Assistant Manager Finance

JOB SUMMARY

The role acts as a strategic financial advisor to the indirect procurement department, collaborating closely with cross-functional teams to drive financial performance, optimize procurement strategies, and ensure sound financial decision-making.

As a Procurement Finance Business Partner, you will play a critical supporting role in driving operational efficiency, identifying cost-saving opportunities, and providing valuable financial insights to support business growth.

KEY RESPONSIBILITIES

1. Financial Analysis and Planning:

• Conduct financial analysis and provide insights on indirect procurement spend, cost drivers, and financial performance.
• Develop and maintain financial models to support budgeting, forecasting, and decision-making processes.
• Collaborate with indirect procurement teams to identify cost-saving opportunities and optimize procurement strategies.

2. Savings Validation:

• Collaborate with the indirect procurement department and cross-functional teams to capture cost savings.
• Monitor actual performance against budgets, identify variances, and provide recommendations to improve financial outcomes.
• Support the development of procurement-specific KPIs and metrics to track and evaluate financial performance.

3. Stakeholder Collaboration:

• Partner with indirect procurement team and cross-functional teams to align financial objectives with business strategies.
• Provide financial guidance and support during contract negotiations, vendor evaluations, and supplier relationship management.
• Collaborate with finance, accounting, and operations teams to ensure accurate financial reporting and compliance.

4. Financial Reporting and Analysis:

• Prepare regular financial reports on cost savings, executive summaries, and presentations for senior management and key stakeholders
• Analyze financial data to identify trends, patterns, and opportunities for improvement.
• Provide actionable insights and recommendations to enhance procurement efficiency and effectiveness.
• Prepare business cases for specific initiatives

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