Finance Manager - Accident Assist

Business Area

Head Office, Finance & Procurement

Reference

HO02786

Salary

Contract Type

Full Time

Locations

Basingstoke

Closing Date

31-01-2020

Company description

We are the AA. And we keep everyone’s show on the road. There for our customers wherever and whenever they need us, we’re always ready for anything. That’s why, for over 100 years, we’ve continued to evolve and adapt. Today, as the nation’s number one motoring organization, we offer a range of excellent products and services to millions of customers.

Location: Basingstoke

Salary: £60,000 to £70,000 depending on experience

Contract: Permanent

This is the job

The role of Finance business partner Accident Assist Services Ltd (AAS)– AAS FBP is a role of significant importance in the Insurance business within the AA.  The role faces off against all of the senior stakeholders in AAS supporting the Managing Director on a day to day basis whilst providing financial accounting and support for a division with profits expected to triple in the next 4 years to over £18m in FY24

The ability to deliver accurate and reliable management accounts, and detailed and timely modelling when providing decision support to the AAS Managing Director is essential.

What will I be doing?

Planning and Forecasting

  • Managing the production of plans/forecasts (P&L, Balance Sheet and Cash Flow, OpEx, CapEx) for the AAS business:
    • Income £18m growing to £30m+ in next 4 years
    • Profits growing from £9m to £18m in next 4 years
  • Maintaining and improving the planning and forecasting models, ensuring assumptions are clearly documented;
  • Working closely with the Central Finance function to ensure plans and forecasts are understood and justified;
  • Formalising sign-off of plans/forecasts ensuring assumptions are documented and business leaders are fully informed (i.e. no “surprises”).

Reporting and Analysis

  • Producing and presenting the finance result to the AAS Directors and senior managers;
  • Leading on the development of performance MI to ensure we have optimal efficiently in reporting;
  • Key role in preparing reporting packs and financial presentations for board at month end as well as forecasting and budgeting process.
  • Modelling the impact of new investment decisions

Financial Accounting & Control

  • Responsible for the financial accounting for AAS. Responsibilities include:
    • Ensuring a clean balance sheet
    • Responsible for the quality of the divisions element of the accounts audited by PWC
  • Provide assistance to the project team in developing the financial controls framework, and ensure local implementation in the AAS business;
  • Development and ownership of balance sheet control reconciliation processes, working with central shared services teams;

Business Partnering

  • Lead the Business Partnering for AAS, effectively facing off against AAS Managing Director and Long Acre claims Managing Director;
  • Appraising new strategic initiatives in terms of product development and investment opportunities.

What do I need?

Capability, Knowledge and Experience:

  • General Insurance knowledge is highly desirable;
  • Good experience gained in use of financial models
  • Analytical background, with continued workplace application of skills;
  • Good communication and assertion skills, particularly in dealing with Senior Management;

Education and Qualifications:

  • Qualified accountant (preferably 3-5 years post-qualified experience);

Personal Characteristics:

  • Creative and dynamic thinker – someone who is comfortable ‘thinking outside of the box’ to help solve problems;
  • Ability to be rational and ‘level-headed’ when under pressure;
  • Willingness to develop and acquire new skills and challenge the status quo;
  • Self-motivation and the desire to succeed / ‘champion the cause’

Additional Information

What else is expected of me?

Good conduct matters at the AA.  It's very important that you act with honesty & integrity, are respectful of others and have a consistent desire to do the right thing.  Everyone at the AA lives these behaviours, so we are all able to support the delivery of good outcomes for our customers.

Ensure Treating Customers Fairly (TCF) is embedded in the culture of the AA to deliver the six customer outcomes of right culture, right information, right delivery, right targeting, right advice, and right post sales treatment.

Provide leadership within a framework of prudent and effective controls which enable risk to be assessed and managed to fit within the Board’s agreed risk appetite.

Health and safety requirements

Conduct yourself, and carry out work, to ensure compliance with the Company’s Health, Safety and Environmental Policies.