Senior Financial Operations Manager

3 weeks ago

Twickenham, United Kingdom LGC Group Full time

Company Overview

LGC Group is a leading organization dedicated to advancing science and improving lives through innovative research and development. We collaborate with various stakeholders, including government bodies, academic institutions, and industry partners, to deliver impactful solutions that enhance health and wellbeing while fostering economic growth.

Position Overview

Opportunity for a Senior Financial Operations Manager

Are you prepared to oversee a dynamic financial portfolio and guide a committed team towards excellence? We are looking for a talented individual to play a crucial role in managing and expanding our financial operations.

In this key position, you will be responsible for the financial management of LGC Group's extensive funding portfolio.

Your role will involve leading the financial components of a diverse array of awards and projects, while managing a team of 10 professionals, including 3 direct reports, to ensure efficient daily operations. You will oversee the budget, providing essential support for business development initiatives and driving success through the establishment and monitoring of key performance indicators.

We seek a qualified accountant with outstanding communication abilities, capable of influencing senior stakeholders and providing strategic insights across the organization. As a proven leader, you will motivate and develop your team while managing the daily functions of the department.

Key Responsibilities

Financial Oversight for a Comprehensive Funding Portfolio

  • Ensure the quality, accuracy, and timely completion of quarterly financial reports and forecasts for the budgets managed.
  • Collaborate with colleagues to understand financial reporting requirements and develop efficient reporting structures and processes.
  • Establish systems for issuing contracts and variations, supervising the performance of program teams in managing these systems.
  • Implement operational improvements to enhance the finance function, particularly in managing and setting budgets.
  • Ensure robust systems are in place to review cost information in funding applications, ensuring optimal value for money.
  • Foster financial awareness among finance team members and program staff, enhancing their skills in budget monitoring and forecasting.
  • Lead finance initiatives of strategic importance and ensure consistency of processes with other funding organizations.
  • Supervise the finance and contracts team to adhere to best practices, ensuring sound financial monitoring and reporting.
  • Contribute to the continuous professional development of staff.
  • Provide senior management with relevant and accurate financial information.

Financial Management of the Organizational Budget

In this role, you will assist in managing the budget in accordance with divisional and group finance requirements:

  • Collaborate with the finance team to produce accurate monthly financial statements, resolving any accounting issues.
  • Contribute to divisional reporting, including providing commentary on performance against budget.
  • Ensure timely and accurate invoicing for customers.
  • Prepare annual budgets and quarterly forecasts in collaboration with the finance team.
  • Monitor and report on variances and trends, advising leadership on potential actions.
  • Provide financial support for new business initiatives, developing cost models and assessing benefits.
  • Ensure senior management has access to relevant financial information.

Cost Modelling

  • Collaborate with the business to identify cost drivers.
  • Develop a cost model to estimate expenses for new and existing business areas.
  • Continuously evaluate and propose changes to the model as necessary.
  • Support the business in utilizing the model effectively.

Qualifications

Required Qualifications & Experience

  • Qualified accountant (ACA, ACCA, or CIMA) with substantial post-qualification experience in both public and commercial sectors.
  • Experience in managing research finances within an NHS or higher education institution.
  • Strong technical financial accounting skills.
  • Proven experience in divisional reporting.
  • Demonstrated ability to build strong relationships with operational teams.
  • Experience in systems implementation is advantageous.
  • Proven track record in developing robust processes in a funding environment.
  • Experience in leading and developing teams.

Essential Competencies and Behaviors

  • Expertise in financial modelling and forecasting.
  • Ability to coach and empower team members.
  • Adaptable to a demanding and evolving environment.
  • Strong communication skills with the ability to establish credibility.
  • Analytical mindset with the ability to challenge data and assumptions.
  • Comfortable in a leadership role and as a subject matter expert.

Additional Skills and Abilities

  • Excellent planning and organizational skills.
  • Strong written and presentation skills.

Compensation & Benefits

Competitive salary with performance-related bonuses, comprehensive benefits including annual leave, pension scheme, life insurance, and healthcare options.

This position is hybrid, with expectations for in-office attendance a few days a week.

Application Process

If you possess the relevant skills and experience, we encourage you to submit your CV along with a statement that highlights your qualifications in relation to the required criteria. We look forward to your application.

EQUAL OPPORTUNITIES

LGC Group is committed to creating a diverse environment and is proud to be an equal opportunity employer. We welcome applicants from all backgrounds and walks of life.

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