Home / Roles recruiting / Financial Data Analyst
Financial Data Analyst
£40,935 - £47,727 per annum*
Management Group: Finance and Corporate Services
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Department: Finance and Property
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Section: Strategy, Treasury & Pensions
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Reports to: Finance Manager Strategy
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Responsible for: The postholder is responsible for developing, implementing and embedding financial data analysis across the finance structure
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Functional links with: Deputy Director of Finance and Property, Financial and Technical Accountancy Team, Strategy, Treasury and Pensions Team, Finance Business Partnering teams, Corporate Performance and Strategy Team
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*Inclusive of choices flexible benefits of £2,436 per annum
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Main purpose of the job
The post-holder’s primary activities are:​
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to identify financial analysis models required to support the delivery and outcomes within the context of the Councils corporate plan and financial constraints.
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to develop a suite of analytics to be embedded into the finance teams
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to develop and implement a training programme on the use of data analytics across finance
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to identify the data held corporately to embed into the corporate financial planning modelling
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to develop a triangulation process between finance, performance and services
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to develop financial analytics which include comparisons with other local authorities and third parties
The post must work effectively with Finance and other colleagues to help develop a strategic and workable response to the financial challenges the councils face.
Assisting the Head of Strategy, Treasury and Pensions, Chief Accountant and Head of Finance Business Partnering with the full range of financial planning and financial advice services as appropriate.
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Major duties and responsibilities
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To embed the use of financial analytics in the overall closure of accounts process having regard to corporate timescales and appropriate quality standards, including assisting the business partner teams
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To lead on developing complex forecasting and modelling tools in liaison with service managers and to support corporate and strategic decision making
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Undertake complex budget modelling, sensitivity analysis and scenario testing as part of the development of the budget strategy, and other corporate and strategic initiatives.
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To contribute towards the Council’s financial planning function to deliver a comprehensive, high quality, cost effective and timely service, including the production of regular corporate budget monitoring and medium term financial strategy reports
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To continually improve levels of customer service, and recommend and implement ways to further improve efficiency and effectiveness of processes and procedures.
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To analyse and advise on proposals for spending, savings or other service and corporate initiatives.
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To participate in the development, review and dissemination of finance policies and procedures to the council.
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Ensure that senior managers, directors, members and other stakeholders receive correct and consistent financial advice on the interpretation of financial frameworks, policies and procedures.
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To lead, manage and motivate staff through excellent communication, professional guidance, support and development in accordance with the council’s policies and procedures.
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Contribute to the critical review of policy options and proposals to be considered during budget development and the MTFS cycle.
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To develop, review and disseminate financial control policies and procedures and complex corporate accounting activities as appropriate.
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To take a lead role in the analysis and financial interpretation of appropriate Government announcements and determinations.
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To establish and maintain contacts with potential partner local authorities, government departments, professional advisors and consultants.
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To carryout research into the financial implications of potential developments, funding streams or business operations; from a wide range of sources.
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Plans and co-ordinates a wide range of activities required to meet service objectives within and across finance teams.
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Job activities
Example outcomes or objectives that this role will deliver:
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Delivery of a suite of financial analytics to be used across the finance service to improve the accuracy of financial information
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Training the finance staff in the use of data analytics
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Development of a dashboard showing suitable and relevant financial information
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Person specification
Key: Essential (E), Desirable (D), Application form (A), Interview (I)
Education & Formal Training
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Part Qualified/Commenced studying towards a CCAB or Equivalent Relevant Finance Qualification or AAT qualified Qualified CCAB Accountant (E, A)
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Participation in Continuing Professional Development (D, A)
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Participation in Continuing Professional Development (E, A)
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Knowledge & Experience
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Accounting and budgetary experience and an understanding of accounting principles and standards, statutory requirements and relevant codes of practice. (E, A/I)
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Knowledge and understanding of financial planning, management and financial framework in a large organisation – preferably local government. (E, A/I)
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Good communication influencing and presentation skills and a pro-active approach to work, including identifying and resolving problems/issues. (E, A/I)
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Significant experience of complex financial modelling (E, A/I)
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Skills & Abilities
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Ability to interpret complex financial and non financial data/information, apply logic and judgement (E, A/I)
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Ability to work in a pressured environment with conflicting demands (E, A/I)
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Ability to work effectively within a team (E, A/I)
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Ability to work independently with strong problem solving skills (E, A/I)
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Advanced excel skills (E, A/I)
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Other Additional Requirements
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To deliver the service effectively, a degree of flexibility is needed, and the post holder may be required to perform work not specifically referred to above. Such duties, however, will fall within the scope of the post at the appropriate grade.
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Work in an agile way in line with a paperless and flexible work environment.
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Commitment to maintain professional and ethical standards
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