Finance Manager - Rates & Government Accounting; Defence

Finance Manager - Rates & Government Accounting

Date Posted:

Country: United Kingdom

Location: GBR
01:

Harlow, Essex, Kao One, Kao Park, Harlow, CM17 9NA

Position Role Type: Unspecified

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

At Raytheon UK, we take immense pride in being a leader in defence and aerospace technology. As an employer, we are dedicated to fuelling innovation, nurturing talent, and fostering a culture of excellence.

Joining our team means being part of an organisation that shapes the future of national security whilst investing in your growth and personal development. We provide a collaborative environment, abundant opportunities for professional development, and a profound sense of purpose in what we do. Together, we are not just advancing technology; we're building a community committed to safeguarding a safer and more connected world.

A key role supporting the Head of Finance - Operations to deliver business advice and coordinated management of rates and government accounting. It will directly impact the profitability and competitiveness of the organisation and cuts across all functions and business, offering a wide exposure to senior leaders on both tactical and strategic issues.

Owning senior leadership team relationships and leading and owning output of a team of experienced professionals that are responsible for:

• 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…