Purpose

The Finance Business Partner plays a crucial role in the financial planning and decision-making processes within the organization. This position requires a strong understanding of financial analysis, costings, overall business operations, risk management, and strategic planning. The individual in this role will collaborate with various departments, providing financial insights and recommendations to support key business decisions. The Finance business partner is responsible for developing financial models, analyzing data, and presenting findings to senior management.

Key Responsibilities

Financial Analysis

• Conduct comprehensive financial analyses to support decision-making processes.
• Develop and maintain financial models to evaluate business scenarios, investment opportunities, and cost-saving initiatives.
• Provide insights into the financial implications of various strategic options.
• Ensure that BOMs are up to date and that there is are robust controls on the same

Departmental Decision support

• Collaborate with cross-functional teams to understand business requirements and provide financial guidance.
• Assess the financial impact of proposed projects, investments, or operational changes.
• Make recommendations based on financial data and contribute to decision-making discussions.

Budgeting and forecasting

• Work closely with the finance team to contribute to the budgeting and forecasting processes.
• Monitor budget performance, analyze variances, and provide explanations for financial results.
• Assist in developing long-term financial plans and strategic financial goals.

Risk Management

• Identify and assess financial risks associated with business decisions.
• Develop risk mitigation strategies and communicate potential risks to relevant stakeholders.
• Ensure compliance with financial regulations and industry best practices.

Reporting

• Prepare and present financial reports to senior management, highlighting key performance indicators and financial trends.
• Generate ad-hoc financial reports as needed for strategic decision-making.

Continuous Improvement

• Stay updated on industry trends, financial regulations, and best practices.
• Recommend process improvements to enhance the efficiency and effectiveness of financial decision-making.

Academic Qualifications and Skills

• Bachelor’s degree in Finance, Accounting, Business, or a related field. A Master’s degree or professional certification (e.g., CFA, CPA) is a plus.
• Proven experience in financial analysis, budgeting, and business partnering.
• Strong analytical skills with the ability to translate complex data into actionable insights.
• Excellent communication and presentation skills for effectively conveying financial information to diverse stakeholders.
• Proficiency in financial modeling and data analysis tools.
• Ability to work collaboratively in a cross-functional team environment.
• Knowledge of relevant financial regulations and compliance requirements.
• 5-7 years of experience in finance, with a focus on business partnering and financial analysis.
• Experience in the manufacturing industry is preferred.