Location:

Brook Green (West London)

Business:

Virgin Management Ltd

Contract Type:

Full Time

Closing date:

28/11/2009

The position is part of the VML Finance Team and reports to the VML Finance Manager (Budgeting, Forecasting and Management Reporting).
This is a key customer facing role and will be one of the most important positions in the future success of the VML shared service offering.  The position supports the VML Finance Manager (Budgeting, Forecasting and Management Reporting) in budgeting, forecasting and management reporting for VM Entities and for producing monthly consolidated management accounts. 

Reports to The VML Management Reporting Accountant will report directly to the VML Finance Manager (Budgeting, Forecasting and Management Reporting).
Stakeholders & Direct Reports Key Stakeholders
• VML, VUSA, VMAP, VGHL, VGIL, VMSA, VEL, Unite, Charter Air (“VM Entities”) Directors and Function Heads
• Virgin Group Directors
• Group Treasury
Direct Reports
• None

Role Objective The position will support the VML Finance Manager (Budgeting, Forecasting and Management Reporting) in:
• Supporting function heads and Directors of the VM Entities in preparing annual budgets and with the ongoing budget management processes including producing and communicating budgets, regular budget reviews etc.
• Producing consolidated budgets for VM Entities
• Cash flow forecasting
• Quarterly re-forecasting
• Performing project accounting activities i.e. business case development, project proposal evaluation and expenditure tracking
Key Roles & Responsibilities VML
• Produce an annual budget of income, costs and capital expenditure is produced for all VML cost centres in accordance with the agreed Annual Budget process
• produce a quarterly reforecast of income, costs and capital expenditure is carried out and produced for all VML cost centres
• Produce monthly management accounts for all VML cost centres

Other VM Entities
• Consolidate the annual budgets from VM Entities into a report to be agreed by the Group CFO and distributed to Group Management
• Consolidate quarterly re-forecasts from VM Entities for review by the Group CFO and distributed to Group Management
• Produce monthly consolidated management accounts
• Provide ad hoc support to VM Entity accountants as appropriate
Team Responsibilities  Stakeholder Management
• Ensure that relationships with key stakeholders are managed and maintained
• Work cross functionally wherever appropriate to maximise success of business
• Work with the Group Tax and Treasury teams to ensure appropriate levels of support in tax compliance and treasury activities.

Policies and Processes
• Ensure that all applicable processes and procedures are adhered to
• Ensure consistent quality of deliverables
• Ensure that the (internal/external) customer experience is considered at all times
• Comply with the Company Handbook, people policies and other published procedural guidance, such as equal opportunity, time away from work, resolving problems etc
• Be responsible for complying with the appropriate information security standards and guidelines and to take all reasonable precautions to protect the information accessed or used in your work.

Management and Reporting
• Provide accurate and timely information to feed in to regular reports produced by the Group Finance team for key stakeholders
• Protect the confidentiality and integrity of VML/ the group.

Planning & Resource Management
• Ensure that activities are aligned to the Global Finance department Strategy
• Ensure that key projects are planned and communicated effectively to optimise delivery
• Ensure that activities are prioritised in line with business needs.

Career Management
• Be responsible for managing own career development to ensure you are able to effectively support their customer and have the right Business knowledge to do your job.

Budget & Financial Management
• Be responsible for providing information to feed into the annual budget setting activities led by Department Head
• Be responsible for working within agreed budgets
• Ensure invoices and expenses are submitted and approved on a regular and timely basis
• Work to the principles outlined in the VML Expenses policy.

Culture
• Consistently champion the Virgin brand values, people values, Unite and Corporate Social Responsibility initiatives, demonstrating the vision for others acting as a role model both within the Group and externally.
Experience The role holder must be able to demonstrate the following knowledge and experiences:
• Financial planning and analysis experience
• Management reporting
• Strong technical accounting skills and knowledge
• General operational accounting experience
• Demonstrable experience of supporting Senior Management in managing the financial performance of Operating Companies
• Advanced user of Microsoft Excel, Word, Outlook
Key Skills • Excellent and confident communicator.
• Enthusiasm
• Focus on delivering to agreed deadlines
• Self starter and self motivator
• Commercially astute in supporting Senior Management
• Persistent
• Good organisation and management skills
• Understands the detail and able to work with Senior Management on improving financial performance
• Customer Service focused
• Personable
Qualifications • Degree qualified, or equivalent
• Part-qualified accountant (ACCA, CIMA) or newly qualified

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