Finance Manager - Rates & Government Accounting; Defence

Job Title: Finance Manager - Rates & Government Accounting

Function: FINANCE

Duration: Permanent

Hours
:
Full time 37 hrs

Location(s): Harlow (Essex) or Glenrothes (Scotland) with Hybrid working with a minimum of 2 days a week on site.

Security Clearance Requirements: SC Eligible

Raytheon UK

• Owning Long Range Plan (LRP) and Annual Operating Plan (AOP) rates (absorption costing) cycles

• Developing and calculating, for all rate decks:

• The estimated and actual costing and pricing overhead and G&A rates that will be used to price bids and be charged to backlog contracts

• The estimated and actual average labour rates that will be used to price bids and be charged to backlog contracts

• Drive collaboration, focusing on outcomes, with Business Programme Finance (BPF) to maximise recoverability of R&D and bid costs through rates

• Effective problem solving and investigation skills are essential in providing solutions to unstructured challenges, such as new ways to perform strategic pricing

• Be the single point of contact for rates analysis/reporting/queries. Developing and managing key relationships to deliver outcomes, such as:

  • Liaising with Business Programme Finance (BPF) to understand all business labour, material, ODC, subcon, R&Os, and investment (NBI, CFR, inventory) drivers of the recovery position

  • Liaising with Senior FM - Functional Business Partnering to understand all functional labour, utilisation, headcount and indirect cost drivers, R&Os, disallowables, depreciation, Corporate Brochure, RDEC and average labour rate impacts to the recovery position

• Providing BPF and FP&A with recovery forecasts/budgets and R&Os, along with detailed analysis, to support pre close, close and AOP/LRP planning cycles:

• Calculating under/over forecasts for all rate decks, for all forecast/budget cycles incorporating business, functional and Central Finance inputs

• Owning the consolidated R&Os register for rates (functional and business inputs)

• Regular partnering with Mission Area Leads / BPF to ensure that the recovery analysis provided is well understood, including:
  • Owning and briefing Marketing & Selling recharge to the Business
  • Owning and briefing disallowables recharge to the business

• Own ad hoc rates exercises, e.g. mid-year reforecasts. Responsible for managing net recovery what-if scenarios on changes to functional forecasts or business COS forecasts.

• Creating Leadership Team (LT) ops reporting for rates

• Owning control tower submissions

• Creating speaker notes for LT Ops

• Owning rates Power
  
  BI dashboard. Ensuring it is maintained, reconciles to source systems, is continually improved, etc

• Maintaining COGNOS rates model. Collaborating with DT to ensure availability, and that system always reflects latest rate deck structure, e.g. allocations

• Owning systems related roll-out of new rates, e.g. SAP, PMX and COGNOS implications

• Supporting the implementation of new Finance Systems and associated processes as it relates to functional forecasting and rates

• Ensure RSL's financial compliance with the Defence Reform Act (DRA) and Federal Acquisition Requirements (FAR) throughout the contract lifecycle, from bid to close out

• Own RSL's relationship with CAAS (UK MOD Auditors)

• Own RSL's relationship with the Single Source Regulations Office (SSRO)

• Own RSL's relationship with the Defence Contract Management Agency (DCMA)

• Be the single point of contact for CAAS, SSRO and DCMA:

• Manage, review and submit all reporting to these bodies, including, but not limited to, rates reporting, programme reporting and SME/Supplier Reporting
• Manage, review and submit all responses to requests from these bodies, including all audit activity
• Manage, review and submit all consultation responses to the SSRO

• Coordinate all programme reporting and programme audit activity with MOD

• Ensure that Finance, Commercial (and other functions as appropriate) are fully trained in all compliance issues

• Be the RSL SME for all DRA, FAR and reporting queries

• Attend industry groups, e.g. DSAG, to ensure that RSL are fully up to date with changes in the regulatory environment and that RSL interests are accounted for in industry responses to…