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Assistant Financial Analyst

  • Channel 4
  • London, UK
  • 21/07/2021

Job Description

Job Title: Assistant Financial Analyst (equivalent to Assistant Management Accountant)
Department: Finance
Location: London
Reporting to: FP&A Analyst

TEAM DESCRIPTION
The Finance department provides Channel 4 with financial support and advice, ensuring the Corporation’s advertising revenue is working hard to deliver our public service, creative and commercial ambitions. 

This role will sit in the Group FP&A team, led by the Head of Group FP&A. 

The FP&A team:
  • Works with all areas of the organisation, giving financial guidance on budgeting, forecasting, financial reporting, investments and all general finance matters
  • Manages short and long term financial forecasting for the Corporation in line with the Channel 4 strategy
  • Provides monthly and quarterly reporting to the Exec team and Board along with other stakeholders
  • Develops and maintains the financial systems

The Group FP&A team is a team of 7 within the overall finance department of approximately 50.

JOB PURPOSE
The role of the Assistant Financial Analyst is to reconcile, track, analyse and report on monthly headcount and staff cost movements. With staff costs being the largest overhead cost at Channel 4, the candidate will be able to provide support & insight to senior managers, Finance Business Partners and the People team to aid planning and decision making. In addition, the role is critical to the monthly reporting, quarterly reforecast process, annual budget and three-year plan process.

The successful candidate will also be required to provide a significant level of ad-hoc analysis to support the People and Finance business partnering teams when required. 

KEY RESPONSIBILITIES

Monthly Reporting
Provide accurate and timely reporting on: 
  • Permanent headcount, FTCs and additional workers
  • Current vacancies within the business
  • Fixed vs variable staff cost base i.e. permanent staffing vs contractors/freelancers
  • Variance analysis versus budget/forecast and prior year
The candidate will maintain a monthly dashboard which is presented to Executive level managers on a monthly basis. They will also be responsible for posting relevant month end journals.

The candidate will be an active participant in the approval sign-off process to advise on and track new approved roles, and will liaise with the People team and Finance Business Partners to understand any other movements within the month i.e. vacancies, maternity covers, acting ups etc. The candidate must be able to provide the Finance Business Partners with a breakdown of their headcount and staff costs at any given point. 

Quarterly Re-forecasting
The candidate will be responsible for: 
  • Producing the quarterly reforecast for each department’s staff cost and headcount
  • Performing run-rate analysis across the business on staff costs
  • Calculating a churn assumption for vacant roles
Annual Budget and Three-Year Plan
The candidate will be responsible for: 
  • Budgeting the annual headcount and staff cost for the financial year for each department across the business
  • Budgeting for the appropriate on-costs and understanding any legislative impacts on these costs
  • Working with the People team and Finance Business Partners to align on budgeted numbers 
Ad-Hoc Analysis
The candidate will be responsible for: 
  • Providing support to the People team and Finance with any analysis they require 
  • The candidate must be able to produce basic Excel models to produce multiple scenarios to support decision making
PROFICIENCIES

Autonomy/ Judgement/ Decision Making
  • Prioritise issues in order to meet key deadlines (month-end close, Board dates, etc.)
  • Able to make decisions, weighing up risks and benefits, either alone or in conjunction with the FP&A Analyst
  • Pro-active approach using own initiative to identify areas for improvement
Relationship Management (Internal and External)
  • Liaise with broader Finance and People teams at all levels of seniority
  • Excellent written & verbal communication skills 
  • Enthusiastic and self-motivated team player
Problem Solving/ Complexity
  • Strong analytical skills with ability to interrogate and interpret vast amounts of data and present key findings to the FP&A team
  • Ability to identify overarching / recurrent issues or causes and make suggestions for ultimate resolution
Team Working
  • Works co-operatively and productively with others; openly exchanging information and supporting colleagues from around the Finance team to achieve goals
  • Demonstrates personal commitment to the decisions of the team
  • Provides assistance and supports colleagues when under pressure
Attention to Detail
  • Works within limits of authority, seeking guidance when unsure
  • Keeps an eye on the detail, checking own work for mistakes and making a commitment to getting the numbers right
  • Establishes realistic deadlines and then sticks to them
ESSENTIAL EXPERIENCE AND SKILLS 
  • Candidate must be a part-qualified accountant, or currently studying for a professional qualification, with a desire to pursue a role in FP&A or Financial Reporting 
  • Intermediate to advanced Excel Skills and comfortable analysing and manipulating data 
  • Strong communication skills, both verbal and written
  • Good PowerPoint skills and ability to prepare slides on a timely basis for ad hoc reporting 
  • Excellent attention to detail
  • Flexible and able to manage workload to meet challenging deadlines
  • Demonstrable ability to improve / give valuable contribution to improvement in processes and achieve efficiencies
  • Enthusiastic with the ability to liaise with the broader Finance and People team at all levels
  • Desire to own and improve processes and embrace change