Role Title: Manager- FP&A
Location: Remote
Coats is a world leader in thread manufacturing and structural components for apparel and footwear, as well as an innovative pioneer in performance materials. These critical solutions are used to create a wide range of products, including ones that provide safety and protection for people, data and the environment.
Trusted by the world's leading companies to deliver crucial, innovative, and sustainable solutions, we provide value-adding products including apparel, footwear and speciality threads.
With a proud heritage dating back more than 250 years and a spirit of evolution to constantly stay ahead of changing market needs, we have operations across 50 countries with a workforce of over 17,000, serving our customers worldwide.
Role Purpose
Supports Coats Group entities on FP&A to ensure Finance Business Partner & Managing Director is supported with requisite information. Support the LT members Apparel leadership team, COE function and with FP&A leads of all the respective units to ensure the entire gamut of FP&A works efficiently in driving business goals.
Principal Accountabilities and Key Activities
Monthly closing & reporting:
- Currently responsible for monthly closing of accounts of Coats Group units, BCS submission and reporting of consolidated results to FBP & MD, Group Finance & Divisional FP&A team.
- Supporting to ensure number accuracy with insights and timelines are met (eg Sales Flash on WD1, Results Flash on BCS close day, Results pack on BCS close + 2 days, Forecast pack, etc).
- Respond to ad-hoc requests and queries related to FP&A from business/Group/other Divisions/units.
- Review, evaluate and conduct iterative financial modelling requirements to provide insights.
- Supporting on Controls, Capex monitoring, Cost allocations deep diving & variance analysis.
- Co-ordinating and supporting various audits (Internal & external).
Forecasts and plans:
- Structure and support the Strategic Plan, Annual Operating Plan and Forecast Processes.
- Provide first line review of Coats Group entities performance and summarize and communicate key issues to management.
- Consolidate plan, budget and forecasts for the Coats Group entities reporting to the FBP & MD by working closely with the Divisional FP&A in line with group initiatives
- Consolidate the completion of the forecasts in a timely and robust manner
- Develop a consistent budgeting and forecasting approach across all units.
- Lead monthly direct cash flow forecast process.
Deal economics:
- Guide on AMC pricing in case of change requests.
- Work closely with Customer Success team for preservation and growth of annual recurring revenue.
Prepare detailed analysis:
- Perform key financial analyses to ensure that key business decisions are aligned with Coats’s overall financial objectives, goals, and metrics.
- Provide, maintain and analyse trends on collection activity
- Work with clusters on updating actual cash flow per direct method and forecast vs actual analysis to drive forecasting accuracy
- Prepare monthly operation support pack to steer forecast vs actual discussion and forecasting improvement
Performance improvement
- Create Detailed Business Reviews to understand and communicate the state of business
- Participates in FP&A meetings and workgroups to identify and implement efficiencies to improve performance.
Team management:
- Conducts regular team meetings to communicate business and team performance
- Build strong working relationships with both Group and Cluster offices
- Coach and develop Cluster FP&A teams and ensure rollout of best practices tools and procedures across the region with a clear focus on ways to evaluate business performance and sustainability of business models
Education, Qualifications and Experience
Essential
- Chartered Accountant
- Minimum 5 years professional experience
- Analytical, logical thinking skills
- Well versed in complex excel setup & presentation skills, Adequate System knowledge (SAP), Power BI / tech tools
- Ability to drive transformational change
- English proficiency
- Emotional intelligence
Desirable
- Sense of urgency / speed
- Responsiveness
- Pro-activeness
- Communication, ability to challenge
- Collaboration
- Influencing
- Conflict management
- Stakeholder management
- Build teams
At Coats Group, we are committed to innovation, excellence, and fostering a diverse and collaborative environment where every team member can thrive. If you are passionate about making an impact in the textile industry and eager to join a global leader with a rich heritage and a forward-thinking approach, we invite you to take the next step in your career with us.
Apply now to be part of our dynamic team and help shape the future of textiles