Finance And Commercial Manager

NicheHR LLP; London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A renowned HR consultancy in London is seeking a Finance & Commercial Manager to oversee financial performance and ensure profitability within the FMCG sector. Responsibilities include managing budgets, ensuring compliance with accounting standards, and coordinating supply chain activities. The ideal candidate has strong financial analysis skills and experience in risk management, with a focus on profitability. This role offers a competitive salary and the opportunity to work with a dynamic team.

Qualifications

• Experience in finance roles, especially in FMCG.
• Strong understanding of IFRS and local accounting standards.
• Proficient in managing budgets and financial performance.

Responsibilities

• Manage and ensure profitability of the business unit.
• Prepare, present, and control the annual budget.
• Ensure compliance with local accounting standards and regulations.
• Coordinate with supply chain teams for timely order fulfillment.

Skills

Financial analysis

Risk management

Negotiation skills

Profitability management

Job description

Overview

Job Title: Finance & Commercial Manager

FMCG Client hiring

Location: London, UK

Responsibilities

• Finance & Commercial: Manage and ensure profitability of the business unit. Advise management by identifying financial and operational risks and providing insights on areas of concern. Recommend effective resource utilization strategies. Negotiate financial terms and conditions with business associates and distributors. Perform quarterly customer account reconciliations and balance confirmations. Drive cost control initiatives and profit improvement projects. Manage claims processing and pricing structures.
• Budgeting & MIS: Prepare, present, and control the annual budget. Monitor business performance against budget and recommend timely corrective actions. Support pricing decisions to protect margins, including calculating distributor ROI and participating in distributor margin strategies. Create and monitor secondary sales and stock MIS by customer and SKU.
• Compliance & Risk Management: Ensure compliance with local accounting standards, IFRS, and other regulatory frameworks. Maintain proper records in accordance with statutory requirements. Ensure all transactions adhere to the Standard Operating Procedures (SOP) and Delegation of Authority (DOA). Provide risk mitigation advice to management as needed.
• Supply Chain Coordination: Ensure timely availability of finished goods in line with the sales plan across various SKUs. Coordinate with international supply chain teams for timely order fulfillment. Liaise with production to meet sales dispatch requirements. Communicate changes in dispatch plans to all relevant departments. Provide demand-based planning inputs. Ensure proper documentation and timely clearance of containers at customer sites.
• Other Responsibilities: Lead the implementation of new systems and processes. Manage salary processing and payroll tax return filings.
• Audit & Taxation: Ensure compliance with internal, external, and process audits. Review audit findings and oversee corrective action implementation. Liaise with tax authorities for state and federal compliance matters. Handle credit control, credit insurance, and customer collections. Ensure timely tax compliance, overhead bookings, and scrutiny.