FAQs
What is the main purpose of the Finance Analyst role?
The main purpose of the Finance Analyst role is to provide financial analysis and support in the overall financial management process, including performance measurement, financial recordkeeping, and budgeting.
What are the key responsibilities related to performance measurement and reporting?
Key responsibilities include preparing business unit financial statements and management reports, providing commentary on financial performance against budget, collaborating with business units to develop financial plans and budgets, monitoring and investigating variances, and refreshing spending reports ahead of Executive meetings.
What tasks are involved in the Record to Report segment of the role?
The Record to Report segment involves maintaining accurate financial records, posting journal entries, updating ledgers, reconciling accounts, performing period-end close activities, and supporting external audits by providing necessary financial information to auditors.
How does the Finance Analyst contribute to budgeting and forecasting?
The Finance Analyst engages with Treatment Delivery Managers and budget holders to consolidate budgeting and forecasting templates, reviews cost driver assumptions, ensures alignment with organizational goals, and collaborates closely with stakeholders to gather financial information.
What skills are important for a Finance Analyst?
Important skills include strong analytical skills, advanced Excel proficiency, effective communication skills, ability to convey complex financial issues clearly, teamwork, understanding business drivers, and a proactive approach to identifying solutions.
Is there a requirement for accounting qualifications for this role?
While it is preferable for candidates to be studying towards an accounting qualification, it is not explicitly required.
What kind of collaborative work is expected from the Finance Analyst?
The Finance Analyst is expected to work collaboratively with the Business Partnering Team and relevant stakeholders to achieve common goals and to contribute effectively in a team environment.
How does the Finance Analyst support continuous improvement within the organization?
The Finance Analyst supports continuous improvement by generating imaginative ideas for better ways of working and proactively seeking opportunities for personal and professional development.
What flexibility is included in the role with regard to additional tasks?
The role includes the flexibility to handle ad-hoc requests as necessary, which may involve various financial analyses and support tasks as directed by management.
What is the importance of communication in this role?
Communication is crucial as the Finance Analyst must effectively convey financial concepts to non-financial stakeholders, explain complex financial issues in a clear manner, and make actionable recommendations for improvements.