Job Description
Key Responsibilities:
- Financial Planning and Budgeting
- Lead the annual budgeting process, collaborating with department heads across the organization to develop detailed, realistic, and aligned operational and financial plans.
- Provide training and guidance to departmental teams on budget preparation, financial forecasting techniques, and variance analysis, ensuring accurate and timely submissions.
- Consolidate and review department budgets, performing detailed analysis and challenging assumptions to ensure overall budget integrity and alignment with corporate goals. Present the final budget proposal to senior management and the board of directors for approval.
- Forecasting and Scenario Analysis
- Develop and maintain financial forecasts on a monthly basis, integrating sales projections and operational metrics. Update forecasts regularly to reflect changing business conditions and market dynamics.
- Conduct in-depth scenario analysis, exploring various “what-if” scenarios related to business strategies, market fluctuations, and economic uncertainties. Present findings and implications to management, enabling proactive decision-making and risk mitigation.
- Build and maintain relationships with key business stakeholders to gather relevant data and insights for accurate forecasting, ensuring cross-functional alignment and buy-in.
- Financial Analysis and Performance Monitoring
- Continuously monitor and analyze the company's financial performance against budget, forecast, and historical trends. Prepare detailed monthly, quarterly, and annual financial reports, highlighting key performance indicators (KPIs), variances, and trends.
- Perform root cause analysis on significant variances, identifying operational and financial drivers and recommending corrective actions or strategic adjustments.
- Conduct ad-hoc financial analyses to support specific business initiatives, investment decisions, or strategic projects, providing actionable insights and recommendations.
- Cooperate with product-line finance team in China, conduct end-to-end profit analysis, provide financial support for whole BG from group perspective.
- Business Partnering and Strategic Support
- Act as a trusted financial advisor to senior management and department leaders, providing financial expertise and strategic insights during the planning and decision-making processes.
- Participate in strategic planning sessions, contributing financial analysis and perspectives to shape the company's long-term growth strategies, product launches, market expansions, and capital allocation decisions.
- Evaluate the financial viability and return on investment (ROI) of new business opportunities, projects, and initiatives. Provide financial models and risk assessments to support go/no-go decisions.
- Collaborate with other departments, such as sales, marketing, operations, and R&D, to understand their financial needs and challenges, and develop customized financial solutions and performance metrics.
- Process Improvement and System Enhancement
- Identify opportunities to streamline and improve financial planning and analysis processes, reducing manual efforts, enhancing data accuracy, and increasing efficiency. Implement best practices and automation tools where applicable.
- Work closely with IT team and HQ FP&A team to enhance and optimize financial systems, ensuring data integrity, integration, and accessibility for FP&A activities. Participate in system upgrades, migrations, and implementations related to budgeting, forecasting, and reporting.
- Continuously evaluate and update financial policies and procedures related to FP&A to ensure compliance with accounting standards, regulatory requirements, and internal controls.
Qualifications and Skills :
- Bachelor's degree or above in Finance, Accounting, Economics, or a related field.
- Professional certifications such as Certified Public Accountant (CPA) is highly desirable.
- 5-10 years of progressive experience in financial planning and analysis, preferably in whole sale or retails industry.
- Proven track record of leading the budgeting and forecasting processes, developing financial models, and providing actionable insights to drive business performance.
- Experience in partnering with senior management and cross-functional teams to support strategic decision-making and business growth initiatives.
- Advanced proficiency in financial modeling and analysis using Excel, with the ability to build complex financial models, perform sensitivity analysis, and use advanced functions and macros.
- Strong knowledge of accounting principles, financial reporting standards (GAAP/IFRS), and corporate finance concepts.
- Exceptional analytical and problem-solving skills, with the ability to translate complex financial data into clear, actionable business recommendations.
- Excellent communication and presentation skills, both written and verbal, with the ability to effectively communicate financial information to non-financial stakeholders at all levels of the organization.
- Demonstrated leadership and team management capabilities, including the ability to mentor and develop junior analysts, and manage multiple projects simultaneously..
- Ability to thrive in a fast-paced, deadline-driven environment, handling multiple priorities and adapting to changing business requirements.
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