As one of the most recognised brands in the UK, Royal Mail has a broad range of products and services designed for both homes and businesses.
Royal Mail Group is the sole provider of the UK’s Universal Service. Along with Post Office Ltd, Parcelforce Worldwide and General Logistics Systems (GLS), Royal Mail is one of the four brands which make up Royal Mail Group Ltd employing around 163,000 people in the UK. Royal Mail is our letters and packages business, covering the whole of the UK for our one-price-goes-anywhere universal service obligation (USO). A trusted brand by customers and consumers we have over 360 years of heritage which we are rightly proud of. But there is also a massive future out there. The passing of the Postal Services act gives us the framework within which we can achieve key elements of our plan which is; 1. Modernise our operations. Significant progress has been made. There is much more to be done. 2. Sharpen our focus on our Customers. We need to put their needs at the centre of everything we do. 3. A fair regulatory deal. We should be treated like every other company. We are working hard to achieve this. 4. Innovate and come up with new ways of making money.
Job Purpose:
Lead responsibility for all financial aspects of the Media business area including profitability analysis, planning, performance management and forecasting of income streams, operational and other direct expenditure, and cash.
Key Accountabilities:
- Lead and support the performance management process for Media including the critique of balanced scorecards, and the evaluation of remedial actions
- Root cause analysis of monthly results and validity testing of proposed contingency plans
- Identification and testing of all risks and opportunities
- Management and co-ordination of all annual financial planning processes for Media including pricing
- Lead on ensuring Media product costing is correctly represented in the costing system, and product profitability understood and managed
- Financial support to the Media team in the delivery of major change projects
- Ensure product development supports robust revenue management
Key competencies:
- Qualified Accountant
- Good understanding of performance management and financial control processes
- Excellent influencing skills across a wide range of the organisation
- Strong presentation, communication and negotiation skills.
- Ability to explain complex financial issues clearly & concisely and make recommendations for improvement
- Understanding of business objectives and performance drivers
- Strong analytical skills
