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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Lamwork content is developed through structured review of publicly available job postings and documented hiring trends.
Editorial operations are managed by Thanh Huyen, Managing Editor, with research direction and final oversight by Lam Nguyen, Founder & Editorial Lead. Content is periodically reviewed to reflect observable labor market changes.