Balfour Beatty plc
Finance Manager
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About The Role
Your contributions will help us create new opportunities and possibilities every day – for us, for the country’s infrastructure, and for yourself.
Join our Power T&D team as a Finance Manager on the ASTI project in Elgin and open up new pathways you never dreamt possible.
Responsible for overseeing all financial activities, reporting, managing budgets, and other financial controls. Reporting to the Senior Finance Manager providing financial planning, analysis of project costs, cash flow management, coordinating audits, providing strategic financial guidance to support the company's growth and profitability as well as other non-financial critical information.
You will be an integral part of the project management team and will be a key interface with the following stakeholders: Senior ASTI project management team, internal business partners, other Project Finance Managers, Newcastle, BB Internal & External Auditors. Expectation is that you could be based at our nearest office/site, however, travel should be expected. It would also be expected that attendance would be required for various business meetings across the business as deemed appropriate.
What you'll be doing
- Develop and manage budgets for ASTI projects, ensuring accurate cost estimations, and tracking expenditures against approved budgets.
- Implement cost control measures to optimize project expenses without compromising quality, constantly seeking opportunities for cost savings and efficiency improvements.
- Prepare and present financial reports to senior management, providing insights into project performance, cost trends, KPI’s and overall financial health.
- Manage period end reporting cycles.
- Ensure compliance with Gated Business Lifecycle.
- Monitor cash flow and liquidity, ensuring timely payments to vendors, subcontractors, and other stakeholders to maintain smooth project operations.
- Conduct financial forecasting and analysis to support decision-making, project future financial trends, and assess potential impacts on the business.
- Expect a good level of commercial understanding and experience of NEC option C and E contracts would be advantageous.
- Collaboration with Project Teams: Work closely with project managers, engineers, commercial, and other stakeholders to align financial goals with project objectives, providing financial guidance throughout the project lifecycle.
- Ledger Management including Reconciliations, journals and validation of Revenue and profit reported.
- Coordinate internal and external audits, ensuring compliance with accounting principles, tax regulations, and other financial standards.
- Assist in capital planning and investment decisions, evaluating the financial feasibility of tenders, net debt and ad hoc initiatives.
- Identify opportunities for process improvement within the finance department, implementing best practices to enhance efficiency and effectiveness.
- Perform ad hoc financial analysis and reporting as needed, addressing specific inquiries from senior management or stakeholders and contributing to informed decision-making
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Who we're looking for
- Experience in operating at a similar level as part of a project team would be required
- Qualified accountant (CA, ACCA, CIMA etc) essential
- Strong financial and commercial acumen
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?
Benefits
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
Balfour Beatty’s Power Transmission & Distribution teams work with regional, national and international electricity network owners and operators to provide technical engineering solutions across the full spectrum of the electricity grid, including overhead lines, cabling, substations and distribution networks.
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From scoping and feasibility, to design, construction and on-going maintenance, our in-house experts, flexible resources and industry-leading innovations support customers in the development of some of the UK’s most ambitious power transmission and distribution projects.
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: candidaterecruitmentqueries@balfourbeatty.com
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