Finance Business Partner

Finance Business Partner

Department: Central Finance

Reports To: Head of Finance, Steam Thermal Solutions (STS)

Job Summary: The Finance Business Partner will report to the Head of Finance, Steam Thermal Solutions. The role holder will be a key strategic business partner and advisor, developing and implementing financial strategies that align with and support Steam and Group goals and objectives to maximise returns, across key operational areas of investment and responsibility. As a trusted partner, the role holder will provide leadership and challenge to deliver the business strategy and financial results.

Role scope: The role holder will be responsible for the following areas within Steam Central Functions:
Innovation & Product Development (IPM), Steam Digital & Services, Global Oil, Gas & Chemicals (GOGC) and Sustainability/Green Tech (GT).

Direct Reports: Management Accountants for Innovation & Product Development (IPM), Steam Digital & Services, Global Oil, Gas & Chemicals (GOGC) and Sustainability/Green Tech. Dotted line reporting responsibility for Cotopaxi Finance Accountant.

• Working closely with direct reports to ensure successful achievement of objectives and to enhance and develop the team’s overall capabilities and expertise. Including but not limited to:
• Performance review
• Develop development plan
• Prepare succession planning and manage staff turnover
• Promote and support talent.

• Ownership of business areas’ budgets and forecasts reporting and associated processes. Deliver an accurate, efficient, and transparent plan and forecasts which meet finance and business stakeholder requirements and follow divisional strategy. Planning and forecast future capital needs and prioritisation of investments. Cost optimisation and effectiveness of investments for the business areas globally. Oversight of preparation of balance sheet forecasts for management reporting areas.
• Regularly review and report performance against plan and latest forecast, working with the business to analyse financial and operational variances and recommend corrective action to ensure delivery of commitments. Provide commercial challenge and financial rigour to the business and to key projects so that budgets, commercial arrangements, business cases, and governance expectations are met.
• Oversight of weekly orders/sales forecast for Group reporting, working closely with the business to ensure that there is appropriate level of challenge. Variance analysis and supporting assumptions must be robust and justifiable. Oversight of monthly management reporting process for business areas, including internal reporting submission to Group. This includes monthly variance analysis to budget, and key performance indicators (KPIs). Oversight and continuous improvement for balance sheet reconciliations across management reporting areas.
  
  Working with the management accountants to develop the monthly processes and simplification of complexities within business areas.
• Oversight and coordination of support information for Taxes such as annual Research and Development (R&D) claims. Liaising and coordinating with Group tax.
• Globally, drive the consolidation of the budgets, applying rigour and control to central, divisional and opco budgets. Provide overall governance and support for business cases relating to investment and budgets as well as reporting across Steam Solutions where required within areas of responsibility.
• Development, implementation, and management of all aspects of Financial Planning and Analysis across business areas to enhance efficiency and accuracy in reporting. Provision of data‑driven analysis to support strategic decision‑making across business areas. Drive continuous improvement in financial planning and analysis processes and tools.
• Development, reporting and ongoing monitoring of key performance indicators (KPIs) across business areas. Provision of strategic recommendations for improvement/mitigation of risk for KPIs. Work with business areas to set targets across their areas aligning to overall Steam and Group objectives. Collaboration with opcos across Steam to…