Financial Accountant Job at Rolls-Royce – in London
London (Buckingham Green)
We have an exciting opportunity available for a Financial Accountant to join Rolls-Royce & Partners Finance Limited (RRPF), a joint venture company between Rolls-Royce PLC and GATX Corporation comprising of 19 joint venture entities in the UK, 18 entities in the US, 2 in Malaysia, and 1 in China. RRPF is one the largest spare engine lessors in the world, leasing civil aircraft engines to airlines around the world.
In 2015, RRPF also started a serviceable used parts business which has grown significantly. Despite the challenges of COVID19, we have ambitious plans to continue to grow this business and are well placed to do so. The Finance team manages the business planning, accounting, reporting and tax for all the entities. It is also responsible for the communication of financial performance to its shareholders. Joining RRPF, you will be part of a dynamic and fast-moving finance team, within a very agile business, whose primary objectives are to manage and improve financial and management reporting, to ensure all compliance obligations are met and to be effective and trusted business partners to the wider business team.
You will work very closely with the Senior Finance Manager and other Finance Managers and report to the Finance Director. The size and structure of the organization means that you will work alongside and communicate with senior management daily. At Rolls-Royce, we look beyond tomorrow. We continually pioneer integrated power and propulsion solutions to deliver cleaner, safer and more competitive power.
At Rolls-Royce, we pioneer the power that matters to our customers, to society and to the planet.
Every great product needs a great business behind it. Our work is complex, innovative, highly challenging and rewarding, and it takes a range of professionals to do it. Having the right people means we can deliver excellence to our customers and pioneer the power that matters.
AP – Manage the AP ledger to ensure all invoices are recorded and accurate cost reporting is completed in a timely manner. You will also be responsible for producing up-to-date creditors listing for review by the Finance Director following which you will ensure weekly payment runs are completed and creditors are paid timely. You will also be responsible for the statutory supplier payment reporting. As part of this role you will be responsible for ensuring all processes are followed when setting up new suppliers.
AR – Support the Operations teams to ensure monthly billings are raised timely, and by reviewing lease and sale agreements to ensure that transactions are correctly recorded on RRPF’s accounting system and contract management system.
Cash Management and reporting – You will be responsible for managing all our cash and bank accounts and debt book. You will be required to make debt service payments on a quarterly basis to ensure our debt service is completed in a timely manner and in line with our debt agreements. You will also need to complete a review of our bank accounts ensuring all access is limited to authorized users and ensuring bank mandates and signatory lists is maintained and up-to-date. You will also be required to prepare rolling cash forecasts.
Management Reporting – Support and improve month-end close process, driving improvement and automation of management accounts production. You will also have responsibility for timely production of monthly reconciliations and monthly variance analysis feeding into monthly management accounts and to help prepare/consolidate budgets and forecasts in accordance with JV partners’ timetables. Reviewing documentation in respect of lease contracts and engine purchases ensuring that transactions are correctly recorded on RRPF’s accounting system and contract management system is another important part of this role.
Financial/Statutory Reporting – Jointly be day-to-day point of contact for the auditors, dealing with audit queries, within the agreed deadlines.
Continuous improvement – A key aspect of this role will be to continually identify areas for improvement and to be proactive in implementing such changes. In addition, we want to make the month end close process more efficient and to improve the monthly results pack for senior management. You will play a key part in improving the design and structure of those reports. Ad hoc projects – Support in various aspects of ad hoc and transactional projects.
Tax – You will be involved preparing monthly VAT returns and supporting tax advisors with annual corporate tax compliance process.
Key Skills, Experience, Qualifications:
Qualified / Part qualified accountant (ACA, ACCA or CA) with post-qualification experience in industry particularly managing AP ledgers.
Excellent accounting knowledge.
Excellent Excel, PowerPoint and other MS Office skills. Demonstrable excellent financial modelling skills will be a plus.
Excellent team-working, communication skills, commercially astute, can-do attitude and attention to detail.
Knowledge of Sun Systems, Hyperion, Salesforce, and accounts production software (e.g. Thomson Reuters AP) a plus.
Leasing industry experience and/or interest in aviation and the airline industry also a plus.
Experience of designing and implementing new systems and processes also a plus.
We offer excellent development, a competitive salary and exceptional benefits. These include bonus, employee support assistance and employee discounts.
Pioneer optimum performance. Join us and you’ll develop your skills and expertise to the very highest levels, working in an international environment for a company known the world over for brilliance and innovation.
We are an equal opportunities employer. We’re committed to developing a diverse workforce and an inclusive working environment. We believe that people from different backgrounds and cultures give us different perspectives. And the more perspectives we have, the more successful we’ll be. By building a culture of respect and appreciation, we give everyone who works here the opportunity to realise their full potential.
You can learn more about our global Diversity and Inclusion strategy here .
So that you can be your best at work and home, we’ll consider flexible working arrangements for everyone, in any role.
Closing date: 28th January 2022
14 Jan 2022; 00:01
About the Company
Company: Rolls-Royce –
Company Location: London