Product Financial Accountant - London

Product Financial Accountant (Project and Programme Accountant) - London (Hybrid)

We are at the heart of Royal Mail's future. Everything we are doing is striving to maintain and increase market share, whilst delivering our target plan revenue through the continuous development of product features and customer-driven propositions.

Are you a proactive, organised individual with excellent communication and analytical skills? Do you have Advanced Excel Modelling experience, with expert knowledge of business and financial analysis? Interested? More details can be found below.

Role Overview

Reporting into the Head of Product Viability Analysis, the Product Financial Analyst is responsible for producing viable data for product improvements, whilst providing regular executive analysis against agreed financial and non-financial metrics, managing and ensuring business unit adherence to RMG financial policy and compliance obligations and supporting inputs to the product investment budgets.

Key Responsibilities

• Be responsible for the development of commercial options on price, cost, and return on investment
• Support the Head of Product Viability Analysis to secure budget to deliver new and continuous improvements to product features and monitor performance
• Develop economic analysis for initiatives on the product roadmap and target operating model
• Model complex scenarios, sometimes using ambiguous or incomplete data from multiple sources, to provide product metrics, trend analysis, and benefits
• Manage the comprehensive composition and viability analysis of customer tender requests, including commercial contractual obligations
• Provide supportive role in the financial analysis of product market opportunities, sales, trends, and business value
• Provide input to product initiatives, including financial benefit modelling, evaluation of the economics, risks and issues, and commercial viability; ensuring requests are financially robust and adhere to the wider group policies & standards
• Manage the tracking of costs and product volume/revenue throughout product lifecycle in association with Product Tower Owners and Market Launch Managers
• Support compliance with business policies, processes, and standards obligations

Key Skills

• Expert in creating Excel models to analyse complex investment scenarios
• Requires expert knowledge of business and financial analysis
• Deep understanding of industry-standard policies, processes, and procedures related to investment
• Strong understanding of commercial value drivers

Experience

• Extensive experience in commercial or operational finance on complex programmes, supporting customer, commercial and product disciplines
• Proven experience of operating at senior stakeholder level with strong communication
• Ability to work in a dynamic environment that can have multiple priorities and with incomplete information to tight deadlines

Qualifications

Bachelor’s degree in finance or equivalent (e.g., professionally qualified accountant, business/financial modeler, etc.)

Benefits

Extra Benefits include:

• RMG Share Schemes: Partnership and matching share offer
• Family-friendly support: Enhanced maternity pay, paternity leave, adoption leave, and shared parental leave
• Discounts and offers: There are more than 800 offers to help you save on things like groceries, days out, holidays, and your household bills.
• Supportive and generous company sick pay
• Your Wellbeing: You and your family have 24/7 access to services and tools to help you get the most out of life, covering physical and mental health to financial and social support and advice. It’s free, and it’s for everyone.
• Lifestyle benefits: You can purchase a car, bike, home technology or mobile phone, or choose from a range of health benefits and insurance products. You make regular payments from your salary, and so could save on tax.
• Financial support: Information and services to help you manage debt and grow your financial knowledge, with debt consolidation & savings plans.
• Your peace of mind with Healthcare CashPlan, Dental Cover, Additional Life (life insurance) & Additional Life Partner, Hospital & Death Benefit Plans; Voluntary Critical illness & Voluntary Critical illness Partner
• Free & discounted RMG products: Free keep safe & redirection, partner discounts
• Free stamps at Christmas

Your Career in Safe Hands

At Royal Mail, we value our people and we want our people to be proud to work for our businesses.

We have the assets, the infrastructure and the scale that others don’t, yet we are a big part of the communities we operate in, making billions of precious deliveries each year. We are responsible for the largest B2B customer database in the UK and are one of the largest employers in the UK, providing one in every 194 jobs.

An operation of this size needs a strong support network, and the HR, Legal, Finance, IT, Risk & Governance, Customer Experience, Sales & Marketing departments are all integral to helping us to utilise the latest technology and business approaches to optimise, automate and digitise our operations.

Royal Mail is a forward-thinking, innovative organisation, that is also committed to reducing emissions and improving air quality in our communities. This includes investing in technologies such as electric vehicles, drones, alternative fuel trucks and energy improvements to our estate.

Next Steps

The next stage of the selection process will be an interview consisting of competency-based and role-specific questions. We plan to hold interviews in the middle of October. Trust forms the foundation of everything we do in Royal Mail. We want to be transparent about what kind of qualities we are looking for and build trust from the very beginning of your journey with us. The first step is your interview, and we mean ‘your’ interview. We want to give you the opportunity to shine. To enable you to do this, we will provide you with your interview questions ahead of the interview taking place. This will allow you time to prepare and ensure you have your best examples in mind. Royal Mail Group values both trust and our people.

Royal Mail is proud of our diverse employee network groups and the active role they play to support belonging and encourage a positive work environment. We are firmly committed to inclusion and passionate about our people representing the communities we serve.

We are happy to support your need for any adjustments during the application and hiring process. Please share the details within your application if required.

We are Forces family friendly and a Gold signatory to the Armed Forces Covenant. We welcome applications from ex-Armed Forces personnel, reservists, veterans, cadet instructors and military spouses/partners.

Closing Date: Sunday 29th September 2024. Please note, this advert may close early if the appropriate number of applications has been reached.