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Finance Manager - Milton Park, Oxfordshire

Milton Park , United Kingdom

Ref#: 9677250370

Date published: 21-Jan-2021

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Job Title: Finance Manager
Location: Milton Park, Oxfordshire

Role Purpose

This role is a partnership role with our Client MEPC and based on the client premises in Oxfordshire alongside the wider CBRE site team. Milton Park is a large business and science community in southern Oxfordshire. Acquired by MEPC in the mid 1980’s, it currently comprises 3 million sq ft of space let to 250 companies employing around 9,000 people. Its 2040 Vision masterplan sets out the potential for this to increase to 20,000 jobs over the next 20 years or so underpinned by the region’s fast-growing knowledge economy. 

Working closely with MEPC as client, CBRE have been appointed managing agent since 2015 and are now looking to appoint a new Finance Manager. Working alongside the site-based client, facility and surveying teams and in conjunction with CBRE finance team in Glasgow the Finance Manager will be responsible the financial administration of the service charges, utilities and other recoverable and non-recoverable costs. For more information about Milton Park visit www.miltonpark.com

Key Responsibilities

A Key stakeholder in the CBRE’s relationship with the clients on site team
To engage and build supplier relationships on site
Develop working relationship with the client’s occupiers

Constantly monitor and review with the site team all service charge expenditure across the 27 business units including the estate expenditure
Formal forecasting at agreed intervals to identify potential issues in advance and suggest remedial action if required
Work with the FM and PM team on the preparation and presentation of annual budgets for the 27 business units which will be set in advance of the commencement of year in accordance with agreed KPI’s and issuing budgets to external stakeholders
Processing of estate re-charges ensuring calculations and apportionments are correct and amended when required and ensuring supporting documentation and frequency is correct
Working with internal and external stakeholders to undertake an interim reviews of the service charge and then to ensure all service charge closures are audited and closed at the year-end within the agreed client KPI of 10 weeks.
Monitor service charge income, ensuring income and apportionment is accounted for correctly, highlighting discrepancies with the estate team and completing remedial action as appropriate.
Investigating and management of cashflow issues across the portfolio
Reconciliation and approval of void costs in relation to vacant space on site
Quality review of income charged to occupiers reconciling to the tenancy schedule
Demonstrated ability to coordinate across regional geographies, drive actions and achieve results
Person Specification
Previous account management highly desired preferably in Real Estate
Ability to coordinate delivery to several stakeholders
Ability to interpret financial data and Real Estate transactions and present to on-Financial stakeholders
Experience in budget and cost control
Experience in business park management desirable but not essential
Experience in service charge accounting desirable but not essential

Key Skills
Strong interpersonal skills with a proven record of building strong professional relationships with internal and external stakeholders
Ability to work under pressure and to strict deadlines
Capacity to think at a big picture level while identifying tactical solutions to problems
Excellent communication skills both written and verbal
Numerical and analytically minded
Capable of performing independently, while fostering a team-based environment.
Someone that thrives in a fast-paced environment while appearing calm under pressure.