Job vacancy Finance Business Partner (fbp)

Our client is a global media and technology service company with a 360-degree marketing scope and a mission to revolutionize the media and marketing space. They operate at the intersection of media and technology and deliver results-driven marketing services to our diverse range of clients. 

Job Summary

The role of the Finance Business Partner serves as a trusted advisor to business leaders, leveraging financial expertise to drive business performance, inform decision-making, and create long-term value for the organization.

Scope of work

1. Financial Planning and Analysis:

Collaborating with business units to develop financial plans, budgets, and forecasts, ensuring alignment with organizational goals and objectives. Analyzing financial performance, identifying trends, and providing insights on variances to budget/forecast.

2. Decision Support:

Providing financial analysis and advice on business decisions, such as investment opportunities, cost-saving initiatives, pricing strategies, and resource allocation.

Assessing the financial implications of various scenarios and recommending the most viable options.

3. Performance Management:

Working with business stakeholders to establish key performance indicators (KPIs) and performance targets. Monitoring performance against these targets, identifying areas of concern, and recommending corrective actions to drive performance
improvement.

4. Financial Reporting:

Preparing and presenting accurate and timely financial reports and management information to business entities and Senior Leadership Team (SLT). These reports may include financial statements, monthly/quarterly business reviews, profitability analysis, and variance analysis.

5. Strategic Planning:

Participating in the strategic planning process by providing financial insights and analysis. Collaborating with business leaders to develop long-term financial strategies and supporting the implementation of strategic initiatives.

6. Business Partnership:

Building effective working relationships with business unit heads and acting as a trusted advisor on financial matters. Proactively engaging with business stakeholders to understand their needs, challenges, and opportunities, and provide relevant financial support and guidance.

7. Risk Management:

Identifying and assessing financial risks within the business entities and developing mitigation strategies. Collaborating with senior leadership teams to ensure compliance with financial regulations, policies, and procedures.

8. Capital Raise & Investment Funding Financial Modelling:

Preparation, documentation and collation of financial models specific to capital raise and funding initiatives required to drive the strategic business plans and goals of BOSS Global HoldCo.

9. Business Case Analysis:

Evaluating investment proposals and new business opportunities by conducting financial feasibility studies, assessing financial viability, estimating return on investment (ROI), and preparing business case reports.

10. Continuous Improvement:

Identifying opportunities for process improvement and streamlining financial processes and systems. Collaborating with cross-functional teams to implement best practices, and automation solutions, and enhance overall finance effectiveness.

11. Stakeholder Communication:

Effectively communicating complex financial concepts and insights to non-financial stakeholders, translating financial information into practical business terms. Presenting financial information clearly and concisely to inform decision-making.

Deliverables

1. Financial Plans, Budgets, and Forecasts:

The Finance Business Partner works with business units to develop and deliver accurate and timely financial plans, budgets, and forecasts. These deliverables outline the financial goals and targets for the organization and provide a roadmap for financial management.

2. Financial Analysis and Insights:

The Finance Business Partner conducts in-depth financial analysis, including variance analysis, profitability analysis, and trend analysis, to provide insights into the financial performance of the organization. These deliverables help stakeholders understand the key drivers of financial results and make informed decisions.

3. Financial Reports and Management Information:

The Finance Business Partner prepares and presents financial reports and management information to stakeholders, including senior management, board members, and business unit leaders. These deliverables provide a snapshot of the financial health of the organization and help drive decision-making.

4. Business Case Analysis:

The Finance Business Partner evaluates investment proposals and new business opportunities by conducting financial feasibility studies, estimating return on investment, and preparing business case reports. These deliverables help stakeholders assess the financial viability of potential projects and make investment decisions.

5. Performance Monitoring and Reporting:

The Finance Business Partner monitors and reports on the financial performance of business units against key performance indicators and targets. These deliverables help identify areas of concern, track progress toward financial goals, and support performance improvement initiatives.

6. Strategic Financial Guidance:

The Finance Business Partner provides strategic financial guidance to business leaders by participating in strategic planning processes, contributing financial insights, and supporting the development and implementation of strategic initiatives. These deliverables help align financial strategies with organizational goals and drive long-term success.

7. Risk Assessment and Mitigation Strategies:

The Finance Business Partner identifies financial risks within the organization, assesses their potential impact, and develops mitigation strategies. These deliverables support risk management efforts and ensure compliance with financial regulations and policies.

8. Continuous Improvement Initiatives:

The Finance Business Partner identifies opportunities for process improvement and streamlining financial processes and systems. These deliverables help enhance the efficiency and effectiveness of financial operations.

9. Stakeholder Communication and Presentations:

The Finance Business Partner effectively communicates complex financial concepts and insights to non-financial stakeholders through presentations, reports, and meetings. These deliverables help stakeholders understand and interpret financial information, enabling informed decision-making.

10. Business Partnering and Relationship Management:

The Finance Business Partner builds and maintains effective working relationships with business unit leaders and stakeholders. These deliverables support collaboration, trust, and partnership to provide holistic financial support and guidance.

Key Performance Indicators (KPIs)

1. Financial Analysis Accuracy:

Measure the accuracy of financial forecasts, budgets, and reports provided by the finance business partner compared to actual outcomes.

2. Cost Control and Optimization:

Monitor the effectiveness of cost management initiatives and the ability to identify opportunities for cost optimization without sacrificing quality or performance.

3. Profitability Improvement:

Assess the finance business partner and contribute to enhancing profitability through revenue growth strategies, margin improvement, and cost-saving measures.

4. Strategic Planning Support:

Evaluate the quality of financial analysis and insights provided to support strategic planning initiatives, including investment decisions, market expansion, and product development.

5. Financial Performance Metrics:

Track key financial metrics such as revenue growth, profit margins, return on investment (ROI), and cash flow to assess the overall financial health of the business.

6. Business Partner Satisfaction:

Solicit feedback from business stakeholders on the effectiveness of finance business partner support, communication, and responsiveness.

7. Advisory and Decision Support:

Measure the ability of finance business partners to provide timely, data-driven insights and recommendations to support decision-making across the organization.

8. Budget Variance Analysis:

Evaluate the accuracy of budget forecasts and the ability to identify and explain
significant variances between budgeted and actual results.

9. Financial Risk Management:

Assess the effectiveness of risk assessment and mitigation strategies implemented by the finance business partner to safeguard the organization& financial assets and interests.

10. Cross-functional Collaboration:

Monitor collaboration and communication with other units or business entities to ensure alignment of financial objectives and initiatives with broader organizational goals.

11. Process Improvement Initiatives:

Measure the contribution of finance business partners to streamlining financial processes, improving efficiency, and implementing best practices within the finance function.

12. Continuous Learning and Development:

Track participation in relevant training programs, certifications, and professional development activities to ensure ongoing skill enhancement and knowledge acquisition.

Competencies

 Financial Acumen
 Business Understanding
 Strategic Thinking
 Analytical Skills
 Communication Skills
 Influence and Relationship Building
 Problem-Solving Abilities
 Commercial Awareness
 Adaptability and Agility
 Ethical and Professional Conduct
 Project Management Skills
 Continuous Learning and Development
 Up to date on latest financial trends, regulations and best practices

ERJ2552

18 Aug, 2024 (76 days left)