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Job Title:  Corporate Finance Development Accountant - New Categories Corporate Finance

Job Number:  29322

Country: United Kingdom
Location:
Southampton
Function: Finance
Level: Experienced Professional
Appointment Type: Permanent

Roles description

Based in GBS Romania or Southampton and reporting to the Corporate Finance Development Manager as part of the New Categories Corporate Finance Team the role is required to support operationalisation of several cross functional programmes within the new categories function including but not limited to supply chain improvement initiatives, new market launches and new category launches.  The role will ensure accurate corporate and commercial reporting, LRD governance, SoX and NVT SODA compliance in each project and proactive drive and stakeholder management is used to deliver well controlled and governed operations with accurate reported financials.  

 

Job purpose and deliverables

  • Third party distribution model – working with end markets that require direct sales from NVT to distributor completing ABAC, contract review and preparation for HOF/FD sign off, establishing pricing and reporting structures, establishing marketing expense processes and processes for continual monitoring of ABAC criteria’s and contract performance incentives to ensure accurate reporting and payments; 
  • LRD – working with end markets, NC IT, LeX and Tax for LRD launch to include drafting board notes and NVT business cases assessments to the NVT board, contract review and pricing, review of marketing recharges process, dealing with initial launch requirements in governed manner e.g. stock for customs classification purposes.
  • Licence markets – supporting Licence market proposals with NVT financial assessment LRD vs Licence, board note preparation and contract review and pricing.
  • Supporting new launch markets with forecasts requirements to ensure accurate capture in overall NVT forecasts reported to the board.
  • Assisting Corporate Finance development manager with developing launch guidance to support new markets to transform reactive launches into proactive managed and timely launches with reduce manual workarounds;
  • Responsible for establishing the accounting for new entities with respect to statutory, management and Group e.g. Nicoventures Swiss and BTV 
  • To support management in production of the ten-year rolling forecast ensuring supportable inputs, documented model, robust and accurate investment appraisal in line with the requirements of IAS 36.
  • To support Treasury and FX reviews with respect to new market launches especially items like FX controls, sanctions and ensuring these items are captured in the ABAC and reported to the HOF, FD and NVT board as required.

 

Essential requirements

  • Degree educated with professional accountancy qualification (i.e. CA/ACCA/CIMA).
  • A good understanding of group and corporate finance principles/experience and ability to deliver commercial insights in a rapidly evolving area of the business.
  • Appreciation of taxation consequences as part of financial reporting would be useful: particularly transfer pricing and limited risk distribution models.
  • Ability to manage a high volume of data and present in a simple, innovative and impactful way using all current systems to simplify and automate information management. i.e. SAP/ BI/BPC.
  • BPC/SAP experience 
  • Experience of IFRS9 and IAS 36 desired but not essential can be taught;
  • End market Finance knowledge desired but not essential;
  • Ability to prioritise and is resilient.
  • Ability to identify process and reporting improvements and proactively implement solutions.
  • Ability to work independently managing stakeholders across a wide range of location and markets.
  • Works as an effective Business Partner with a collaborative and flexible style.  The role will require integration with Commercial Finance, R&D Finance and Operations Finance.
  • Strong communication and inter-personal skills are required to influence and challenge.
  • Maintains excellent working relationships with all stakeholders and is a team player.

 

British American Tobacco is one of the world’s leading multinational companies, with brands sold in over 200 markets, made in 44 factories in 42 countries.

We are proud that we are consistently among the top 5 companies on the London Stock Exchange.

Our portfolio includes our world-famous Global Drive Brands – Dunhill, Kent, Lucky Strike, Pall Mall and Rothmans – along with many other leading international brands, such as Vogue, Peter Stuyvesant and State Express 555.

Alongside our traditional tobacco business, we are also developing products that offer consumers potentially less risky alternatives to regular cigarettes. Our Next Generation Products are already leading the way in the Industry of vapour and tobacco heating devices. We continue to develop a solid portfolio of consumer solutions which already include well known global brands like Vype, glo and Voke.

Contractual Legal Entity: BAT (Holdings) Ltd (GB70)

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