We are open to this role being based at either HQ Hemel Hempstead or London Blackfriars
The individual will be part of the Business Solution team for the Division, in particular, the process owner and SME for the Division鈥檚 consolidation system (Onyx) Oracle Hyperion. They will ensure the process is suitable and continuously look for ways to improve and make it more efficient for monthly submission and consolidation. They will be the functional lead to steer and support to our local teams during submission (and other times) when required.
The individual will work closely with the Head of Business Solutions, the Divisional Financial Controller, the global finance team, and IT support teams.
- Process Ownership and Governance
- Process Driver: Define the financial reporting consolidation mechanism, how the process and it provides the global deliverables, where the value lies for our internal customers, and hence what good should/could look like.
- Business Engagement: Engaging key stakeholders who are responsible for, and are customers of the process today to understand pain points, areas of improvement etc.
- Documentation and Standards: responsible for creation and maintenance of Process documentation, policies, controls, desktop procedures.
- Governance: Put in place the right measures, metrics and review forums to manage the ongoing performance of the process. Create processes and controls to manage change requests. Manage and resolve divergences to standard process.
- Design and Improvements
- Identifying source systems for manual data enhancements and improving mapping to eliminate the need for manual intervention in monthly and half yearly reporting including supplementary analysis.
- Design and manage functional dimensions and maximise opportunity for appropriate granularity that is fully utilised and consistent across entities to harmonise reporting and all new accounts are properly populated (e.g. split of other payables/receivables, bonus analysis, full suite of KPIs), with any further enhancements, or developments identified.
- Designing and implementing the strategic plan process into Onyx to improve quality of longer-term business plans and enabling scenario and what-if sensitivities.
- Continuously identifying and implementing improvement opportunities to enhance Onyx and make process more efficient and easier for our entities. (e.g. speeding up consolidation time, rebuilding forms to make more user friendly)
- Evaluation of all changes, including verification that there is no undesirable financial impact on the reporting, and the financial integrity of the consolidation system remains intact
- Ensuring budgeting, forecasting and actual reporting is embedded across all entities, (using full benefit of approval and version control within Onyx) and ensuring maximum use of functionality available where applicable, including trend and driver-based planning, target setting and what-if analysis.
- Reviewing the current reporting of KPIs in Onyx and analysis performed, with a view to identifying improvements and updating based on definition changes
- Over month end close
- Being the SME for all Onyx (Oracle Hyperion) related issues
- Providing functional support to all entities across the Division over the month end period.
- Supporting and resolving validation issues during the submission process, meaning entities submit monthly results in a timely manner
- Outside of month end close
- Being the SME for all Onyx issues and providing functional support to all entities across the Division. Including, but not limited to, answering questions on mapping updates, and analysis of data issues to determine if a process fix, data fix, or process re run is required.
- Validating BAU requests to ensure they align with strategic plan for Onyx reporting and are the best way of achieving the BAU goal
- Ensuring that BAU changes are requested in full format and set up properly, meaning that new accounts, functions, and hierarchy changes are maintained and mapped correctly in Onyx.
- Ensuring testing is adequately performed after any change to Onyx has been made.
- Managing improvements and changes to Onyx so that their implementation is successful, and they don鈥檛 cause undesirable impacts elsewhere
- Provide support for other ad hoc requests and projects as identified