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Finance Manager

Finance Manager, Newcastle, £60-70K + £5,400 Car Allowance, 10% Bonus + Bens.

Degree educated, you should be a qualified accountant with experience of PFI Accounting, working in PFI concessions with strong financial modelling and be capable of interpreting the financial implications of complex contractual documentation.



The role:

As a Finance Manager you will:
With the support of the Head of Concession Finance, manage the financial affairs of a portfolio of company investments concession companies so as to optimize the value of investments, meet the IFRS and UK G P financial reporting requirements (to management, shareholders, clients and funders) and comply with statutory and regulatory obligations.

As a line manager support, motivate and inspire the leadership and development of the Concession finance team.

Responsibilities:

, Review the financial and operational aspects of concessions in conjunction with the Head of Concession Finance and Concessions Services team so as to optimise the balance of risk and return to shareholders.
, Line management of Company Accountant to deliver Concession Finance services to a portfolio of schemes, including overview of and involvement with as necessary:
, Monthly concession company reporting packages and ad hoc information to the shareholders;
, Financial reporting systems and procedures;
, Financial modelling;
, Cash management;
, Sales and purchase ledger accounting;
, Financial aspects of insurance matters;
, Where relevant, accounting for the company side of shareholder support arrangements;
, The conversion of UK G P accounts to IFRS and providing commentary for shareholder reporting purposes.
, Maintain detailed input to individual concessions as required supporting Company Accountants in line with risk appraisal and specific concession issues.
, Ensure the Company Accountants provide a clear audit trail and that supporting documentation and explanations are readily accessible.

Ensure transactions are processed accurately by the Company Accountants.
, Reviewing concession management accounts and monitoring the activities and results of concessions and their performance against budget.
, Support Company Accountants on treasury issues, such as debt-draw downs, injections of funds by shareholders, banking arrangements and maximising deposit returns.
, Assist Company Accountants with the compliance aspects of the corporation tax affairs of each concession company and liaison with external auditors
, Reviewing the draft statutory accounts of concession companies, produced by the Company accountants, including the application and disclosure of technical accounting practices.
, Preparing and reviewing annual budgets and periodic forecasts of concession companies including the application of technical accounting calculations.
, Preparing and/or reviewing the maintenance and update of half yearly financial models for reporting to lenders and ensuring optimal distributions to shareholders.
, Maintain and enhance the systems of internal controls over accounting and other management systems through written financial policies and procedures.
, Fulfil the contractual obligations arising out of concession agreements and bank facility agreements.
, Assist the Project Finance team w.r.t equity sales and refinancing and other shareholder optimization of concession returns.

This Finance Manager role is a hybrid position based in Newcastle and pays c£60-70K base + £5,400 Car Allowance, 10% Bonus + bens.




  • Start: ASAP
  • Rate: £60000 - £70000 per annum + + £5,400 Car Allowance, 10% Bonus + Bens
  • Location: Newcastle upon Tyne, England
  • Type: Permanent
  • Industry: IT
  • Recruiter: Definitive
  • Contact: Mark Revan
  • Tel: 01895 457 455
  • Email: to view click here
  • Posted: 2022-08-02 18:27:34 -

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