1. Scope of the position
The Financial Planning and Analysis Manager plays a pivotal role in enhancing the financial performance of the Group by providing comprehensive cost and financial analysis.
2. Key Responsibility
- Conducts thorough analysis of existing business processes and performance metrics, including detailed profitability assessments by product, customer, and location.
- Identifies and evaluates opportunities for improvement across various areas such as purchasing, procurement, staffing, and direct and indirect costs.
- Collaborates with relevant teams to implement strategic initiatives aimed at optimizing financial performance.
- Conducts extensive market research to recommend changes to pricing strategies or business models, supporting commercial teams in new business tender analysis.
- Supports decision-making processes by providing accurate cost-benefit analysis and conducting in-depth capital business case preparation and analysis.
- Performs profitability analysis for specific products and technical service projects, providing actionable recommendations for improvement.
- Develops and implements robust reporting systems in collaboration with the IT department to enhance financial transparency and reporting efficiency.
- Provides ad hoc financial analysis, variance analysis, and detailed reports as required by senior management.
3. Key Performance Indicators
- Timely execution and implementation of cost-saving initiatives and strategic improvements.
- Accuracy and relevance of financial analysis provided to commercial, operations, and finance teams to support informed decision-making.
4. Decision making authority
The Financial Planning and Analysis Manager holds the authority to recommend and implement cost-saving initiatives and strategic improvements across various operational areas, including purchasing, procurement, and staffing, to optimize financial performance.
The above is not exhaustive. Other duties and responsibilities may be added as the employee’s immediate supervisor deems appropriate.