Finance Business Partner - London
Closing Date:
05/01/2025
Group:
Corporate Group
Management Level:
Principal
Job Type:
Fixed Term (Fixed Term)
Job Description:
Be one of the first applicants, read the complete overview of the role below, then send your application for consideration.
Please note that this is a 12 month Fixed Term Contract and the advert will close at 00:01 on Sunday 5 January and therefore we advise getting your application in by no later than midnight on Saturday 4 January.
Team Overview
Ofcom exists to make communications work for everyone. We regulate the TV, radio and video-on-demand sectors, fixed and mobile telecoms, postal services, plus the airwaves over which wireless devices operate. We are also helping to inform the ongoing debate about the future of online regulation.
Our culture is shaped by four corporate values: excellence, agility, collaboration, and empowerment.
Purpose of the Role
Reporting to the Head of Business Planning and Reporting, the Finance Business Partner will work closely with the management team(s) of an assigned Group(s) to support the development and management of their budget and portfolio of work. One of a team of Finance Business Partners in the Business Planning & Reporting Team, you will manage a small team of finance analysts to support and challenge the Group in strategic and operational decisions. You will work to establish your team as a valued, respected and trusted partner to the business. You will be viewed by the business as a subject matter expert, with a specialism in Finance who actively shapes specific business initiatives, shares best practice and delivers valued support.
Requirements of the role
* Work as a Finance Business Partner to provide value adding support, guidance, financial review and challenge to an assigned Group(s) within the organisation.
* Act as the financial focal point for the Group’s management team and colleagues within the Group.
* Oversee the activities of a small team of Finance Analysts.
* Work with the Group Director and management team to develop an annual budget and programme of work, and work with the group to ensure that all spend is appropriate and the overall budget envelope is not exceeded.
* Support the Group to enable them to prioritise and plan activities and resources effectively.
* Manage the month end close of accounts, assuring financial accuracy and completeness and produce the financial reporting requirements for the Group.
* Ensure that planned outputs and outcomes are well articulated and understood for all activities and that performance measures are in place.
* Provide metrics and management information to assist the Group Director and activity teams in monitoring progress against intended outcomes and outputs.
* Work closely with the Management Reporting Team to develop high quality, relevant reporting for the Group and to ensure existing reporting is fit for purpose and forms part of our overall performance framework.
* Develop, support and review the business case policy and specifically support the Group in the preparation of their business cases.
* Oversee the preparation of the monthly Group Reporting pack and contribute to the preparation of the monthly MI Pack.
* Assume responsibility for the risk management process within an assigned Group, liaising with the management and project teams to ensure that Group risk registers are reviewed and updated regularly. Work with the Head of Risk to ensure risks are escalated where appropriate and that the integrity of the risk process is maintained.
* Oversee the completion of a quarterly review/re-forecast of the Group’s financials, resources and activities.
* Lead the budgeting process for the assigned group(s).
* Lead one of the Finance Department’s customer facing, cross disciplinary teams. These teams include representation from Business Planning & Reporting, Commercial, Business Services, People & Transformation and representation from the business.
* Develop a highly skilled, effective and motivated team, aligned with Ofcom’s values of excellence, collaboration, agility and empowerment, with a focus on career development
Skills, Knowledge and Experience
Essential
* Strong management accountancy experience
* Advanced analytical and Excel modelling skills
* Ability to think strategically and beyond the impacts of finance, identifying both risks and opportunities.
* Experience of analysis and reporting from financial systems
* Demonstrates a strong understanding of the operating model of the business.
* Knowledge of a recognised accountancy software package
* Articulating Ideas: Exceptional communication skills, both verbal and written, with the confidence to express clear opinions and ability to explain financial issues to non-financial colleagues.
* Harmonising Work: Experience of building effective working relationships with other finance and business colleagues. Able to work across different departments and at different management levels.
* Channelling Influence: Strong business partnering skills and the ability to influence key stakeholders.
* Empowering Development: A team manager with a proven track record in managing and developing talent.
Desirable
* Prior experience of working in a regulator or Government department or entity (desirable)
Qualifications
* Recognised accounting qualification (e.g., ACA, ACCA, CIMA)
How to apply:
Please send us your CV and a covering letter. The covering letter should be no more than one page and should explain what has motivated you to apply for this role and how your experience aligns with the job specification.
Ofcom has a clear mission: to make communications work for everyone. To be able to deliver on this, we want our organisation to reflect the diversity of background, experience, upbringing and thought that exists across the UK. We aim to recruit from the widest pool of candidates possible – no matter your social background, ethnicity, sexual orientation, gender or disability.
Where positions are listed as full-time, we remain open to reduced hours, part-time arrangements, job shares, and other flexible working options. From day one, we champion flexible work arrangements to accommodate individual needs.
We also warmly welcome applicants who are returning to the workforce after a break – for whatever reason. If you have taken time away and are ready to rejoin, we look forward to reviewing your application.
Our recruitment processes prioritise accessibility and inclusivity. If you need information in an alternative format or have specific preferences, please contact our recruitment team at resourcing@ofcom.org.uk or call 0330 912 1378.
As a Disability Confident employer, we offer interviews to disabled applicants who meet essential criteria for advertised roles. Learn more about this scheme here. https://careers.ofcom.org.uk/careers/how-we-hire/