Commercial Finance Business Partner in Gloucester

Commercial Finance Business Partner in Gloucester

Gloucester Full-Time 60000 - 80000 £ / year (est.) No working from home possible
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At a Glance

  • Tasks: Drive commercial excellence through process optimization and manage Contract Margin Review and Product Based Logistics accounting.
  • Company: Dowty Propellers is part of GE Aerospace, focusing on innovative aerospace solutions.
  • Benefits: Enjoy a flexible benefits plan, including non-contributory pension and private medical cover.
  • Other info: Security Clearance Baseline Personnel Security Standard (BPSS) clearance is required for this role.
  • Why this job: This senior leadership role offers significant visibility and influence across the organisation.
  • Qualifications: Requires a Bachelor's degree in finance or accounting and strong experience in commercial finance.

The predicted salary is between 60000 - 80000 £ per year.

In this high-impact leadership role, the successful candidate will hard-line report to the Dowty CFO and dotted line to the Head of Commercial Operations. This is a strategic position offering significant visibility and influence across the organisation. The successful candidate will be responsible for driving commercial excellence through process optimization, standardization, simplification and strict adherence to financial processes - enabling data driven decision making and improved profitability. The role requires strong financial leadership to guide and own the Contract Margin Review (CMR) and Product Based Logistics (PBL) accounting processes, as well as to create and drive a commercial model supporting customer service contract bids (strategic captures), in collaboration with the Programs and Sales teams. The successful candidate will also play a pivotal role in strategic financial and contract performance management for multi-million-dollar contracts, ensuring financial accuracy, regulatory compliance, and cost efficiency, while collaborating with various stakeholders. This is a senior leadership opportunity for a forward-thinking leader with a track record of success in financial strategy, commercial finance and cross-functional collaboration.

Essential Responsibilities

  • Define and implement standard PBL accounting process in line with GEA/GEAS financial policies and procedures.
  • Improve and develop standard work in all areas of responsibility including successful implementation and integration of the forecast tool for PBL accounting.
  • Develop and/or make recommendations and implement Dowty specific policies and procedures in line with GE Aerospace mandates.
  • Lead financial modelling of new deal Booking Rate estimates, and existing Contract Margin Reviews for CSA/PBL commercial products.
  • Drive operational and technical modelling partnership to develop P&L level analytics, variance analysis, financial tracking, and sensitivity analysis.
  • Communicate to leadership the key drivers and range of outcomes for all PBL/CSA financial models.
  • Drive improvement in CMR process by changing the frequency of the annual CMR process to quarterly updates and thus stabilising the Income Statement and Balance Sheet impact.
  • Demonstrate a proactive approach to support continuous improvement initiatives by collaborating and partnering with Programs to drive cost control and productivity improvements by using breakdown structure methodologies to estimate the labour & material requirements.
  • Lead the introduction of new tools for the modelling and management of PBLs.
  • Ability to drill into ERP level transactions, and from a strategic perspective develop countermeasures to improve first time yield and error proofing in the data accumulation process.
  • Partner with controllership to oversee the CSA/PBL policy and procedures including updates and interaction with key stakeholders, transfer pricing, long term accounting, and Backlog/Order presentation.
  • Assist in preparing and documenting escalation commercial constructs and providing guidance to the team on best practices.
  • Key contact for internal and external auditors related to the CSA/PBL CMR process.
  • Manage timely & accurate reporting and variance analysis for month end closing process, forecast and budgets.
  • Ensure proper control, integrity, and reconciliation for all PBL accounting activities.

For Commercial deal modelling requirements (strategic captures)

  • Focus on business strategic captures while creating and maintaining models based on both commercial and technical inputs from multiple business functions.
  • Outputting a robust business case and being able to articulate areas and levels of risk within the financials.
  • Completing sensitivity analysis to quantify the impact of acknowledged risks triggering and understanding the likelihood of them triggering.
  • Creating and maintaining accurate records of models, including storage, configuration control and documentation of assumptions & their sources.

Required Qualifications and Experience

  • Bachelor’s degree in accounting, finance, or other business‑related field and strong progressive accounting or finance experience.
  • Solid experience in finance, preferably within defence and aerospace, or manufacturing and through life support.
  • Audit Background (KPMG, Deloitte, PWC, E&Y, Accenture).
  • Exceptional analytical skills with the ability to interpret complex financial data and provide actionable insights.
  • For roles outside of the USA - This role requires significant experience in long term accounting, commercial finance, project accounting and audit. Knowledge level is comparable to a Master's degree from an accredited university or college (or equivalent relevant experience).
  • For roles in USA - Master’s degree from an accredited university or college (or a high school diploma / GED) with at least 6 years of experience in long term accounting, commercial finance, project accounting and audit.

Desired Characteristics

  • Deep knowledge of IFRS and US GAAP Accounting.
  • Deep knowledge on Long Range accounting.
  • Deep knowledge of accounting closing processes and procedures.
  • Strong oral and written communication skills.
  • Strong commercial acumen and deal orientated approach.
  • Adaptable/Flexible: being open to change in response to new information, different or unexpected circumstances, and/or to work in complex situations.
  • Demonstrated ability to lead teams, properly manage priorities and drive execution.
  • Advance computer skills: Microsoft Office Suite (excel, PowerPoint, Word, etc.).
  • ERP systems knowledge (Oracle/HFM).
  • Sound understanding of global process and transactional flows.
  • Experience working in a matrixed environment.
  • Chartered Accountant (FCMA/CGMA/CPA).

Flexible Working

Dowty Propellers supports and encourages flexible working arrangements, including hybrid working where possible, and recognises the benefits to employees of having a positive work‑life balance.

Total Reward

At Dowty Propellers we understand the importance of Total Reward. Our flexible benefits plan, called Flex Choice, gives you freedom, choice and flexibility in the way you receive your benefits, as well as giving you the opportunity to make savings where possible.

Security Clearance

Baseline Personnel Security Standard (BPSS) clearance is required and must be maintained for this role. Please note that in the event that BPSS clearance cannot be obtained, you may not be eligible for the role and/or any offer of employment may be withdrawn on grounds of national security.

Right to Work

Applications from job seekers who require sponsorship to work in the UK are welcome and will be considered alongside all other applications. However, under the applicable UK immigration rules, it may be that candidates who do not currently have the right to work in the UK may not be appointed to a post if a suitably qualified, experienced and skilled candidate who does not require sponsorship is available to take up the post.

Additional Information

Relocation Assistance Provided: No

GE Aerospace is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.

Commercial Finance Business Partner in Gloucester employer: GE Aviation Systems Ltd

Located in the UK, Dowty Propellers supports flexible working arrangements to enhance work-life balance. The team values innovation and collaboration, driving excellence in aerospace solutions. Employees benefit from a comprehensive flexible benefits plan tailored to individual needs.

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Contact Details:

GE Aviation Systems Ltd Recruitment Team

We think you need these skills to ace Commercial Finance Business Partner in Gloucester

Financial Leadership
Contract Margin Review (CMR)
Product Based Logistics (PBL) Accounting
Financial Modelling
Variance Analysis
Sensitivity Analysis
Process Optimization