The Finance team is responsible for managing and controlling Crossrail’s finances to maintain expenditure and cost within the total funding available to the project.
This includes setting annual financial and headcount budgets for the project through the annual Business Plan and then managing and reporting against these budgets over time.
Ensuring that all payments to our suppliers and contractors are valid, accurate, timely and adhere to our financial standards and procedures, and collecting, verifying and assuring direct, Land & Property and indirect costs.
The main teams within this area are:
- Financial Control: dealing with financial reporting, balance sheet reconciliations, fixed asset recording, tax computations and credit-worthiness;
- Analysis & Planning: dealing with business relationship management for indirect budgets, forecasts, business planning, review and analysis of indirect costs and the Investment Model, risk and updated forecasts.
- Project Accounting: dealing with the management and reporting of direct construction spend, budgets and forecasts, the management and monitoring of Project Bank Accounts and the review and analysis of Programme Change and Investment Authority requests.
Overall this is a crucial function ensuring we deliver the project on time and within budget.