Company Description
Red Bull UK are recruiting for a Financial Planning & Analysis Internal Controller to be based in London.
The FP&A Internal Controller coordinates the financial planning and month-end closing processes, is responsible for controlling indirect costs, and provides analytics and reporting to business stakeholders such as the Leadership Team, the Management Team, all budget owners across the organization, and Headquarters. Additionally, the Controller is responsible for establishing adequate internal control/audit processes, performing regular checks to identify potential areas for improvement, and mitigating risks.
Job Description
GENERAL
Guarantees full compliance with the Group Controlling guideline.
Designs the system setup, to perfectly mirror the responsibilities in the organization.
Ensures a timely distribution of financial information (plan and actual) to every budget holder by sending out reports, by allowing system access and by presenting the information in regular meetings.
Promotes efficiency in Controlling in order to minimize the time spent with report generation and maximize the time for analysis, commenting and insights sharing.
Supports the establishment of a deep bottom up planning process and the development of a local planning calendar based on the group planning timetable.
Contributes to a high forecasting accuracy of business plans, revised and latest estimates and long-term forecasts.
Measures and reviews the cost/benefit ratio of proposed activities.
Builds a solid relationship with budget holders based on mutual respect and trust.
Is driven through a service mindset by sharing insights, by supporting budget reallocations, by ensuring overall budget adherence, by acting as a facilitator to achieve objectives, by identifying budget deviations and respective causes, by highlighting risks and opportunities and by providing financial simulations
Manages fact and knowledge bases, spreads and exchanges information.
MONTH END CLOSING
Verifies the overall costs and revenue recognition cut-off.
Coordinates the monthly accrual process following the cost revenue matching principle.
Guarantee that all indirect costs are properly accounted for and perform preliminary analysis against the current revise estimate.
Ensures the reconciliation of systems (SAP/BI/Hyperion).
Ensures master data quality and verifies the consistency of the cost center and internal order hierarchies.
REPORTING & ANALYSIS
Calculates/reports the major KPIs (Financial Sales, DSO), BER, AER.
Prepares reports on aggregated or on detailed level, comparing the profitability YTD, comparing PY vs CY vs RE vs YTG.
Prepares and distributes a detailed Indirect Costs monthly report including comments on brand, project (= internal order), account, and cost centre level using SAP, BI and Hyperion for each budget owner and LT.
Supports the preparation of cash flow and working capital development reports.
Supports the preparation of reports to the LE/WE/HQ including the LE, the BPR and the Shareholders Deck.
Performs ad hoc analysis when required
PLANNING & FORECASTING
Coordinates the Business Plan/Revised Estimate data collection and data entry.
Coordinates timings and input needed during the budget process.
Aggregates/consolidates the individual plans to a total plan.
Supports and challenges the budget owners during the planning process.
Prepares year to go best estimates.
BUSINESS PARTNERSHIP
Acts as a contact and sparring partner for all Management Team member.
Works closely with the various contacts, has a service mentality but also challenges them, asks questions, gives suggestions and insights.
Prepares scenarios and simulations with the input from the budget owners and models the impact.
Supports the budget owners in Indirect Costs budget reallocations and ensure overall budget adherence.
ANALYTICS
Ensures the collection and management of all relevant databases, keeping it clean and fixing errors.
Perform statistical analysis.
Promotes the creation of adequate and modern data visualization reports and dashboards in close collaboration with local and central D&A resources.
Present findings, learn and share insights.
INTERNAL CONTROL / AUDIT
Develop regular audit plans across different areas of the P&L and BS, assessing risks and evaluating the effectiveness of existing internal controls.
Perform regular checks on the financial records to identify discrepancies, out of policy transactions, odd patterns and even potential fraud.
Promote regular 1:1 with key stakeholders to co-assess the implemented business processes and control procedures.
Report findings, suggest improvements and follow on the implementation of correction measures.
Qualifications
Additional Information
At Red Bull, we exist to give people wiiings. To achieve that, we recognise the value that comes from having a highly diverse workforce that has the freedom and responsibility to realise their ideas and seize opportunities. We make recruiting decisions based on experience, skills, potential and talent: everyone is welcome here.