Commercial Finance Analyst
- Recruiter
- BSM Group
- Location
- London (Central), London (Greater)
- Salary
- £55,000 per annum + benefits
- Posted
- 28 Mar 2017
- Closes
- 04 Apr 2017
- Ref
- THCFA55
- Job Title
- Financial Planning and Analysis
- Experience Levels
- Qualified Accountant
- Contract Type
- Permanent
- Hours
- Full Time
Role Purpose
- To drive improvements and enhancements to financial forecasting and quarterly budget planning for our retail partnership portfolios that includes modelling KPIs that drive risk adjusted income including income, impairment and assets.
- Analysis and presentation of financial performance and driving dialogue on areas of P&L underperformance/over performance regularly with P&L Director and Senior commercial managers
- Analytical lead for FP&A driving optimal decision making through extensive financial and quantitative analysis and modelling partnering commercial and credit risk teams
- Support valuation and commercial propositions to retail partners and provide regular oversight to cash based returns for the portfolio (vintage profitability / NPV modelling)
Key Accountabilities
Forecasting/Planning and regular stakeholder dialogue:
- Creating and presenting comprehensive and robust budget packs to senior management.
- Providing review and challenge ahead of final submission to ensure budgets/ forecasts align with wider divisional expectation
- Delivering and presenting complex financial information in a concise, non-technical manner to an executive audience.
- Responsible for the accuracy of forecasts, ensuring the integrity of all forecasting models through continued evolution and enhancement.
- Support all medium and long term forecast ensuring all key stakeholders across the business are fully engaged
- Drive the intra month forecasts and present variance analyses for all key drivers of risk adjusted margin including yield, fee income and assets
Modelling and Insight
- Continually consider new forecast modelling methods, modelling technologies and other state-of-the-art forecast techniques driving customer insight and portfolio risk analytics and be an advocate for their consideration
- Lead the delivery of analytical support and insight to the wider business, specifically the commercial and risk teams.
- Automation and re-build of monthly and quarterly forecast models to make them more efficient (speed of delivery), accurate and fit for scenario planning
- Support development of cash flow models for use across Treasury related functions
- Provide commercial insight into areas of underperformance on Risk adjusted income and regularly present proposed corrective actions to senior management
Team Support:
- Proactively communicate and support the Head of Forecasting and the Senior FP&A leads.
- Support wider finance in projects that require automation / technical skills like SQL/SAS
Partner Management:
- Manage stakeholder relationship and influence colleagues at different levels to ensure all work is completed in an efficient and accurate manner.
- Regular engagement with the commercial sales leads to drive more value and insight from the retail partnerships
Skills, Knowledge, Qualifications & Experience
Essential
- Relevant experience in a Data Analysis/FP&A role in financial services for unsecured loans or credit cards.
- Ability to generate commercial insight from raw data and present to Senior stakeholders
- Strong SAS /SQL / advanced Excel Skills (incl. statistical and reference functions, etc.)
- Strong communication and presentation skills, including the ability to present information in a clear and concise fashion.
- Strong stakeholder management skills as the role requires a lot of senior stakeholder communications
- At least a 2.1 degree in a highly numerical discipline such as Economics, Operations research, Finance, Statistics, Engineering or similar
Desirable
- Proven skills in the application of forecasting methodologies and how and when to apply them (including regression and time series models), their limitations and associated quality measures
- Knowledge and experience in econometric modelling will be an added advantage
- FP&A background in unsecured loans / credit cards
Key Relationships
- Commercial P&L Director
- Credit Risk Director
- New Customer Management / Existing Customer Management - Commercial
- FP&A leads
- Treasury/Management accounting/Financial control