WHAT DOES A CORPORATE FINANCE MANAGER DO?

Published: August 22, 2024 – The Corporate Finance Manager ensures accurate and timely monthly reporting, including statutory accounts and year-end reporting, while coordinating with global process owners for implementing reporting changes. This role involves maintaining and developing standard operating procedures, supporting control documentation requirements, and providing training to automate processes with innovative solutions. The manager also oversees the integrity of financial data, ensures adequate internal controls for SOX processes, and collaborates with external auditors to conclude annual audits on schedule.

A Review of Professional Skills and Functions for Corporate Finance Manager

1. Corporate Finance Manager Role Purpose

  • Budget Development: Assists in the development and preparation of annual operating budgets and periodic financial reports.
  • Forecasting Models: Analyzes, evaluates, and develops forecasting models, and identifies potential areas of opportunities and risks.
  • Team Supervision: Supervises and provides training and guidance to Financial/Budget Analysts and Clerks.
  • Problem Resolution: Resolves complex problems and eases workloads during periods of peak volume.
  • Management Reporting: Reports to a Manager or a member of Senior Management within the finance and accounting function.
  • Financial Analysis: Responsible for managing financial analysis projects and statistical studies.
  • Investment Evaluation: Evaluates potential investments and divestitures as well as general economic outlooks.
  • Subsidiary Support: Supports the aging report of the company's subsidiaries and amends the average borrowing rate for internal company transactions for an annual period.
  • Tax and Interest Management: Arrange and work on the tax and the amount for charging interest when transferring money.
  • Invoice Oversight: Oversees invoices, debit/credit notes, payment vouchers, etc.
  • Ad-Hoc Assistance: Assists in any ad-hoc tasks.

2. Corporate Finance Manager Essential Functions

  • Corporate Finance Support: Support the Corporate Finance areas
  • Marketing Revenue Planning: Assists in the preparation of marketing annual revenue plans and quarterly forecasting
  • Report Review: Review, assess and improve reports to ensure they meet the needs of stakeholders
  • Financial Modeling: Build high-level and detailed financial models to increase efficiency, identify opportunities, and assess risks
  • Process Improvement Recommendations: Provide value-added recommendations to Finance and Shared Services to improve processes
  • Training and Consulting: Assist with training and consulting of other business units to key financial information, and changes in company accounting policies and procedures
  • Treasury Assistance: Assists in Treasury including the cashless transaction rate trends
  • Budgeting and Forecasting Leadership: Serve as the lead of the budgeting, forecasting, and reporting functions
  • Variance Analysis: Analyze and explain variances between actuals
  • Financial Modeling Support: Assist Controller/Director on financial modeling for special projects
  • Ad Hoc Analysis: Prepare ad hoc analysis and deliver insight on an as-needed basis

3. Corporate Finance Manager Additional Details

  • Treasury Coordination: Coordinate treasury-related activities for the UK Companies' Liquidity forecasting, Cash Flow forecasting, and reporting in BATCASH
  • Treasury Accounting: Ensure correct accounting and reporting for all treasury instrument transactions
  • Business Partnering: Active business partnering with Central Treasury and Central Tax, to identify financing and investing opportunities and ensure smooth execution of these projects
  • Dividend Process Coordination: Coordinate the dividend cascade process, to ensure BAT group pays dividends to its external shareholders
  • Financial Reporting Coordination: Coordinate the monthly/quarterly/annual Group statutory and management financial reporting
  • Bank Process Coordination: Coordinate administrative processes regarding local banks' requirements
  • Control Compliance: Ensure compliance to control framework, and handle SOX reviews
  • Risk Management Recommendations: Provide recommendations to improve the quality of the overall risk management and internal control practices
  • Audit Collaboration: Collaborate closely with external audit to address queries regarding annual financial reporting (Group and Statutory) and SoX compliance
  • Management Support: Support management planning and decision-making by identifying, evaluating information, and recommending actions
  • Business Process Review: Undertake detailed reviews of business processes and activities, collect data on key process metrics, and provide financial input into the preparation of operational business cases

4. Corporate Finance Manager Roles

  • Financial Forecasting: Lead all financial (corporate) forecasts in partnerships with leaders company-wide
  • Strategic Initiative Evaluation: Collaborate with leadership team to evaluate strategic initiatives, provide deep analysis
  • Expense and Liquidity Planning: Support expense and liquidity planning efforts in partnership with senior leadership
  • Process Improvement: Partner with Accounting and Treasury, proactively improve processes and forecasting accuracy across FPandA
  • Business Decision Assessment: Partner with Sr. Management Team/company leadership on assessing critical business decisions
  • Cross-Functional Relationships: Build outstanding and effective relationships with cross-functional teams
  • KPI Development and Monitoring: Support the development and monitoring of KPIs tied to strategic goals, as well as performance metrics
  • EM Relationship Management: Ensure EM needs and relationships are fulfilled and enhanced through proactive involvement and interaction
  • Balance Sheet Reconciliation: Timely analysis, identification, communication, and resolution of balance sheet account reconciliation issues
  • Reporting Coordination: Coordinate with the global process owners on the implementation of reporting changes
  • Process Improvement Identification: Identify areas for process improvement
  • Country-Specific Insights: Provide insights and knowledge in country-specific items and lead management of the team

5. Corporate Finance Manager Tasks

  • Finance Operations Oversight: Oversee the day-to-day operations of the Finance Department of both Toyota Makati and Toyota Bicutan Paranaque
  • Policy Development: Review and develop the company's financial policies and procedures
  • Financial Report Review: Interpreting and reviewing financial reports
  • Financial Forecasting: Forecasts future financial trends
  • Stakeholder Reporting: Reporting to Management and Stakeholders
  • Business Planning: Develop long-term business plans
  • Risk Minimization: Develop strategies to minimize financial risks
  • Market Analysis: Analyses market trends and competitions
  • Decision Analysis: Lead financial analysis of all major business decisions
  • Internal Reporting Management: Manage internal financial reporting and key business metrics
  • Audit Management: Completing audits and financial activities and reportorial requirements
  • Financial Information Delivery: Manage the delivery of financial information, scenarios, and submissions of corporate finance activities for specified country

6. Corporate Finance Manager Overview

  • Regional Financial Information Preparation: Preparing and delivering accurate consolidated regional financial information (budgets, forecasts, and actual results), in line with group accounting principles, analyzing variances, etc.
  • DRBU Coordination: Liaising with Direct Reporting Business Units (DRBUs) and coordinating inputs to contribute to the delivery of Regional targets
  • Planning Guidance: Providing planning guidance to support the smooth running of the reporting cycles
  • Resource Allocation: Ensuring resource allocation decisions and group-neutral transfers are appropriately reflected in budgets, forecasts, and actual results
  • Management Support: Supporting the Senior Corporate Finance Manager and Global CPandA Team with management presentations and ad-hoc requirements, including delivery against key priorities
  • GBS Liaison: Liaising with GBS to ensure delivery of timely, relevant, and accurate regional financial information and ensure issues are resolved (e.g., Closure validation issues)
  • Capex Monitoring: Monitoring and reporting on regional capex forecast vs actual
  • Budget Forecast Monitoring: Monitoring the Regional Management budget forecast with the support of a resource in GBS Costa Rica
  • Accounting Issue Support: Supporting the DRBUs to address significant accounting issues with the support of the center experts
  • Results Communication: Partner with and communicate results to all levels of the organization including senior leadership, sales teams, and accounting
  • Process Improvement: Identify and lead efforts for process improvements to the financial reporting operations' accuracy and efficiency

7. Corporate Finance Manager Job Description

  • Investment Analysis: Perform analysis on potential investment opportunities by building financial models and conducting market research
  • Portfolio Performance Review: Review the financial performance of the investment portfolio, including valuation support, budget review, financial analysis, investment liquidity review, and refinancing plan review
  • Management Reporting: Prepare monthly management reports to Management, including KPI summary, operations and financial performance highlights, as well as commentaries on key financial variances
  • Capital Structure Design: Design capital structure, working capital management, and corporate financing options
  • Professional Communication: Communicate with professional parties, including advisors, auditors, lawyers, and bankers
  • Strategic Forecast Coordination: Coordinate with Line of Business Finance to forecast both the earnings and risk impact of strategic initiatives
  • Strategic Plan Development: Participate in and manage the processes needed to develop the Bank’s strategic plan and its supporting financial forecasts
  • Performance Measurement Framework Development: Work to develop a performance measurement framework, including KPIs (e.g. SVA) at the organizational, customer, and product levels, to support TCBI-level objectives
  • Enterprise-Wide Strategy Implementation: Coordinate with Line of Business Finance and Corporate Treasury to implement enterprise-wide performance measurement and transaction-level strategies needed to adhere to ACLO’s TCBI-wide balance sheet initiatives
  • Financial Performance Articulation: Articulate detailed financial drivers of Bank-level performance and support quarterly earnings and Board preparation
  • Data Governance Framework: Drive Corporate Finance-specific data governance framework and attribute prioritization, with significant exposure to CRM and other technology systems

8. Corporate Finance Manager Functions

  • Business Analysis: Proactively analyzes the business and makes recommendations to leadership to help drive long-term growth
  • Analytics Tool Implementation: Serve as subject matter expert on the implementation of new analytics tools as well as providing guidance and training to the FPandA team
  • Executive Presentation Support: Support build out of monthly business review meetings and budget presentations to the executive leadership team
  • Operational Reporting: Oversight, ownership, and reporting of monthly operating measures and statistics for the warehouse business segment
  • Business Partnering: Business partner to the regional FPandA team in all aspects of planning and analysis of their respective business
  • ROI Financial Support: Creator and owner of Return on Investment financial support, including executive presentation materials, financial impact analysis, internal reporting, and as a member of the ROI leadership team
  • Ad-Hoc Reporting: Support various corporate departments through ad-hoc reporting of financial performance, operational KPIs, operational metrics, and dashboards
  • Financial Diligence and Modeling: Assist in the financial diligence and modeling associated with strategic initiatives such as potential acquisition opportunities
  • FPandA Integration Leadership: Lead the FPandA integration for all acquisitions
  • Budget and Forecast Improvement: Produce annual budget and forecast templates with continued improvement through collaboration with the regional FPandA team
  • Executive Insight: Provide insight to the executive team during the month-end process, as well as weekly and monthly reviews to communicate business performance
  • Investor Relations Support: Support investor relations when needed

9. Corporate Finance Manager Job Summary

  • Global Consolidation Management: Manage global consolidation and reporting of Regional GBS cost drivers by understanding GBS functional budgets and variances versus previous reporting exercises, and consolidation of GBS cost base by Function and by location
  • Planning Support: Advise and support other GBS Finance teams during the planning exercise
  • Variance Communication: Communicate with the Centre and explain the reported numbers and variances vs plan, and offer support to various budget holders (Functions) by providing details on underlying budget assumptions
  • Overhead Review: Perform BPC Reviews of overheads, PandL
  • Finance Pack Support: Provide monthly support for the Finance Management Pack preparation
  • Monthly Reporting: Prepare monthly GBS reports – local entity and management views for Global GBS and review and analyze the actual Year to Date spending against the latest budget version
  • Variance Analysis: Engage with other GBS Finance locations to understand the root cause for material variances and highlight any sensitivities
  • Stakeholder Engagement: Engage regularly with relevant stakeholders to understand if there are any planned changes in the business case assumptions that might trigger a cost baseline change for GBS
  • Material Variance Follow-up: Ensure any material variance between the GBS estimate and the Project estimate is timely followed up with relevant parties and addressed to ensure necessary changes are incorporated
  • Business Case Review: Contribute to Business Case Post Implementation Review (when needed) in line with Group BC requirements
  • Project Support: Undertake reviews and provide input into the company’s projects and new scope migration into GBS that would require Finance support as part of the transition into GBS
  • Standard Reporting Development: Develop and enhance a standard reporting pack for GBS management to be implemented across GBS Centres

10. Corporate Finance Manager Responsibilities

  • Statutory Reporting: Monthly reporting and control of statutory accounts, full pack reporting at fast close and year-end, and production of reporting schedule evidence that accurately ties and supports entries to Group reported numbers
  • Accounting Policy Support: Handle accounting policy and procedure inquiries and ad hoc reporting and analysis requests
  • Training Responsibility: Take responsibility for providing periodic training
  • Process Automation: Develop and assist in automating processes utilizing innovative technical and processing solutions
  • SOP Maintenance: Maintain complete and accurate standard operating procedures and support control documentation requirements
  • Reporting Changes Coordination: Coordinate with the global process owners on the implementation of reporting changes
  • Business Specifications Submission: Submission of comprehensive business specifications where technology enhancements are required, providing training and user testing resources to test enhancements
  • Data Review and Validation: Review and validation of the country's financial and management data to highlight data integrity issues
  • Process and System Understanding: Understand the functionality, interfaces, and interdependencies of the financial processes and systems
  • Internal Controls Assurance: Ensure the existence of adequate internal controls for the development and implementation of SOX processes in their area of responsibility
  • Audit Alignment: Work in alignment with external auditors to conclude annual audits and file accounts on time
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