About the role
Amazing infrastructure isn’t the only thing that gets built here. Incredible careers do too. Join Balfour Beatty's UKCS Regional Buildings team as a Project Finance Manager in Birmingham and build something to be proud of.
This is a hybrid role which requires a minimum of 3 days a week in the office/on site, and requires occasional travel to projects in and around Birmingham.
Finance lead for projects in the north portfolio, ensuring the safe and effective delivery of the business’ financial objectives through effective project financial management. Provide assurance on all processes and procedures where there is a financial impact or potential for an impact.
This role will primarily be managing the finance for N1,N2 as well as the close out of another project in the north portfolio it will also manage aspects of work winning alongside the SFM. The role is an operationally / commercially focused role in the finance function, with the key objective to be a true business partner who can collaborate effectively and step beyond finance.
What you'll be doing
- Prepare and present financial reports to senior management, providing insights into project performance, cost trends, KPIs, and overall financial health
- Period End Reporting: Manage complex period end reporting cycles and Oracle, ensuring timely and accurate completion
- Cash Flow Analysis: Monitor cash flow and liquidity, identifying trends and
- potential issues
- Ensure the balance sheet is correct
- Develop and manage budgets/forecast for projects under your control, ensuring accurate cost estimations and tracking expenditures against approved budgets
- Deliver financial forecasting and analysis to support decision-making including projection of future financial trends, and assessment of the potential impacts on the business
- Review cost accruals – analysis and adjust prior to AFP submission
- Monthly actualisation of staff costs v target cost build
- Ensure people allocations are accurate and default locations are kept up to date
- Cost Control: Implement cost control measures to optimise project expenses without compromising quality, constantly seeking opportunities for cost savings and efficiency improvements.
- Ensure delivery of projects’ strategic objectives. Identify financial risks and opportunities and implements strategies to mitigate them, ensuring compliance with financial regulations and industry standards. This includes project risk registers and overviews. Attends periodic Project Meetings and reports back findings (Risks & Opps).
- Communicate effectively, influencing and persuading at a senior level in a cross functional team.
- Solves complex challenges and delivers high quality sustainable, strategic outcomes autonomously, meeting challenges robustly and appropriately.
- Monthly reporting to finance and commercial leads on actuals, forecasting, and Risks & Opps. Flag cost increases and deviations from anticipated results, Including update on gain share v Opp.
- Credit Checks / due diligence and monitoring on supply chain periodically to support solvency appraisals.
- Manage Risk and Opportunities updates including Risk portal review.
- Collaborates with the Work Winning function to ensure all new opportunities are financially viable, providing accurate and timely information for decision-making through the stage gate process
- Develop and maintain financial models to evaluate the financial viability of potential projects, incorporating factors such as construction costs, financing options, and market trends
- Support new project set up appropriately
- Cash forecasting, reconciliation, and narrative on variances
- Ensures clear understanding of contracting type, defining and securing recoverable costs.
- Lead implementation of controls and monitoring to mitigate disallowed/cost in fee and improve margin.
- Ensure compliance with contracts and schedule of cost components. Manages relationship with client external auditors.
- Provide technical contract understanding to ensure that financial rules are followed in line with group procedure and accounting for complicated contract mechanisms.
Who we're looking for
The following qualities/experience are essential:
- Already obtained or working towards chartership
- Demonstrable ability to form effective working relationships with multiple stakeholders.
- Demonstrate BB behaviours including talk positively, collaborate relentlessly, encourage constantly, make and difference and value everyone
- Strong commercial finance awareness
- Excellent communication skills
- Ability to manage challenging situations.
- Pro-active and highly motivated
- Resilience and tenacity
- Organisation and prioritisation
- Decision making
- Advanced excel knowledge
- Knowledge and experience of construction contracts and accounting thereof
- Ability to obtain security clearance for work on secure projects
- Oracle R12
Why work for us
Day in, day out, our teams deliver some of the UK’s most ambitious, exciting and meaningful projects; developing, building and maintaining the vital infrastructure that supports national economies and strengthens communities.
Why join us?
As if contributing to and supporting work that makes life better for millions wasn’t rewarding enough, we offer a full range of benefits too. You’ll have the freedom to shape the package that’s right for you and your life. Here are some of our key benefits:
- Smart working, giving you more flexibility such as staggered start and finish times, with up to 40% remote working, where roles allow.
- 25 days paid annual leave (pro rata)
- Family friendly policies which include 28 weeks full pay for maternity/adoption leave and four weeks full pay for paternity/partners leave
- Pension, share incentive plan, volunteering leave, recognition schemes and much more…
About us
Operating across England and Wales, our buildings teams create places where people live, are cared for, work, learn, meet and have fun, with a focus on the aviation, health, defence, education and development sectors.
Diversity and inclusion
At Balfour Beatty we believe that diversity and inclusion are essential components of any successful, happy workplace. Through our Value Everyone Diversity and Inclusion Strategy and Action Plan, we are growing our diverse workforce and developing our inclusive culture where everyone is able to thrive and reach their full potential, regardless of their identity or background. To find out how we are making this a reality, visit www.balfourbeatty.com/diversityandinclusion
To help and support us with our desired commitment to create an inclusive culture we are members of WISE, enei, Business Disability Forum and the Association for Black and Minority Ethnic Engineers (AFBE). In 2020, we signed the Audeliss and Involve Open Letter to demonstrate our commitment to taking key long term and sustainable actions on Black Inclusion. Balfour Beatty is also a Gold Award holder in the Ministry of Defence 'Employer Recognition Scheme' and actively encourage applications from Armed Forces personnel, veterans and reservists.
As a Disability Confident Employer, we are committed to working with people who have disabilities and long-term health conditions to remove barriers for them in obtaining employment. We are also committed to offering applicants with a disability an interview if they meet the minimum requirements for the role. For more info, visit: https://disabilityconfident.campaign.gov.uk/
We are looking to continually improve our resourcing process and ensure that it is fair and inclusive for all. If you have any feedback on the process, please share this with us at: [email protected]
Job Reference: BBUK19570
