WHAT IS A COMMERCIAL FINANCE AND MANAGEMENT ACCOUNTING ?
This position acts as a vital link between Commercial Finance and Management Accounting, concentrating on the assessment of Supplier ROI, the formulation of pricing strategies, and the analysis of promotional effectiveness. It plays a supportive role in facilitating efficient month-end closures and conducting variance analysis as required. At the heart of this role is the commitment to cultivate a culture of ongoing improvement, through the identification and implementation of process enhancements that boost efficiency and productivity.
Need-to-Know Overview of a Commercial Finance and Management Accounting
1. Commercial Finance and Management Accounting Functions
- Support the month-end process within given timescales; to include processing routine journals; investigating variances,
- Suggest corrective action where required
- Preparation and review of monthly Control Account reconciliations
- Support the preparation of reports and presentations in advance of Board Meeting
- Business Partnering Support across the business
- Promote a process improvement environment across the business, identifying inefficiencies, suggesting and implementing improvements
- Adhoc data analysis, reporting, and presentation requests
- Responsibility for the analysis and reporting of return on investment for suppliers
- Pricing and promotional analysis using internal systems and excel tools
- Provide financial and performance-related insight for internal departments
- Financial support for internal commercial managers
- Work with IT to enhance reporting systems
- Continuous improvement focus – support commercial finance team to work efficiently and support on projects to facilitate this
2. Commercial Finance and Management Accounting Requirements and Qualifications
- Advanced Excel skills necessary
- Intermediate level of Word & Outlook
- High level of numerical ability, accuracy and attention to detail
- Excellent time management, prioritizing and organizing skills
- Good verbal and written communication skills
- Ability to use advanced Excel to analyze, manipulate and present data effectively
- Ability to communicate effectively and build strong working relationships at all levels
- Ability to work as part of a team
- Self-motivated and able to make decisions
- Flexible to change
- Problem-solving skills with a pro-active attitude
- Prepared to hit the ground running
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