Finance Business Partner

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Key Information

Job title: Finance Business Partner x2

Salary: Circa £66,000                                            Grade: 3

Contract type: TfL                                                 Reference: (1663)

Team: FBP LU                                                       Directorate: TfL Corporate

Contract details: Permanent                                Location: Palestra / Hybrid

Application closing date: Sunday 20th July

Role Information (FBP)

• Streets and Network Operations – Partnering a diverse business area, a mixture of FTE and contracts with an operational budget of £717m. SNO is responsible for ensuring the ongoing control and resilience of TfL’s operational network, including the Rail & Tube network as well as the London Road and Traffic infrastructure.
• Customer Operations – Primarily a staff cost area of c.10,000 FTE, covering many aspects of customer facing staff from Train Operators to Station Staff – a budget of £846m.

The role holder will be a trusted and influential member the finance business partner team providing comprehensive financial support working with decision makers and budget holders to ensure that the business area has robust financial information to support effective decision making.

Utilising financial services provided by the Business Services Function to provide management accounting; the role holder will operate with the business area to provide commercial support and insight in an accurate and timely way, being a sounding board to new initiatives, helping to identify risks and opportunities and have the ability to explain financial concepts to non-finance people.

Key accountabilities

• Be a key, visible point of contact for the budget holders within the business area and overcome silo working through partnering approach providing an integrated view on financial performance and financial input into decision making
• Responsible for providing key management reporting and information for the business area to support decision making and achieving business objectives
• Undertake the collection, collation and challenge of financial and other planning information with supporting risks and opportunities to inform the financial planning process encompassing short and long term plans for the business area
• Provide ad hoc analysis and insight on business performance, including using investment and project appraisal techniques, to support effective decision making and the delivery of objectives.
• Utilise BSF team to ensure that financial transactions are correct and policies adhered to
• Interfaces with local and central finance teams to ensure an efficient and effective finance service.
• Be an active member of the Finance community, contributing to the continuous improvement and added value of the finance function.

 Skills

• Variance and Financial/Budgetary Analysis (Experience)
• Forecasting (Practitioner)
• Systems and Software (Practitioner)
• Cost Accounting (Practitioner)
• Business Case Analysis, Development and Assurance (Experience)
• Risk and control (Practitioner)
• Professional Accounting principles and standards (Practitioner)
• Management reporting and external reporting and ad-hoc communication (Practitioner)
• Commercial acumen (Practitioner)

Knowledge 

• Educated to degree level or equivalent
• Numerate and experience and understanding of Finance and accounting
• Qualified or part Qualified CCAB (Desirable)
• Experience at building relationships at senior management level
• Working knowledge of investment appraisal tools and methodologies and their application

Experience 

• Experience in managing delivery of key management accounting services to time, budget and quality
• Extensive experience working in a business environment with senior management with demonstrable skills in challenging and collaborating with this type of stakeholder
• Experience of integrated ERP accounting platforms (SAP) able to manage, use and manipulate data and information to enable effective reporting, planning, financial management and control
• Demonstrable experience of driving value through effective analysis and management of financial information

Equality, diversity and inclusion
We are committed to equality, diversity and inclusion. We want to represent the city we serve, which will help us become a more innovative and efficient organisation. Our goal is to make our recruitment as inclusive as possible. We are a disability confident employer who guarantee an interview to any disabled candidate who meets all of the essential criteria.  

Benefits  
In return for your commitment and expertise, you will enjoy excellent benefits and scope to grow.  Rewards vary according to the level of role but mostly include the below:
 
Final salary pension scheme 
Free travel for you on the TfL network 
Reimbursement of 75% of the cost of a standard class Ticket for National Rail travel from home or 75% reimbursement on a 28-day flexi ticket
30 days annual leave plus public and bank holidays 
TfL is committed to work-life balance, operating a hybrid working approach where business and role requirements allow
Private healthcare discounted scheme (optional) 
Tax-efficient cycle-to-work programme
Retail, health, leisure and travel offers 
Discounted Eurostar travel
 
Hybrid working within this role enables a balance of 50 per cent of time split between the office and home over a 4 week period. Hybrid working arrangements can evolve subject to business requirements. 

We will make every effort to give you as much notice as possible, however some interviews/assessments could be organised at short notice.