Business Analyst and Consolidation Accountant - Grangemouth

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Ref: 1276 Date Posted: Thursday 12 May 2022
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Business Analyst & Consolidation Accountant

INEOS O&P UK

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A truly global company, INEOS is one of the world’s largest chemical companies.

Ineos O&P UK is situated in Grangemouth together with Ineos FPS, and PetroIneos.  It is Scotland’s largest manufacturing site with around 1400 direct employees.

Job Purpose

Reporting to the O&P UK Assistant Business Controller, the Business Analyst & Consolidation Accountant will support the Supply Chain function by leading in the analysis, planning and forecasting of financial information.

Consolidate the monthly O&P UK results, along with the budget and 5-year plan to enable Board and Group reporting respectively. Provide support to the Business Controller with ad-hoc reporting queries (e.g. external audit, monthly ExCo report and Board reporting requests).

In addition, work closely with the Procurement Stores Team-Lead by taking responsibility for business improvement projects and provide ongoing financial support for the Stores function.

Principle Accountabilities

Accountability 1: Financial and Management Information for Decisions

Produce high quality, relevant management reporting information and KPI’s for the Supply Chain function to explain the results to the Logistics Manager and enable them to provide commentary to the Business Managers and to support in making correct business decisions.  Provide high quality business analysis to alert senior managers to potential deviations from strategic financial objectives and work with them to ensure corrective action is taken.

Accountability 2: Strategic and Operational Financial Planning

Lead the annual planning and budgeting process for the Supply Chain function to ensure the production of an accurate annual plan that has been clearly explained and analysed and therefore has full “buy in” from the Logistics Manager.  Translate the annual plan and budget into financial and non-financial targets to ensure that the Plan can be monitored at all levels.

Preparation of the O&P UK budget and 5-year plan files, along with ownership of the financing and interest budgeting process. Consolidate the inputs of four manufacturing plants and two onsite power stations. Work with the Business Controller to create the Board reporting packs and Group submission files. Conversion of the annual plan into the O&P UK Consolidation Model that forms the basis of the financial monthly reporting.

Accountability 3: Forecasting

Lead the process to produce the monthly Supply Chain financial forecast to provide the Logistics Manager with the latest view on the predicted results for the year and/or next 3 months. Review and challenge the forecast inputs provided by functional managers to ensure the accuracy and integrity of the forecast.

Consolidate the O&P UK forecasts for P&L, Balance Sheet and Cash, reconciling the outputs with the Asset P&L models and the 13-week cash forecast. Work with the Business Controller to prepare the monthly Board reporting packs and answer any ad-hoc queries from the CFO and wider Board.

Accountability 4: Process Improvements and Projects

Develop and maintain an approach of continuous improvement to financial management and business process issues to ensure maximum value is added to business decision-making processes. Work with the Stores function by leading business process improvement initiatives. Work with the Business Controller and the wider FC&A team to improve the financial reporting of O&P UK.

Accountability 5: Business Partnering

Work with and support the Logistics and Procurement Stores Managers by analysing and interpreting information and providing recommendations and ad-hoc support to deliver business targets.

Job Requirements

Periods of inconvenience at month-end, year-end and budget planning time to meet Ineos Group deadlines.

Multifaceted role with several disciplines to maintain. Supply Chain, business process improvement and consolidation responsibilities necessitates a strong technical background, both from a management and statutory accounting perspective.

Must be able to work under pressure and react to quick and changing deadlines.

The role has strong dotted-line relationships to the Logistics and Procurement Stores Managers with particular emphasis on business partnering by being the first point of call for all financial issues.

This role will work closely with the Business Controller, providing support with ad-hoc queries to deliver timely and relevant financial and commercial analysis.

Qualifications, knowledge and Skills

Qualifications and Experience

  • Newly qualified accountant with a minimum of 3 years working in a finance function.

Technical Skills

  • Professional accounting level knowledge of accounting control procedures
  • Professional accounting level working knowledge of UK GAAP and IFRS
  • Expert in use of Microsoft Excel
  • The ability to create and maintain macros would be preferred
  • Good working knowledge of SAP and Qlikview
  • Proficient in Microsoft PowerPoint and Word

Behavioural

  • Ability to work productively when under pressure, meet tight deadlines and multi-task
  • Good interpersonal, communication and people management skills
  • Ability to present and defend an argument in a logical way
  • Strive for continuous improvement
  • Energetic, enthusiastic, self-motivated and results oriented personality
  • Lead by example and take responsibility for own performance
  • Credibility with senior managers
  • International outlook

Ability to communicate at a technical accounting level as well as at a business level

Please submit your CV to be considered for this role.