Sr. Business Partner Finance

Job description

Division Finance Department Commercial Finance Sub Department EU & EM Finance Job Purpose Support the business to achieve the topline budget while protecting the bottom line with financial controls, partner & liaise with diverse functions across the organisation to deliver the desired results and help the management take informed business decisions in a timely manner. Also ensure timely & accurate financial reporting and compliance with all statutory requirements. Key Accountabilities (1/6) **1.Business Partnering** - Work closely with businesses teams to prepare the detailed annual budget for the specific regions allocated. - Monitor actual sales on a regular basis and provide inputs to the management on budget achievements and reasons for variances; Analysis of budget vs. actual (volume, price and mix) – budgeting control. - Work with business and submit 3 months rolling sales forecasts every month. - Analyse Business risks & ops and SKU mix optimization. - Analyse competition and provide insights to achieve market beating growth. Key Accountabilities (2/6) **2.Improve margin and cash flow to achieve profitability targets** - Review P&Ls monthly and monitor all expenses against budget. - Support the business in Pricing decisions for tenders, new products or launches and changes in market requirements. - Monitor and evaluate key KPIs and share findings and highlight key areas for effective action. - Drive better product mix, identify and implement COGS reduction ops & find pricing opportunities to ensure improvement in overall profitability of business. - Follow up on receivables, liaise with customers and ensure minimal overdue. Key Accountabilities (3/6) **3.Monitor continuous supply of products to ensure availability in the market while also keeping check on inventory quality & wastages** - Inventory management of the products based on sales. - Analyse & raise red flags for non-moving/slow-moving or excess inventory being carried leading to business wastages. - Ensure minimal CoPE/write-off risk. **4.Review new and existing legal contracts and arrangements** - Ensure compliance to all legal commitments as per commercial contracts. - Review new agreements to ensure terms are not onerous for the company. - Getting sanction checks and ensure compliance before entering any new transaction. Key Accountabilities (4/6) **5.Evaluate new business deals & opportunities; highlight risks proactively and support the funding requirements & integration process** - Evaluate the returns for the Company from any new product / brand or M&A deal; carry out necessary financial due diligence, capture all potential legal or commercial risks and share recommendations with management for decision making. - Support all funding requirements by liaising with the parent Co. or banks as may be required. - Help set up new business processes or integrate them with existing businesses. **6.Manage all accounting, banking and financial reporting activities** - Co-ordinate with the local accountants/consultants for day-to-day accounting issues and ensure all monthly transactions are entered and maintained properly for 2 entities. - Submission of Financial statements, templates, analytics, eliminations and other closing related information to Corporate Finance as per closing timelines and facilitation of year end statutory audit & reporting process. - Review the financials monthly and deep dive into major variances and errors in accounting. - Ensure Intercompany transactions accounting and reconciliation with India team. - Help to standardise formats and reconciliations on a timely basis. - Manage all banking transactions and optimise the payments process wherever required. Key Accountabilities (5/6) **7.Controls, Compliance & Simplification** - Co-ordinate with audit teams for all data requirements & initiate timely action against all audit observations to ensure the necessary processes are put in place to avoid repeat of same errors. - Take initiative to contribute towards improvisation of system functions. Drive process simplification, automation and improve efficiencies. - Ensure compliance with tax laws, transfer pricing requirements and local country laws and regulations. **8.FP&A** - Lead annual budgeting, quarterly forecasting, and longrange planning for Asia & LATAM markets. - Develop marketwise P&L forecasts, including revenue, gross margin, Opex, EBITDA, and working capital. - Perform variance analysis vs Budget, Forecast, and Prior Year, highlighting key drivers and risks. - Ensure timely and accurate submission of forecasts aligned with timelines and assumptions. Key Accountabilities (6/6) **9.Stakeholder Management & Collaboration** - Coordinate with Commercial teams across geographies for planning, reviews, and performance tracking. - Liaise with Supply Chain, Manufacturing, Legal, HR, Costing, Business Development and Strategy for endtoend business visibility. - Present insights and financial performance to senior management and leadership forums. Major Challenges - Prioritization of tasks and multitasking - Quick decision making while ensuring it has no adverse business impact - Effective stakeholder management (internal & external) - Dependence on country team for inputs or data - Adjust working hours as per the country time zone as and when required. Key Interactions (1/2) **Internal** - Commercial team - Regional Central Finance Team - Corp Finance, costing, FSS, treasury and tax teams - In-house legal & RA teams - Supply Chain & CI - IT / SAP teams Key Interactions (2/2) **External** - Tax consultants – quarterly basis – for tax planning and payments - Legal Consultants - External Banks - Customers / Commercial Partners - Vendors - Regulatory bodies Dimensions ASIA LATAM business close to $150mn+ which is expanding exponentially. Hence, Stakeholder management is very critical. Overall 2 legal entities and 1-2 Asia business. New business evaluation in volatile