Finance Lead Analyst – Overheads Reporting

The Boeing Company; Bristol; On-site; GBP 50,000 - 70,000; Full time

Job summary

Boeing Defence UK is seeking a capable Overhead & Rates lead within their Financial Planning & Analysis team. This role involves leading budgeting processes and working closely with various functional figures while promoting professional growth and opportunities for ambitious candidates.

Benefits

Competitive salary and annual incentive plans

Continuous learning opportunities

Inclusive culture

Excellent Adoption and Parental leave options

23 days plus UK public holidays

Pension Plan with up to 10% employer contribution

Company paid BUPA Medical Plan

100% pay for first 26 weeks of sickness

Qualifications

• Experience in budgeting, cost absorption, variance analysis, and forecasting.
• Ability to distil complex financial information.
• Passion for people development.

Responsibilities

• Lead annual overhead and rates budgeting process.
• Liaise with the Ministry of Defence on rates performance.
• Compile monthly variance reporting for management reviews.

Skills

Financial acumen

Interpersonal skills

Excel modelling

Management accounting

Education

Professional qualification in CIMA, ACCA, ACA or equivalent

Tools

Microsoft PowerPoint

Job description

Job Description

At Boeing, we innovate and collaborate to make the world a better place. We're committed to fostering an environment for every teammate that's welcoming, respectful and inclusive, with great opportunity for professional growth. Find your future with us.

Introduction:

Boeing Defence UK (BDUK) are looking for a self-motivated and highly capable individual to take the role of Overhead & Rates lead within the broader Financial Planning & Analysis team of BDUK. In an increasingly competitive environment and a continuing emphasis on the cost control, the business requires this role to lead a small team focused on partnering with the BDUK business to deliver sustainable and measured cost performance across headcount, utilisation and indirect spend. This role will report to the Head of FP&A and Financial Analysis and liaise closely with both the UK & Ireland CFO to deliver against both functional and business objectives.

Position Responsibilities:

Key elements of the role include but not limited to the following:

• Responsible for leading the annual overhead and rates budgeting process, intrinsically linked to the business' Long Range Business Plan (LRBP) and growth aspirations. This process brings together both a finance focus but requires close partnering with key functional figures across the entire business
• Liaise closely with our Ministry of Defence (MoD) customer on the annual review of actual rates performance and extant forward rates agreements to determine updates where necessary. Support to the subsequent negotiation process is key in determining a mutually acceptable outcome for both parties
• Oversee the monthly period close requirements for Overhead & Rates, working closely with our Core Accounting team to ensure timely adjustments and accurate month end reporting
• Compilation of monthly variance reporting and forecast submittal into the management reporting packs and Business Performance Reviews
• Lead the team through the monthly business partner review meetings that ensure alignment on understanding current YTD performance, monthly actuals and key cost drivers in the forecast outlook
• Point of contact for key functional leads on the BDUK leadership team for any ad-hoc requirements that emanate from the business with regards to Overhead & Rates
• Play a key role in working with functional team members in the broader Finance and Commercial teams on driving process improvement/change and system capability enhancements

Preferred Qualifications:

• The role will require broad financial acumen and a firm grasp of management accounting methodologies across budgeting, cost absorption, variance analysis and forecasting. The successful candidate should hold a professional qualification in CIMA, ACCA, ACA or equivalent.
• Be proficient in excel modelling/data manipulation and hold the ability to distil complex financial information and data into simple and clear messaging for the business leaders. As a result, good use of management reporting tools (eg Microsoft PowerPoint) will be key
• A people person with excellent interpersonal skills and the ability to partner with the business across all functions and levels. Business Partnering is critical to the role and therefore the successful candidate will have the ability to exhibit this on a regular basis
• It will be key for the successful candidate to possess a passion for people development and invest the necessary time to develop the skills and experience of more junior members of the team
• The role will provide an opportunity to gain great exposure to both the Finance Senior Leadership team and the broader BDUK leadership team. The insight it provides into the broader business will ensure an ambitious individual can build a great career at Boeing. The successful candidate will therefore take pride in their own personal development and own their development plan to progress a career at Boeing in the future

The Boeing benefits package goes above and beyond, focusing on your physical, emotional, financial and social well-being. Here's a snapshot of what we offer:

• Competitive salary and annual incentive plans

• Continuous learning - you'll develop the approach and skills to navigate whatever comes next
• Success as defined by you - we'll provide the tools and flexibility, so you can make a meaningful impact, your way
• An inclusive culture - you'll be embraced for who you are and empowered to use your voice to help others find theirs
• Excellent Adoption and Parental leave options
• 23 days plus UK public holidays and a Winter Break between Christmas and New Year
• Pension Plan with up to 10% employer contribution
• Company paid BUPA Medical Plan
• Short Term Sickness: 100% pay for the first 26 weeks
• Long Term Sickness: 66.67% of annual salary from 27th week
• 6x annual salary life insurance
• Learning Together Programme to support your on-going personal and career development
• Access to Boeing's Well Being Programs, tool and incentives

Employer will not sponsor applicants for employment visa status.

Relocation:

This position does not offer relocation. Candidates must live in the immediate area or relocate at their own expense.

Work Authorization:

This requisition is for a locally hired position in the UK. Candidates must have current legal authorization to work immediately in the United Kingdom. Boeing will not attempt to obtain Immigration and labour sponsorship for any applicants. Benefits and pay are determined at the local level and are not part of Boeing U.S. based payroll.

Applications for this position will be accepted until Jun. 12, 2025

Export Control Requirements: This is not an Export Control position.

Relocation

Relocation assistance is not a negotiable benefit for this position.

Security Clearance

This position requires the ability to obtain a BPSS clearance.

Visa Sponsorship

Employer will not sponsor applicants for employment visa status.

Shift

Not a Shift Worker (United Kingdom)

Equal Opportunity Employer:

We are an equal opportunity employer. We do not accept unlawful discrimination in our recruitment or employment practices on any grounds including but not limited to; race, color, ethnicity, religion, national origin, gender, sexual orientation, gender identity, age, physical or mental disability, genetic factors, military and veteran status, or other characteristics covered by applicable law.

We have teams in more than 65 countries, and each person plays a role in helping us become one of the world's most innovative, diverse and inclusive companies. We are a Disability Confident Committed employer and welcome applications from candidates with disabilities. Applicants are encouraged to share with our recruitment team any accommodations required during the recruitment process. Accommodations may include but are not limited to: conducting interviews in accessible locations that accommodate mobility needs, encouraging candidates to bring and use any existing assistive technology such as screen readers and offering flexible interview formats such as virtual or phone interviews.