FP&A Analyst

Role Overview

We are recruiting for a Financial Planning & Analysis (FP&A) Analyst. This is an exciting opportunity for a driven, enthusiastic and dynamic FP&A professional to join the F1 Finance team. Reporting into the Head of Finance, this role will support the delivery of the Group’s annual budgets and quarterly reforecasts, internal reporting to various stakeholders, cost control and the analysis of variances between actual and budgeted expenditure. This role provides a rare opportunity for significant exposure to a dynamic Finance environment in an iconic global sports entertainment business revolving around the world’s most widely watched annual global sporting competition.

Main Duties And Responsibilities

The FP&A Analyst will work with and support the other members of the FP&A team in achieving its various responsibilities which include, but are not limited to, the following:

• Preparation of annual budgets and quarterly reforecasts.
• Partnering with budget holders across a range of media, technical and logistics functions.
• Internal reporting to various stakeholders.
• Controlling expenditure and ensuring that it is incurred in line with approved budgets/forecasts.
• Analysing and investigating variances between actual and forecast/budgeted expenditure.
• Working closely with and supporting the Head of Finance, M&TC, and liaising with stakeholders across M&TC.
• Reviewing and seeking to enhance existing financial processes and procedures.
• Evaluating and advising on the financial implications of potential projects and investment decisions.

Annual Budgeting

Specifically, the FP&A Analyst role will work on:

• Contributing to the preparation of the consolidated annual budget and cash flow forecast for the Group.
• Assisting with writing the Group budget management report.
• Reviewing departmental budget submissions, ensuring any discrepancies are resolved by liaising with the preparer and discussing with the budget holder/manager.
• Updating the GL with budget data.
• Liaising with and supporting staff in preparing their budgets.
• Ensuring a seamless transition to new fiscal years, including updating the Chart of Accounts, maintaining the new year’s codes in the GL and Procurement systems, closing down previous year’s codes and rolling forward the various financial reports.

Quarterly Re-forecasting

• Assisting with production of the Group’s reforecasts based on most current information available.
• Assisting with writing the Group Reforecast management reports.
• Reviewing departmental submissions, ensuring any discrepancies are resolved by liaising with the preparer.
• Updating the GL with forecast data.

Month-end Tasks

• Completing various elements of the month end process, including analysing and investigating variances to forecast and budget, calculating month-end adjustments and reviewing activity for potential mis-postings or mistimed transactions.

Regular Management Reporting

• Assisting with the population of reports issued to various managers across M&TC.
• Meeting with managers to discuss performance.

Ongoing Support

• Working closely with staff across M&TC to ensure that their information and control needs are being met.

Analysis And Review

• Analysing Group and divisional budgets and forecasts against prior year / quarter.
• Preparation of financial reports and presentation thereof to senior management.
• Investigating/identifying improvements to financial reports on an ongoing basis.

Ad Hoc

• Provision of specific financial information to senior management.
• Ad hoc team project and development work.

Other Information

The position is located at Formula 1’s Media & Technology Centre in Biggin Hill. Occasional attendance at Formula 1’s head office in London’s West End may be required. The role is predominantly office based with the option for limited home working.

What Are We Looking For?

Experience

• Budget and forecast preparation
• Experience of analysing actual financial performance against budgets and forecasts and providing meaningful and insightful related reporting

Knowledge & Skills

• Good analytical and financial reporting skills
• A solid foundation of basic accountancy skills including an understanding of generally accepted accounting principles.
• Advanced MS Excel skills
• Ability to support and build relationships with colleagues and stakeholder
• Experience of working with Power BI and/or Power Query would be desirable
• Use emerging technologies to collaborate and communicate effectively with stakeholders would be desirable

Qualifications

• Recently CIMA or ACA qualified
• History of excellent academic achievement
• University degree educated

Personal Qualities

• Hard-working and able to commit to wider team objectives/deliverables which might mean working to tight deadlines
• Good oral and written communication skills
• The ability to work collaboratively with key stakeholders at various levels within the organisation
• Excellent attention to detail
• Able to take direction, work as part of a team or on their own, at times demonstrating initiative where required

Why join the force behind the sport?

Joining F1 means becoming part of a team that values innovation, collaboration and personal growth. We offer a dynamic work environment where ideas are heard, and employee contributions truly make an impact. We seek to recruit, develop, and retain the most talented people to play their role in accelerating the future of the sport. As a member of the F1 team, you will be able to access our amazing benefits:

• Private Healthcare scheme
• Dental Care
• 4 x Grand Prix Paddock passes per season
• Enhanced maternity/paternity leave and other family planning policies
• A free staff shuttle service running to and from surrounding trains stations near to Biggin Hill
• Free healthy snacks in our offices
• Subsidised canteen in Biggin Hill, serving breakfast and lunch
• 25 days annual leave and 8 Bank Holiday days, plus a Christmas period closure
• Opportunities to develop and request training for your role via our in-house Learning and Development team
• Discount on F1 merchandise
• Discount at F1’s experiences including F1 Arcade and F1 Drive
• Perkbox benefit portal and more

Key skills/competency

• Financial Planning
• Budgeting
• Forecasting
• Variance Analysis
• Financial Reporting
• Cost Control
• Stakeholder Management
• Advanced Excel
• Power BI
• GAAP Accounting