Senior Finance Business Partner, Medius
London
Salary not provided
Excel
Power BI
Senior and Expert level
London
Office located in Long Acre, London
AP management software
Be an early applicant
AP management software
501-1000 employees
B2BSaaSAutomation
Be an early applicant
Salary not provided
Excel
Power BI
Senior and Expert level
London
Office located in Long Acre, London
501-1000 employees
B2BSaaSAutomation
Company mission
To remove complexity, reduce fraud and save money by improving the payments process.
Role
Who you are
- Professional/ Accountancy qualification (CPA, ACA, ACCA, CA, CIMA, or similar)
- Degree ideally in finance, accounting, or a related field
- Advanced Excel and experience using and building sophisticated financial models
- Advanced experience in using data visualisation/reporting tools, ideally with Power BI
- Experience with utilising Finance and FP&A tools that optimise efficiency and effectiveness of core finance processes, business reporting and insights
- Excellent analytical, organizational, and leadership skills with a proven track record of demonstrating the gravitas to drive margin enhancing improvements
- Strong interpersonal and communication skills with the ability to adapt approach to work effectively with stakeholders at all levels
- Resilience to overcome obstacles with an agile approach to delivery focused on continual improvement from a minimal viable product start point
- A collaborative team approach that focuses on maximising team development, coverage of roles and responsibilities and optimal team outcomes
- This includes clear documentation for all documents and files, cross-training 1-2-1s, video training (beneficial), shared delivery of team goals and tasks, and clear handover during holidays, though minimising the need as much as possible with forward planning
- Demonstrate a natural desire and ability to develop and mentor individuals and teams and provide guidance and support across the business to improve overall efficiency and effectiveness
- Always be curious to learn, grow and expand your mindset and those around you
- Think beyond Finance
- Be passionate and proactive and an energiser to those around you
- A proven track record of working in senior finance positions (c.6 years+), ideally within:
- Software-as-a-service (SAAS), subscriptions, FS or higher growth industries
- Extensive experience in financial management
- Deep understanding of financial modelling, scenario planning, forecasting, budgeting, and consolidation
- Excellent written and verbal communication skills with the ability to communicate complex information to both financial and non-financial stakeholders
- Strategic orientation, and the ability to operate at the highest level within the organisation
- Experience using FP&A tools to drive efficiency and effectiveness
- Experience of working under different ownership environments, including VC/ PE, PLC
- Experience of M&A, buy, sell and exit processes and refinancing is beneficial
What the job involves
- The Senior Finance Business Partner role plays a critical role in driving strategic initiatives and operational efficiency
- As the Finance lead and partner to several of the executive team members and their functions, this role is key to providing insights, analysis and leadership to optimise capital allocation and cost efficiency to maximise future enterprise value
- This role involves collaborating with business leaders to understand and align strategies with overall business goals and financial objectives, conducting in-depth financial analysis to support decision-marking, completing key financial planning processes, ensuring suitable cost control measures are in place, and supporting the integration of M&A targets
- As is typical for FP&A, the responsibilities and duties will evolve over to time to support key priorities and strategic objectives
- The following covers a range of the types of priorities that will be important to the role both individually and collectively as a team
- Deliver financial planning, budgeting, forecasting, long-term planning and risks and opportunities assessments
- Implement approved financial strategies into all relevant planning models and ensure inclusion within board reports where appropriate
- Prepare results analysis on P&L and KPI performance and the levers impacting performance, highlighting key explanations for variances with clear future performance impacts and actions for continual improvement
- Report and present results to Leadership, banks and investors where appropriate
- Ensure clarity over cash timing by tracking key contract and invoice terms and renewals and capital expenditure
- Provide or support data requirements to fulfil banking covenants or support refinancing
- Support Finance in ensuring compliance with financial regulations and standards
- Support Finance with relevant analysis required for international statutory reporting
- Develop and implement commercial and strategic strategies that optimise capital allocation and support overall company goals
- This includes understanding the variable and fixed elements of the cost base and how they grow with the business, key project dependencies and support needed to drive strategic initiatives measured and tracked by Objectives and Key Results (OKRs)
- Collaborate with senior management to align financial and commercial objectives
- Drive financial and data hygiene, ensuring reconciliation across systems, including payroll and suppliers
- Identify and evaluate new business opportunities, revenue streams and M&A
- Prepare and produce data-driven analytics with key insights and suggested actions
- Drive optimisation of a cost effective system landscape that provides actionable and clear data insights
- Support the mentoring, guiding and coaching of BI analysts to support with these activities
- Be a mentor, leader and collaborator across the organisation to collectively share and achieve business objectives
- Harbour a growth mindset and demonstrate capability and willingness to expand beyond the job description and annual objectives
- Foster a culture of continuous improvement and professional development
- Support a culture of cost consciousness, ensuring any deviation to budget is substantiated with an approved business plan or corrective action plan
- Seek to understand style and personality preferences of each individual to improve opportunities for collaboration through greater awareness
- Be vulnerable. As you open up you unconsciously give permission for others to open up. As we share our challenges we are better able to process our emotions and move towards solutions or acceptance
- Showcase the Value of the Medius Suite in social networks, Finance events and networking sessions
- See the power of equality and equity as being as powerful to team dynamics and effectiveness as skills, education, competences and experience
- Be a part of a no blame culture where we all take responsibility for each other’s development at every level
- Be vocal and proactive in sharing the support you and those around you need to succeed
- Actively review feedback and insights from clients and competitors to share ideas and knowledge to relevant teams in the business where there is an opportunity to take action to improve the products and client journey and experience
- Take an active interest in technical developments across related and similar products and services to support conversations around product and go-to-market prioritisation
- Key Relationships:
- Finance Director (Director of FP&A)
- The rest of the FP&A team
- Executive team and their reports (varying as required to balance responsibilities across the team)
- Chief Financial Officer
- Banks
- Wider finance team, notably Financial Control
- Investors
- Ensuring cost spend is in line with budget or adjusted as necessary to match business circumstances
- This includes ensuring clear tracking of contract and commercial metrics and terms to ensure timely management of suppliers
- Continuous improvement in cost efficiency through effective resource allocation with focus on optimal short and long-term growth objectives, including consideration for new opportunities and initiatives
- Deliver comprehensive forecasts, budgets, risks and opportunities schedules that have been collaboratively agreed across all relevant and key individuals and ensuring alignment to overall objectives
- Ensure data and reporting integrity with a control framework that ensures one version of the truth tied across systems and platforms, with checks to minimise the risk of error
- Provide comprehensive documentation for data descriptions, assumptions, clarity of sources, last updates, next steps and clarity over who is Responsible, Accountable, Consulted and Informed (RACI matrix)
- Support delivery of commercial objectives including new logo, upsells (increased users/ volume, price increases, upgrades - functionality, increased territories), cross-sells (new product family), churn (client exits), down-sells (decreased users/ volume, price decreases, downgrades - functionality, reduced territories), cross-down sell (churn of product family)
- Support continuous improvement in commercial efficiency through effective resource allocation with focus on optimal short and long-term growth objectives, including consideration for new opportunities and initiatives
Salary benchmarks
Our take
In the US, invoice fraud is on the rise with companies losing an average of $300,000 annually to fraudulent invoices. There is a lack of visibility with one in four finance professionals unaware or unable to estimate the cost of invoice fraud to their business, most likely due to messy paper trails that plague the invoice process.
Medius is an AP automation, payments, sourcing and procurement company. A leading provider in its industry, Medius is going beyond the basics of automation, using artificial intelligence to do the majority of its work, meaning invoices get confirmed, coded and paid automatically and businesses can trust their budgets and forecasts.
With financial professionals beginning to recognise the importance of AP automation, Medius is focused on strengthening its applications as it expects to see exponential growth in the near future. With several rounds of equity funding behind it, Medius is in a prime position to become the category-defining global business for the mid-market.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (1 round)
Dec 2009
$2.9m
EARLY VC
Total funding: $2.9m
Company benefits
- Flexible working hours
- Car Allowance
- Private Medical, Health, Dental Care for Employee and Immediate Family
- Pension Scheme
- 26 days Annual Holidays (including birthday) plus Bank Holiday
- Remote Working where required (office in Manchester & London)
Company HQ
Innerstaden, Linköping, Östergötland County
Leadership
Jim Lucier
(CEO)Previously worked at SAP Concur for 13 years, serving in several roles including President, Chief Revenue Officer, and Chief Customer Officer.
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