Financial Planning Analyst

at  Ontic

Financial Planning Analyst
Ontic, a leading licensor and manufacturer of complex engineering parts for the global aerospace and defence industries, are now recruiting for a Financial Planning Analyst to join our team.
Ontic is a more than just a business, we’re a community of innovators who pride ourselves on fostering a culture where talent thrives, ideas flourish, and careers are built. We’re committed to excellence, driving us to continuously improve and adapt, ensuring that we remain at the forefront of our industry.
Role Summary:
Responsible for the control of core financial operational processes in particular revenue, cost of sales and royalties to ensure the integrity and reliability of monthly financial outputs from the FP&A team. This will be demonstrated by way of timely, accurate and informative month end information which can help senior management and the wider business to understand key performance drivers.
Additionally, the role will look to identify any new informational needs in the business with the purpose to collect, analyse and report such information in order to support management in the decision-making process, enabling the development of strategic and financial plans.

Main responsibilities:

• Preparing for and attending weekly flash forecast meetings to assess the latest financial position of the company.
• Attending operational walkround meetings to see where finance can positively impact the business taking relevant actions where applicable and making them happen in a timely manner.
• Posting and reconciling items that relate to revenue, cost of sales and royalties, including both P&L and B/S nominals
• Support the accurate maintenance and analysis of B/S, P&L, cash flows and other reports to summarise current and projected financial position of the company.
• Supporting Customer Programme Managers to understand the financial performance of their Value Stream to support their decision making process.
• Support the organisations budgeting and forecasting process, including but not limited to data gathering and analysis to feed into site and group reporting.
• Production of the management report pack by working day 5, including a full analysis of financial information, detailing variance to budgets, forecasts, and prior year.
• Ensure that appropriate internal and external controls and financial accounting standards are adhered to in the preparation and completion of month end journals and reports to safeguard business assets.
• Supporting the company’s annual audit process by maintaining accurate and detailed audit trails and supporting audit queries.
• Ensure all reporting information is relevant and accurate by making sure that reports are reviewed and amended regularly to reflect changes in the business’s informational needs.

Other Responsibilities:
Adhere to legislation governing employment, including but not restricted to; health and safety, data protection, equal opportunities ensuring compliance with local policies and procedures.
Comply with statutory requirements and regulations and Company policies.
Undertake such other duties commensurate with the role that may be required from time to time.

Knowledge, Skills and Experience

• Part Qualified or studying toward full accountancy qualification e.g. (ACCA / CIMA) or equivalent professional qualification.
• Minimum of 2 years’ experience in a large multinational company.
• Strong System capability and Advanced Excel Skills (lookups, pivots etc.).
• Experience of complex financial models and analysis of large data sets.
• Ability to communicate confidently at all levels and be able to explain financial information to both financial and non-financial audiences.
• Able to establish and develop business relationships across all functions.
• Able to embrace and actively support change in a rapidly progressive organisation.
• Aptitude to work effectively under pressure and prioritise own workload to meet deadlines.
• Demonstrates the ability to work within the broader business context, but also provides the practical application to “Get the job done”.

Key Working Relationships:

• Regular contact with the Senior Management Team and wider finance team.
• Regular contact with operational staff.
• Regular contact with Global Stakeholders Ontic US & Ontic Singapore Finance
• Suppliers – supporting IPT Team & Pricing Audits

Benefits
At Ontic we care about your financial, physical, and mental wellness so we offer a range of benefits to support this, we care about what matters to you and have a valued culture of recognition and empowerment, accompanied by benefits that support work/life balance.

Our benefits package highlights include:

• Up to 37 days paid leave
• 10 hours paid volunteering time
• Annual goal share bonus scheme for all employees
• 24/7 Employee Assistance Program (EAP)
• Discounts and offers from a range of retailers

Best place to work

We are more than the sum of our parts. And we’ve been recognised internally and externally for being so:

• We were ranked #9 in Best Companies’ Q3 leaderboard for Best Manufacturing Company based on our employee feedback
• 72.5% of employees who took part in our 2023 employee satisfaction survey said they are proud to work at Ontic

No day is the same at Ontic; we have doubled in size over the last couple of years and are still in rapid growth. We attribute our success to empowering colleagues to create the opportunity, fostering an environment of autonomy where we ask for forgiveness, not permission.
Our values

Our values are intrinsic to everything we do:

• We share a common sense - we’re a global family of specialists with a shared passion for precision.
• We have the freedom to choose - we’re challengers and innovators with the freedom to think differently and challenge the status quo.
• We create the opportunity - we’re change-makers with a clear direction and can-do spirit.

We are a fast-paced business with ambitious growth plans; so if you are dedicated, enthusiastic and always seeking ways to improve, you’ll enjoy a career with us!
We are a fast-paced business with ambitious growth plans; so if you are dedicated, enthusiastic and always seeking ways to improve, you’ll enjoy a career with us!
We are a fast-paced business with ambitious growth plans; so if you are dedicated, enthusiastic and always seeking ways to improve, you’ll enjoy a career with us

• Preparing for and attending weekly flash forecast meetings to assess the latest financial position of the company.
• Attending operational walkround meetings to see where finance can positively impact the business taking relevant actions where applicable and making them happen in a timely manner.
• Posting and reconciling items that relate to revenue, cost of sales and royalties, including both P&L and B/S nominals
• Support the accurate maintenance and analysis of B/S, P&L, cash flows and other reports to summarise current and projected financial position of the company.
• Supporting Customer Programme Managers to understand the financial performance of their Value Stream to support their decision making process.
• Support the organisations budgeting and forecasting process, including but not limited to data gathering and analysis to feed into site and group reporting.
• Production of the management report pack by working day 5, including a full analysis of financial information, detailing variance to budgets, forecasts, and prior year.
• Ensure that appropriate internal and external controls and financial accounting standards are adhered to in the preparation and completion of month end journals and reports to safeguard business assets.
• Supporting the company’s annual audit process by maintaining accurate and detailed audit trails and supporting audit queries.
• Ensure all reporting information is relevant and accurate by making sure that reports are reviewed and amended regularly to reflect changes in the business’s informational needs