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Team Leader - Financial Analysis (001747) in London at Inmarsat

Date Posted: 3/7/2018

Job Snapshot

  • Employee Type:
    Fixed Term Contract
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Job Description

Primary purpose of the position: 

  • Leading a team of four Financial Analysts, looking after the group’s business units and ensuring costs are captured and reported accurately. Lead the month end close process (closing on WD 5) through the means of ownership of all OPEX costs management for the group, monthly variance analysis as well as being the primary point of contact for any finance OPEX related query.
  • Own the transactional side of the Procure to Pay cycle in SAP and partner with the Procurement Department (owner of P2P full process) to align and improve the process output in terms of finance (process changed with effect from mid Jan 2018)

Job Requirements

Key responsibilities of the position: 

  • Taking ownership of the SAP cost / profit centre dimensions and OPEX GL’s
  • Produce the Monthly Consolidated P&L variance analysis against budgets and actual prior month, to ensure accuracy of recorded costs and raising correcting journal entries where required;
  • Oversee the production of monthly business unit profit centre commentary produced by the team
  • Ensure timely recording of monthly accruals and costs by the team, in relation to open purchase orders, prepayments, cost reallocations and manual journal entries to ensure the accuracy of the income statement at month end close;
  • Regular contact and meetings with business unit finance managers to discuss queries
  • Regular review and investigation into all open purchase orders to determine the validity and closure, in conjunction with the procurement department
  • Finance partnering with the Procurement Department and drive the finance agenda for best practise Procure to Pay cycle for the business, identify financial reporting weaknesses in the process and work with the Procurement Department to address these
  • Finance partnering with end business users to train on new process for purchase requisitions being raised, that these have the correct coding, correct class (i.e. contract related or not), accurate service delivery dates, correct legal entity and containing enough information in respect details that are used by finance for various reasons;
  • Provide ad hoc service and assistance, reports, commentary or analysis when required to the business and the BU Finance teams;
  • Participate actively in the IFRS 16 Leases transition project for the group for year 2018
  • Lead and participate in the projects going on within the team.

Which of the Inmarsat Qualities (IQs) are fundamentally important to this job

  • Best Value – ensuring that costs are recorded accurately
  • Customer Excellence & Inspired Communications – maintains collaborative relationships across all areas both within Finance and across other divisions responding promptly to queries; excellent communications skills
  • Enterprise Spirit & Solution Focus – must be prepared to work with the manager to develop a strong team ensuring outputs are improved, high standards are maintained and delivered in line with timetables;
  • Collaboration – proactively help the team when needed, the manager and other peers. Act as back-up when the colleagues are on holiday.

Essential knowledge and skills:

  • Strong accounting knowledge
  • Good knowledge of an ERP system (preferable SAP)
  • Analytical skills / Variance Analysis and capability to identify accounting errors
  • Thorough understanding of Procure to Pay cycle and transactional steps around this process
  • Solid excel knowledge
  • Attention to details
  • Time management and ability to meet deadlines
  • Excellent communication skills
  • Experience of managing a team (at least 2 members)
  • Qualified (ACCA / CIMA or other) with minimum 3 years PQE experience
  • Be prepared to work longer hours for the 5-6 days around month end


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