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Plant Finance Business Partner

Employer
McCormick & Company
Location
UK
Salary
Competitive
Closing date
23 Feb 2021

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Sector
Accountancy
Contract Type
Permanent
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Job Details

Position: Site Finance Business Partner

Based: Littleborough

POSITION OVERVIEW

Business Partner works towards company goals by providing or leading complex and interpretive financial analysis and reports for management. This person guides and supports the site leadership team by constructively challenging to test decisions and gain an intimate knowledge of the business.

Responsible for the analysis of the annual budget process, expense/service fee/staffing forecasts, balance sheet forecasts, statistical reporting, process efficiencies, optimizations and analyses of operational results. May also be responsible for or assigned to projects requiring financial research or significant process, operational or financial evaluations.

The position plays an influential role in relevant management teams and steering group meetings supporting the delivery of initiatives and strategic alignment.



MAIN RESPONSIBILITIES



• Independently, be able to research, link to root cause drivers, explain and suggest corrective action for financial variances between current results, prior year, forecast and budget. Distinguish and quantify volume and rate impact in analysis, and, independently, communicate analysis to senior local and regional management.

• Differentiate material versus immaterial variances, analyse and reconcile balances on the income statement and balance sheet, as applicable, identifying the pertinent focus areas and communicate, effectively and clearly, to local and regional management. Understand the progression of variances through the balance sheet to the income statement. Understand the key ratios as applicable (e.g. ITO, DSO, DPO, CTC, EVA and McCormick Profit) and the components that comprise each metric.

• Maintains an effective control environment and SOX compliance. Able to identify areas of potential control weakness, suggest and implement solutions to minimize risk.

• Plan, identify, gather and organize data to create forward looking financial information for multiple segments of the local business, with a detail knowledge of the basis used to create the information including the sources, methods, activities and drivers used and understanding the financial planning processes (budgeting and forecasting activities and strategic plan, as applicable). Detailed knowledge of how the information fits in with the local business units as well as the business unit's impact on the Company. Communicate findings & interpretations and relevant conclusions.

• Perform business modelling as necessary, organizing and inputting data and printing the pertinent reports at the local business level and review for accuracy. With direction, interpret these results and provide explanation to senior local management. Knowledgeable in the completion of key models, as applicable, used by the finance function (budgeting, forecasting, CAAP's, etc), demonstrating a detailed understanding of data flow and the model's basic principles as well as being able to calculate, without direction, key metrics, as applicable (e.g. IRR and NPV for use in measuring the return on investment)

• Without direction, and in a lead role at times, provide financial support for the evaluation of an identified opportunity or issue (e.g. CCI initiative, investment return, balancing cost with performance and impact of operational decisions)

CANDIDATE PROFILE


  • BA/BS degree in Accounting, Finance or Business
  • Experience from working in manufacturing environment
  • Experience participating on projects, supporting finance initiatives with the business
  • Experience in accounting / financial analysis demonstrated thorough knowledge of the capabilities of transaction & reporting systems including, but not limited to Hyperion, SAP, Business Warehouse or other local systems
  • Advanced proficiency in Excel and strong proficiency in Word and Power Point Internal
  • Strong knowledge of the financial characteristics/drivers (volume, pricing, profitability, seasonality, etc)
  • Able to demonstrate a thorough understanding of the financial differences (e.g. size, profitability, customers & markets served, between the different business segments
  • Understanding of the business characteristics of the local market and competitors
  • Excellent theoretical and practical knowledge of different financial and analytical techniques and procedures
  • Ability to take initiative and work independently
  • Ability to engage and influence others
  • Customer facing focus for internal customers due to shared service nature of the organization
  • Strong experience in managing expectations, also in senior management level
  • Ability to work across functions and cultures Interactions outside the function using strong diplomacy skills to guide and influence
  • Experienced with improvements to systems, methods of work and analysis methods and contributes to ensuring that they are continuously adapted to the business requirements
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