Cash Forecasting and Reporting Analyst - 12M FTC

Milton Keynes
Competitive plus benefits
16 May 2019
12 Jun 2019
Contract Type
Full Time

Cash Forecasting and Reporting Analyst - 12M FTC

At Sainsbury's Argos, the great digital transformation is under way. It's our aim to become the digital market leader in choice, value and convenience, so our Finance teams are more important to us now than ever before. They're the people who provide support across the business and help make the crucial decisions that will allow us to develop into a leading digital retailer.

Sainsbury's Argos is at the heart of the Group's growth strategy. Since joining Sainsbury's, Argos has revolutionised the way we do business, bringing expertise, technological innovation and hugely talented people to the team. We have outperformed the market in a number of our key business areas by presenting customers with convenience, choice and value. As well as opening c.280 Argos stores in Sainsbury's supermarkets, customers can also pick up their Argos and Tu clothing orders from 320 collection points in our supermarkets and Convenience Stores, where customers can also collect eBay and DPD parcels. Our own delivery network is also breaking new ground. We are the only retailer in the UK who can deliver to 92% of UK postcodes within four hours.

Role Overview:

Cashflow is an area of high focus and this role plays a significant part in influencing decisions involving cashflow. The role will co-ordinate, analyse and validate the Corporate view of our Balance Sheet, Statutory cashflow and Direct cash position, responsible for the planning and supervision of the cash forecasting cycle, management reporting and analysis. You will be responsible for Statutory Cashflow forecasting and reporting and will work closely with the team to ensure a robust process is adhered to and the accuracy and integrity of forecasts is maintained and improved. You will deliver the financial plans for Sainsbury's Argos - budgets, forecast, strategic plan and reporting, ensuring that this is co-ordinated and that people from across Commercial and Trading Finance are aware of what to deliver and when. The role will work to improve the understanding of our Balance Sheet & the processes and controls surrounding it, working with a wide array of finance & non-finance personnel from across Sainsbury's Argos to ensure best practice and strong controls.

As Cash Forecasting & Reporting Analyst your responsibilities will include:

Maintain and continue to improve the way in which the Sainsbury's Argos business understands, forecasts & analyses the Balance Sheet and Cashflow Statement.
Work closely with the Cash Forecasting and Reporting Assistant Analyst and Cash Forecasting and Reporting Associate to ensure the statutory cashflow story is aligned to that provided in the Weekly Direct Cashflow reports. Ensuring all financial statements are triangulated in the forecasting process will be key to make this happen.
Delivery of key financial planning cycles for the balance sheet and cashflow including budget, forecast and strategic plan. This will include management of the timetable, setting up appropriate review meetings and co-ordination of all the inputs. Responsibilities include validation of the inputs, sense checking of the numbers and managing the iterations of the plan. It is essential that at any point in time versions can be re-instated and that a phased view of the plan is available.
Gaining agreement on the Balance Sheet numbers to be used in the financial plans. This includes the management of views from all the respective Analyst teams & Managers. These will be co-ordinated and reconciled into a single version that the business can buy into.
Reconciliation of the cash spends on assets, ensuring consistency with published numbers. Understanding the relationship between the balance sheet movement and cash is critical. This role will provide reconciliation and validation of the numbers for the business.
Preparation of presentations is an important requirement of the role. This will include co-ordinating the inputs from relevant teams across the business, ensuring consistency of the information, ensuring that the presentation tells the right "story" and manages the conflict between these areas. In budget and forecast preparation time this will form a major part of the day to day activities of the role holder, including producing FD and Exec pack presentations, Redbook pages, Balance Sheet packs and Weekly cash packs.
Continuous improvement of the processes that are involved in financial planning. This includes those that extend beyond the finance community such as Stock control, trading and distribution operations. This role must ensure that the balance sheet planning and reporting processes can be responsive and flexible to the business needs and includes ad hoc activity to support the balance sheet analysis process.

Your skills & experience will include:

Graduate calibre, qualified accountant with 1-3 years PQE.
Experience of cash forecasting is not essential, but a working understanding is required.
Commercial understanding and being able to understand the implications on the business of its Cashflow.
Must be a self-starter with the initiative and drive to take Cashflow forward and to pre-empt questions or flag risks/opportunities.
Ability to communicate well across finance and with key stakeholders.
Should be a team player, getting involved in non-Cash related activities, seeking to build relationships within Business Planning and the wider finance community.
Ability to co-ordinate information from multiple data sources and individuals whilst maintaining consistency.
Ability to work accurately and to tight deadlines in a dynamic environment.
Strong systems & analytical skills inc Excel & PowerPoint.
Possess good presentation skills (being able to logically layout data for presenting).
Experience in the preparation of presentations would be an advantage.

What you'll get in return:

If being part of a hugely influential Finance team wasn't enough, you'll also receive a host of great benefits. As well as a competitive salary and bonus scheme you will receive a huge range of learning and development opportunities, holiday allowance, a save-as-you-earn scheme, pension and staff discounts at Argos, Sainsbury's and Habitat.

We know that candidates may be put off applying for a job unless they can tick every box. We also know that 'normal' office hours aren't always doable, and while we can't accommodate every flexible working request we are happy to be asked. So if you are excited about working with us and think you can do much of what we are looking for but aren't sure if you are 100% there yet why not apply and see how it goes?

Here at Sainsbury's Argos we're a proud equal opportunities employer that values diversity at every level of our business. Inclusion and Diversity are fundamental to our culture and values, fostering an innovative, collaborative and fast paced work environment that means we can build a better future for our colleagues and our customers. Everyone is welcome at Sainsbury's Argos. Want to find out more? Then visit our Diversity & Inclusion page on our Careers site -

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