Manager, Business Finance

Let’s talk about the Team:

The primary role of Supply Chain Manufacturing Finance team is to partner with the site leadership team in driving forecasting, reporting, analysis, and business support for key strategic decisions. We strive to generate value through providing specialist advice and making recommendations to optimize decision making, delivering transparent process and implementing governance and controls to mitigate risk. You will join a global Finance team focused on adding value to their partners every day, with an opportunity to add value in a growing, NYSE and ASX-listed multi-national market leader in medical devices.

Let’s talk about the role:
 

In this exciting and dynamic position, you will be a key business partner to the Sydney manufacturing team. You will lead and develop a small team of management accountants and collaborate extensively across the Supply Chain Finance team and wider finance function. You will be responsible for overseeing all aspects of cost accounting, budgets, forecasts and periodic reporting of the results for our manufacturing facility, ensuring financial accuracy, efficiency, and adherence to best practices.  Beyond the core accounting functions, you will have high visibility within the company and frequent interactions with leadership, providing valuable financial insights and collaborating on strategic initiatives with global teams.

Financial Planning and Analysis:

• Manage preparation and consolidation of annual plan and quarterly rolling forecasts. Work closely with business partners to gather inputs, validate assumptions, and ensure accuracy of financial projections.
• Collaborate with cost center owners and stakeholders to develop annual budgets and periodic forecasts. Ensure budget alignment with strategic goals and track performance against targets. Provide guidance and support in budget development and variance analysis.
• Manage periodic requirements of costing activities including an update of standard costs.
   

Reporting and Analysis:

• Ensure the timeliness, accuracy and completeness of month-end close activities including reconciliation and analysis.
• Ensure inventory review, month-end queries and GRNI write off process are completed in collaboration with warehouse, planning and payable teams.
• Develop and maintain key performance indicators (KPIs) for site operations and generate regular reports to track performance against targets. Conduct in-depth analysis of financial results, key performance indicators (KPIs), and operational metrics. Identify trends, patterns, and opportunities for improvement. Provide actionable insights to management for strategic decision-making.
• Analyse costs and expenses across various departments and functions. Identify areas for cost optimization, process improvements, and efficiency gains. Collaborate with stakeholders to implement cost-saving initiatives.
• Conduct detailed cost analysis to understand the factors impacting manufacturing costs and profitability. Identify areas for cost reduction, process optimization, and efficiency improvements.
• Develop and maintain financial models to support decision-making related to operations, such as capacity planning, capital investments, and cost projections. Evaluate financial viability of proposed initiatives and provide insightful analysis to facilitate strategic decision-making.

Inventory Management:

• Monitor inventory levels, analyse inventory costs, and provide recommendations for inventory optimization and control. Collaborate with supply chain and operations teams to ensure accurate inventory valuation and minimize obsolescence.
• Oversee inventory valuation, including raw materials, work-in-progress, and finished goods. Collaborate with supply chain and operations teams to ensure accurate inventory tracking, minimize obsolescence, and optimize inventory levels.

Continuous Improvement:

• Drive process improvements within the Ops finance function, including enhancements to reporting, analysis tools, and data integrity. Identify opportunities to streamline processes and increase efficiency.
• Leading, developing and implementing system, reporting (including automation and more meaningful reporting in Excel, Tableau and other tools) and process improvements in collaboration with the Data & Analytics team to enable efficiency and insights.

Stakeholder Collaboration:

• Collaborate with cross-functional teams and business leaders to provide financial guidance and support. Act as a trusted advisor, helping stakeholders understand financial implications, risks, and opportunities associated with business decisions and provide recommendations based on data-driven insights.

Ad hoc Analysis:

• Conduct ad hoc financial analysis and support special projects as required. Provide financial insights and support to operations leadership in evaluating business initiatives and assessing their financial impact.
   

Let’s talk about you:

• Essential:

• Bachelor’s degree in Finance, Economics, Statistics or Business Administration or equivalent industry experience (eg minimum 8 years) ideally in financial planning, analysis and cost accounting in either a manufacturing or industrial setting.
• Experience in Oracle or similar ERP.
• Advanced knowledge of Microsoft Excel and Financial modelling skills.
• Demonstrated ability to build strong relationships with stakeholders across functions based on excellent business partnering skills.
• Understanding of SOX requirements & US GAAP.
• Strong analytical and problem-solving skills.
• Excellent communication, interpersonal, and presentation skills.
• Demonstrated ability to drive process improvements and lead change initiatives.
• Comfortable to challenge the status quo and manage ambiguity.

• Desirable:

• Professional qualification ACCA, CPA, CA or CIMA Qualified.
• Experience in TM1, Anaplan, Tableau, SQL, Python.
• Experience working with Product Development teams.