Finance Officer
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Job Description
Job Description
Classification:Restricted
Job Description
JD No.
Title
Officer Finance BP O2
Reporting to
M FBP
Department
Finance BP Dept
Division
Finance
Job Dimensions
DIRECT REPORTS: x TOTAL HEADCOUNT: x REV: x OPEX: x CAPEX: x
Purpose
This role is to be a part of the Financial Planning and Strategy team reporting to a Manager Finance Business Partner and it will be responsible for having a deep understanding of the costs of certain business areas (assigned portfolio) and of the underlying tools and processes for supporting the line manager and SM FBP in deepening their understanding of the costs associated with the assigned portfolio and for establishing trustbased relationships with the relevant stakeholders within the portfolio business areas (likely Officers or Managers).
Accountabilities
- Work closely with business areas and Financial Reporting & Control so that the monthly financials reflect actuals as accurately as possible for the assigned portfolio incl. ensuring relevant accruals are estimated effectively and reviewing actual postings vs. expectations;
- Prepare relevant auxiliary reports for example to properly estimate accruals;
- Support in the preparation of reports on actuals vs. budget and forecast including financial but also operational data;
- Support in the presentation on the monthly financial performance review vs. budget collaborating getting further information and aligning with business areas stakeholders;
- Support in the tracking of the impact of profit improvement initiatives;
- Support in the preparation of deep dives into the relevant costs together with the line manager and the business areas;
- Support in the preparation of the relevant KPIs to provide to Corporate Strategy;
- Propose and implement improvements to underlying processes and reports;
- Support the line manager and the wider FP&Strategy team in relevant additional analyses supporting informed discussions with internal and external stakeholders.
Budgeting and forecasting: support the line manager in preparing budget proposals together with the portfolio business areas) ensuring correctness of forecast models consistency with defined assumptions capture of relevant cost reduction/ revenue improvement initiatives and alignment with corporate and business priorities. This includes activities such as the following:
- Maintaining the relevant templates updated;
- Collecting treating and analyzing all the necessary information (e.g. on avg. rates per service);
- Updating forecasts regularly based on changes on the operating plan or in business activities as required by the Group Financial Planning team;
- Performing quality checks on the built reports templates and forecasts ensuring that the changes in outputs are explainable by the changes in assumptions;
- Supporting the line manager in challenging the budget proposed by the business areas and in identifying further initiatives to improve profitability.
Support in the partnering with Business Areas and in the respective challenging of them: support line manager in supporting the portfolio business areas. This includes activities such as the following:
- Support in the preparation and validation of business cases put forward based on previously prepared models/ templates to support the evaluation of options;
- Support in the financial evaluation of supplier bids;
- Support in daytoday queries of the business area supported (e.g. mapping of cost centers budget relaxations quick reports etc.;
- Connect portfolio business area and stakeholders to the relevant stakeholders in Finance whenever adequate (e.g. Procurement Accounts Payable etc.;
- Partner with the other Finance departments to understand the finance operations flow and propose improvements based on business and teams needs.
Support in process and tools revision: continuously improve the process/ tools that support regular analyses reporting and forecasting seeking efficiency avoiding redundancies and focusing on relevant and value add metrics. This includes ensuring the team delivers on activities such as the following:
- Support in the revision/ simplification of monthly reporting processes;
- Support in the preparation of Standard Operating Procedures and manuals whenever adequate;
- Support in answering of Internal Audit queries and in closing Internal Audit Open Actions;
- Support in the implementation of the new budgeting tool ensuring that it properly reflects the key budgeting drivers based on most up to date information as well as improvement initiatives;
- Support in the implementation of any other financial system or reporting tool as adequate.
Education & Experience
- Bachelors degree (B.A. / B.S. in Accounting Business Finance or related field
- Working towards a professional qualification in Finance such as ACA / ACCA / CPA / CIMA etc.
- Min 2 years of experience as a financial analyst or related financial systems and reporting
- Advanced Microsoft Office skills particularly Excel; experience with BI tools is a plus (e.g. Tableau/ Power BI)
- Experience with SAP and other accounting systems
- Fluent written and spoken English is required; additional languages will be a plus
- Preference for experience with airlines
Job Holder Signature
Line Manager Signature
Required Experience:
Unclear Seniority
Employment Type
Full-Time
