WHAT IS THE ROLE:
This is a new role to provide commercial and financial support in the set up and ongoing management of 3rd party relationships, including development of internal and external Management information and controls. This requires close working relationships with key stakeholders to understand the aims and terms that are agreed, ensure that all required documentation and internal requirements are in place, and to monitor, measure and report on the ongoing performance of the relationships.
WHAT YOU WILL DO:
Development of standard financial and risk contractual terms to aid trading team negotiations
Working with internal stakeholders to ensure that existing and new relationships are fully understood, agreed and performing to plan. You will initially work with the following areas:
CEO to understand 3rd party strategy aims
Trading team negotiating terms with 3rd parties and these terms are adhered to when serving the 3rd party
Legal support to ensure financial terms are adequately documented
IT to ensure MI development and control mechanisms are developed
Warehouse & Finance teams
Develop the 3rd party supplier strategy summary document and maintain with each new arrangement including nature of arrangement and profitability assessment with detail including:
Signed contracts
Agreed commercial terms
Internal and 3rd party owners
MI Suite for trading information – Sales / Stock etc
Profitability information included additional / other costs
Through the Development of 3rd party supplier template of key information to support including risk rating, you will be the key contact for risk mitigation and advice including
3rd party information (company accounts / credit rating / news)
Company status, VAT and duties required status
Contract financial terms in conjunction with legal review
Management of 3rd party MI agenda and reporting including supplier reconciliations and payment adherence
Profitability analysis weekly and monthly
Invoice v MI reconciliation and issues resolution
Automate reporting information for the board and other key stakeholders
WHAT YOU WILL BRING:
+5 years ACCA/ CIMA/ ACA
Finance project development
3rd party liaison and management
Excellent Excel and other MI skills