Position Summary
Why join our team?
The role sits within the broader Finance Operations team with our vision to build value beyond the numbers!
Our 5 key goals are: Commit to excellence, Partner the business, Empower decision making through data, Grow and reward our people and Innovate and transform.
The purpose of the role is to provide commercial, financial and accounting support to a product division of Samsung Electronics UK.
Role and Responsibilities
Your key responsibilities
Financial planning
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Support the Divisions’ annual, quarterly and monthly financial planning processes
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Provide the appropriate level of challenge to ensure that plans are robust, stretching and achievable
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Prepare ad hoc analysis where necessary (e.g. scenario planning, sensitivity analysis)
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Support the wider finance team with analysis as and when required for internal and external reporting
Driving financial performance
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Work closely and collaborate with divisional management to drive financial performance and ensure that the Divisions’ financial objectives regarding sales, profitability, cash conversion and market share are delivered
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Prepare valuable reporting and analysis
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Collaborate with important channel partners and when necessary, negotiate meaningful contractual terms in commercial agreements with customers to ensure effective risk management and improve SEUK's return.
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Identify areas for improvement in financial performance and foster business growth.
Commercial decision support
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To develop, agree and implement the investment and management frameworks aligned to the divisional commercial objectives
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Increase efficiency and enhance commercial results derived from sales deduction investment
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Provide financial insight, analysis and appraisal as required to support
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Day-to-day commercial decision making
Financial management and control
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Complete monthly and quarterly balance sheet reviews, ensuring that balances are accurate and claimed by the customer in a timely fashion and in line with internal aging KPIs.
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Ensure that these costs are completely and accurately recorded, correctly classified, that spend is appropriately justified and within budget
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Provide guidance on the accounting for more complex customer deals
People Manager responsibly
- Be responsible for one direct report
What we need for this role
To be successful, you will possess the following skills and attributes:
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FMCG background required.
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Experience within technology sector and a fast paced sales environment needed
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Qualified accountant (ACA, ACCA or CIMA), with proven experience in industry
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Up to date knowledge of international accounting standards.
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Experience of working in technology or FMCG sectors
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Hands on experience of using ERP systems (preferably SAP).
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Ability to implement change process to streamline and make existing processes more efficient.
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Strong commercial competence.
The interview process
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1st stage with hiring manager and CFM
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2nd stage with Commercial Finance Director and hiring manager – presentation may be required
Skills and Qualifications
Benefits of working at Samsung include
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Hybrid working – 3 days in the office and 2 days at home per week
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Bonus scheme linked to individual, team and company performance
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Car allowance
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Pension contribution
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Three volunteering days each year
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Holiday - 25 days plus bank holidays and an additional day off for your birthday
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Access to discounts on a wide range of Samsung products
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Access to a discount shopping portal
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Partner Colleagues are not eligible for Samsung Enhanced Paid Sick Leave but may be eligible for statutory payments from their payroll agency
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Up to 20 (pro-rata) Partner Absence days per calendar year to be used in times of need
A note on equal opportunities
We are an equal-opportunity employer and value diversity at our Company. We do not discriminate on the basis of race, religion, colour, national origin, gender, sexual orientation, age, marital status or disability status.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
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Top Skills
What We Do
Samsung Electronics is a global leader in technology, opening new possibilities for people everywhere. Through relentless innovation and discovery, we are transforming the worlds of TVs, smartphones, wearable devices, tablets, digital appliances, network systems, medical devices, semiconductors and LED solutions. Samsung is also leading in the Internet of Things space through, among others, our Smart Home and Digital Health initiatives.
Since being established in 1969, Samsung Electronics has grown into one of the world’s leading technology companies, and become recognized as one of the top 10 global brands. Our network now extends across the world, and Samsung takes great pride in the creativity and diversity of its talented people, who drive our growth.
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