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MISSION
The Head of Commercial Finance plays a key role in helping the UK business shape and deliver both short term forecasts and long-term strategic plans. Leading a team of 7, they are responsible for all aspects of SUK's financial planning (3 y plan, budget, estimates & forecasts) for all brands in the SUK Portfolio and they are responsible for routine & ad hoc business analysis & insight in all areas of the P&L and Retail Sales. They provide business partnership to Senior SUK Leadership, supporting on shorter term P&L management decisions to bigger picture, medium to long term strategic decisions thus supporting the SUK business in delivering its KPIs and optimising commercial performance. They are a key UK finance contact responsible for explaining financial performance and outlook to EMEA RHQ team.
ORGANISATION
Reports to: Finance Director
Job Location: London
Contract type: 12m FTC
MAIN RESPONSIBILITIES
- Forecasting and Business Planning
- Lead the annual budget, latest estimate and rolling forecasting processes for SUK, ensuring on time delivery of all aspects (presentations, BPC etc) and alignment with overall business strategy and objectives
- Identify areas for growth and efficiency and proactively identify risks and opportunities, ensuring that these insights are communicated to management in a timely manner to facilitate informed decision-making and suggest & implement corrective measures
- Drive improvements in estimate accuracy
- Support S&OP process from financial perspective
- Business Partnership and commercial support
- Collaborate closely with LT to actively drive business performance by providing strategic insights and recommendations.
- Drive initiatives to enhance profitability and operational efficiency
- Fosters a culture of "high challenge, high support" between the finance function and other departments, encouraging open dialogue and collaboration to achieve business goals.
- Deliver comprehensive analytics to support critical business decisions, including but not limited to new retailer/door entries, promotional evaluations, resource allocation, contract negotiation, retailer profitability, providing high quality commercially focussed financial advice
- Prepare insightful commentary, presentations & present analysis as required for local and EMEA business reviews Provide critical,
- Financial Control & Reporting
- Uphold accounting principles and promote adherence with policies & procedures to stakeholders
- Partner with Accounting team to support monthly close as required
- Ensure delivery of accurate, timely& relevant management reporting for the business, ensuring that reports are actionable and aligned with strategic objectives
- Drive consistency in data quality and automation initiatives to ensure a single trusted version of financial information is maintained through the organisation
- Team Leadership
- Develop and mentor direct reports, providing guidance and support in the day-to-day operations of the brands, including month-end cycles and variance analysis.
- Foster an environment focused on continuous improvement through automation and process enhancement
CANDIDATE PROFILE
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- Essential
- Graduate-calibre qualified accountant (ACMA, ACCA, ACA) with approx. 10 years PQE
- Extensive experience operating in Senior FP&A/Commercial Finance roles within matrix of multi-stakeholder organisation (ideally Retail/FMCG)
- Strong expertise in planning/forecasting/budgeting and performance analysis Experience of leading a commercial strategic planning and forecasting process
- Leadership and Team Management: Proven ability to lead, mentor, and develop a high-performing team.
- Knowledge of SAP and reporting tools incl SQL & PBI
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- Desirable
- Experience of the beauty industry and a strong understanding of business drivers
Behavioural Competencies
- Commercial & Financial Acumen: Deep understanding of financial principles, & practices. Commercially astute with ability to apply analytical skills and to bring them to bear on a broad range of commercial issues and influence decisions, thinking "beyond the numbers"
- Collaboration and Influence: Ability to collaborate with other departments and excellent stakeholder management skills including relationship building & influencing
- Communication: Excellent communication skills to convey financial information clearly and effectively to both financial and non-financial stakeholders. Proven ability to communicate at senior levels and present information in an impactful way
- Prioritisation: Ability to work under pressure with agile mindset, able to manage deadlines across multiple stakeholders
- Innovation and Continuous Improvement mindset: Encouraging innovation and seeking continuous improvement in financial processes and systems. drive change within the finance department and the broader organization.
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