Business Partner Finance

10 - 15 Years
Mumbai, Mumbai Suburbs, Navi Mumbai

Job Description

Please go through the Job details :- 

The finance business partner

Finance business partners are Finance professional who work closely with a particular business unit creating a real and active partnership with both operations and management. Their role is to provide 'real time' support and analysis, to be a trusted adviser and to add value that will assist in decision making. Critical to their success is an ability to communicate their message, to understand their audience and deliver the information in a clear and user friendly manner. It is this mix of analytical, commercial and communication skills which are at the heart of successful finance business partnering.

Requirements from finance business partners

Finance business partners actively influence day to day decisions, shaping strategy and the direction of the business

They are the interface or 'translator' between finance and operations

They are commercially aware, understanding and anticipating the needs of both operations and management

They have strong core business skills including influencing, stakeholder management and presentation skills

Successful finance business partnering is a way of thinking, at the heart of which is problem-solving

They interpret data, order and assess its value and then present the findings to the relevant stakeholders in a clear and concise way

They can draw on 'big' and 'small' data, selecting the appropriate tools to manipulate, analyse and interpret it in sophisticated, audience-appropriate ways

They must be able to form and stand over their opinions, have a well-developed sense of ethics and be prepared to stand up for these principles

They should be comfortable with risk and working with ambiguity

They learn from the past but are future orientated

The expectation for finance to add greater value to the business is growing. Successful finance business partners are seen as leaders that can influence the decisions that a business makes to maximise shareholder value and return.

Key skills - Communicating

The role sees finance business partners interpreting the raw data and communicating this clearly especially to colleagues outside the finance function in marketing, sales, production; a role which puts them at the heart of the business. The task is to take the fragments of data, order them, assess their value and then present the findings to the relevant stakeholders in a meaningful way. The opportunity is to become the interface or 'translator' between the languages of finance and operations, to tell the story, to paint a compelling picture. Success in this role requires a mix of commercial acumen, analytical skills and an ability to build relationships, to communicate effectively and to persuade.

Influencing

People skills are critical. The effective finance business partner is adaptable and can deliver the information in a digestible way to their audience, with clarity and appropriate to specific audiences. This is especially important when the message is one the audience may not wish to hear, for example informing sales that they have overstated their margin. This is when the finance business partner must challenge, coach and motivate. In addition, successful finance business partners must also be able to identify and win over key stakeholders, to build relationships and persuade in order to achieve their objectives.

Primary Purpose:To act as finance business partner and collaborate with business heads to meet needs of specific businesses in a rapidly growing environment.

Key Accountabilities/Activities:The candidate would work closely with the business teams and participate in the entire finance business cycle right from budgeting, management reporting and supervising the accounting of specific business. Detailed job description is as follows:

Budgeting and Management reporting

  • Prepare business forecast for a period of 3 years with estimated revenue as well as estimated expenses in close coordination with Business CEOs
  • Prepare annual estimated budget covering estimated revenue as well as estimated expenses, in close coordination with Business CEOs
  • Revisit budget and business forecast on a quarterly basis based on the actual performance
  • Preparation of Monthly P&L for MIS purposes (overall as well as qua each project/business) & comparison with Budgets
  • Review of performance along with business heads on a monthly basis and identify key deviations from the approved budgets
  • Identify a suitable course of action to achieve the budget/ business forecast
  • Preparation of cash flow budget on a quarterly basis

Procurement function

  • Assisting business team in procurement function which would include comparative analysis of multiple quotes received, review commercial agreements for the businesses, etc
  • Vendor ledger scrutiny for various categories of expenses for benchmarking purposes

Accounting, receivable and payable function`

  • Oversee accounting function for the specific business
  • Scrutiny of ledgers, reconciliation of accounts receivable/ payables and ageing report
  • Perform period end functions including cost allocation, provisions and consolidation
  • Assist central team in finalization of accounts as well as tax compliances, on need basis



Required Candidate profile

  •  A Chartered Accountant or Cost Accountant or MBA (Finance) with 10-15 years of experience in the field of finance business partner.
  • Good analytical skills with an eye for detailing
  • Good communication skills
  • Knowledge and ability to read and summarize contracts
  • Ability to work with cross functional teams
  • Awareness and knowledge of Accounting, Taxation, GST
  • Well versed with accounting software
  • Perks and Benefits 

    Best In Industry

    Salary: Not Disclosed by Recruiter

    Industry:Education / Teaching / Training

    Functional Area:Accounts, Finance, Tax, Company Secretary, Audit

    Role Category:Senior Management

    Role:Head/VP/GM-CFO/Financial Controller

    Keyskills

    Desired Candidate Profile

    Please refer to the Job description above

    Education-

    PG:CA, MBA/PGDM - Finance

    Doctorate:Doctorate Not Required

    Company Profile

    SnapSeaarch

    SnapSeaarch (formerly known as PharmaHood Consultants) operates as an extended HR arm for its clients, providing Recruitment services to MNCs and Business Conglomerates across India. The organization was founded in 2003 for serving mainly the Healthcare sector and has since grown the company in this decade's time to serve 17 different industry verticals today. Today SnapSeaarch is amongst the "Top 3 Preferred Recruitment Services Partner" for its long-standing clients. SnapSeaarch has been known in the executive search names through its Process, People and Passion to mark a difference in each and every assignment takes up. All 3 Ps at SnapSeaarch marks difference with their quality uncompromised for the entire process.
    SnapSeaarch is in the midst of another record setting year to get covered in the Consultants Review Magazine as the pioneers in the Recruitment industry. We have been recognized as "India's 10 Most Promising Recruitment Consultants-2018" in the Consultant Review Magazine March 2018 edition.
    At SnapSeaarch, recruitment is a science and handled with utmost care. Best known for the ability to understand and bridge the gap between candidate abilities and corporate needs thereby becoming instrumental in changing talented individuals into human assets, SnapSeaarch is the first choice for any niche hiring and for Executive Search Services irrespective of the industry or sector.
    View Contact Details+

    Recruiter Name:Ritu Khatkar

    Contact Company:SnapSeaarch