Vacancy Name
Finance Business Partner
Vacancy No
VN983
Business Unit
Corporate
Job Location
UK
Employment Type
Full Time
Job Details and Responsibilities
Summary: The Finance Business Partner role reports to the Finance Manager - Revenue and WIP and is part of the Lemongrass Finance Team. This job description reflects the essential functions of the Finance business partner role; it does not prescribe or restrict responsibilities that may be assigned. As a small company, the Lemongrass Finance team will work and co-operate closely and assigned tasks may vary from the key elements of the role.
Key Responsibilities:- Be the Finance lead in the Sales win review process, challenging sales assumptions and contract T&C's.
- Develop and maintain relationships with Sales and Delivery teams ensuring correct set up and support the financial management of engagements.
- Monitor specific engagement profitability and identify and coordinate the resolution of issues
- Provide pro-active advice to project management delivery team to increase profitability of engagements
- Accurate and timely production of customer invoices and fees.
- Work with Lemongrass Finance team to manage all elements of the financial close cycle
- Escalate any issues that require resolution to the Lemongrass Finance Business Partner.
As the Finance Business Partner you will be responsible for the following:
Governance & Compliance:- Understand the contract and engagement life-cycle, from inception to completion
- Work with sales in order to achieve better financial controls,
- Review and challenge contract T&C's
- Ensure compliance with Lemongrass finance policies, Lemongrass standard practices and local statutory requirements
- Advise on process setup for engagements
- Advise on engagement closure activities: prepare, review and collect final bill, close engagement elements
Management Reporting:- Monthly Financial Management report & KPI's for distribution to Account Managers & Leadership
- Review & understand costing and pricing for new contracts. Advise on financial and commercial component of bids and new contracts.
- Review reasonableness and understand Account Forecasts on a monthly basis - track and report on accuracy of Estimates at Completion.
- Analyse, report and advise on monthly performance of engagements
- Analyse and report on comparison of actuals data to key metrics
Cash Management: - Ensure invoicing to customers is on-time, complete and in line with supporting contracts, purchase orders, Statements of Work and other supporting documentation and customer requirements;
- Track customer payments. Working with the Credit controller, ensuring all invoices are paid on a timely basis and issues that prevent payment are identified, escalated and resolved.
- Understand engagement approach to invoicing of expenses and ensure invoicing of relevant expenses.
Monthly Financial Close:- Adhere to the monthly close cycle and timetable ensuring periods are closed within given KPI's
- Produce monthly accrued and deferred revenue accounting entries in accordance with revenue recognition statutory requirements.
- Produce monthly WIP accruals and pre-payments.
Other:- Participate in discussions and projects to improve the Lemongrass Finance toolset, productivity and efficiency
- Participate in any other financial tasks and activities as required
Qualifications
- Professional Accounting Accreditation (i.e. CIMA, ACCA)
- Understanding of local statutory requirements
- Knowledge of Revenue recognition accounting US GAAP (ASC606) and UK GAAP (FRS102)
- Strong analytical skills
- Good oral and written communication skills
- Strong organizational, time management and multi-tasking skills
- Ability to work independently
- Good interpersonal skills and an ability to establish key relationships with a number of stakeholders
- Flexible approach and ability to operate across all levels of Finance delivery
- Ability to flex hours during periods of high demand. e.g. month end accounting
- Strong attention to detail
- 10+ years relevant experience
- Strong Excel skills
- Selected applicant will be subject to a background investigation, which will be conducted and the results of which will be used in compliance with applicable law.
Lemongrass Consulting is proud to be an Equal Opportunity and Affirmative Action employer. We do not discriminate on the basis of race, religion, color, national origin, religious creed, gender, sexual orientation, gender identity, gender expression, age, genetic information, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
About Lemongrass
Lemongrass is a software-enabled services provider, synonymous with SAP on Cloud, focused on delivering superior, highly automated Managed Services to Enterprise customers. Our customers span multiple verticals and geographies across the Americas, EMEA and APAC. We partner with AWS, SAP, Microsoft and other global technology leaders.
|
