Head of FP&A

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    opening times 02 Apr 2020
    pin London
    who in charge Reporting to Head of Financial, Planning & Analysis
    About Tungsten Network
    We're looking for an FPA Manager who will provide financial planning and analysis support and control to the business units which he/she supports, as well as owning the group P&L and KPIs.

    Tungsten Network (LSE: TUNG) aims to be the world’s most trusted business transaction network by using data intelligently to strengthen the global supply chain.

    Tungsten Network is a secure business transaction network that brings businesses and their suppliers closer together with unique technology that revolutionises invoice processing maximises efficiency and improves cash flow.

    Delivering the foundation for world-class invoicing processing, the network also provides users with real-time spend analysis and offers suppliers access to invoice financing through Tungsten Network Finance, a form of alternative finance for businesses.

    Key responsibilities
    • Ownership of Internal Management P&L –Understand, analyze and ultimately report the entire P&L to Head of FP&A

    • Work with IT to automate existing reports and creation of future reports

    • Support interim CFO and Head of FPA with technical accounting papers, board papers and interim and year-end preparation

    • Help to develop and maintain rolling reforecast file down for revenue, EBITDA and Net Income.

    • Work with revenue analyst to understand revenue trends, KPIs, flag issues and act as first point of sign off on revenue for all revenue related issues

    • Business unit cost center management – working with Heads of business units to manage operating expenditure to plans providing effective commercial business challenge to ensure key operational, commercial and financial targets are achieved or exceeded

    • Continued development of effective reporting, ensuring information is disseminated to the business in an effective and timely way to allow effective control over the entire P&L.

    • Help deliver the continual transformation agenda of Head of FP&A – to ensure the FP&A team is functioning to a maximum level and stays at that level going forward.

    • Business unit cost center financial planning – working with Heads of business units to drive the budgeting and forecasting cycle from a cost perspective – taking ownership of these areas and

    • Business unit analysis and explanation of current and historic performance

    • Manage Purchase Order approvals for business units supported

    • Provision of analytical support to the evaluation of business proposals and ad-hoc cross-functional projects

    • Management of an Analyst, who will support in delivery of the tasks noted above

    • Anticipate future reporting requirements and KPIs and help move the culture from re-active to forward thinking and work with KL to drive a one team culture

    • Understand Balance Sheet risks and opportunities impacting P&L

    • Support head of FPA and Interim CFO with ad hoc tasks and analysis

    Knowledge, Skills & Experience
    • Ability to identify, simplify and improve inefficient or unnecessarily complex legacy processes

    • Ability to present financial information to a Board level audience

    • Big 4 ACA 1st time passes

    • Strong Microsoft Excel skills and Microsoft office skills

    • Ability to present financial information in a clear and concise manner to non-financial business partners

    • P&L management and analysis experience

    • Financial planning and forecasting experience

    • Experience in use of analysis tools such as Power BI, Qlick or similar desired

    Personal Attributes:
    • Proactive in seeking solutions and better ways of working

    • Ability to prioritize, work and deliver to tight deadlines

    • High level of accountability

    • Ability to build positive business relationships and work collaboratively