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Bacardi

Careers at Bacardi

Financial Planning & Performance Analyst

Job Name

Financial Planning & Performance Analyst

Country:

United Kingdom

City:

Glasgow

Function:

Finance - Administration

Reporting Line:

Financial Planning and Performance Manager

Job type:

Full time

Lead recruiter:

Hilary Deutsch

About the role

Your Opportunity

The Financial Planning & Performance Analyst role will provide the opportunity to step beyond the numbers and learn about how we make these fantastic products, that consumers enjoy, across the world, every day. They will provide essential financial support to the Support functions of the business, including HR, Finance and Engineering (Capex) to continually deliver effective cost control and drive performance improvement across these areas. The role will be responsible for leading various financial governance and control activities including fixed asset verifications, post project implementation reviews and impairment testing for the UK Operations Centre (UKOC). Some infrequent travel will be required to undertake these activities which will provide the opportunity to work with various teams across the UK and step beyond the numbers, learning about the operations and industry.

About You 

Successful applicants will require a passion for understanding financial processes and how they can relate to a large manufacturing business. They will have the opportunity to affect business decisions by influencing management across many areas of the organization. The individual will need to have excellent analytical and organizational skills, but then be able to concisely and convincingly communicate their findings in order to influence business decisions.

Responsibilities

With our Consumer at the heart, your key responsibilities will be:

Financial Planning and Reporting
  • Assist in preparation, consolidation and reporting of financial forecasts
  • Assist in the consolidation of the other areas of finance to produce the UK OC budget and monthly reporting pack
  • Assist in the creation of a detailed annual timetable for the finance team, defining all reporting and budgeting requirements and communicate reminders across team for upcoming timelines
  • Prepare monthly reporting packs for UK OC support functions, that are timely, accurate, clear and insightful
  • Assist in the preparation and analysis of the local consolidated monthly management reporting pack
  • Analyze monthly deviations against budget / forecast and propose corrective actions
  • Improve use and accuracy of TM1 and SAP ledgers
Capital Expenditure
  • Support the Operations management teams by analyzing and constructively challenging capital investment projects
  • Co-ordination of capex forecasts and budgets and active management of spend vs. target
  • Lead post investment appraisals, working closely with project teams to drive investment strategy
  • Lead physical asset verification activity (including cask assets)
  • Undertake impairment reviews, including infrequent travel to any/all of the UK operational sites to undertake these activities, working closely with local management and engineering teams
  • Provide support in the preparation of the Capital Committee agenda, consolidation and minutes
  • Manage verification of assets under construction accounts and the capitalization process
  • Undertake Goods Receipt/Invoice Receipt (GR/IR) review of capitalized projects
  • Identify and introduce improvements to data capture in SAP in relation to capital expenditure and the asset register to facilitate improved reporting
Business Partnering and Support
  • Provide finance business partner support for HR, IT, Engineering (Capex), New Product Development (NPD) and Finance departments
  • Work closely with other members of the finance team to drive reporting improvements, targeting efficiency improvements at critical times, e.g. month end
  • Working closely with the Engineering management team, challenging on capital projects to ensure the best use of company funds, prioritizing within budget
  • Collaborate with Supply Chain and Spirit Supply teams to prepare analysis and insight to the inventory reports to facilitate the decision making process
Compliance & Accounting
  • SOX testing and maintenance of related documentation (process maps/RACM’s etc.)
  • Collation of information required for both internal and external audit inquiries
  • Monitoring of all agreed Balance Sheet Accounts (non-controlling)
  • Drive improvement in financial governance by critically assessing local UK OC processes, e.g. travel policy, recruitment policy, invoice/purchase order approval levels and create and introduce the UK OC statement of delegated authorities
  • Assist and help co-ordinate annual inventory checks
Transactional Activities
  • Co-ordination with Bacardi Enterprise Services (BES) on transfer of responsibilities, resolution of issues and improvement of KPIs
  • Work with BES to clear the transactional backlog and target root causes to avoid future build-ups
  • Create and transact journals, maintaining general ledger accounts, accounts payable and any general ledger adjustments.
Other activities
  • Provide cover for the Financial Planning & Performance Manager during vacation and other absences
  • Assist with management of global and local insurance policies, coordination of claims, including employers’ and public liability, product recall, theft, vehicle and travel claims
  • Prepare and submit Office for National Statistics (ONS) survey returns
  • Provide analysis required for annual statutory accounts

Skills and Experience

The Skills & Experience needed to create your legacy
  • Part/Soon-to-be or recently professionally qualified accountant
  • Excellent oral and written communication skills with an ability to convincingly state a case with supporting backup.
  • Financial Analysis: Ability to create advanced spreadsheets, explain variances to estimates, identify business risks and opportunities and then make appropriate recommendations.
  • Forecasting: knowledge of, and ability to apply, financial and forecasting procedures. This includes the ability to develop sound assumptions and produce relevant financial projections and models from those assumptions.
  • Technical Accounting: A familiarity with standard financial accounting methodology.
  • Independence: Ability to work and think independently. Then confidence to share and persuade management on the validity of the analysis, conclusions and recommendations.
  • Co-ordination: Ability to meet tight deadlines whilst maintaining excellent standards of outputs.
  • Control Environment: Understanding of internal controls, standards, and processes to ensure accuracy and consistency in data used for decision-making, internal / external reporting and communications.
  • Basic Operating Systems: Knowledge of basic software and operating systems and related aspects (e.g. system tools, software, hardware, related products and controls). Knowledge of SAP desirable but not essential.
Personal Qualities
  • Positive energy, playing well with others
  • Curiosity and a passion for learning, exploring the why and how we do things to develop yourself, the business and those around you
  • An organized approach, with the ability to multi-task at busy times, particularly with a varied workload in a fast-paced environment
  • Committed to your work, the team and helping others, not just willing- but wanting to go the extra mile to make your work and the team’s output the best it can be

Our culture

We share the passion and entrepreneurial flair of our founder and are guided by our three culture pillars - Fearless, Family and Founders, they inspire our Primos to be the best they can be and drive us forward in all we do. But what does this mean?

·       Being Fearless; means adopting an agile mindset, being comfortable trying new things and taking risks. We are empowered to question, challenge and innovate.

·       Family; We treat each other, and our communities, like Family. Always.

·       Founders; The spirit of entrepreneurship is at the heart of everything we do. We see the business as if it’s our own. We do the right thing for the business and we all take accountability for our work.

When you join Bacardi, you become part of our family and gain more than just a job.


Disclaimer: Bacardi is an equal opportunity employer that values workforce diversity. Diversity is core to our business: by embedding diversity into all aspects of our culture, we maximize the opportunity to achieve sustainable business success and growth. The duties and responsibilities described in the role profile might not be a comprehensive list.