Capital Finance Business Partner

What you’ll be responsible for

Working with those involved in the Capital Programme you will oversee strong controls while providing relevant and reliable financial information and analysis used for budgetary management.  You will develop relationships in the business working to support strategic plans. Responsibilities include;

• Work closely with the Asset Managers, Capital Delivery and Regulation team to prepare and complete financial plans (budgets, ‘best estimates’, regulator reports). 
• Ensure financial reporting controls are adhered to on a monthly basis including cost allocations (e.g. ensuring costs are definitely capital), fixed assets are setup and timeously set as complete (TECO’d).
• Overseeing of some monthly team processes such as job completion (TECO’ing), work breakdown structures (WBSs) are set up promptly and that budget allowances are correct. Budget allowances are signed off by the Asset Investment Group and held in ‘investment delivery plan stage’ (IDP) documentation.
• Provide the Regulation team with regulatory tables for Price Review (PR) purposes and Annual Performance Reporting (APR).
• Output requirements are provided by Regulation but requires the job holder to manage systems, processes and documentation to these requirements. 
• Production of accurate and timely management accounts for the Asset Investment Group (AIG) and to provide variance analysis to the Financial Controller that will be presented at the AIG.
• Challenge the integrity of business budget by review of committed expenditure (e.g. what does have and what does not have Purchase Orders raised). This takes take place during periods 10-12.
• Oversight of the monthly routines performed in the team, such as fixed asset completion (Teco’ing), job creation, cost reallocation, accruals and 
• Support the annual audit. The audit will principally sample large numbers of fixed assets to ensure the integrity of costs capitalised. 
• Adhoc reporting and duties to support the finance team and business as required.
• Work within your team to identify and deploy continuous improvement to drive efficiencies in processes.

Who you’ll work with

Internal

• Business Unit Financial Controller
• Heads of Service
• Central Management Accountant team
• Financial & Regulatory Accountant
• Strategy and Regulation
• Finance Projects, Planning and Process Manager
   

External

• Audit

About you

Experience, qualifications, knowledge & skills required:

• ACCA or CIMA qualified 
• Commerciality and the ability to understand and assimilate business strategy with operations and cost drivers with a demonstratable track record of supporting a business to improve financial performance.
• Managing and undertaking Financial Planning and Analysis working with a variety of budget holders with different needs (e.g. commercial areas and overhead areas)    
• 3 Years post qualified experience in a similar role requiring cost analysis and different forecasting techniques.    
• Comfortable working independently with operational teams and as part of a finance department.        
• Proficient user of MS Office and in particular MS Excel with demonstrable experience of manipulating large volumes of data accurately and efficiently.            
• Self-starter able to manage ambiguity in a complex and commercially oriented environment, operating flexibly, showing accuracy and attention to detail in all work.       
• Team orientation, collaborative and tactful with good presentation skills.        
• Exceptional interpersonal skills able to build effective relationship and clearly communicate results with senior level executives both verbally and in written form.        
  
  

Good to know

This is a hybrid role which will require 2 days a week at our Ty Awen office, Newport. 

Benefits

As well as a market competitive salary, 33 days annual leave (pro rata, including public holidays), we offer a range of employee benefits and rewards including:

 
•             Option to buy additional annual leave up to 5 days per year
•             Enhanced employer pension contributions – Up to 11% employer contributions
•             Free Mortgage Brokering Services 
•             Enhanced family friendly policies
•             Progression opportunities, including the ability to apply for funded training and coaching and mentoring programmes
•             Gym and fitness discounts as well as high street shopping
•             Cycle to work scheme
•             Discount off all Welsh Water visitor attraction centres and gift shops
•             Car-leasing scheme and free on-site parking at all sites
•             Health CashBack scheme and access to an online GP service
•             An employee assistance programme for employees and their immediate family
•             Many more can be found here!  

 
 
Whilst also working for a not-for profit company that truly cares about earning the trust of customers everyday, and about looking after our beautiful environment
 
 
Please note, we may close this role sooner if required. We may also extend the original closing date depending on interest.
 
Due to the nature of the industry, we require satisfactory references, post offer medical clearance, and a criminal records Basic Disclosure check on all new employees joining the business. For some roles there may be additional checks and security clearance required, and this offer is subject all checks being satisfied. You will receive further information on how to complete these checks via email once you have accepted this offer.

Who we are

Dŵr Cymru Welsh Water keep 3 million people healthy each day with safe, reliable water, and take away wastewater to clean, before returning it safely to our beautiful rivers and seas.

To be able to deliver high quality, essential services which help to protect the health of our customers, colleagues and our environment, we need the right people to deliver on our vision.  This is achieved by living our core values and demonstrating the core behaviours that underpin them.  The security of our people, assets and information is key to us, so we are looking for people who understand and comply with the company’s required security objectives.

We know that the most successful teams are the most diverse teams. Equality, diversity and inclusion provide the very foundation to our culture at Welsh Water. We want every individual to feel confident, proud and able to bring their whole selves to work. 

To ensure an improved representation in our workforce, applications are particularly welcome from minority groups including Black, Asian and Minority Ethnic people, Females, LGBT+, Non-binary and people with disabilities. Together we continue to build a workplace that not only celebrates the diverse voices of our colleagues but also represents each customer we serve.

In essence, ours is a company based on trust, openness, respect, commitment and honesty. A company that our colleagues are proud to work for.