Logo of Huzzle

Home

Matches

Explore

Manage

FP&A Analyst

image

Formula 1

12d ago

  • Job
    Full-time
    Mid Level
  • Accounting & Tax
    Banking & Finance
  • London
  • Quick Apply

AI generated summary

  • You need budget/forecast prep experience, strong analytical/reporting skills, CIMA/ACA qualification, solid accounting knowledge, and advanced Excel skills. Collaboration and attention to detail are essential.
  • You will prepare budgets, analyze variances, support budget holders, report to stakeholders, and enhance financial processes while collaborating with the finance team.

Requirements

  • Experience
  • Budget and forecast preparation
  • Experience of analysing actual financial performance against budgets and forecasts and providing meaningful and insightful related reporting
  • Knowledge & Skills
  • Good analytical and financial reporting skills
  • A solid foundation of basic accountancy skills including an understanding of generally accepted accounting principles.
  • Advanced MS Excel skills
  • Ability to support and build relationships with colleagues and stakeholder
  • Experience of working with Power BI and/or Power Query would be desirable
  • Use emerging technologies to collaborate and communicate effectively with stakeholders would be desirable
  • Qualifications
  • Recently CIMA or ACA qualified
  • History of excellent academic achievement
  • University degree educated
  • Personal Qualities
  • Hard-working and able to commit to wider team objectives/deliverables which might mean working to tight deadlines
  • Good oral and written communication skills
  • The ability to work collaboratively with key stakeholders at various levels within the organisation
  • Excellent attention to detail
  • Able to take direction, work as part of a team or on their own, at times demonstrating initiative where required

Responsibilities

  • To work with and support the other members of the FP&A team in achieving its various responsibilities which include, but are not limited to, the following:
  • Preparation of annual budgets and quarterly reforecasts.
  • Partnering with budget holders across a range of media, technical and logistics functions.
  • Internal reporting to various stakeholders.
  • Controlling expenditure and ensuring that it is incurred in line with approved budgets/forecasts.
  • Analysing and investigating variances between actual and forecast/budgeted expenditure.
  • Working closely with and supporting the Head of Finance, M&TC, and liaising with stakeholders across M&TC.
  • Reviewing and seeking to enhance existing financial processes and procedures.
  • Evaluating and advising on the financial implications of potential projects and investment decisions.
  • Contributing to the preparation of the consolidated annual budget and cash flow forecast for the Group.
  • Assisting with writing the Group budget management report.
  • Reviewing departmental budget submissions, ensuring any discrepancies are resolved by liaising with the preparer and discussing with the budget holder/manager.
  • Updating the GL with budget data.
  • Liaising with and supporting staff in preparing their budgets.
  • Ensuring a seamless transition to new fiscal years, including updating the Chart of Accounts, maintaining the new year’s codes in the GL and Procurement systems, closing down previous year’s codes and rolling forward the various financial reports.
  • Assisting with production of the Group’s reforecasts based on most current information available.
  • Assisting with writing the Group Reforecast management reports.
  • Reviewing departmental submissions, ensuring any discrepancies are resolved by liaising with the preparer.
  • Updating the GL with forecast data.
  • Completing various elements of the month end process, including analysing and investigating variances to forecast and budget, calculating month-end adjustments and reviewing activity for potential mis-postings or mistimed transactions.
  • Assisting with the population of reports issued to various managers across M&TC.
  • Meeting with managers to discuss performance.
  • Working closely with staff across M&TC to ensure that their information and control needs are being met.
  • Analysing Group and divisional budgets and forecasts against prior year / quarter.
  • Preparation of financial reports and presentation thereof to senior management.
  • Investigating/identifying improvements to financial reports on an ongoing basis.
  • Provision of specific financial information to senior management.
  • Ad hoc team project and development work.
  • The position is located at Formula 1’s Media & Technology Centre in Biggin Hill.
  • Occasional attendance at Formula 1’s head office in London’s West End may be required.
  • The role is predominantly office based with the option for limited home working.

FAQs

What is the job title for this position?

The job title for this position is FP&A Analyst.

What is the main focus of the FP&A Analyst role?

The main focus of the FP&A Analyst role is supporting the delivery of the Group’s annual budgets and quarterly reforecasts, internal reporting to stakeholders, cost control, and variance analysis between actual and budgeted expenditure.

Where is the position located?

The position is located at Formula 1’s Media & Technology Centre in Biggin Hill, with occasional attendance required at the head office in London’s West End.

What qualifications are required for this role?

The role requires candidates to be recently CIMA or ACA qualified and have a university degree, along with a history of excellent academic achievement.

What type of experience is preferred for applicants?

Applicants should have experience in budget and forecast preparation, as well as analyzing actual financial performance against budgets and forecasts.

Are there any specific software skills required for this job?

Yes, advanced MS Excel skills are required, and experience with Power BI and/or Power Query is desirable.

What types of personal qualities are we looking for in a candidate?

We are looking for candidates who are hard-working, detail-oriented, possess good communication skills, and can work collaboratively with different stakeholders.

What are some of the benefits offered by Formula 1?

Benefits include a private healthcare scheme, dental care, 4 Grand Prix Paddock passes per season, enhanced family leave policies, free staff shuttle service, healthy snacks, subsidized canteen, and 25 days of annual leave plus bank holidays.

What are the primary tasks for monthly reporting?

The primary tasks for monthly reporting include completing elements of the month-end process, analyzing variances to forecast and budget, and reviewing activity for potential mis-postings or mistimed transactions.

What is expected of the FP&A Analyst in terms of ongoing support?

The FP&A Analyst is expected to work closely with staff across various teams to ensure that their information and control needs are being met.

image

Formula 1

Unleash Your Inner Drive

Entertainment & Media
Industry
501-1000
Employees

Mission & Purpose

Formula 1® is the greatest racing spectacle on the planet, with more than half a billion fans following its unrivalled mix of guts, grit and glory world-wide. But F1 is also a team of brilliant individuals, working together to deliver the global phenomenon to the masses. So what do we do at the race? Our most visible activity is just that – visuals. At each event, we provide the technical infrastructure needed to deliver timing services, on board cameras, data acquisition, production of the international TV feed, as well as post-production of content across each grand prix weekend and the official F1 App and F1TV. Over each race weekend, we analyse and monitor data, provide content for our social media and digital platforms and support the live broadcast back in our Remote Operation Centre, based in our Media and Technology Centre. Behind the scenes, there’s so much more going on. Trackside, we provide exceptional hospitality programmes for guests to get up close and personal to the sport and its stars. We look after trackside advertising, graphics, and organise and facilitate the hugely popular FanZones. Meanwhile, back at ‘home’ - we’re busy prepping for the next races and creating innovative content ideas and building new networks to bring the excitement of Formula 1 racing to new fans across the globe.