The job holder of this position is responsible for supporting the Commercial Finance Manager, leading the Finance function of the Consumer Business Unit, analysing risks, and guiding the business to assist in the measurement, planning, and forecasting of activities and their implications on the income statement and balance sheet.
The job holder of this position will also be responsible for driving the elaboration of monthly actual financials and developing, interpreting and implementing financial planning, budget and control for the business unit to enhance governance, cost control and financial performance of the BU, ensuring it delivers Budget targets in terms of profitability, working capital and ROCE.
KEY RESPONSIBILITIES
Develop trustworthy relationships with the Business Units to drive financial management and processes
Support operations in preparing P&L projection, analysis of financial viability of new investments and budget follow-up
Organize internal and external reporting; make constructive proposals and act as an internal consultancy to the Commercial Finance Manager and Business units’ Managers to monitor the business
Evaluate business proposals with a complete analysis of the economic impact on business
Analyze financial information to produce forecasts of business, industry and economic conditions for use in making decisions
Review BU purchase cycle and analyse its Cash Flow and stock position on a regular basis to provide corrective actions if necessary
Supervise the activities of the credit collectors of the BU and coordinate with Group Credit Management to ensure optimisation of collection and reduction of overdue/bad debt
Prepare variance analysis and recommendations on monthly financial figures from business uni compared to budget and last year and issue reports as required by the management
Ensure proper governance of the Selling&Distribution expense and, in particular on the timely and accurate submission of DN/CN towards Brand partners to optimise cash flows
Follow up and control the capital expenditure budgets allocated to the business unit to ensure ROCE targets are achieved
Monitor the cost structure of the companies’ business units and prepare proposals for OPEX optimisation to enhance business profitability and protect Budget NP targets.
Arrange, observe and control the P&L, balance sheet and recommend action
Provide Internal Control and ensure compliance with all Group Policies and Procedures
Prepare and monitor the performance of NPV and internal rate of return (IRR) studies for proposed new outlets and new brands
Drive month-end closing and prepare the Monthly financials with the support of the Accounting team for his/her own BU by analysing trial balances, researching and investigating general ledger activity and variances to budget and prior year whenever required.
Collaborate with the Business Unit (BU) stakeholders to support preparing the annual budget, ensuring alignment with strategic goals and financial targets.
Develop and improve processes related to expenditure, appropriate financial methods to evaluate better and measure performance, challenge business plan assumptions, and propose revisions
Provide analytical support as required to various cross-function initiatives and ad hoc projects (e.g. preparing business plans, the study of the cash flow and P&L)
Instigate and participate in all process improvement initiatives related to the Business Unit
Participate in relevant projects and community activities as and when needed
SKILLS, EXPERIENCE AND QUALIFICATION
Min of 6-8 years of relevant Commercial finance experience in a well-developed corporate finance environment, preferably at an FMCG Distributor or MNC in the FMCG industry.
Part/fully qualified in one of the following international qualifications: CIMA, ACA, ACCA, CPA, CFA or Top Finance MBA
B2B Distribution, FMCG, and Retail finance experience a plus
Strong communication skills
Dynamic, driven, energetic, and eager to drive business decision-making in partnership with the Commercial Finance Manager.
Seniority Level: Other
Job Functions: Software Development
Industries : Information Technology
