Procurement Finance Business Partner

3 weeks ago


Feltham, United Kingdom Baysfield Recruitment Ltd Full time

**Overview**:
My client is going through an exciting period of change with a clear strategy in place for further growth. The Group has plans to continue to grow organically, whilst pursuing strategic acquisitions and continuing to build a best-in-class company.

They operate a centralised Procurement team which is responsible for the purchases of all raw materials used for the manufacture of products, as well as other goods and services across the Group. With spend of over €1.4bn on raw & packaging materials andco-manufactured finished products as well as €0.4bn of spend on other goods and services.

As a valued business partner to the Heads of Category, the Procurement Finance Business Partner is a member of the Group Supply Chain Finance team working to provide a stewardship mindset, transparency, challenge and integrity to commercial buying decisionsto generate value for the organisation. The role also supports setting the commercial buying and productivity strategy along with the approach to supplier relationships and agreements.

More specifically the role is responsible for the analysis of my clients spend versus budget or forecast as well as providing management with guidance on future outcomes, working with buyers to deliver a robust budget, forecast and productivity pipelineof future cost saving opportunities.

**Responsibilities**:

- Business partner buyers and the Procurement Excellence Team to generate value for the organisation.
- Accountable for ensuring that accurate financial information and insights are used in decision-making and performance is accurately measured and forecasted.
- Able to identify commercial opportunities and bring these to the attention of the Head of Procurement Finance and Heads of Category.
- Integrates learning from analyses on business performance and resolves issues to ensure delivery of key metrics.
- Preparing the annual Budget for Procurement purchases for the year ahead. Ensuring that assumptions are clear and challenged with buyers and Heads of Category.
- Anticipate issues and recommend solutions to meet forecast commitments.
- Explains and communicates key drivers, including drawing on evidence from external sources.
- Evaluates trends in the external environment and competitive activity and translates these into opportunities and threats analysis.
- Owns procurement price and cost information and supporting the communication of this information and trends to the commercial market teams to support retailer discussions.
- Performing analysis of actual purchases and re-forecasting of expected future pricing with comparisons versus budget, explaining and communicating the key drivers of variances.
- Identification of risk and opportunities and work with buyers to mitigate and close any gaps to target.
- Work with procurement team to identify, verify and track key procurement cost savings projects and initiatives.
- Prepare financial evaluations for ad-hoc business projects or cost-out opportunities.
- Advises on optimal use of financial resources (e.g. working capital etc).
- Evaluation and decision support for procurement cash and working capital impacts.
- Defines and implements small scale process simplification projects.
- Lead, coach and develop direct report in business partnering and financial activities.

**Qualifications**:
Essential
- Education: University graduate, part-qualified accountant.
- Experience: 1-3 years working experience with a track record of delivery in business partnering roles.
- Excellent communication and analytical skills distilling detailed information down into key clear messages.
- Highly numerate + analytical, with good attention to detail.
- Able to lead, coach and develop a direct report to out-perform targets.
- Able to work collaboratively with peers and deliver through team members.
- Organised, strong prioritisation skills and delivery to tight timescales.

Desirable
- FMCG experience.
- Qualified Accountant.
- Procurement or Supply Chain Finance experience.
- SAP experience.



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