Senior Associate, Accounting
Location
Woking, Surrey | United Kingdom
Job description
At McLaren Racing, we believe only by chasing performance in everything we do can we give ourselves the best chance of success. Performance on track and in the factory. Performance for our people, our business and our partners. It’s about more than winning. It’s about hitting the highest standards, and then raising the bar again.
Purpose of the role:
To support the Finance Manager in the reconciliation and end to end maintenance of the overheads, with
a specific focus on travel costs and fixed assets.
As part of our continuous improvement, the role will be an important part in identifying and driving transformation within the finance function, in order to streamline and maximise resources.
Role dimensions:
- Supervision: This role involves second line support for the wider team.
- Work Arrangement: We have adopted hybrid working across the team; however, flexibility to work hours will be required to meet the operational demands of the teams that you support.
Principal accountabilities:
The post holder will be responsible for:
Daily tasks – 70%
- Support the Associate in reconciling hotel and flight bills, ensuring accurate coding.
- Prepare recharge accruals, ensuring proper coding before submission to the Finance Manager.
- Collaborate with the Travel team to identify process improvements and enhance operational efficiency.
- Ownership of prepayments and accruals schedule and ensuring correct amounts have been released on monthly basis.
- Oversee IT cost management in the P&L, ensuring correct allocation between Non-F1 and F1.
- Lead and oversee the fixed asset register, ensuring ledger completeness and accuracy.
- Assist the Finance Manager with completing monthly Balance Sheet pack and reconciling accounts.
- Contribute to the month-end closing process, including journal postings, reconciliations, and P&L commentary.
- Develop and optimise financial systems and processes to enhance departmental efficiency and task repeatability.
- Ad hoc tasks as required.
Financial reporting and analysis – 20%
- Assist with interim and year-end audits, ensuring timely response to audit requests and compiling requested information for submission.
- Lead month-end analysis of travel costs, explaining any variances against the budget.
- Review Overheads in P&L for consistent coding and proper approval.
Cost cap reporting – 10%
- Identify and escalate any control or process gaps, implementing improvements to minimise the risk of errors and non-compliance.
- Assist in the monthly coding review to ensure fair and consistent exclusion of costs.
- Support the submissions to the FIA and assist with ad-hoc FIA inquiries as required.
Job tags
Salary
