Finance Business Partner
Date Posted: 30/04/2024
Location: London
Job Type: Full time
Apply NowAbout the role
We are looking for a Finance Business Partner to work closely with business areas across the group to provide financial analysis and commercial support to contribute to Just’s business success. This will be achieved by driving efficiencies, producing decision-supporting analysis, investment appraisal and financial planning.
The Finance Business Partner will maintain strong stakeholder relationships with colleagues over a range of levels of seniority, from Executive leaders to cost centre managers. This involves being a ‘critical friend’ by supporting understanding of, and challenging, the impacts of business decisions on financial outcomes.
The Finance Business Partner will ensure effective cost management processes and controls are maintained and improved upon where required.
Responsibilities
Partner with the business: Maintain strong relationships including active communication and visibility with the business. Ensure you are approachable to support them to consider financial consequences to their key decisions. Help the business work through key resourcing challenges and prioritisation with a cost/value lens.
Produce and contribute to regular MI and reporting: Ensure that MI answers the ‘so what’ and that variances are clearly explained. Proactively seek action from MI where there are undesirable variances and contribute. Ensure that processes by which cost information hits the ledger and MI is produced are robust and timely and improved where necessary to increase efficiency.
Ad hoc analysis: Conduct independent deep dive/reviews of Functional cost base to provide insight to business areas. Support project business cases and benefits appraisal.
Forecasting: Maintain regularly updated, rolling forecasts and deliver key inputs into the annual 5 year Plan process including projections of the staff cost base, key strategic development costs and 3rd party costs.
Cost management: Uphold the Finance approval process for new job requisitions raised. Challenge resource mix to ensure we are getting value for money and support the Procurement team in ensuring key third party relationships are appropriately scrutinised from both a commercial and risk management perspective.
Strong business knowledge: Maintain strong business understanding including key product lines, key strategic priorities and markets in which the business operates
Review allocations: Periodically review the allocations basis for the cost areas for which you are the lead including how this reflects changes in business structure and attribution to products and business lines. Understand how allocations flow through into key IFRS and SII financial performance metrics.
Skills and Knowledge
Qualified Accountant (ACA, ACCA, CIMA or equivalent) is essential
Experience of cost accounting in a multi divisional and multi departmental organisation
Experience of budgeting, forecasting and management accounting best practice.
Experience of working in an Insurance or other Financial Services environment is preferred
Experience of a Life Insurance environment would be advantageous.
Working knowledge of IFRS 17 accounting principles would be advantageous
Experience of project/investment appraisal and resourcing/cost management for projects would be advantageous
Knowledge of Oracle would be an advantage but not essential.
Strong and confident communication skills – both written & verbal
Displays the confidence and ability to communicate with and challenge all levels of staff and management, including Executives.
Strong analytical skills.
Ability to handle and manipulate large amounts of raw data into relevant and presentable formats. This will require very effective IT skills – Microsoft Office packages including Word, advanced Excel (including pivot tables, look ups), presentational packages (PowerPoint, PDF).
Ability to present financial information in a clear and coherent manner suitable for presenting to senior management.
Company Benefits
A Competitive Salary, Pension Scheme and Life Assurance
Along with 25 Days Annual Leave plus an Additional Day on us for your Birthday
Private Medical Cover and Income Protection, just in case
A generous and highly achievable bonus scheme – paid annually based on individual and company performance against targets
Opportunity to progress within your career both in-role and within the company
FREE access to the Headspace App, a 24/7 Employee Assistance Helpline and Trained Physical & Mental Health First Aiders (On-Site)
A variety of Employee Funded Benefits available to you via our Online Benefits Portal
Plus, several additional purchase options available for you and your loved ones