Commercial Accountant Job Scunthorpe area,England UK,Finance & Banking

The Commercial Accountant plays a key role in driving financial insight, supporting commercial decision making and monitoring and reporting on the financial health of the commercial entities.

The postholder will be the financial point of contact for the business functions of the commercial business within Ongo’s group of companies, which currently consists of Ongo Roofing Limited, Ongo Heating and Plumbing Limited and Trent Valley Electrical Services Limited.

The postholder will lead on all finance matters including financial reporting and financial control for each entity.

The role will require the postholder to provide well‑informed and considered financial and business advice around strategic decision making to support the organisation in making financially sound choices.

The Commercial Accountant will lead on identifying process and system improvements and will collaborate with colleagues across Ongo to introduce any enhancements identified.

The role requires engagement with other areas of the finance function, the business at all levels and external partners as required on such matters to provide a first‑class service to the Ongo group.

Main Responsibilities Commercial insight and decision making

Through regular contact, and site visits where necessary, develop a strong working relationship with relevant stakeholders within each entity
Partner with relevant stakeholders to gain a full understanding of how the component parts of each entity operate in order that accurate financial advice and support can be offered to all
To familiarise yourself with the commercial five‑year business plans and support the commercial managers to deliver against this plan.
To effectively communicate financial information in a way that is concise and comprehensible that allows for better decision making
To provide accurate and informative financial information to enable strategic decisions to be taken
To offer guidance and business acumen to assist in decision making
To review financial information, offer an appropriate interpretation and provide critical analysis
To recognise where further analysis is required and produce the necessary data and commentary to enable business decisions to be taken
To ensure the commercial staff feel supported and challenged on financial matters

Process improvements

To identify any areas where systems or process could be improved
To strengthen the effectiveness of existing systems, improve quality and consistency of outputs, introduce efficiencies, obtain best value and to reduce unnecessary workload
To work with the commercial managers to maximise the amount of relevant and accurate financial information that can be produced from the software packages in operation
To improve the information provided to colleagues, reduce complexity and ensure processes, information and reports are understood by all stakeholders
Support continuous improvement initiatives across finance and operations

Management accounting

To gain a full understanding of the drivers of income and expenditure to ensure actual results, year‑end forecasts and future years’ budgets are prepared accurately.
Produce, with the support of a Management Accountant, within ten working days of each month end, accurate monthly management accounts. To include:
A flash set of results within five working days of the month end
Profit and loss accounts, complete with supporting project reports, and balance sheets, including comparing the actual results to budget and forecast and reporting on the same
Review inter‑group trading and ensure the management accounts reflect an accurate position. Liaise with other members of the finance team to ensure inter‑group balances and transactions agree across the group.
Monthly statements of cash movements, including comparison with expectations
Meaningful commentary with variance analysis for all the above through liaison with key stakeholders to go forward to the Executive Leadership Team and board.
Critically evaluate and provide key data against the full suite of agreed KPIs.
Hold monthly meetings with the commercial managers to discuss the value of work done, costs incurred and resultant profitability on contracts,…