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The Role

A Cost Account Management role responsible for managing and controlling the finance aspects of an IT Product Group OpEx budget (circa £40m per annum).

Focus on cost accounting, budgeting, financial reconciliation and financial reporting.

Ability to coordinate activities across a number of sub-cost account management budgets, owned both internally to the Product Group and externally.

Overall responsibility to deliver the OpEx budget to cost, timescales and in support of quality for those services delivered.

The incumbent will be expected to shape, plan and submit future OpEx annual budgets over a 5 year term.

Role Responsibilities:

Not limited to...

Maintain cost account systems, procedures, processes and practices to track OpEx costs.
Ensure compliance with those internal procedures.
Monitor and analyse variances between monthly, quarterly and annual budgeted expenses.
Work closely with internal and external teams to ensure forecast are accurate, articulated and up to date.
Identify and support the implementation of cost savings an efficiencies within the budget.
Review and adjust budget and forecast for new services into the budget.
Provide financial guidance and support to sub-cost account teams that make up the overall Product Group budget.
Progress risk (and opportunity) identification, assessment, cost and risk mitigation plans for services outside of the formal budget.
Prepare and articulate monthly, quarterly and annual financial reports for senior management.
Maintain accurate records of all cost related finance data and decisions making sand ensure they are accessible.
Participate in financial audits.
Assist in the development of long term (5 year) OpEx plan for the Product Group.

What BAE Systems are looking for, from you:

Is generally working to SFIA level 4
Proven experience in Cost Account Management.
Takes on a lead role, provide consultancy advice, guidance and mentorship to sub-Cost Account Management Teams
Benchmarks and review improved ways of working - continually seeking opportunities for quality improvement and cost reduction
Has a good understanding of the ITIL4 framework
Experience of working in an IT Function
Proficient in financial management software (ideally SAP, but Oracle, or similar)
Proficient in use of MS Excel
Risk management background
Be trained at least to ITIL foundation and either appropriate ITIL Intermediate or other appropriate capability training
Knowledge of working within a SIAM operating model would be beneficial

Security Requirements: SC & UK EYES ONLY

This role will require the person to hold full Security Clearance (SC) prior to working onsite. You will need to obtain a BPSS check as part of this process. You must currently hold or be eligible and willing to obtain SC and you must be eligible to work in the UK without sponsorship and have lived and worked in the UK for a minimum 5 year period. If you are unsure as to whether you are eligible, please contact me to discuss.

Furthermore, this role requires you to be a sole British national.

The Umbrella rate quoted above is the Gross Umbrella rate (i.e. the rate we pay to the Umbrella Company inclusive of ALL employment costs). Please note, the rate paid by the Umbrella will be less, as will a Limited Deemed rate or Agency PAYE rate. Please get in touch to discuss the rates via these different payment vehicles