Senior Finance Analyst - Product Development

McLaren Automotive Ltd; Woking; On-site; GBP 65,000 - 95,000; Full time

Benefits offered by this job

Holiday allowance

Pension scheme

Bonus scheme

Private medical insurance

Life assurance

Sabbatical option

Discounted shopping

Parental leave

Wellbeing program

Job summary

McLaren Automotive Ltd in the United Kingdom is seeking a Senior Finance Analyst to own the financial business case for vehicle programmes, partnering across Engineering, Design, Launch and Vehicle Line Delivery to maximise ROI. This role also supports Cost Engineering and Purchasing for new programme BOM, ensuring broad impact across the business.

You will lead budgets, deliver month-end results, provide insightful reporting, and drive continuous improvements.

Qualifications

• Qualified accountant or equivalent with relevant accounting qualifications.
• Experience in managing and developing reporting with large data volumes.
• Strong system skills including SAP and MS Office, especially advanced Excel.
• Continuous improvement mindset with robust process improvements.
• Excellent interpersonal and networking skills for stakeholder engagement.
• Time management and organisational skills with adaptable working style.
• Self-starter who can work independently and in a team.
• Ability to work under pressure and deliver on time with accuracy.
• Willingness to challenge information and offer solutions.
• Desire to progress within the business.
• Ability to influence colleagues at all levels.
• Passion for the automotive industry.

Responsibilities

• Lead business partner for vehicle programmes, working closely with Programme Management, Functional Engineering, Design, Launch, Commercial, Cost Engineering and Purchasing to manage performance against programme targets throughout the programme gateways from concept to production
• Supporting the approval of budgets at shareholder level and driving accountability at budget holder level
• Managing budgets for Function Groups across Engineering and Purchasing, ensuring appropriate level of approval is obtained for capital spending and bill of material cost status.
• Delivery of month end results across areas above, including consistent and insightful reporting to directors, contributing to the monthly management accounts commentary
• Challenge stakeholders to drive accountability, as well as providing them with the tools necessary to track progress against their financial targets and most importantly, allow them to keep within agreed budgets
• Stimulate and deliver process and efficiency improvements
• Preparation of programme key performance indicator reporting across all aspects of programme profitability and presentation to senior leadership
• Preparation of monthly internal forecasts and quarterly forecasts for input into the wider business
• Responsibility for accurate forecasting and reporting of all spend, including insightful comparison to previous programmes to ensure we get best value for money. Control and maintain live register of risks and opportunities

Skills

Reporting skills

Excel advanced

SAP

Power Query

CI mindset

Stakeholder mgmt

Time management

Independent work

Attention to detail

Automotive passion

Influence others

Data analytics

Education

Qualified Accountant or equivalent (ACCA / ICAEW / ICAS / CIMA)

Tools

MS Office

Job description

What to Expect

As a Senior Finance Analyst, you will be overseeing all aspects of the financial business case for specific vehicle programmes. Managing, reporting and challenging Engineering, Design, Launch and Vehicle Line Delivery teams to optimise the return on investment. Working closely with the teams who design, develop and deliver our future luxury performance vehicles.

This role will also support the Cost Engineering Team and Purchasing function for new programme Bill of Material, meaning this has a very broad reach across our business and the ability to really impact our investment returns.

What You'll Do

• Lead Business Partner for vehicle programmes, working closely with Programme Management, Functional Engineering, Design, Launch, Commercial, Cost Engineering and Purchasing to manage performance against programme targets throughout the programme gateways from concept to production
• Supporting the approval of budgets at shareholder level and driving accountability at budget holder level
• Managing budgets for Function Groups across Engineering and Purchasing, ensuring appropriate level of approval is obtained for capital spending and bill of material cost status.
• Delivery of month end results across areas above, including consistent and insightful reporting to directors, contributing to the monthly management accounts commentary
• Challenge stakeholders to drive accountability, as well as providing them with the tools necessary to track progress against their financial targets and most importantly, allow them to keep within agreed budgets
• Stimulate and deliver process and efficiency improvements
• Preparation of programme key performance indicator reporting across all aspects of programme profitability and presentation to senior leadership
• Preparation of monthly internal forecasts and quarterly forecasts for input into the wider business
• Responsibility for accurate forecasting and reporting of all spend, including insightful comparison to previous programmes to ensure we get best value for money. Control and maintain live register of risks and opportunities

What You'll Bring

• Qualified Accountant or equivalent (ACCA / ICAEW / ICAS / CIMA)
• Experience in managing and developing reporting, comfortable with large volumes of data
• Strong system skills including SAP and MS Office, particularly Excel (Pivot tables, vlookups, Power Query, etc)
• Demonstrate a continuous improvement approach to work, including but not limited to, identifying areas for process improvements and implementing robust solutions.
• Excellent interpersonal and networking skills coupled with the ability to build strong and lasting relationship with internal stakeholders
• Time management and organisational skills, with an adaptable and flexible working style
• A self-starter who can work independently with minimal support but can also work in a team environment
• Able to work under pressure yet deliver on time with attention to detail and accuracy
• Confident in questioning the validity of information and in offering ideas and solutions
• Demonstrate an ability and desire to progress through business
• Ability to work with and influence colleagues at all levels of the organisation.
• Passion for the automotive industry
• Persistence and drive to get the job done

What We'll Do for You

• Structured career development framework
• 25 days' holiday, plus bank holiday. Annual buy & sell up to five days
• Enhanced company pension scheme
• Discretionary annual bonus award
• Private medical insurance and health cash plan
• Life assurance benefit
• Ability to apply for a sabbatical of up to one year after only two years' service
• Benefits you can adapt to your lifestyle, such as discounted shopping
• Generous parental leave policies
• A range of wellbeing initiatives, such as employee assistance programme and free financial & mortgage advice

Who Are We?

No restraints. No limitations. We don't simply push boundaries. We completely rethink them. McLaren Automotive exists to create breath-taking performance road cars.

It takes a community to do what we do. A diverse group of people with many areas of expertise, united by their passion to deliver visionary products and set new benchmarks.

McLaren Automotive commits to equal opportunity for all. Diversity, Equality and Inclusion is at the heart of our impact, it drives our innovation and enables us to truly create something special. Join us on our journey.