Commercial Finance Business Partner

Position Summary

Why join our team?

The role sits within the broader Finance Operations team with our vision to create value beyond the numbers. Our 5 key goals are as below:

- Commit to excellence
- Partner the business
- Empower decision making through data
- Grow and reward our people
- Innovate and transform

Role and Responsibilities

Your Key Responsibilities:
The purpose of the role is to support the Commercial Finance Manager to provide commercial and financial support to a product sub-division of the DX Divisions of Samsung Electronics UK. The role sits within the Finance Operations team, is a business-partnering role supporting the divisional Product Management and Sales teams, and reports to the Commercial Finance Manager.

Commercial decision support- Support with the development, and implementation of the investment and management frameworks aligned to divisional commercial objectives.- Increase efficiency and enhance commercial results derived from sales deduction investment across all product categories.- Provide financial insight, analysis and appraisal support as required.- Analyze and track the investment performance against the framework and plan, identifying risks and opportunities, working with marketing team to prepare contingency plans for below plan performance- Day-to-day commercial decision making;- Evaluation of customer proposals and bids;

Financial planning- Ensure robust forecasts are in place having challenged and interrogated the key inputs with the relevant partners- Support the Divisions’ annual, quarterly and monthly financial planning processes.- Provide the appropriate level of challenge to ensure that plans are robust, stretching and achievable.- Prepare ad hoc analysis where necessary (e.g. scenario planning, sensitivity analysis).

Driving financial performance- Work closely and collaborate with Product Management and Sales to drive financial performance and ensure that the Divisions’ financial objectives regarding sales, profitability, cash conversion and market share are delivered.- Work with the FP&A team to prepare valuable reporting and analysis to support management and identify significant trends/issues, e.g. monitoring performance versus plan, customer/product profitability etc.- Find opportunities to improve financial performance and grow the business.

Financial management and control- Ensure strong control and governance in the financial activities undertaken by the Divisions.

Provide guidance on the accounting for more complex customer deals, obtaining technical advice from other areas of Finance where necessary and ensuring that transactions can be supported within agreed accounting standards

Skills and Qualifications

What we need for this role

To be successful, you will possess the following skills and attributes:

- FMCG background required. Experience within technology sector and a fast-paced sales environment needed.

Soft Skills
- Strong commercial foresight.
- Ability to work in a high-pressure environment, take quick and effective decisions and direct others.
- Excellent analytical skills to understand business drivers and interpret financial results.
- Strong interpersonal skills, ability to communicate effectively at all levels, get key messages across succinctly and work with others.
- Proven track record in demonstrating accountability and ownership; proactive approach.
- Strong influencing skills to persuade management that your conclusions are correct and obtain agreement.
- Strong reporting skills, display key information and convey messages clearly, concisely and with impact.
- Work well under pressure, with good decision-making skills under tight deadlines.

Hard Skills
- Qualified/Newly qualified accountant (ACA, ACCA or CIMA). with experience in industry
- Up to date knowledge of international accounting standards.
- Experience of working in technology or FMCG sectors;
- Hands on experience of using ERP systems (preferably SAP).
- Ability to implement change process to streamline and make existing processes more efficient.

What does success look like?

Supporting your Commercial Finance Manager and product category with accurate and timely support on all commercial proposals, balancing Sales Deduction investment, key brand/PI metrics, profit and sales volumes using market and channel insights to maximize return on investment and minimize commercial risk.

Acting as a bridge between sales, product management and FP&A to support accurate financial simulations and commercial deal approval.

Ensuring that divisional and sub-divisional forecasts are accurate and reflective of the correct commercial and accounting treatment.

Benefits of working here at Samsung include:

- Bonus Scheme
- Pension contribution
- 3 x volunteering days each year
- Holiday - 25 days per annum plus bank holidays
- Access to staff sales discounts on a wide range of Samsung products
- Access to discount shopping portal

We are an equal-opportunity employe