Develop Culture of Financial Business Partnering with Business Unit Owners
* Lead business finance activities, including developing a high-performing business partnering function
* The Business Finance team will act as business partners to key internal stakeholders to help them analyse and understand the performance of the business and, ultimately, make smart decisions that will enable our business to grow while delivering excellent products and services to our customers
* Foster strong, collaborative relationships with business unit (BU) owners, serving as a trusted financial advisor and strategic partner
* Work closely with BUs to understand their financial needs, objectives, and challenges
* Provide in depth BP capability to the BU owners to drive DFL towards a performance based culture
* Provide ongoing support and guidance to BUs in the budgeting & forecasting process, ensuring efficient and accurate submission of financial plans
* Develop and maintain positive working relationships across the wider business
* Deliver BP services in line with Category Approach (prioritised and based on materiality)
* Lead the monthly BPR meetings with BU owners
Tracking of business goals and translating into day to day performance delivery
* Translate business goals into actionable financial plans, driving growth and profitability across the organisation
* Consolidate and analyse financial data from BUs, identifying trends, opportunities, and areas for cost optimisation
* Lead the Business Finance team to provide detailed financial analysis, including business case analysis, to support decision-making processes across the business, identifying key drivers of revenue, cost, and profitability
* Analyse and evaluate unit economics to identify opportunities for cost reduction and revenue enhancement.
* Work closely with BU owners to enhance profitability and operational efficiency
* Ownership of KPIs, assuring the data quality and pertinence of metrics used, and using a combination of financial and non-financial data to provide quality insight that can be acted upon
Support and Challenge Decision Making - Investment and Business Choices
* Utilise financial modelling and analysis techniques to assess the financial implications of business unit initiatives
* Lead the evaluation of investment proposals submitted by BUs, assessing financial viability, return on investment, and alignment with strategic goals
* Work collaboratively with BUs and the FP&A to develop robust financial models and analyses to support investment decisions
* Partner with BUs to develop and evaluate investment proposals, ensuring alignment with strategic objectives and financial viability
Reporting structure and Approach Development
* Responsible for maintaining the integrity of financials and key performance indicators (KPIs).
* In charge of creating BPR packs each month that include important insights, trends, and next steps, offering insightful information to boost business performance. Aiming to ensure the accuracy of every KPI, and key drivers for each business unit
* Continuously improve on the BPR packs across all categories as the process is embedded and rolled out to the business
* Confident to challenge current ways of working across all areas in terms of how financials have been previously reported and viewed, to reposition as a more effective way of reporting and enabling quality conversations on performance focused delivery
* Develop new and different reports as required to meet business partnering requirements
* Present detailed financial performance reports to the Leadership team and BU owners, providing recommendations and commentary based on highlighted trends, opportunities, and potential risks
Collaboration & Stakeholder Engagement
* Act as a trusted partner to the CFO, senior leadership, and business unit heads, providing financial insights and recommendations
* Collaborate with the FP&A and Controlling teams, as well as business unit owners to ensure alignment during the budget and forecasting processes
* Collaborate with the FP&A to provide accurate and timely financial forecasts, budgets, and variance analyses to support business unit planning and decision-making
* Support non-finance stakeholders in managing their cost budgets, offering guidance to improve financial outcomes as required
* Effectively communicate financial information to all levels of the organisation, including BUs, senior management, and the CFO
Process Improvement & Systems Optimisation
* Identify and implement process improvements to enhance the efficiency, accuracy, and scalability of financial reporting requirements
* This includes front loading of financial processes which, historically may have been left to the year end - ensuring that plans and processes are in place to deliver those effectively but with the appropriate positive impact on culture and performance delivery
* Evaluate, implement, and optimise tools and systems to improve financial analytics, reporting, and business intelligence
* Recommendations and implementation of process and reporting improvements through automation solutions and standardisation across the business
* Stay abreast of industry trends and best practices in financial management, ensuring the implementation of innovative and data-driven approaches
Team Leadership & Development
* Oversee the day-to-day operations of the Business Finance team, fostering a culture of professionalism and continuous improvement
* Manage and motivate the team by setting and communicating aims, objectives and priorities
* Hold regular one-to-one meetings to provide feedback to direct reports.
* Mentor and guide members of the finance team, fostering professional growth and high-quality outputs