Government Finance Analyst - Submarines
// Role Summary
Join Rolls-Royce as a Government Finance Analyst in Bristol, UK, to ensure compliance and optimize returns on government business, supporting critical defence projects.
// Key Responsibilities
- Analyze and justify costs for government contracts across various divisions.
- Produce claims for estimated and actual cost rates for UK and US government contracts.
- Support annual audits with UK MoD and US DoD.
- Prepare statutory returns and provide technical SSCR support.
- Collaborate with cross-functional teams and government representatives.
- Contribute to continuous process improvement within Government Finance and SSCR.
// Role Specification
An exciting opportunity has arisen to join our Government Compliance Team at Rolls-Royce. This team's goal is to ensure that Rolls-Royce optimizes returns on Government business within laid-down conventions and regulations. The Compliance team integrates the Single Source Contract Regulations (SSCR) team and the Government Finance (GF) team to provide specialist financial advice to the business units. This enables compliance and the pricing of Government contracts in line with relevant legal and statutory regulations.
The Government Finance Analyst reports directly to the Government Finance Business Partner – Defence Aerospace. While based within the Submarines business, the role supports wider Rolls-Royce in understanding and justifying costs incurred across all divisions. The role will involve occasional travel to visit UK MoD and other sites such as Derby.
What you will be doing:
- Work collaboratively with the Government Finance Business Partners supporting Defence Aerospace, Submarines, Central businesses, SSCR Business Partners, and the US Government Finance team.
- Production of the UK Defence Aerospace claims for estimated and actual cost rates and additives, in support of pricing UK and US Government contracts. This will involve working cross functionally, with Projects/Programmes, Commercial, Operations, Purchasing, and Finance.
- Support annual audits with the UK MoD and US DoD of the actual and estimated cost rates and additives, including reconciliation to the Rolls‑Royce financial systems.
- Support preparation of statutory UK Cost Allocation Questionnaires (QMACs).
- Prepare statutory returns required in respect of Government business, principally those required by the Single Source Contract Regulations (SSCRs).
- Provide technical SSCR support to the Defence Aerospace business to include contracting and pricing advice, liaison with Commercial teams, as well as administration of the MoD’s reporting system on behalf of the Bristol teams.
- Maintain a positive working relationship when interfacing with major customers: UK and US Government representatives, as well as internal stakeholders.
- Contribute to continuous process improvement, including transformation as it relates to Government Finance and SSCR.
- Undertake ad hoc exercises as determined by the Government Finance and SSCR Business Partners.
Who we’re looking for:
- Successful candidate must be part-qualified/qualified accountant or qualified by experience in cost and management accounting.
- Experienced user of key finance systems, including SAP, Oracle HFM/VBM. Strong Excel and PowerPoint skills.
- Effective communicator with representatives of external bodies, such as auditors from MoD, DoD, PwC, and the Single Source Regulation Office.
- Working knowledge of planning & reporting processes desirable.
- Demonstrate an ability to communicate complex messages in a clear and concise manner to senior management and across the finance function.
- Ability to prioritise and work under minimal supervision but also to work as an integrated team member, using initiative and original thought.
- Full training will be given in Government Finance conventions where required.