EMEA Operations Financial Analyst
3 weeks ago
About Us:
New Balance has been a driving force in empowering people through sport and craftsmanship to create positive change in communities worldwide since 1906.
Job Mission:
As the key Finance Business Partner for Operations & Logistics, you will play a pivotal role in overseeing & managing the financial aspects of this function.
Key Responsibilities:
Financial Analysis and Reporting:
- Conduct regular financial analysis to assess & provide insights into the performance of operations and logistics functions, identifying areas for improvement.
- Prepare financial reports, including variance analysis and KPIs, to monitor & evaluate the company's financial performance, highlighting key trends and insights.
- Develop and maintain financial models to support forecasting, budgeting, and decision-making processes.
Budgeting and Forecasting:
- Collaborate with operations and logistics teams to develop annual budgets as well as both short-term and long-range forecasts.
- Monitor actual performance against budgeted targets and provide variance analysis.
- Identify risks and opportunities and recommend adjustments to achieve financial goals.
Cost Management and Operational Efficiency:
- Partner with operations managers to analyze and optimize operational costs.
- Identify areas for cost reduction or process improvement initiatives, implement cost-control measures, and monitor operational expenses to achieve financial objectives.
- Track cost-saving initiatives and assess their impact on financial performance.
- Collaborate with cross-functional teams to streamline workflows and optimize resource allocation.
Inventory Management:
- Develop a regional inventory management strategy to control costs within budgetary limits, generate savings, rationalize inventory, and maximize available working capital.
- Minimize overstocks and remove obsolete or redundant inventories to maximize availability of working capital.
- Manage KPIs and control measures to ensure red-flags or unusual trends are highlighted, addressed, and resolved.
Business Partnership:
- Serve as a trusted advisor to operations and logistics leaders, providing financial insights and guidance; participate in cross-functional meetings and projects to support strategic decision-making.
- Collaborate with stakeholders to develop financial plans aligned with operational objectives.
- Manage, coordinate, and coach a small team of management accountants.
Requirements for Success:
- Bachelor's degree in Finance, Accounting, Economics, or a related field; Master's degree or professional certification (CPA, CFA) preferred.
- Proven experience (10+ years) in finance or accounting roles, with a focus on financial analysis and business partnering, preferably in a managerial role.
- Strong understanding of financial principles, regulations, and best practices as well as operational and logistical processes.
- Advanced proficiency in financial modeling, forecasting, and data analysis tools (Excel, ERP systems).
- Excellent communication skills, with the ability to effectively communicate complex financial concepts to non-finance stakeholders.
- Strong analytical and problem-solving skills, with a keen attention to detail and accuracy.
- Problem solvers collaborating with others in finding solutions to challenges as well as ways to improve processes or develop new methods in managing & balancing cost, efficiency, and profitability.
- Ability to work independently and collaboratively in a fast-paced, dynamic environment.
- Demonstrated ability to influence and build strong relationships with stakeholders at all levels of the organization.
Benefits:
- Discretionary Bonus Opportunity.
- Private Medical Insurance.
- Dental Scheme.
- Pension Scheme.
- Flexible Working Hours (07:00 – 10:00 start, 15:00 -18:00 finish).
- Hybrid working (3 days on-site).
- 25 days Annual Leave per year.
- Life Insurance.
- On Site Gym.
- Employee Discount.
- Opportunity to work abroad for four weeks per year.
- Wellbeing and Mental Health Benefit (24/7 Employment Assistance Program & Support).
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