Job Description
Job Purpose:
The main purpose of the role is to lead the financial planning process for Smiths Detection and to be an advisor to VP of Finance providing financial, strategic and analytical oversight to improve decision-making into specific business performance.
The individual will be a key member of the Divisional Finance team, providing timely and accurate division-wide management reporting and analysis to the Detection SLT and to the FP&A team of Smiths Group for inclusion in ExCo and Board presentations.
As FP&A Manager you will own the budgeting and forecasting processes for Smiths Detection and are expected to make a full contribution to the financial reporting integrity and financial control environment.
Duties:
* Lead the Division’s business planning cycle, including consolidation of short-term and long-term forecasts. The scope of the analysis includes income statement, cash flow and balance sheet and encompasses internal operating metrics and KPIs
* Management Reporting and Analysis: Manage the analysis and provide challenge to consolidated divisional financial information, including preparing the Monthly Operating Review pack for Exco, ensuring accuracy and consistency, whilst being concise and insightful. Work closely with the Finance Analyst to ensure that inputs in the Planning system are fully completed and reconciled on a timely basis each month, to allow reporting of the results to Divisional leadership and Group. Prepare additional data as required for key stakeholders, such as senior leadership including the Group Executive Committee, Divisional Leadership team and regional management teams. Provide useful and relevant information to support management decision making, understanding, explaining and driving business performance.
* Budgeting and Forecasting: leading the budgeting and forecasting process for Smiths Detection, including:
o Ownership of the instructions and timetable, covering inputs required across the division, review meetings and deliverables;
o Preparing the Detection level roll-up, challenging entity teams where necessary to ensure consistent and realistic assumptions used;
o Preparing information and presentation of data to senior management;
o Ensuring that data being presented is consistent with the narrative of expected business performance and managing any changes required.
* Analytics and Business Information: Drive process improvement in divisional analytics, making use of Oracle (Onyx) Planning, and dashboards in Microsoft Power BI.
* Finance Systems, Projects and Continuous Improvement: complete various ad-hoc projects as required, including improving data flows to enable key FP&A processes, such as using Oracle Planning or Power BI to consolidate reporting metrics. Drive efficiencies within Finance and the wider business, including looking for opportunities to streamline and automate reporting and forecasting activities. Improvements will range from implementing best practices in financial modelling in Excel to changing the use of systems and processes to improve speed, accuracy and flexibility of reporting and analysis.
* Communication: maintain strong relationships and ensure clear communications between Smiths Group, the divisional HQ, functional finance teams and the business units globally. Maintain effective communication with divisional leadership team members and senior stakeholders at divisional HQ and Group.
* Coordination and communication of FP&A processes: the individual will be responsible for ensuring an active dialogue and open communication between the sites and the division in relation to FP&A processes, will provide advice and training in specific areas of focus, and will be a single point of ownership and coordination with the group team.
* Smiths Excellence System Black Belt projects: Provide financial guidance and governance for Smiths Detection Black Belt Projects
* Y Tree: Assist up front benefit calculations associated with strategic Y-Tree projects and provide guidance and challenge through project lifecycle to ensure accountability.
Qualifications
Technical Knowledge, Skills and Abilities:
* Qualified Accountant (CIMA, ACA, ACCA or equivalent)
* Post qualification experience in a role where budgeting, forecasting and management reporting are significant
* Global mind set and comfortable working with a diverse, geographically dispersed stakeholder base. The ideal candidate will have experience of working with consolidated data in a multi-national listed group is an advantage
* Strong analytical skills.
* Results oriented with a record of delivering business performance improvement. Individual should be driven, and be able to work independently and with a small team
* The ability to make effective, timely decisions in a complex, global market by sourcing and analysing critical information whilst engaging, challenging and working effectively with others
* Flexibility with a strong problem solving mindset with the ability to prioritise and effectively handle several concurrent assignments under tight deadlines spanning timeframes, geographies and functions
* Excellent communication skills and influencing skills and a confidence and gravitas to work across the business and with senior stakeholders.
* Good PowerPoint and presentation skills, including preparation of materials for senior leadership
* Excellent Excel skills and experience working with financial systems such as Oracle Smart View and SAP is an advantage.
* The ability to effectively manage the performance of people, monitoring progress on objectives and behaviours and coaching others for success
* Willing and able to identify and support change and continuous improvement in own and wider business environment
* The ability to make effective, timely decisions in a complex global business, by sourcing and analysing critical information.
* The ability to build an effective network of relationships both internally and externally, understanding their customers’ needs.
Additional Information
We offer…
Join us and we’ll help build your career, with excellent training and opportunities for career growth across the business, both locally and globally. You’ll experience an inclusive environment, with strong leadership and a focus on safety and wellbeing. You’ll also have the flexibility to choose from a wide range of benefits to suit your lifestyle, offering you and your family support from a health and wellbeing, financial and lifestyle perspective.
Join us and work for a world-leader, with the benefits and training to reward your dedication and skills. Be part of a team where we are making the world a safer place.
We believe that different perspectives and backgrounds are what make a company flourish. All qualified applicants will receive equal consideration for employment regardless of color, religion, sex, sexual orientation, gender identity, national origin, economic status, disability, age, or any other legally protected characteristics. We are proud to be an inclusive company with values grounded in equality and ethics, where we celebrate, support, and embrace diversity.
At no time during the hiring process will Smiths Group, nor any of our recruitment partners ever request payment to enable participation – including, but not limited to, interviews or testing. Avoid fraudulent requests by applying jobs directly through our career’s website (Careers - Smiths Group plc )