Commercial FP&A Manager (OPEX/CAPEX)

Commercial FP&A Manager (Opex/Capex)

The position is responsible for consolidating / managing the Operating Expenses (Opex) and Capex budget for Corporate planning cycles, partnering with business functions in ensuring understanding financial impact of business decisions, driving improvements to enhance budgetary control, and ensuring delivery of Opex plan through month and year end closing monitoring and reporting.

Critical to the success of the incumbent will be to build solid working relationship and work closely with multiple business functions impacting Opex / Capex for the market. Opex is substantially comprised of Salary and Fringe costs representing over 3000 employees, therefore main business partner is People and Culture

The role will work operationally with support from FP&A Specialist (Opex / Capex) for whom which the Commercial Finance Manager (Opex/Capex) is expected to coach, guide and develop, together with the FP&A Director to whom both positions will report.

As the Commercial FP&A Manager (Opex/Capex), you will

Corporate Planning Submissions

- Own corporate planning submission process for Opex and Capex from instruction, liaise with partners, review and consolidation, submission of final budget to market planning

- Drive realistic plans from business partners through thorough checking and discussions on drivers / assumptions behind the numbers

- Own the templates required for submission and bring improvements where required

- Prepare Opex / Capex budget for review by FP&A Director, Finance Director and GM via presentation prior all planning cycle submissions

Continuous Budget Management

- Ensure continuous review of budget throughout the year through analysis of actual v plan variances and discussions with partners

- Encourage partners to manage within their own budgets, but raise to Market planning team timely any issues

- Hold quarterly review meeting with partners to review formally and document

- Seek improvements on Salary and Fringe planning (main component of Opex)

Business Partnering for decision making

- Ensure Opex / Capex partners prepare BAP Memo under JTI operating guidelines, facilitate with preparation / review of financial information and ensure quality narratives for smooth approval process

- Guide business partners on the financial impact of making decisions and the respective impact

- Play a challenger role in prudent budget management and spending includng drive of cost consciousness mindet in functions

- Educate non finance teams on finance topics including but not limited to Goods Receipt, Accounting Impacts of OCC and FCF, Operating guidelines, NPV of project

Month and Year End Closing Monitoring and Reporting

- Monitor P&L during month end closing and monitor for expected entries, following up with partners and liaising with Entity Finance as necessary

- Complete analysis of Opex / Capex actual with comparison to latest plan and obtain / corroborate explanations from business partners

- Produce reporting summary for FP&A Director and Finance Director, and present analysis and highlight critical points

- At year end closing, prepare and guide business partners to ensure a smooth year end closing, early closeout of entries and delivery of plan

Coaching and development

- Coach, guide and develop the Commercial Finance (Opex / Capex) Specialist together with the FP&A Director

Other ad hoc

- Perform other ad hoc analysis as requested by the FP&A Director, and necessitated by business requirements.

Who are we looking for

• University Degree in Finance, Accounting, Economics or its equivalent
• Strong financial analytical skills, preferably 5-7 years of planning and reporting experience with multi-national FMCG.
• Excellent written and spoken English
• Functional Skills:
• Strong MS application skills especially in MS Excel and exposure in SAP S4 and BW / GPM
• Possess effective communication style, good presentation and influencing skills.
• Creativity, flexibility and customers oriented attitudes are required.
• Able to manage deadlines under tight time pressure is important.
• Ability to work with great level of details as well as overall view simultaneously.
• Ability to connect the dots. Good financial analysis and business acumen skills.
• Has high learning agility and adaptability to evolving business environment.