Interim Cash FP&A Manager

Shirley, UK
15 Jun 2019
28 Jun 2019
Contract Type
Full Time
Britvic is the name behind iconic and market-leading brands such as Robinsons, Pepsi, Fruit Shoot, Tango, Squash'd, J2O, R.Whites, Gatorade, 7UP and Lipton - and we are on a journey to become the most dynamic, creative and trusted soft drinks company in the world. To get there we need to be continually sharpening our competitive edge, maximising value through creative, effective, strategic, passionate and professional Operational teams.

Progress your career:

Britvic is a very exciting and supportive place to be, with award winning brands, a clear vision, personal development and an open and honest culture. We offer a comprehensive package for this position - including a highly competitive basic salary, bonus scheme, enhanced company pension contributions, share save schemes, annual pay reviews, healthcare, vouchers and a whole host of flexible benefits.

About the Role:

Improved cash and working capital performance is a key priority for Britvic, both to meet expectations in the current year, and to underpin our ability to deliver our future growth strategy. To ensure that we can drive this we must be able to understand and track the working capital impact of commercial and operational decision making across the group, as well as accurately reflect them in our performance reporting and forecasting.

A key focus of this role will be to drive the understanding, reporting and forecasting of cash across the Group, with a primary lens on the GB, Ireland and International Business Units.

The role reports to the Head of Financial Control, and will need to engage with Treasury, Finance Controllers, Reporting Managers, FP&A and FSS as well as seeking to understand the links between commercial activity and cash outcomes.

Key Responsibilities:
  • Create a more efficient (possibly automated) and detailed way of pulling 'actual' data to allow better comparisons and analysis for both cash and foreign exchange analysis, working with FP&A to ensure this meets group requirements.
  • Perform a trend review and create proper models for cash and foreign currency inflows for the longer and shorter term forecasts. This needs to include the ability to flex and accommodate different product and customer mix.
  • Perform a trend review and create proper models for cash and foreign currency outflows for the longer and shorter term forecasts.
  • Work with Supply Chain to introduce a way to create a currency expectation in their budget process.
  • Improve and give better visibility over the treasury actuals reconciliation.
  • Assist in creating better cashflow reports that show actuals and the impact of current forecasts.
  • Create consolidated reporting for Ireland and International.
  • Simplify the methodology for producing reporting, to the right level in agreement with FP&A, and incorporated into the normal Month End Reporting files as part of business as usual activity.
  • Create a 'best practice' model on how the P&L should convert to cash to allow a comparative/ challenge overlay to be in place
  • Create a monthly cash budget, currently quarterly, so that it can be compared and then adjusted in an outlook/forecast manner to see the impact of timing vs where actions need to be taken
    • Investigate how the intercompany movements effect and flex currency
    • Understand financial reporting and drive improvements in Business Unit commentary
    • Deliver analysis and data interpretations to support management understanding for both financial & non-financial KPIs

Knowledge, Skills & Experience Required:
  • Good understanding of balance sheet and cash flow mechanics
  • Ability to influence key stakeholders and challenge where appropriate
  • Networking with external finance and non-finance networks to build relationships and develop broader understanding of drivers of performance
  • Excellent written, visual and verbal communication skills. Ability to communicate effectively and simplify complex issues
  • Proven attention to detail, with excellent analytical, critical thinking, problem solving and personal and organisation skills
  • Good understanding of financial and accounting processes
  • Excellent Microsoft Office applications ability: particularly Excel
  • Background in FMCG and a broad commercial finance experience preferable
  • Qualifications:

    Qualified Accountant with relevant PQE

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