Cost & Revenue Allocations Lead

Job Description

At abrdn, we empower our clients to plan, save, and invest for their futures.

Through the expertise, insight, and innovation of our team, we aim to help clients create more ways for money to make an impact. We set our sights on giving them more confidence to achieve their goals and more clarity about what they need next. And we focus on delivering outcomes that are more than just financial – by investing sustainably to build a better world.

About the department:

The Finance Operations Centre of Excellence plays a critical role in servicing our clients and providing key financial information for customers and stakeholders. Finance Operations owns the end-to-end Record to Report and Source to Pay processes. This includes defining the processes, managing the outsourced relationship/activities, and owning the control environment, including engagement with external audit. The Finance Systems and Change team own the Finance Systems strategy and roadmap, as well as providing all finance system administration and incident management services.

About the role:

The incumbent of this role will work closely with colleagues and key business stakeholders to support the Allocations and Transfer Pricing process, helping to ensure operational objectives are met. As the onshore Team Lead for Allocations & Transfer Pricing, responsibilities will include working with colleagues both on and offshore to deliver appropriate monthly cost and revenue reallocations across the business, as well as the forward-looking transfer pricing planning process, ultimately ensuring quality and delivery of insight and information.

Key Responsibilities:

• Review and challenge the monthly actuals cost and revenue TP process and subsequent output.

• Review and sign off on monthly reconciliations and other key controls.

• Oversee all steps involved in running the allocations and TP process, including any amendments made.

• Manage rule or driver updates with effective process and controls in line with Finance control policy.

• Support Allocation and Transfer Pricing projects impacting the Cost and Revenue process.

• Lead the Transfer Pricing Plan yearly process, providing insightful data and analysis when required.

• Manage stakeholders through the monthly process, effectively communicating material movements and answering queries on the reallocation output.

About the candidate:

The Cost & Revenue Allocations Lead will require a strong financial and analytical background, and be qualified with a recognised professional accountancy qualification (or equivalent).

• Ability to leverage market perspective when interpreting and communicating data.

• Excellent analytical ability with good attention to detail.

• Ability to prepare and deliver clear, concise, accurate, and effective written and verbal material/messages according to the needs of the audience.

• Strong application of IT skills, including the ability to construct and interpret financial models using Excel, and awareness of digital technologies.

• Demonstrates credibility with stakeholders through relationships, communication, influence, and confidence.

• Takes personal accountability for quality and delivery, possesses good time management skills, and is a self-starter able to work with minimal supervision.

We are proud to be a Disability Confident Committed employer. Therefore, if you have a disability and would like to apply to one of our UK roles under the Disability Confident Scheme, please notify us by completing the relevant section in our candidate questionnaire and one of our team will reach out to support you through your application process.

Our benefits:

There's more to working life than coming home with a good salary. We have an environment where you can learn, get involved and be supported.

When you join us, your reward will be one of the best around. This includes 40 days’ annual leave, a 16% employer pension contribution, a discretionary performance based bonus (where applicable), private healthcare and a range of flexible benefits – including gym discounts, season ticket loans and access to an employee discount portal. You can read more about our benefits here.

Our business:

Enabling our clients to be better investors drives everything we do. Our business is structured around three distinct areas – our vectors of growth – focused on our clients’ changing needs. You can find out more about what we do here.

We’re committed to providing an inclusive workplace where all forms of difference are valued and which is free from any form of unfair or unlawful treatment. We define diversity in its broadest sense – this includes but is not limited to our diversity of educational and professional backgrounds, experience, cognitive and neurodiversity, age, gender, gender identity, sexual orientation, disability, religion or belief and ethnicity and geographical provenance. We support a culture that values meritocracy, fairness and transparency and welcomes enquiries from everyone.If you need assistance or an adjustment due to a disability please let us know as part of your application and we will assist.