Lead Financial Manager

2 months ago

Twickenham, United Kingdom LGC Group Full time
Job Description

About the Role

We are seeking a highly skilled and dynamic Financial Manager to join our dedicated team at LGC Group. As a key member of our finance team, you will play a pivotal role in running and growing our financial operations.

Main Responsibilities

  • Coordinate the financial management of LGC Group's extensive research funding portfolio.
  • Lead a diverse team of 10, including 3 direct reports, to ensure smooth daily operations.
  • Be responsible for the GMG's budget, providing critical support for business development initiatives.
  • Drive success by developing and running key performance indicators.
  • Ensure robust systems are in place to review the cost information provided in research funding applications, in order to ensure the best value for money.
  • Build and support the financial awareness of members of the finance team, as well as staff in programme teams, developing their skills in monitoring and forecasting research budgets.
  • Lead on finance initiatives of strategic importance to customers and support efforts to ensure appropriate consistency of GMG processes with other research funders.
  • Supervise the finance and contracts team work to best practice, and that policies and standard operating procedures are in place for sound financial monitoring, reporting and forecasting.
  • Actively contribute to staff continuous professional development.
  • Ensure that the CCF's senior management team has access to relevant and accurate management information.

Financial Management of the GMG Budget

  • Work with the LGC Divisional Finance team to ensure that an accurate P&L for GMG is produced on a monthly basis, resolving accounting issues, as required.
  • Contribute to the Divisional reporting pack, including providing a monthly commentary on performance versus budget, and reporting performance.
  • Ensure that customers are invoiced in a timely and accurate manner.
  • Prepare an annual budget and quarterly forecasting for GMG in collaboration with the Divisional Finance team.
  • Monitor and report on variances/trend and advise leadership on possible courses of action.
  • Provide financial support for winning new business, producing cost and pricing models to support required margins, constructing reasons for investment and assessing benefits realised.
  • Ensure that the senior management team has access to relevant and accurate management information.

Cost Modelling

  • Work with the business to identify cost drivers.
  • Develop a cost model to estimate cost required for new and existing areas of the business.
  • Continuously evaluate the model and propose changes when necessary.
  • Support the business in the use of the model.

Qualifications and Experience

  • Qualified accountant (ACA, ACCA or CIMA) with significant post qualification experience, ideally in both a public sector and a commercial environment.
  • Experience and understanding of management of research finances in an NHS and/or HEI setting.
  • Good technical application of financial accounting skills.
  • Previous experience and responsibility for divisional reporting requirements.
  • Validated experience of building strong working relationships with operational teams.
  • Experience of taking a significant role in systems implementation would be advantageous.
  • Experience of creating and leading robust and sophisticated processes, ideally in a research funding environment.
  • Experience of leading and developing others.

Crucial Competencies and Behaviours

  • Expertise in financial modelling and forecasting.
  • Ability to coach, develop and empower people.
  • Comfortable working in a demanding and evolving environment; able to adapt and be flexible to changing needs.
  • Capable communicator with ability to establish credibility with key customers.
  • Analytical approach and ability to challenge numbers and people.
  • Comfortable working as an organisational lead and subject matter expert.

Other Skills and Abilities

  • Strong communication skills.
  • Excellent planning and organisational skills.
  • Well-developed written and presentation skills.

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