Commerical Accountant Job Description
ob Title: Commercial Accountant
Location: [Insert Location]
Job Type: Full-Time
Department: Finance/Commercial Finance
Reports To: Finance Director/Commercial Finance Manager
Job Summary:
The Commercial Accountant is responsible for providing financial insight and analysis to support commercial decision-making, ensuring profitability and financial sustainability. This role involves partnering with various business units to evaluate performance, manage budgets, analyze margins, and identify opportunities for growth. The ideal candidate will have strong commercial acumen, excellent analytical skills, and the ability to translate financial data into actionable business recommendations.
Key Responsibilities:
- Financial Analysis: Provide detailed financial analysis to support business units, including margin analysis, pricing strategy, and cost control.
- Business Partnering: Work closely with department heads and commercial teams to provide financial insights, forecasts, and performance evaluations that influence strategic decisions.
- Budgeting & Forecasting: Lead the preparation of budgets and forecasts, ensuring alignment with business objectives. Monitor actual performance against forecasts and provide variance analysis.
- Profitability Analysis: Analyze the profitability of products, services, and projects, identifying areas where the business can improve margins or reduce costs.
- Cost Management: Monitor and report on operational costs, highlighting areas for efficiency improvements and providing recommendations for cost-saving initiatives.
- Pricing Strategy: Assist in the development and evaluation of pricing strategies, ensuring they are aligned with market conditions, business goals, and profitability targets.
- Sales & Revenue Reporting: Provide regular sales, revenue, and profitability reports, including trend analysis, to senior management and commercial teams.
- KPI Monitoring: Develop and track key performance indicators (KPIs) that align with the company’s commercial objectives, providing insights to improve business performance.
- Financial Modelling: Build and maintain financial models to evaluate business scenarios, investment opportunities, and long-term strategic projects.
- Investment Appraisal: Assess potential investments, new business opportunities, and projects, preparing financial appraisals to support decision-making.
- Compliance & Risk Management: Ensure financial activities are compliant with internal controls, policies, and relevant regulations. Identify financial risks and recommend mitigation strategies.
- Ad Hoc Reporting & Analysis: Support the finance and commercial teams with ad hoc financial reports, analysis, and projects as required.
Key Requirements:
- Education: Bachelor’s degree in Accounting, Finance, Business, or a related field. Professional qualification (e.g., ACCA, CIMA, CPA) is required or in progress.
- Experience: 3+ years of experience in financial or commercial accounting, preferably in a business partnering role.
- Skills:
- Strong commercial acumen with the ability to link financial outcomes to business decisions.
- Proficiency in financial software (e.g., SAP, Oracle, Excel) and advanced financial modelling skills.
- Excellent analytical and problem-solving abilities.
- Strong communication and interpersonal skills for interacting with non-financial stakeholders.
- Understanding of business processes, pricing strategies, and margin analysis.
- Personal Attributes:
- Proactive, with a strategic mindset and the ability to influence decision-making.
- Strong attention to detail and ability to work under pressure.
- Ability to manage multiple priorities in a fast-paced environment.
Benefits:
- Competitive salary and performance-based bonuses.
- Health insurance, pension plan, and other benefits.
- Study support for professional accounting qualifications (e.g., ACCA, CIMA).
- Opportunities for career development and progression.
- A dynamic and collaborative working environment.
How to Apply:
Interested candidates should submit their resume and a cover letter to [Insert Application Email] or visit [Insert Company Website] to apply. We welcome applicants from all backgrounds and experiences.
This Commercial Accountant job description outlines the primary responsibilities and qualifications needed for the role, focusing on financial analysis, business partnering, and profitability management. It emphasizes the importance of commercial insight in supporting business growth and decision-making.