OVERVIEW
Position
Business Unit Finance Manager
Job Code
Reports to
CFO (Chief Financial Officer) Foods
Direct Reports
Division/Section
Department
Sector
NEOM Food (NF)
Job Family
Role Purpose
We are seeking a highly motivated and experienced individual to join our team as the Business Unit Finance Manager for the Aquaculture business unit. In this role, you will be the finance lead for one of the business units, which is focused on building assets and partnerships to produce food. Primarily focus on managing the financial aspects of our Aquaculture Joint Venture and establishing further partnerships.
The Business Unit Finance Manager, you will play a crucial role in facilitating the development of business cases, evaluating and setting up partnership models, and analyzing the product flow versus cash flow dynamics. Additionally, you will be responsible for implementing transfer price mechanisms in the value chain, evaluating go-to-market strategies, and closely monitoring the budgets, including operating expenses (OPEX) and capital expenditures (CAPEX).
Your primary objective will be to ensure that all milestones are met and provide accurate financial analysis and reporting to support effective decision-making within the business unit. This will include all standard FP&A requirements working together with our shared services and procurement team.. This role requires strong leadership and communication skills, and advanced knowledge of accounting principles. Key to ensure integrity of financial information for effective decision making.
KEY ACCOUNTABILITIES & ACTIVITIES
Responsibilities
Facilitate the development of business cases:
- Collaborate with cross-functional teams to gather relevant financial data and information for business case evaluations.
- Conduct comprehensive financial analyses, including profitability assessments, ROI calculations, and sensitivity analyses.
- Present financial recommendations and insights to stakeholders and senior management.
Evaluate and establish partnership models:
- Identify potential partnership opportunities and evaluate their financial viability.
- Develop financial models and scenarios to analyze partnership structures and assess their impact on product flow and cash flow.
- Collaborate with legal and business development teams to negotiate and finalize partnership agreements.
- Implement transfer price mechanisms in the value chain:
- Develop and implement transfer pricing strategies to optimize profitability and align with the overall business strategy.
- Monitor and analyze the financial performance of internal transfers and ensure compliance with transfer pricing policies and regulations.
Evaluate go-to-market strategies:
- Analyze market trends, competitive landscape, and customer preferences to assess various go-to-market strategies.
- Collaborate with marketing and sales teams to develop financial models and forecasts for different market entry scenarios.
- Provide financial insights and recommendations to optimize pricing strategies and maximize revenue growth.
Budget tracking and milestone monitoring:
- Monitor and track OPEX and CAPEX budgets for the business unit.
- Analyze actual expenses against budgeted targets and identify areas for cost optimization.
- Ensure that all project milestones are achieved within the set financial parameters and timelines.
- Analyze the trends of Key Performance Indicators (KPIs), especially relating to financial metrics such as sales, expenditures, and profit margin.
- Monitor KPIs and identify the cause of any unexpected variances
- Communication and driving Ownership and Accountability
- Present the monthly and quarterly financial reports of various units and departments
- Implement a business intelligence tool and dashboard reports
- Support management team and the Heads of Department with data-driven analysis
- Creates variance analysis reports and financial models.
- Escalates any financial issues to management.
- Sets and tracks key performance indicators (KPIs) and objectives.
- Completes market research and comparable company analysis.
- Recommends strategies for increasing financial performance.
- Uses popular financial planning and analysis software.
- Manages more-junior financial planning analysts.
- Collaborates with senior members of the accounting and finance teams often based in shared services hubs.
