Divisional FP&A

Position Title: Divisional 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:

• To support the Senior Divisional Finance Director and relevant stakeholders (Division and Group) for budgeting and decision making with insights and financial analysis to maximise division’s financial and strategic deliverables.
• Be the second point of contact for all finance related activities for Apparel Division and across all the Apparel managed Business Units, providing advice and support to the Apparel finance leadership team.

Principal Accountabilities and Key Activities

1. Support the Senior Divisional Finance Director in providing leadership to the AFLT and Finance team within the BUs of App Division

• Support the AF leadership team in developing strategic initiatives and setting appropriate goals/targets
• Provide leadership in leveraging AI initiatives for business-wide process optimization and integration with the finance function.
• Ensure that team delivers the highest standard of teamwork and support within the BUs, functions and departments.
• Ensure optimal deployment of resources to achieve business goals.
• Develop finance and accounting team goals that are fully aligned with the Division and Group goals.

      2. Accounting and financial controls

• Develop a strong business and financial control environment, ensuring full compliance of Group accounting policies, procedures and supported guidelines.
• Manage the financial reporting process ensure maximum team’s productivity, leveraging on Group’s resources, e.g. COE and TST, controllership and GIA team.
• Future proof the financial and accounting process to meet the needs of the business today and the future; ensuring continuous improvement of accounting and financial processes, leveraging on best practices across the Group.
• Coordinate and manage the key activities for statutory compliance, like external audit, timely completion of audited financial statements, GIA review, local tax review etc.

      3. Management reporting and forward-looking activities

• Ensure a robust financial management reporting tool, process and reports are in place to support business decisions and deliver the ongoing and future strategic needs of the business
• Drive annual budgeting process and mid-term plan process to be aligned with the strategic goals of the business
• Provide ongoing financial modelling and analysis expertise to support business decisions for forward looking activities of all time frames, i.e. monthly rolling, quarterly forecasts, Plan and MTP

      4. Decision Support / Management Reporting & Analysis

• Review, evaluate and conduct in-depth performance / root-cause analysis on actuals (incl. trends, variances, etc.) to provide clear insights to lead business improvements and deliver financial KPIs
• Drive financial analyses to support key operating decisions, examples:

i. Revenue Management: customer / contract profitability, pricing sensitivity

ii. Innovation: new product margin analysis, volume uplift / cannibalization, etc.

iii. Productivity: manufacturing / sourcing productivity, project analysis and financial evaluation

• Drive operational management discussions, supporting in assessing investment opportunities (e.g., Capex, M&A)
• Support financial analysis / valuations for investment decisions and write business case / IAAF, working collaboratively with other functions for inputs e. Support investment decision-making process

      5. Treasury, Legal and risk management

• Oversee the cash management function, including banking relationships and ongoing banking relationships for smooth business operations. 
• Assist in ensuring a robust cash flow forecasting, both short term (within the month), mid- and long-term cash forecast. 
• Responsible for risk management (financial and business) of the business unit
• Help review and update (when needed) the local delegated authority (DOA) to ensure it is fit for purpose of the business unit at any one point in time.

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.