Associate, Cost Cap Control

**Purpose of the Role**:
As part of our continuous improvement to be cost cap competitive, the role will be an important part in identifying and driving transformation within the finance function, in order to streamline and maximise resources.

**Principal Accountabilities**:

- Performing quality control procedures and month end audit of all F1 exclusions, validation of supporting documentation against the regulatory framework
- Prepping documentation, complete and accurate audit files, schedules, contracts, with exceptional care and diligence for cost cap audits
- Assisting in developing an internal audit function to challenge any cost cap exclusions and ensure they have been comprehensively evidenced to minimise risk
- Develop knowledge on F1 financial regulations and accompanying FIA audit procedures
- Identifying and escalating any gaps in controls / processes and introduce improvements to minimise risk of errors and non-compliance
- Working collaboratively with group entity finance team to ensure break out of costs is compliant
- Continuous review of all intercompany & exchange transactions
- Working with auditors throughout audit periods, work with wider finance team to draw in information to answer queries effectively and with necessary diligence
- Detailed review of capital expenditure to evaluate criteria for exclusions being applied consistently and compliant to the regs

**Knowledge, Skills and Experience**:

- Entry level Accounting
- Excel (moderate ability required),
- Ability to prioritise and organize
- Good interpersonal and communication skills
- Eager to learn and enthusiastic
- Ability to work effectively to deadlines

**Personal Attributes**:

- Resilient and confident individual
- Willing to multi-task and manage time effectively
- Ability to work within diverse organisations and in challenging conditions

**Key Competencies**:
**Analytical Thinking**
- The ability to think clearly, logically and objectively
- To analyse work-related problems in an effective way
- To come to conclusions which are balanced, systematic and rational

**Building Relationships**
- Recognising key relationships and making conscious effort to build rapport
- Establishing positive relations quickly with stakeholders irrelevant of status
- Demonstrating tact and diplomacy in all professional relationships

**Results Focus and Initiative**
- The drive, determination and commitment to get things done
- To move things forward, achieve, get results and do things better

**Planning and Organising**
- Ability to meet set goals and deadlines
- Able to define priorities and explain workload commitments
- Ability to assess work done against future goal and monitor progress
- Pro-active approach that will ensure task completion
- Confidence to recognise and escalate arising problems

**What can McLaren offer?**

We strive to provide a fun, innovative, collaborative and open culture where everyone’s input is welcome, and everyone feels part of our achievements. We work hard to create a culture of continuous improvement, and support this with a pro-active approach to management and personal development.

McLaren Racing is based at the iconic McLaren Technology Centre on the edge of Woking. Our large campus includes a gym, swimming pool, restaurant and indoor and outdoor break-out areas, as well as direct access to park land. MTC is connected to Woking mainline station via regular shuttle buses, from which London Waterloo is a 32min train ride.

We encourage hybrid working patterns to give you options to balance your home life and hobbies with your work, and offer a comprehensive package of benefits including private healthcare, car schemes, life insurance and generous pension contributions.