Key Purpose of the Job:
The Finance Business Partner is responsible for performing budgeting, forecasting and analysis that supports major corporate decisions of the divisional manager of a portfolio business. This role is also responsible for managing the portfolio business’s cash flow, increasing company operating efficiency and ensuring profitability through careful financial planning.
Key Areas of Responsibility:
Budgeting & Planning
Manage the end- to- end process for annual strategy plan, KPI setting, and zero- based budgeting. Partner with departments to create a detailed, accurate, and coherent yearly budget.
Work with relevant stakeholders to set monthly, quarterly, and yearly targets.
Review rolling forecasts monthly, or more frequently based on changes to the business, the market, and the operating environment to help management make better decisions to reach company goals.
Review weekly and monthly cash flow planning and forecasts.
Develop business case proposals and plans for expansion projects and new opportunities.
Performance Management
Deliver monthly management reporting package to be presented during the management meeting, present insights, recommendations, and be prepared to answer questions related to financial performance.
Oversee performance management by working with the divisional manager to track them throughout the year.
Monitor performance through charts, graphs, and tables monthly or more frequently if the portfolio business requires.
Review with divisional managers, on a monthly basis, to ensure targets are on- track and opportunities for improvement are identified.
Track the variance of actual operations against the budgets and forecasts. Investigate large or unusual variances to improve future forecasting and to safeguard the business.
Analyze the portfolio business’s revenue mix and profitability by center, channel, product, customer, segment and function. Monitor trends /over time and proactively investigate any areas that stand out.
Decision Making Enablement
Analyze and advise on pricing and promotion decisions, compensation schemes, and other financially sensitive matters.
Examine and evaluate the cost- efficiency of each department. Track trends over time, identify outliers and work to improve the portfolio business’s operating efficiency.
Monitor and analyze key business drivers and financial ratios over time versus target and industry averages, translating them into actionable business insights.
Coordinate with divisional managers to provide financial support and make recommendations to ensure stable and cost- effective functions.
Review purchase requests, project expenditures and other expenses, and approve or reject requests based on the budget.
Maintain close oversight of financial expenditures throughout any projects.
Stakeholder Management and Cross- functional Collaboration
Partner cross- functional to align business strategies with financial outcomes and drive sustainable performance.
Establish and maintain strong relationships with management and functional teams by fostering collaboration, driving consensus, analyzing results and assumptions.
