JOB DESCRIPTION
FINANCE MANAGER – CENTRAL OVERHEADS
easyJet are currently on the look out for a Finance Manager to join our evolving operations finance team, specifically partnering the Central Overheads division. When it comes to innovation and achievement there are few organisations with a better track record. Join us and you’ll be able to play a big part in the success of our highly successful, fast-paced business that opens up Europe so people can exercise their get-up-and-go. With over 250 aircraft flying over 700 routes to more than 30 countries, we’re the UK’s largest airline, the fourth largest in Europe and the tenth largest in the world. Flying over 70 million passengers a year, we employ over 10,000 people. Its big-scale stuff and we’re still growing.
TEAM
This is a really exciting opportunity working as a key member of the Central Finance team, reporting into the Senior Finance Manager for Central Overheads, providing financial ownership for Overhead costs across several areas. This is a key business partnering role.
JOB PURPOSE
1. Purpose of this role is to be the end-to-end finance contact for Central Overheads costs across several head office functions, across Finance, HR, Commercial, Marketing etc.; and provide complete financial management and support for these areas.
2. The role provides a business partnership between the business owners and the financial performance of easyJet.
3. This role pro-actively engages with department leaders, from the Airline Management Board to Directors of various areas, as well as HR and Finance Business Partners across the company to drive strategic analysis, deliver ad hoc requests, monitor business projects, and advise on financial analysis.
4. This role leads the strategic and annual planning processes for overhead costs, including Budget, Outlook and the five year plan.
5. The role monitors and challenges the business to provide accurate forecasts, deliver cost savings and generate analysis for potential variances to budget, risks and opportunities.
JOB ACCOUNTABILITIES
Business Partnering:
Provides a true Business Partner framework to the leadership teams across the several areas this role will look after, ensuring that the business owners are supported with the right insight and information at all times. Strong business partnering with cross functional stakeholders including wider finance team, Operations & Commercial teams to ensure seamless communication and integrity of results and forecasts.
Financial Management:
* Budget and Outlook for overheads
* Supporting the cost programme strategy and delivery of initiatives
* Monthly Re-forecasting
* Review and comment on monthly reporting and analysis
* Business case evaluation and decision advice
* Ad-hoc projects
Business Performance and Analytical support:
1. Ownership for monthly detailed analysis and insight into the costs, which can be used to drive business performance and improve the cost base.
2. Responsibility for accurate monthly forecasting into consolidated PBT (forecast) model.
3. Driving confidence in numbers and providing insight into risks and opportunities.
4. Driving continuous improvements in the business and finance processes.
5. Leads the team in developing a good understanding of overhead costs including providing insightful updates for all strategic projects and priorities.
6. Contribute to budget process and pack for overheads detailing variances for presentations to senior management.
7. Provides financial evaluation and acts as lead decision support finance manager for ad-hoc projects and cost saving initiatives.
Financial Accounting & control:
1. Supporting the accounting and control team with the month end reporting process and providing analysis detailing variances to plan and prior year and tracking the effectiveness of cost saving initiatives for overheads.
2. Responsible for the production of month end reporting packs and consolidated commentary for overheads.
3. Supporting the financial accuracy of the Group and entity Balance sheet for all areas of responsibility; reviewing balance sheets prepared by the accounting and controls team and advising where necessary.
4. Support Internal audit investigations across overheads.
People Leadership, Relationships and Influence
As a member of the Core Finance team, the Central Overheads Finance Manager has responsibility for:
* Maintaining effective cross functional relationships.
* Providing subject matter expertise to a diverse and demanding set of stakeholders.
* Managing and mentoring junior members of the wider team.
KEY PERFORMANCE INDICATORS & FINANCIAL TARGETS
1. Support delivery of Cost per Seat (CPS) maintained at broadly flat and delivered to budget.
2. Month End insight and budget variance analysis completed on time and with accuracy and clear explanations of movements.
3. Deliver key insight into performance of costs for network and ensure latest view is reflected in the rolling forecast.
4. Support easyJet strategic projects to track benefits delivery.
5. To deliver the business initiatives for each area of responsibility.
6. Support the development of in year and pipeline cost initiatives.
COMPETENCIES
1. Ownership and Delivery: Has a clear focus to drive delivery of results, working to targets, reviewing progress and adapting their plans accordingly, motivating themselves and the team to achieve.
2. Business Performance: Understands business and external environment, is cost conscious and understands the longer term perspective and implications of decisions.
3. Innovation and Change: Is open to new ways of doing things and questions existing approaches, views change as an opportunity, comfortable working in a dynamic and ambiguous environment.
4. Building Relationships: Expresses ideas confidently and clearly, builds positive and constructive relationships with others, gets to know colleagues within their own team and supports them to ensure team goals are achieved.
5. Developing talent: Looks at new challenges as an opportunity to learn, takes ownership for own development and is aware of their strengths and weaknesses, looks for feedback from others about own performance.
KEY SKILLS REQUIRED
1. Qualified accountant, preferably with at least 3 years post qualified experience.
2. Ability to embrace large, complex, preferably fast moving, entities.
3. Excellent analytical skills with an ability to demonstrate an excellent grasp of variance analysis and the key drivers.
4. Manage own time across variety of tasks and projects to deliver to deadlines.
5. Ability to deliver the level of detail and insight required to support the procurement and ground operations team.
6. Able to communicate and challenge effectively with key stakeholders at all seniority levels in the organisation.
7. Able to demonstrate the commercial value of Finance projects.
8. Ability to explain finance to non-financial stakeholders.
9. A proactive team player.
10. An ability to work on own initiative and has the confidence to offer solutions.
11. A true self starter, with high levels of motivation and enthusiasm.
12. Excellent excel skills (up to basic macros) and TM1 experience preferred.
BENEFITS
1. Competitive base salary.
2. Up to 20% bonus.
3. 25 days holiday.
4. BAYE, SAYE & Performance share schemes.
5. 7% pension.
6. Life Assurance.
7. Flexible benefits package.
8. Excellent staff travel benefits.
LOCATION & HOURS OF WORK
This full time role will be based in Luton and will be 40 hours per week.
MP2
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