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Finance Busines Partner - Job Description

The job holder of this position is responsible for leading the Finance function of a defined Business Unit, reporting, analyzing risks and guiding the business, to assist in measurement, planning and forecasting of activities and implications on income statement and balance sheet.

The job holder of this position will also be responsible for driving the elaboration of monthly actual financials and developing, interpreting and implementing financial planning, reporting, budget and control for the business unit to enhance governance, cost control and financial performance of the BU ensuring it delivers Budget targets in terms of profitability, working capital and ROCE.

Key Responsibilities

Reporting to the GM of Fitness & Environmental business , dotted line to the GM of Befit and Head of Business Development Fitness commercial and functionally the CFO/Group Head of Finance, the key responsibilities for this very important role are:

• Develop trustworthy relationship with the Business Units to drive financial management and processes
• Support operations in preparing P&L projection, analysis of financial viability of new investments and budget follow-up
• Organize internal and external reporting; make constructive proposals to Business units’ Managers and Group Head of Finance to monitor the business
• Evaluate business proposals with complete analysis of economic impact on business
• Fully competent in the methodology to drive a successful retail business, not limited to OTB planning, forecasting, projection scenario planning
• Analyze financial information to produce forecasts of business, industry and economic conditions to enable strategic and key business decisions.
• Provide Internal support for all key retail/B2B metrics that drive the business.
• Assist in developing Financial Strategic Planning for Budget and Long Term 3-Y Plan
• Review BU purchase cycle and analyze its Cash Flow and stock position on regular basis to provide

corrective actions if necessary

• Prepare variance analysis and recommendations on monthly financial figures from business units

compared to budget and last year and issue reports as required by the management

• Follow up and control the capital expenditure budgets allocated to the business unit to ensure ROCE targets are achieved
• Monitor the cost structure of the companies’ business units and prepare proposals for OPEX optimisation to enhance business profitability and protect Budget NP targets.
• Arrange, observe and control the P&L, balance sheet and recommend action
• Provide Internal Control and ensure compliance with all Group Policies and Procedures
• Prepare and monitor the performance of NPV and internal rate of return (IRR) studies for proposed new outlets and new brands
• Drive month end closing and prepare the Monthly financials with the support of Accounting team for his/her own BU by analyzing trial balances, researching and investigating general ledger activity and variances to budget and prior year whenever required.
• Revise the budgets and close follow up on: collections, payables, stock, sales and net margin.
• Develop and improve processes related to expenditure, appropriate financial methods to be􀆩er

evaluate and measure performance, challenge business plan assumption and propose revisions

• Provide analytical support as required to various cross-function initiatives and ad hoc projects (e.g. preparing business plans, study of the cash flow and P&L)
• Instigate and participate in all process improvement initiatives related to the Business Unit
• Participate in relevant projects and community activities as and when needed

Experience & profile

• Min of 5-8 years of relevant Commercial finance experience in a well-developed corporate finance environment
• Part/fully qualified in one of the following international qualifications: CIMA, ACA, ACCA, CPA, CFA or Top Finance MBA
• B2B Distribution, FMCG and Retail finance experience a plus
• Dynamic, driven and energetic, eager to drive business decision making in partnership with CEO

Key competences

1. Behavioral Competencies

Understanding & Developing Self 
 

Building enhanced self-awareness by gathering both regular feedback and undertaking personal reflection to identify developmental opportunities for continued learning and growth.

• Regularly collects feedback from others on personal performance.
• Reflects on one’s work and considers how things could be done differently to excel.
• Accepts feedback humbly without being defensive and in a constructive way.
• Demonstrates understanding of strengths and areas of development.
• Pro-actively seeks opportunities to learn and grow to ensure skillset remains relevant.

Demonstrating Personal Resilience & Adapting to Change 
 

Remaining focused and optimistic through challenging situations, adapting quickly to changing circumstances, to deliver required objectives.

• Is calm and composed in the face of adversity and draws appropriate lessons from the experience.
• Faces pressures without becoming negative. Considers challenges to be learning opportunities.
• Demonstrates agility and flexibility to overcome challenges which require innovation and new ways of working.

Being Inclusive 
 

Fully recognizing and embracing the value that diverse perspectives can bring in understanding and resolving business challenges.

• Is sensitive and respectful of different cultural norms. Considers tone and choice of language to avoid being offensive.
• Works well with people with diverse backgrounds and styles of working.
• Welcomes opportunities to work with different and diverse groups of people as opportunities to learn and grow.
• Challenges stereotyping.

Communicating Effectively 
 

Recognizing and respecting the communication needs of others and adjusting styles of communication to convey messages clearly and with maximum impact.

• Able to communicate clearly with others.
• Seeks to understand by listening to and being interested in hearing what others think.
• Uses language that is clear, simple and respectful when communicating with others.
• Understands and recognizes various modes of communication and is able to select the approach most suited to the audience.
• Is transparent in their messages and communicates to share.

Collaborating & Influencing with Respect & Trust 
 

Working effectively with others to achieve common goals and objectives, in a manner that builds trust, teamwork and a collective focus on what is best for the broader organization.

• Willingly participates in discussions, and constructive debates, without fearing negative consequences.
• Stays connected with important stakeholders and shares required information.
• Thinks through how to persuade and influence stakeholders by reading the situation and by using various influencing techniques.
• Takes ownership of own projects and tasks.

Developing & Engaging Employees 
 

Supporting the developmental needs of team members through appropriate actions and building an engaging talent culture through a strong employee value proposition.

• Shares suggestions and ideas to help others develop and achieve better results
• Shares own experience and expertise with others if asked or when necessary.
• Conveys support toward the developmental efforts of others.
• Acts as a mentor or peer coach on request and supports the onboarding of others.

Driving Innovation 
 

Identifying new ways of operating that will help the Group and its employees remain “fit for future”

• Is open to new ideas and new ways of working.
• Considers a variety of alternatives and approaches to overcome barriers and find solutions.
• Curious around how their role can impact the big picture, and confident to put forward ideas and solutions for others to consider.
• When faced with challenges is solution orientated.

Demonstrating Customer Centricity 
 

Adapt to everchanging customer needs, aiming at providing customers (both internal and external) with an experience that exceeds expectations and drives long-lasting relationships.

• Tries to actively understand and resolve customer problems.
• Proactively seeks and receives customer feedback and tries to identify ways to improve customer service (change to overall service) long-run.
• Anticipates customer needs and finds solutions proactively.
• Proactively personalizes experiences for customers based on their background, needs, and concerns.
• Focuses on turning poor experiences into positive experience (keeping a “resolution” mindset). 

Driving Results 
 

Focusing on achieving a high standard of excellence in all work produced at an individual or team level.

• Focuses on achieving outcomes and tracks own performance against targets set.
• Identifies ways to improve performance over time.
• Pushes to achieve outcomes even when faced with challenges or obstacles.
• Appreciates how their performance contributes to that of the team’s and supports a “One Team, One Culture” mindset.

Demonstrating Strategic Vision 
 

Building a picture of the trends and patterns that will shape the Group and create a future vision which will inspire others to contribute their best for its longer-term growth.

• Has an awareness of best practice industry trends and approaches as are applicable to their role.
• Takes account of the brand/function strategy and annual priorities to make the right decisions.

Finance Competence

Benchmarking 
This is the process of comparing organisational procedures and performance to other organisation and industry best practices.

• Benchmark business performance internally and externally; deliver benchmark management information to specific needs to allow decision-making that pushes performance boundaries.

Business Models
This is the process of organisations being able to align their strategy and vision into operating models for sustainable success.

• Demonstrate awareness of the building blocks of a business model.
• Communicate how an organisation creates value through the business model.

Business Planning

This is the process of evaluating and quantifying a strategically aligned plan, for a defined period of time, which may include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash flows as well as non-financial metrics

• Lead planning processes, including setting targets, communicating assumptions, coordinating budget preparation, challenging submissions and seeking synergies upon consolidation.
• Provide the business with relevant financial support to enable effective planning while applying moderate budgeting and forecasting techniques.
• Provide reasoned advice on modelling, planning and forecasting with reference to cost, time and quality, which might include an understanding of some aspects of the organisation’s strategic direction.

Capital expenditure and investment evaluation and digital transformation
This is the process of assessing investments based on alignment with strategy, affordability, acceptable returns and prioritization of options

• Apply investment appraisal techniques to investment appraisals.
• Perform post-investment reviews
• Demonstrate awareness of established and emerging digital technologies in the wider operating environment.

Corporate Finance 
 

This is the process of estimating the economic value of a business unit or an organisation

• Participate in due diligence assignments for understanding on the real diagnosis of a business.
• Model a basic valuation of a business.

Cost Accounting & Management
 

This is the process of analyzing, planning and managing costs (including product pricing and supply chain analysis) to support implementation of organisational strategies.

• Break down key business processes, allocate costs and income on an agreed standardised basis, and identify performance issues.
• Apply various costing methods such as standard, marginal and absorption methods and explain corresponding advantages and disadvantages.
• Interpret material, labour, variable/fixed overhead and associated variances.
• Apply various techniques such as target costing, value analysis and life cycle, and discuss implications.
• Prepare analysis and reports that enable the business management to effectively challenge costs and inform decision-making.
• Participate in waste elimination efforts with the business to understand key drivers and cost-reduction opportunities.
• Analyse organisation’s digital ecosystem to identify the sources of cost management and transformation.
• Implement cost transformation programme that spans the organisation’s digital ecosystem.
• Analyse the structure, behaviour and drivers of digital products and digital channels.
• Apply costing techniques to digital channels.

Financial Accounting and Reporting
 

It is composed of professional accounting standard, transactional accounting and closing processes and Financial reporting and compliance

Demonstrate awareness and knowledge of the professional accounting standards.

• Calculate non-complex provisions using appropriate methods, identify risks of bad debts.
• Understand the different components and interdependencies of the organisation’s chart of accounts.
• Understand and describe the main elements of financial statements and reports.
• Understand general compliance requirements and provide accurate and timely financial submissions.

Financial Analysis 
 

This is the process of analysing the financial statements and data to provide insights about the financial performance and position of the organisation over time and in comparison with others.

• Provide analysis to support decision-making, including presenting economic outcomes and identifying the key value drivers, benefits, sensitivities and risks, and accounting and fiscal implications.
• Prepare and analyse problems using sensitivity analysis and other techniques; review variance analyses and account reconciliations, and identify significant items requiring the attention of higher-level management.

Performance management 
 

This is the process of measuring and monitoring performance to ensure organisational and personal goals are consistently met by  using analytics to identify variances and root causes and prepare creative solutions.

• Interpret and provide basic analysis of management information and link to business unit strategy and operational performance.
• Analyse business results, identify learning points and help to communicate them through the organisation.
• Distinguish between internal and external factors that have an impact on performance and analyse market and competitor behaviour.
• Review management reports, including identification and awareness of the key causes of business variances.

Risk Management 
 

This is the process of understanding and applying Risk management policies and procedures,  detecting and evaluating risk factors and developing and implementing procedures to mitigate identified risks or exposure to risks

• This is the process of understanding and applying organisational policies/procedures to manage and control both financial and non-financial risks to which the organisation might be exposed
• This is the process of detecting and evaluating risk factors that could adversely affect the implementation of the organisation’s strategy
• This is the process of developing and implementing procedures to mitigate identified risks or exposure to risk, and disclosing risk information to both internal and external stakeholders

Business Skills

Business relations 
 

This is the process of establishing and managing both internal and external relationships to meet organisational objectives and governance responsibilities.

• Analyse stakeholder profile and highlight areas to achieve and improve joint efficiencies
• Demonstrate thorough knowledge of contract terms and their commercial significance; facilitate the successful running of contract using procedures in place for the team and report on performance
• Manage contract change control, variations, payment and final account processes utilising the required systems

Macroeconomic analysis 
 

This is the process of understanding and interpreting the impact of external factors on the organisation such as market/industry trends, geographic trends, cultural needs, stakeholders and consumers.

• Understand the fundamentals of the domestic and global economy
• Possess knowledge of basic macroeconomic measures and have a general understanding of the effects

Project management 
 

This is the process of integrating all aspects of a project, ensuring proper knowledge and resources are available when and where needed and, most importantly, ensuring that the expected outcome is produced in a timely, cost-effective and quality controlled manner.

• Develop simple project plans including business case, contingencies, critical paths and apply project management tools and techniques
• Manage and monitor implementation of multiple project plans and handle obstacles effectively
• Communicate project plans and outcomes

Strategy 
 

This is the process of articulating the organisation’s general sense of identity and direction, outlining why the organisation exists, for whom and what the stakeholders require.

• Aware of the organisation’s business plan, immediate environment and the possible impact of events and activities on the organisation; understand current role in relation to executing the business plan
• Understand the strategic direction of the organisation and highlight areas of potential value or risk
• Observe and notice events that are out of the ordinary, make connections, draw conclusions and feed ideas and observations to senior finance colleagues