Finance Analyst

About The Role
Finance Analyst required to manage all aspects of management accounting and financial control for Insurance.- This is a **permanent role** with great prospects and opportunities for the future.
- Working hours are 35 hours per week across Monday - Friday 9am - 5pm.
- Hybrid role (two days on-site working - normally at our Bradley Stoke RAC Office in BRISTOL).
Appointed new colleague will work as part of the the Insurance Finance team to understand and drive the financial performance of the Insurance division via provision of:

- Actual Financials and KPIs including Balance Sheet reconciliations
- Cost Tracking
- Weekly outturns
- Rolling forecasts
- Month End Reporting Packs
- Ad hoc and routine financial reporting deliverables

**Rewards & Benefits**
At the RAC, our colleagues do whatever it takes to help our customers. And we believe in rewarding you in return. As well as a competitive salary, there’s also an annual bonus scheme in place. Plus, you’ll have all these extra benefits:

- Option to join our pension scheme
- The option to buy additional holidays, depending on your role
- 24-hour colleague assistance programme
- Car salary sacrifice scheme - including offers on electric vehicles
- Discounts with Mercedes, Nissan, Renault and Vauxhall
- FREE RAC Breakdown cover from day one
- Kids Pass for deals and discounts on family days out
- Health and wellbeing benefits - including healthcare cash plan and private medical insurance
- Up to £1,500 for referring a friend to a RAC Patrol role
- Group Life Assurance of up to 4 x salary

On top of all that, we reward outstanding performance with #OrangeHeroes awards - voted by team members, for team members. This includes a company-wide awards ceremony that takes place each year, as a thank you to colleagues.
**Role purpose**
As Finance Analyst you will drive the provision of full and accurate financial information, support, guidance, insight and challenge of internal processes to ensure consistent information delivered as efficiently and effectively as possible.
Understand the Group Strategy and Five Year Plan, and the specific short and medium term targets you are involved in influencing to support the business area in developing annual budgets and forecasting
- Revenues and costs for the smaller Insurance products
- Key drivers and clear assumptions
- Fully understood, monthly phased budgets
- Producing quarterly / ad hoc re-forecasts
- Clear understanding of KPIs and performance against these
- Provision of a consolidated view of Insurance including production of consolidated reports
Effective and efficient accounting, producingtimely and accurate numbers
- Understanding of accounting policies, chart of accounts/cost centres/account codes, how numbers will be produced
- Produce P&L, balance sheet and cash flow
- Simplify processes
- Checking and challenging numbers, especially cost understanding and tracking
- Capital expenditure and associated business cases
- Understand tax treatments
Ensure financial controls operate effectively
- Performing and understanding reconciliations
- Timely, accurate month end cut off
Support reporting of financial performance
- Monthly costs, revenue, balance sheet, cash flow
- Capital expenditure and associated business cases
- Timely production of Group reports that are relevant and inform business leaders & Exec including appropriate commentary
- Effective communication of performance to enable effective understanding of reported numbers & impacts.
- Assist in drawing out and highlighting trends
Enforce standards and controls of Board, Group Finance and regulatory bodies
- Understand Board delegated authorities
- Ensure spend follows group processes
- Ensure accounting standards are followed and adhered, flagging risks as appropriate
Deliver success through building and maintaining effective relationships and partnering disciplines
- Across all levels of Finance
- Across Insurance team, including senior management
- Cross business functions as required
- Legal, Tax, Audit, compliance & Regulatory teams as required
**Qualifications**
Within this team you will need to be pragmatic, flexible, dedicated, and thrive within a fast-paced environment.
- Part-qualified or QBE accountant with relevant experience
- Prior experience of insurance and/or Legal/Financial Services products would be an advantage
- Financial Modelling Skills
- Strong Analytical skills
- Good understanding of relevant commercial disciplines
- Good relationship management and influencing skills
- Excellent organisational skills
- Ability to assimilate information and make decisions quickly
- Able to challenge constructively
- Strong communications skills - written and verbal
- Applies Big Picture View
- Demonstrates credibility