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