Business Partner Finance

**Division**:
**Department**:
**Sub Department 1**:
**Job Purpose**:
Support the business to achieve the topline budget while protecting the bottom line with financial controls, partner & liaise with diverse functions across the organisation to deliver the desired results and help the management take informed business decisions in a timely manner. Also ensure timely & accurate financial reporting and compliance with all statutory requirements.

**Key Accountabilities (1/6)**:
Business Partnering
- Work closely with businesses teams to prepare the detailed annual budget for the region
- Monitor actual sales on a regular basis and provide inputs to the management on budget achievements and reasons for variances; Analysis of budget vs. actual (volume, price and mix) '“ budgeting control
- Work with business and submit 3 months rolling sales forecasts every month
- Analyse Business risks & ops and SKU mix optimization
- Analyse competition and provide insights to achieve market beating growth

**Key Accountabilities (2/6)**:
Improve margin and cash flow to achieve profitability targets
- Review P&Ls monthly and monitor all expenses against budget
- Support the business in Pricing decisions for tenders, new products or launches and changes in market requirements
- Monitor and Evaluate key KPIs and share findings and highlight key areas for effective action
- Drive better product mix, identify and implement COGS reduction ops & find pricing opportunities to ensure improvement in overall profitability of business
- Follow up on receivables and ensure mínimal overdues

Monitor continuous supply of products to ensure availability in the market while also keeping check on inventory quality & wastages
- Inventory management of the products based on sales
- Analyse & raise red flags for non-moving/slow-moving or excess inventory being carried leading to business wastages

**Key Accountabilities (3/6)**:
Review new and existing legal contracts and arrangements
- Ensure compliance to all legal commitments as per commercial contracts
- Review new agreements to ensure terms are not onerous for the company
- Getting Sanction checks and ensure compliance before entering any new transaction

**Key Accountabilities (4/6)**:
Evaluate new business deals & opportunities; highlight risks proactively, and support the funding requirements & integration process.
- Evaluate the returns for the Company from any new product / brand or M&A deal; carry out necessary financial due diligence, capture all potential legal or commercial risks and share recommendations with management for decision making
- Support all funding requirements by liaising with the parent Co. or banks as may be required
- Help set up new business processes or integrate them with existing businesses

**Key Accountabilities (5/6)**:
Manage all accounting, banking and financial reporting activities
- Co-ordinate with the local accountant for day to day accounting issues and ensure all monthly transactions are entered and maintained properly
- Submission of Financial statements, templates, analytics, eliminations and other closing related information to Corporate Finance as per closing timelines and facilitation of year end statutory audit & reporting process
- Review the financials monthly and deep dive into major variances and errors in accounting.
- Ensure Intercompany transactions accounting and reconciliation with India team.
- Help to standardise formats and reconciliations on a timely basis
- Manage all banking transactions and optimise the payments process wherever required

**Key Accountabilities (6/6)**:
Controls, Compliance & Simplification
- Co-ordinate with audit teams for all data requirements & initiate timely action against all audit observations to ensure the necessary processes are put in place to avoid repeat of same errors
- Take initiative to contribute towards improvisation of system functions. Drive process simplification, automation and improve efficiencies
- Ensure compliance with tax laws, transfer pricing requirements and local country laws and regulations

**Major Challenges**:

- Prioritization of tasks and multitasking
- Quick decision making while ensuring it has no adverse business impact
- Effective stakeholder management (internal & external)
- Dependence on country team for inputs or data
- Adjust working hours as per the country time zone as and when required

**Key Interactions (1/2)**:

- Commercial team
- Regional Central Finance Team
- Corp Finance, costing, FSS, treasury and tax teams
- In-house legal & RA teams
- Supply Chain & CI
- IT / SAP teams

**Key Interactions (2/2)**:

- Tax consultants '“ quarterly basis '“ for tax planning and payments
- Legal Consultants
- External Banks
- Customers / Commercial Partners
- Vendors
- Regulatory bodies

**Dimensions (1/2)**:
LATAM business close to $10+ which is expanding exponentially particularly Brazil and Colombia. Hence Stakeholder management is very critical in terms of language, u