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Job Descrption

IT Financial Analyst

Shift Pattern:

Standard 40 Hour Week (United Kingdom)

Scheduled Weekly Hours:

40

Corporate Grade:

F - Officer

Reporting Line:

(UK Division) LME Information Technology

Location:

UK-London

Worker Type:

Permanent

Overall Purpose of Role:

The LME IT Financial Analyst will primarily be responsible for managing resource and vendor spend including day to day administration, analysis and reporting.

The person in this position is required to support the Senior Financial Analyst in CTO Office and work closely with the Technology Procurement and Project Portfolio Management teams as well as other teams involved in finance, procurement and project management within LME IT and Finance.

Responsibilities:

Financial Management & Analysis:

• Support financial management and analysis for LME IT ensuring accurate actuals tracking, variance analysis, accruals, reporting and forecasting for resources and vendors (OpEx & CapEx).
• Produce and present bi-weekly and monthly financial reports for the Technology senior management and other stakeholders.
• Own the month-end and year-end accounting processes and reconciliations.
• Support the annual IT budgeting & planning process for BAU and projects.
• Assist with cost models or any other ad-hoc cost reports as required (i.e., TCOs, RFPs cost evaluation, Cost/Benefit analysis).
• Conduct exercises to analyse spending trends in more detail for specific departments and projects.
• Produce agreed regular reports and any other ad-hoc reports needed on procurement activity for the wider LME community.
• Produce agreed savings statistics in line with the savings methodology.
• Develop, improve and automate reports and processes as required to minimise manual, repetitive tasks.

Operational Purchasing:

• Ensure that all Technology vendor & resource spend is processed correctly according to the LME’s Expense Authorization Policy.
• Raise purchase orders with accurate accounting codes, cost treatment and supporting documentation and oversee purchasing for projects.
• Ensure ordered goods and services are recorded as received in the accounting system on a timely and accurate basis.
• Confirm that the correct contracts and documents are in place for payment to occur.
• Identify, investigate and correct anomalies, agreeing spend back to known data points.
• Resolve any vendor queries or finance queries relating to vendor invoicing and payment.
• Improve data quality at source, for instance by improving vendor naming, item detail recording and invoice coding in conjunction with the operational Finance team.

Academic and Professional Qualifications Required:

• A degree, ideally in finance, business or economics, or other qualification evidencing numeracy and analytical skills.
• Certification by accounting, project management or purchasing and supply chain professional bodies (such as ACCA, CIMA, APM, PRINCE or CIPS) is desired, but not required.

Required Knowledge and Level of Experience:

• 1-3 years of experience in finance operations or analytics, with exposure in Technology functions, is required.
• Experience in analytics, reporting & procurement is desirable.
• Experience of using finance systems, preferably Oracle E-Business.
• Advanced Excel and PowerPoint skills are required.
• PowerBI, Project Online & MS Project skills are desirable.

Skills set and Core Competencies Required for Role:

• Numerate.
• Commercially and financially literate.
• Good understanding of end-to-end technology products and services.
• Systematic approach.
• Ability to meet tight deadlines and work well under pressure.
• Able to define and improve processes for effectiveness and automation.

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