At a Glance
- Tasks: Drive commercial excellence and optimise financial processes for multi-million-dollar contracts.
- Company: Join a leading aerospace company with a focus on innovation and collaboration.
- Benefits: Competitive salary, career growth opportunities, and a dynamic work environment.
- Other info: Collaborate with diverse teams and lead continuous improvement initiatives.
- Why this job: Make a significant impact on strategic financial decisions and enhance profitability.
- Qualifications: Strong financial leadership and experience in contract management required.
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 organization. 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.
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 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.
Commercial Finance Business Partner in Gloucester employer: IF1200 GE Aviation Systems Limited
At Dowty, we pride ourselves on being an exceptional employer that fosters a culture of collaboration and innovation. Our Commercial Finance Business Partner role offers not only competitive benefits and opportunities for professional growth but also the chance to make a significant impact within a dynamic team. Located in a vibrant area, we provide a supportive environment where employees are encouraged to develop their skills and contribute to meaningful projects that drive commercial excellence.
Contact Details:
IF1200 GE Aviation Systems Limited Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Commercial Finance Business Partner in Gloucester
✨Tip Number 1
Network like a pro! Reach out to people in your industry, especially those who work at companies you're interested in. A friendly chat can open doors and give you insider info that could help you stand out.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their financial processes and how you can contribute to their commercial excellence. Tailor your answers to show how your skills align with their needs.
✨Tip Number 3
Practice makes perfect! Do mock interviews with friends or use online resources to refine your responses. The more comfortable you are discussing your experience and skills, the better you'll perform when it counts.
✨Tip Number 4
Don't forget to apply through our website! We love seeing candidates who take the initiative. Plus, it gives you a chance to showcase your enthusiasm for the role right from the start.
We think you need these skills to ace Commercial Finance Business Partner in Gloucester
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the role of Commercial Finance Business Partner. Highlight your experience in financial leadership and any relevant processes you've optimised. We want to see how you can drive commercial excellence!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this strategic position. Share specific examples of how you've improved financial processes or collaborated with teams to achieve success.
Showcase Your Analytical Skills:Since this role involves a lot of data-driven decision making, make sure to highlight your analytical skills. Talk about your experience with financial modelling and how you've used analytics to drive improvements in past roles.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at IF1200 GE Aviation Systems Limited
✨Know Your Numbers
As a Commercial Finance Business Partner, you'll need to demonstrate your financial acumen. Brush up on key financial metrics and be ready to discuss how you've used data to drive decision-making in previous roles. This shows you can handle the financial leadership aspect of the job.
✨Understand the Business
Familiarise yourself with the company's operations and how finance plays a role in driving commercial excellence. Be prepared to discuss how you can optimise processes and improve profitability. Showing that you understand the bigger picture will impress the interviewers.
✨Prepare for Scenario Questions
Expect questions that ask you to solve hypothetical problems related to contract margin reviews or financial modelling. Think through your past experiences and be ready to explain your thought process and the outcomes. This will highlight your strategic thinking and problem-solving skills.
✨Showcase Your Collaboration Skills
This role involves working closely with various stakeholders, so be ready to share examples of how you've successfully collaborated in the past. Discuss how you’ve partnered with teams to drive cost control and productivity improvements, as this will demonstrate your ability to work cross-functionally.
