FP&A Analyst

Are you ready to make your mark in the world of Formula 1?

At Formula 1, we are passionate about delivering the world’s greatest sports and entertainment spectacle leaving a positive legacy wherever we race. Innovation has always been at the heart of what we do ever since our first Grand Prix in 1950. Now, more than 75 years on, the sport remains a pioneer, developing technologies that have made a significant impact on society beyond the track.

Everything you see on screen or at an event comes via our passionate and dedicated people. Whether its engineering, broadcast, legal, logistics, security, event management, commercial, media rights, marketing, or communications there is always a talented team working to maximise the potential of the sport.

We are recruiting for a Financial Planning & Analysis (FP&A) Analyst. This is an exciting opportunity for a driven, enthusiastic and dynamic FP&A professional to join the F1 Finance team. Reporting into the Head of Finance, this role will support the delivery of the Group’s annual budgets and quarterly reforecasts, internal reporting to various stakeholders, cost control and the analysis of variances between actual and budgeted expenditure.

This role provides a rare opportunity for significant exposure to a dynamic Finance environment in an iconic global sports entertainment business revolving around the world’s most widely watched annual global sporting competition.

• Preparation of annual budgets and quarterly reforecasts.
• Partnering with budget holders across a range of media, technical and logistics functions.
• Internal reporting to various stakeholders.
• Controlling expenditure and ensuring that it is incurred in line with approved budgets/forecasts.
• Analysing and investigating variances between actual and forecast/budgeted expenditure.
• Working closely with and supporting the Head of Finance, M&TC, and liaising with stakeholders across M&TC.
• Reviewing and seeking to enhance existing financial processes and procedures.
• Evaluating and advising on the financial implications of potential projects and investment decisions.

• Contributing to the preparation of the consolidated annual budget and cash flow forecast for the Group.
• Assisting with writing the Group budget management report.
• Reviewing departmental budget submissions, ensuring any discrepancies are resolved by liaising with the preparer and discussing with the budget holder/manager.
• Updating the GL with budget data.
• Liaising with and supporting staff in preparing their budgets.
• Ensuring a seamless transition to new fiscal years, including updating the Chart of Accounts, maintaining the new year’s codes in the GL and Procurement systems, closing down previous year’s codes and rolling forward the various financial reports.

• Assisting with production of the Group’s reforecasts based on most current information available.
• Assisting with writing the Group Reforecast management reports.
• Reviewing departmental submissions, ensuring any discrepancies are resolved by liaising with the preparer
• Updating the GL with forecast data.

• Completing various elements of the month end process, including analysing and investigating variances to forecast and budget, calculating month-end adjustments and reviewing activity for potential mis-postings or mistimed transactions.

• Assisting with the population of reports issued to various managers across M&TC.
• Meeting with managers to discuss performance.

• Working closely with staff across M&TC to ensure that their information and control needs are being met.

• Analysing Group and divisional budgets and forecasts against prior year / quarter.
• Preparation of financial reports and presentation thereof to senior management.
• Investigating/identifying improvements to financial reports on an ongoing basis.

• Provision of specific financial information to senior management.
• Ad hoc team project and development work.

• The position is located at Formula 1’s Media & Technology Centre in Biggin Hill.
• Occasional attendance at Formula 1’s head office in…