Corporate Finance Manager

BAT is evolving at pace - truly like no other organization.

To achieve the ambition, we have set for ourselves, we are looking for colleagues who are ready to live our ethos every day. Come be a part of this journey!

JOB TITLE: Corporate Finance Manager

FUNCTION: R2R

SUB FUNCTION: CFOM

CITY & COUNTRY: Bucharest, Romania

What are the key objectives and expectations from this role?  

Based in GBS, responsible for supporting ADRIA CFOM Lead and Area Corporate Finance Controller. Understandsthe nicotine business and a sound understanding of the key cost/profit drivers that influence it. 

Manages a team with direct reports, including objective setting and monitoring. Ensures a strong control environment is maintained by the team and activities are completed as per their objectives. Other people management activities (e.g., recruitment, expenses, resource, and activity planning).

Builds a strong network within BAT to ensure that issues can be quickly identified and resolved, with the other members of the ADRIA team, other GBS finance teams and other finance stakeholders in Regional, Area and End Market teams. 

Continuously strives for efficiency without compromising the quality and integrity of the Management information. 

Undertakes/supports with other ad-hoc activities and projects (when they arise).

Budgeting and Financial Forecasting: 

• Control and ensure delivery of accurate financial information during SOP cycle (such as cost preparation, P&L and Cash forecast, etc.), in line with group accounting principles and in line with Group’s calendar. Utilise key insights to identify and assess strategic proposals and to direct informed business decisions. 
• Monitoring performance, incoming changes, sensitivities, monthly, across all P&L lines between actuals, budget, latest forecast and prior years, by Market.  
• Review and provide accurate and timely monthly variance and cause of change analysis of volumes, revenue, cost of sales.  

Cost of Sales Variance Analysis: 

• Regularly produce consolidated Cost of sales variance analysis and provide appropriate insight and analysis on COS movements, review with relevant HoF and Area P&R Manager. 
• Lead a monthly drumbeat for Forecast/Actual insights, process and reporting improvements. 
• Act as a point of contact in terms of COS reporting  

Admin Overheads, Other Income and Expenses, Group Recharge Review – supporting and alignment with relevant HoF/Area P&R Manager 

• Analysis of Admin Overheads, OIE and Group recharges for actuals and planning cycles including detailed commentaries for material movements. 
• Provide strategic commercial support to relevant functions (e.g., HR, IT, LEX etc.) 
• Coordinate Admin Overheads Budget Holder Input exercise during SOP4/SOP10 

Bi-annual BS/CF preparation – assumption setting and forecast; coordination and consolidation; supporting and aligning with relevant HoF and Area P&R Manager 

• Work in partnership with the Area P&R Manager, Cluster HoF, Commercial and Corporate Finance teams to control and manage the delivery of the budgets against the target.  
• Prepare insights for monthly Cluster Management Alignment, Business meetings EM/ GBS, Team meetings EM/GBS, Catch-up sessions with stakeholders etc 
• Support the Head of Finance / Function (as appropriate) with all ad-hoc requirements, including but not limited to strategy, internal financial communication, and delivery against key priorities 
• Act as escalation point for local team with GBS to ensure delivery of information is on-time in full (OTIF), and all issues are resolved; If required, identify, and initiate appropriate corrective action to prevent or address significant accounting issues 

ESSENTIAL

Experience Required

• At least 5 years FMCG/ Shared Services/ Corporate Finance/ Management Accounting background

Technical / Functional / Leadership Skills Required

• Good Business/ Commercial understanding and curiosity
• Full Financial Statements understanding
• Good Business/ Commercial understanding and curiosity
• Good BPC, SAP/ technical skills
• Excellent Excel / PowerPoint skills
• Working well independently, adaptable
• Proactive, initiative-taker, solution oriented and continuous improvement mindset
• Stakeholders’ engagement and presentation skills
• Ability to manage, motivate and lead a team

Education / Qualifications / Certifications Required

• Finance & Accounting - Manages transaction process design and reports and measures business performance. 
• Audit & Business Risk - Understands and implements effective & efficient business controls. 
• Decision Support - Prepares ad-hoc accurate and relevant financial analysis to support business decisions. 

BENEFICIAL

• Power BI Experience
• BPC, SAP/ technical skills
• Excel / PowerPoint skills

WE ARE BAT

At BAT we are committed to our Purpose of creating A Better Tomorrow. This is what drives our people and our passion for innovation. See what is possible for you at BAT.

• Global Top Employer with 53,000 BAT people across more than 180 markets
• Brands sold in over 200 markets, made in 44 factories in 42 countries
• Newly established Tech Hubs building world-class capabilities for innovation in 4 strategic locations
• Diversity leader in the Financial Times and International Women’s Day Best Practice winner
• Seal Award winner – one of 50 most sustainable companies

BELONGING, ACHIEVING, TOGETHER

Collaboration, diversity and teamwork underpin everything we do here at BAT. We know that collaborating with colleagues from different backgrounds is what makes us stronger and best prepared to meet our business goals. Come bring your difference!