We are looking for a Commercial Finance Manager. Why join our team? The role sits within the broader Finance Operations team with our vision to create value beyond the numbers. Our 5 key goals are as below:
* Commit to excellence
* Partner the business
* Empower decision making through data
* Grow and reward our people
* Innovate and transform
Role and Responsibilities
Strategic Business Partnering
* Work closely with senior leadership and functional heads to influence and shape business strategy across the retail and pure-player channels.
* Present and communicate financial insights to non-financial stakeholders in a clear and actionable manner.
* Offer solutions to foster revenue growth by optimising investment to drive the best possible value for the business.
* Maintain relationships with external stakeholders mainly Customers as they relate to commercial finance matters.
Commercial decision support
* Partner with PM and sales to evaluate the financial viability of corporate plans and investments by delivering insight and recommendations.
* Support with the development and implementation of the investment and management frameworks aligned to divisional commercial objectives.
* Increase efficiency and enhance commercial results derived from sales deduction investment across Smartphone retail and pure-player channels as well as reviewing how this links with overall smartphone strategy.
* Managing Investment Pot and insure governance is in place as well as following ROI analysis.
* Managing product performance and associated KPIs, highlighting risks and opportunities where necessary.
Financial planning
* Lead monthly forecasting processes and reviews with FP&A.
* Ensure robust forecasts are in place having challenged and interrogated the key inputs with the relevant stakeholders.
* Support the Divisions' quarterly and monthly financial planning processes.
* Provide financial models and scenario analysis to support commercial strategy and decision-making.
* Analyse variances between actual performance and forecast, identifying key drivers and recommending actions.
Driving financial performance
* Develop and manage key performance indicators to track commercial performance of key merchants.
* Identify and mitigate financial risks related to commercial activities, including revenue, net price SD and costs risks.
* Work closely and collaborate with Product Management and Sales to drive financial performance and ensure the delivery of the Divisions' financial objectives such as sales, profitability and market share.
* Work with the FP&A team to prepare valuable reporting and analysis to support management with solutions of key challenges (underachievement of SO for key devices).
Financial management and control
* Ensure strong control and governance in the financial activities undertaken by the Divisions.
* Managing the Balance sheet in line with internal and external policies.
* Provide guidance on the accounting for more complex customer deals, obtaining technical advice from other areas of Finance where necessary and ensuring that transactions to be supported within agreed accounting standards.
* Guide on structuring commercial models (SOF) and their implementation in terms of the existing systems/processes, along with supporting on testing of new models.
FMCG background required. Experience within technology sector and a fast-paced sales environment needed.
Soft Skills
* Linking financial decisions to broader business strategies and medium-term goals, helping the sub-category division navigate complex commercial landscapes.
* Ability to explain complex financial concepts in a simple, understandable way for non-financial stakeholders.
* Working effectively across departments including sales, PM, operations while influencing decisions.
* Ensuring accuracy in financial reporting and analysis while balancing the need for speed and efficiency.
* Ability approach problems logically and analysing data to offer insights and solutions that drive business performance.
* Being open to new ideas, flexible in shifting priorities and able to work effectively in a fast-paced and evolving business environment.
* Handling pressure and maintaining performance during challenging periods, such as tight deadlines or financial challenges.
* Building and maintaining positive working relationships across the division, fostering a collaborative and supportive environment.
* Balancing priorities such forecast reviews and ad-hoc decisions support, without compromising quality.
* Balancing financial objectives with commercial goals when working with different teams on investment decisions.
Hard Skills
* Qualified accountant (ACA, ACCA or CIMA), three to four years post qualification, with experience in industry.
* Up to date knowledge of international accounting standards.
* Experience of working in technology or FMCG sectors.
* Hands on experience of using ERP systems (preferably SAP).
* Ability to implement change process to streamline and make existing processes more efficient.
Benefits of working at Samsung
* Hybrid working - 3 days in the office and 2 days at home per week.
* Bonus scheme linked to individual, team and company performance.
* Car allowance.
* Pension contribution.
* Three volunteering days each year.
* Holiday - 25 days plus bank holidays and an additional day off for your birthday.
* Access to discounts on a wide range of Samsung products.
* Access to a discount shopping portal.
* Partner Colleagues are not eligible for Samsung Enhanced Paid Sick Leave but may be eligible for statutory payments from their payroll agency.
* Up to 20 (pro-rata) Partner Absence days per calendar year to be used in times of need.
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