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Commercial, Policy & Finance

Commercial, Policy & Finance

Commercial, Policy & Finance

Financial Accountant
Financial Accountant

Carly Logue

  • Company:
    East Midlands Railway
  • Job title:
    Financial Accountant
Day to Day tasks
  • Group reporting (to owning group)
  • Balance sheet reconciliation preparation
  • Balance sheet reconciliation reviews
  • Vat return reviews
  • Preparation of periodic journals
  • ONS surveys
  • Preparation of other required documentation (such as insurance renewals, PSA return, analytical reviews)
  • Year-end work and assisting with external audit requests
  • Preparation of draft corporation tax computations
  • PO raising and Goods receipting
  • Fixed asset register maintenance
  • Capitalisation of completed CAPEX projects
Skills needed for this role
e.g., written and verbal communication, research skills, stakeholder relationships, data analysis

Good written and verbal communication skills, the ability to explain technical accounting issues to none finance members of staff.

Be able to build lots of relationships across the business with various departments whilst maintaining a level of professional scepticism

Be able to dig into data to discover reasons for change

My working environment
Office based
Pathways into this role

Completion of AAT followed by completion of ACCA or ACA whilst working in a relevant role

University degree followed by completion of ACCA or ACA

Education
e.g., GCSE
I have A-Levels which allowed me to commence level 3 AAT (funded by my employer at the time)
Best and most challenging things about this job

The best things about this role are getting to be involved in all areas of the business and there’s always lots going on. Most things require some level of finance input be that technical advice or payment advice.

There are also lots of opportunities to get involved with things outside of finance and learn more about the railway such as volunteering at stations, going on tours around the depot, fundraising and much more.

There is always something new to learn and every week there is a new request, question or challenge that I need to complete, there’s definitely no time to be bored.

The most challenging parts of the role is that to the wider business, me and members of the team should know and understand how everything works and advise accordingly and quickly, this role is essentially many things to many people. Quite often requests and deliverables are highly time pressured and juggling multiple deadlines can be challenging.

That said that is how I get to be involved in so many different areas and I can always rely on the support of my team to help with knowledge and ideas.

Senior Procurement Manager
 Senior Procurement Manager

Ruchiie Sehdev

  • Company:
    Avanti West Coast
  • Job title:
    Senior Procurement Manager
Day to Day tasks
  • Responsible for leading end-to-end sourcing of goods and services via public procurement, strategically managing and negotiating critical contract through supplier relationship management and contract management.
  • Act as a ‘Procurement sustainable champion’ at Avanti West Coast responsible for drafting, finalising, and implementing our Sustainable Procurement Policy
  • Leading the best practice working group for improved specifications within the organisation.
  • Responsible for an end-to-end understanding of the category and provide leadership and insight to the business on all aspects of market dynamics, regulatory framework, SRM, proactive governance and creative innovation.
  • Providing professional expertise and educating business stakeholders on key procurement strategies, policies, and procedures.
  • Responsible for negotiating supplier contracts, liaising with legal team, providing clarity on procure to pay process, establishing sustainable KPI’s and ensuring a consistent approach is followed through stakeholder mapping & engagement.
  • Achieving continuous improvement within procurement processes for key strategic contracts to ensure contractual risks are mitigated pro-actively & annual price creep is reduced.
  • Champion ongoing improvement & delivery of value addition in terms of savings quality & innovation via productivity partnership involving careful analysis of expenditure on key stakeholders & ensuring budgeted value improvements are proactively identified & implemented.
Skills needed for this role
e.g., written and verbal communication, research skills, stakeholder relationships, data analysis
Public Procurement knowledge, supply chain management, negotiation, contract management, cost management financial analysis, leadership, communication, and problem-solving abilities. Project Management and Business acumen are key into the mix.
My working environment
Dynamic, fast paced, office-based environment, often requiring travel to supplier sites and events. The role involves interacting with various departments/stakeholders (internal and external), including finance, legal, and operations, to ensure alignment with business goals.
Pathways into this role
Professional certifications, such as those offered by CIPS, Certified Professional in Supply Management (CPSM) or Certified Purchasing Professional (CPP) significantly helps to be a part of bigger Procurement Pool.
Education
e.g., GCSE

A bachelor's degree, especially in a related field like business, supply chain management, logistics or economics, is often a prerequisite. A master's degree can provide a competitive edge.

CIPS-Accredited Programs are mandated in a few organisations already.

Best and most challenging things about this job

Best Things – Networking, managing various relationship keeps the job engaging and exciting, enhance strategic thinking from time to time, lead on cost savings initiatives brining direct benefit to the organisation, driving risk mitigation and seen as a problem solver.

This field is experiencing significant growth and offers competitive salaries and career advancement opportunities.

Most challenging thing – The job can get monotonous from time to time i.e. repeating same procurement process over a period, face unforeseen challenges to uplift underperforming suppliers, reliance on inaccurate data at times, budget constraints to deal with and contract leakage is common if the contract is not managed well.

There are also many other rail roles in the Commercial, Policy and Finance category, such as Commercial Analyst, Legal Counsel, Business Development Officer, Cost Controller, Contract Manager, Finance Business Partner.