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Divisional Head of FP&A

Requisition ID:  60815
Business Unit:  E&E Divisional Costs (9499)
Location: 

ENG, United Kingdom, CV7 9JU

Joining our team means you’re helping to deliver our vision <<Enabling the Extraordinary – to fly, to power, to live>> - keeping the world flying with one of over 73,000 Meggitt-equipped aircraft taking off every second of every day; protecting countless lives with our technology, keeping those who put their lives at risk safer and ensuring that the lights stay on for millions of people worldwide.

 

With over 160 years of history, innovation’s at the heart of everything we do in our aerospace, defence and selected energy markets Our global approach to lean manufacturing is the driving force on our journey to operational excellence and our goal to provide the best technology, products and service to our Customers.

We’ll help shape your career and provide you with the right learning, development and growth opportunities; we’re working hard to create a High Performance Culture where we live our Values of Teamwork, Integrity and Excellence.

 

Enable your extraordinary. Join us and be part of our diverse Meggitt team.

Energy & Equipment

Through our Energy & Equipment division, Meggitt holds strong niche positions in energy, non-aerospace military and industrial equipment.

Role Summary

The Divisional FP&A Lead will play a key role in ensuring that all sites and product groups in the division have an effective planning structure and reporting process that allows management at all levels in the organisation to make optimal decisions and communicate results and forecasts to both internal and external customers / stakeholders. This will include managing all aspects of actual, forecast, budget and strategic planning processes, driving relevant process improvements and ensuring the divisional and Group requirements are met in a timely manner.

Core Responsibilities

  • Provides a consolidated divisional financial plan which meets the needs of divisional management and Group, ensuring clear variance explanations, sensitivity analysis, and R&O (risks and opportunities) analysis. Owns the budgeting and forecasting work process, and directs PG (product group) FDs accordingly.
  • Assists Division FD with the development of PG targets; tracks and forecast targets achievement through the year.
  • Owns the continuous improvement of the financial planning process for the division, and is a key contributor of the cross division/ Group FP&A team.
  • Responsible for delivery of monthly financial results information including ensuring the PG financial inputs are all complete, providing analysis and input for the Division President’s report, Finance Director’s report, Division Leadership review, and CEO KPI review.
  • Consolidates the monthly Flash and R&O reports, as well as other analysis, and reviews with FD and President, and communicates to Group.
  • Provides data and decision analysis support for initiatives with financial impact including but not limited to revenue growth, gross margin improvement, R&D programs, operating cost savings / productivity improvements, staffing plans, working capital improvement, and capital expenditures.
  • Provides data, business case modelling, and decision analysis support for acquisitions and divestitures.

Job Specifications

  • Qualified accountant (ACA, CIMA, ACCA)
  • >5 years FP&A / Commercial finance experience, preferably gained in a long term contracting, R&D driven, manufacturing environment, with expertise in preparation and communication / presentation of the following:
    • Budgets and forecasts
    • Business case models
    • Standard Costing and margin analysis
    • R&D investments (incl. balance sheet impairment of intangible assets)
    • Working capital analysis
    • Capital Expenditure analysis
  • Must be very effective at making connections across the organisation interfacing with non-Finance functions

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Meggitt is an equal opportunity employer and we are committed to developing an inclusive and diverse working environment. We believe that people from different backgrounds and beliefs define who we are as a business and that building a culture of respect and appreciation will give everyone the opportunity to recognise their full potential.

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