Associate - Business Finance (Bfo)

Associate, Business Finance

The Associate Business Finance job is responsible for compiling and analyzing the financial results of the organization. Through business analysis, financial record-keeping, modeling and forecasting, this job helps drive the strategic direction of the organization. Under general supervision, this job also provides financial insights that senior management uses to inform business and financial decisions.

Key Responsibilities and Duties
- Conducts forecasts and models of monthly financial results to allow senior team members to identify drivers, explain key variances and inform recommendations to senior management.
- Supports re-forecasting activities and updating/evolving forecast models.
- Assists with updating general ledger journal entry postings during the closing process to help ensure that financial statements are accurate.
- Prepares ad hoc reports that analyze financial results versus budget/forecasts.
- Ensures financial operations are in alignment with the organization's strategic goals and vision.
- Drafts financial reports and presentations to be delivered to management that inform business and financial decisions.
- Seeks guidance from senior Financial Planning & Analysis team members regarding challenges that require more advanced knowledge and experience.

Educational Requirements
- University (Degree) Preferred

Work Experience
- 2+ Years Required; 3+ Years Preferred

Physical Requirements
- Physical Requirements: Sedentary Work

Career Level

6IC

Position Summary: The position supports lines of businesses or/ and corporate support areas or/ and expense line areas. This position provides support to business leaders/ expense line owners and Management Team on management reporting, future focused analytics, predictive modeling capabilities and problem-solving support to help drive our businesses financial planning, budgeting and forecasting requirements; and supports the CFP&A team to achieve accurate allocation of expense alignment to Management Lines and Legal Entities.

Key Duties & Responsibilities:

- Conduct detailed review of financial reports prepared for management and the development of annual budget and strategic plans/ forecasts
- Excellent presentation & story telling skills
- Extensive utilization of Hyperion/ EPBCS for planning & expense reporting
- Month end close checks including accruals and performing reconciliations
- Preparation of management decks & reports
- Conducts trend analysis relating to spending patterns to prepare strategic and tactical recommendations for achieving quarterly/annual performance
- Evaluates existing reports on an ongoing basis and manages the development of new reports in response to changing reporting requirements
- Develop models / tools for early identification of financial trends and drivers for use across business segments

Management/Leadership Responsibility:
Good team player - coordination of activities within the function with responsibility for achieving results. Should take ownership of his responsibility. Should be flexible enough to accommodate additional responsibilities.

Budget Responsibility:

- Manages budgeting, forecasting, analysis and reporting activities for the business/ expense areas.
- Monitors budgets and ensures that they are aligned with business objectives and plans.
- Ensures management has accurate information and intelligence to make informed decisions.
- Leads ongoing development of underlying data management systems and reporting tools.
- Oversees the production of reports analyzing measurements to evaluate the business unit performance.

Impact:
Nature of Impact - Develops, maintains and strengthens relationships with key business partners to enable effective development of budgets, operations and planning, and forecast development. Networks with the area Leadership Team to provide key analysis and data for business decision making. Regularly interacts with executives, peers and business unit managers. Interactions frequently involve special skills such as negotiating with management, attempting to influence senior level leaders regarding matters of importance to the organization or presenting budgets, forecasts or other relevant data. Confers with executives, peers and other managers to discuss business activities relative to process, timing, policies, procedures, and management reports to resolve problems and recommend solutions.

Area of Impact - The position plays a key role supporting the long term growth strategy of our company and ensures we have the proper service that supports this vision. The number of executives the position faces off with requires a distinct skill set. Makes decisions that have medium to high impact to the organization. Erroneous decisions will have a material impact on the overall success of the business unit’s operations, which may result in economic loss.

Problem Solving:
Analytical skills are required to pull business relevant commentary from the