Financial Business Partner - Supply Chain at Altron Bytes Systems Integration

Job Description

• This position requires a strategic finance professional who will focus on P&L reconciliation, management reporting (inclusive of risks), and budgeting and forecasting for enabling functions as identified and overall responsibility for inventory. You will collaborate closely with leaders in these functions to provide financial insights, support planning, and contribute to the achievement of organizational goals.

KEY RESPONSIBILITIES: 

The finance professional will primarily be responsible for:

• Inventory and Stock Accounting:
• Inventory valuation and management: Ensuring accurate and complete income statements, including right-of-use accounting for property and vehicles.
• Stocktake coordination: Managing stock takes for 900 locations.
• Inventory reconciliations: Matching stock on hand, goods in transit, and work in progress.
• Prepayments and tax: Handling prepayments and having a working knowledge of tax.
• Financial Accounting - Analysis and Reporting:
• Financial reporting: Developing and delivering comprehensive management reports, including risk assessments.
• Financial planning: Managing budgeting and forecasting processes, providing financial guidance, and conducting cost analysis.
• Financial analysis: Performing accruals and releases, conducting variance analysis, and supporting strategic decision-making.
• Month End : Perform all the duties required to successfully complete a month end for various business units. ( analyse for accuracy, calculate and do journals to correct and present results )
• Supply Chain and Operations:
• Supply chain finance: Managing finance for supply chain warehouse 100 and having a general understanding of supply chain operations.
• Billing: Managing the billing warehouse for pending invoices.
• Operational support: Collaborating with functional leaders to implement cost-saving initiatives and supporting strategic investments.
• Required Skills and Experience:
• Inventory accounting: Strong understanding of inventory valuation methods, stocktake processes, and reconciliation procedures.
• Financial analysis: Proficiency in financial modelling, budgeting, forecasting, and variance analysis.
• Supply chain knowledge: Basic understanding of supply chain operations and logistics.
• Large corporate environment: Experience working in a complex, multi-location organization.
• Field service management: Familiarity with field service operations (desirable).

Overall Assessment:

• The role requires a well-rounded finance professional with a strong foundation in inventory accounting. The individual will need to be analytical, detail-oriented, and have excellent communication skills to effectively collaborate with various departments. They will also need to be able to translate financial data into actionable insights to support business decisions.

COMMUNICATIONS & WORKING RELATIONSHIPS:

• Trust, teamwork, communication, and respect are keys to effective working relationships. Develop positive relationships with the individuals you interact with at work to make your job more enjoyable and productive.
• Interaction with the finance team is essential for overall alignment with financial goals, budgeting, and financial planning.
• Regular communication with management and leadership teams to provide financial insights and reports, and to discuss financial strategies (aligned to the function they are assigned to support).
• Collaboration with billing and accounts receivable teams to ensure accurate recording of billing information and proper revenue recognition.
• Interaction with the accounts payable team to coordinate payment processes and ensure accurate recording of expenditures.

QUALIFICATIONS, EXPERIENCE, & SKILLS:

Educational Qualifications:

• Bachelor’s degree in finance, Accounting, or a related field. MBA or professional finance qualification is a plus.

Years of Experience:

• 10 years proven experience in financial analysis, business partnering, or a related finance role

Other requirements:

• Strong understanding of financial principles, P&L statements, and budgeting processes.
• ERP tools expertise B2B B2C
• Financial analysis: Proficiency in financial modelling, budgeting, forecasting, and variance analysis.
• Supply chain knowledge: Basic understanding of supply chain operations and logistics.
• Large corporate environment: Experience working in a complex, multi-location organization.
• Field service management: Familiarity with field service operations (desirable).

Core Competencies:

• Specific Inventory Accounting Skills:
• Inventory valuation methods: Strong understanding of FIFO, LIFO, and average cost methods.
• Inventory control: Knowledge of inventory control systems and procedures.
• Cost accounting: Proficiency in cost accounting principles and practices.
• Stock reconciliation: Ability to accurately reconcile inventory records with physical counts.
• Inventory management systems: Experience with inventory management software (ERP systems).
• Data Analysis and Reporting:
• Inventory analysis: Ability to analyse inventory levels, turnover, and carrying costs.
• Variance analysis: Strong analytical skills to identify and explain inventory variances.
• Financial reporting: Proficiency in preparing financial reports related to inventory, such as the balance sheet and income statement.
• Process Improvement:
• Inventory optimization: Ability to identify and implement process improvements to optimize inventory levels and reduce costs.
• Supply chain collaboration: Effective collaboration with purchasing and operations to manage inventory efficiently.
• Strong analytical and problem-solving skills to analyse inventory data and identify cost reduction opportunities.
• Excellent verbal and written communication skills to explain inventory-related issues to non-finance stakeholders.
• In-depth understanding of inventory valuation methods, cost accounting, and inventory control principles.
• Ability to collaborate effectively with cross-functional teams, including purchasing, operations, and sales, to optimize inventory levels.
• Proficiency in financial modelling and analysis to support inventory budgeting, forecasting, and decision-making.
• Experience with inventory management systems and the ability to extract and analyse relevant data.

Education

• Bachelor's Degree: Finance