At a Glance
- Tasks: Analyse supplier costs and collaborate with procurement teams to drive savings.
- Company: Join IAG Transform, part of a leading global airline group.
- Benefits: Enjoy health insurance, pension, performance bonuses, and a great work/life balance.
- Other info: Work in a multicultural environment with excellent career growth opportunities.
- Why this job: Be part of a dynamic industry and make a real impact on financial strategies.
- Qualifications: Degree in Finance or Economics, with 5+ years of relevant experience.
The predicted salary is between 55000 - 65000 £ per year.
About Us
We are part of International Airlines Group (IAG), one of the world’s leading airline groups and owner of some of the biggest brands in the sky. IAG Transform provides creative and innovative solutions to drive sustainable transformation by delivering procurement and airline services, as well as group-wide systems across IAG. Each operating company benefits from the Transform centralised model, driving efficiencies, automation, and economies of scale.
Purpose of the role
- To analyse the Supplier Cost performance across IAG at the most granular level, identifying trends and key movements.
- To work closely with the Procurement teams in IAG Transform to understand status of savings and initiatives and risks to delivery.
- To liaise with OpCo finance teams to reconcile P&L impact of initiatives, align supplier cost reporting to IAG MC and understand/analyse future risks to the cost base.
- Play a key role in the financial planning process and the delivery of Supplier Cost savings across IAG and within Procurement, including forecasting, budgeting and the strategic five-year plan.
- Build good working relationships with these teams and understand both their short-term goals and longer-term objectives – act as a right business partner across the complete breadth of their activities, assessing the financial impact of decisions being taken and challenging where appropriate.
- Evaluate business cases for extended scope/new activities; provide financial support with financial modelling; challenge and provide recommendations.
Your skills, experience and qualifications
- Delivery of Supplier Cost savings and targets from the procurement team.
- Robust reporting framework to provide granularity and insight to IAG MC on a monthly basis.
- Performance and delivery of Procurement Supplier Cost initiatives vs. targets.
- Take an active role in the wider Finance Team; promote best practice and support continuous improvement.
Key Relationships/Interfaces
- Management Committee Directors & their Leadership Teams.
- Other IAG Transform Finance Business Partners.
- OpCo Finance Teams.
Required Skills, Qualifications & Experience
- University degree in Finance, Economics or equivalent.
- Minimum Qualified Accountant (ACA, ACCA, CIMA or equivalent) 5+ years.
- Financial evaluation, influencing, decision making, business acumen.
- Hands-on experience with spend analysis, cost transparency or procurement-related analytics.
- The ability to build excellent working relationships across multiple teams and locations.
- Strong communication skills.
- Confidence in challenging senior stakeholders when appropriate.
- Excellent Excel skills and attention to detail.
- Ability to work both autonomously and as part of a team, as circumstances require.
- Business Partnering experience (even if gained outside of a business partnering role).
- Previous exposure to business cases would be beneficial.
- Knowledge of Finance Operations (P2P, RTR, OTC etc.) would be an advantage.
What we offer
The chance to enjoy a challenging career in an exciting, fast-moving environment in a dynamic industry. The opportunity to work in a multi-cultural environment with great offices in many locations. We support our people in maintaining work/life balance, as well as providing the many benefits one would expect from a global organisation, including health insurance, pension and performance bonuses. We are an equal opportunities employer and all qualified applicants will receive consideration for employment without regard to race, colour, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.
Finance Business Partner in London employer: IAG Transform UK
Contact Detail:
IAG Transform UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Finance Business Partner in London
✨Tip Number 1
Network like a pro! Reach out to current or former employees at IAG Transform on LinkedIn. A friendly chat can give us insider info and maybe even a referral, which can really boost our chances.
✨Tip Number 2
Prepare for the interview by understanding the company’s goals and challenges. We should be ready to discuss how our skills in finance and procurement can help tackle those issues head-on.
✨Tip Number 3
Showcase our analytical skills during interviews. Bring examples of how we've previously identified trends or saved costs. This will demonstrate our value as a Finance Business Partner right from the get-go!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure our application gets seen by the right people. Plus, it shows we’re genuinely interested in being part of the IAG family.
We think you need these skills to ace Finance Business Partner in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Finance Business Partner role. Highlight your relevant experience in financial evaluation and business partnering, and don’t forget to showcase your Excel skills!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for IAG Transform. Mention specific examples of how you've delivered cost savings or improved financial processes in the past.
Showcase Your Communication Skills: Since this role involves liaising with various teams, make sure to demonstrate your strong communication skills in your application. Use clear and concise language to convey your ideas and experiences.
Apply Through Our Website: We encourage you to apply through our website for the best chance of success. It’s the easiest way for us to keep track of your application and ensure it gets the attention it deserves!
How to prepare for a job interview at IAG Transform UK
✨Know Your Numbers
As a Finance Business Partner, you'll need to demonstrate your analytical skills. Brush up on key financial metrics and be ready to discuss how you've used data to drive decisions in previous roles. This shows you can hit the ground running!
✨Understand the Procurement Landscape
Familiarise yourself with procurement processes and how they impact supplier costs. Be prepared to discuss any relevant experience you have in cost analysis or savings initiatives. This will help you connect with the Procurement teams during the interview.
✨Build Relationships
Highlight your ability to build strong working relationships across teams. Think of examples where you've successfully collaborated with different departments. This is crucial for a role that requires liaising with various finance teams and stakeholders.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills and business acumen. Prepare scenarios where you've had to challenge senior stakeholders or make tough financial decisions. This will showcase your confidence and decision-making abilities.