Finance Strategy & Process Manager - Recharges

Location

Pune | India

Job description

• Responsible for providing advanced internal consultancy across BP around business process improvement, engaging with project and business teams to understand their requirements, analysing and measuring the effectiveness of existing business processes and developing sustainable, repeatable and quantifiable business process improvements

ROLE SYNOPSIS:

• The GBS Finance Strategy Process Manager is part of the Finance Transformation and Innovation team, which includes the role of Global Process Ownership (GPO) for Finance. This team provides support to the GBS Finance, Strategy Process Excellence, Finance Process Manager / Finance Process Lead in exercising the accountabilities of the GPO in line with the GPO Policy and the process scope defined by BP s Enterprise Activity Model.

• The Global Process Owner (GPO) in Finance is a strategic leadership role responsible for overseeing, optimizing, and standardizing financial processes on a global scale within an organization. The GPO serves as the primary point of contact.

• The role will support the design, development and delivery of the Finance Group Recharges process strategy and process performance outcomes for bp. This includes accountability for end-to-end process design for Recharges, actively working with key stakeholders across the bp group such as Tax, Group Finance SVPs, Planning and Performance Management as well as GBS.

• The Process Manager will be responsible for actively monitoring and analyzing regional and global process performance to identify improvement opportunities and facilitate end-to-end process design / optimization. The post holder will provide primary support to the operational HUB.

• The Process Manager will need to maintain high standards of communication, impact analysis and evaluation of process changes.

• The Process Manager is accountable for building and developing capability within the team and providing expert guidance to all GBS service centers in the above process areas.

KEY ACCOUNTABILITIES

• For the recharges processes within the Finance scope, the Finance Process Manager will deliver:

Process Governance and Optimization:

• Define, design, and maintain standardized financial processes across the entire group.
• Continuously assess and optimize processes to improve efficiency, accuracy, and effectiveness, in line with group strategy.
• Establish key performance indicators (KPIs) and metrics to measure process performance.
• Lead discovery of solutions and/or alternatives: activities including business case preparation and alignment of sponsorship from GBS Customer Leadership
• Complete initial review of change / optimization initiatives - identify and evaluate high-level process, system or capability risks and recommend proposal changes or solutions to mitigate risks.
• Engage with the GBS service delivery teams to understand their needs, and measure and monitor to ensure operational service requirements are met.
• As the main content expert for global process issues and the management of their respective areas of the Global Process Model, provide process expertise and knowledge to internal and external (within BP) stakeholders and process users as required.

Cross-Functional Collaboration:

• Collaborate with various enablers and businesses to align financial processes with overall business strategies and with the target of a single optimized end to end process.
• Work closely with IE teams to implement and streamline financial systems and technologies.
• Coordinate all relevant groups to standardize and share best practices in line with the defined end to end process and vision.
• Actively engage other process owners across towers to build alignment and share learnings.
• Support project team and stakeholders in decision making and sign-off all future Recharges Management process designs.

Risk Management and Compliance:

• Ensure compliance with regulatory standards, industry best practices, and internal policies.
• Mitigate financial risks by implementing robust controls and checks within processes.

Global Standardization:

• Drive the standardization and harmonization of financial processes across all businesses and enablers, ensuring consistency and compliance.
• Drive integration across Finance, Tax and PPM with clearly define accountabilities and responsibilities.
• Develop and communicate standardized policies, procedures, and GPDS globally.
• Lead process discovery walkthroughs with service delivery teams to identify most impactful changes.
• Clearly assign whether requirements stay local or represent scalable Global requirements.
• Recommend process and system changes to enhance process standardization and simplification.
• Maintain a catalogue of evaluated improvement opportunities.

Change Management:

• Lead change initiatives, managing and guiding teams through process improvements and implementations.
• Communicate changes effectively to stakeholders and ensure buy-in from relevant parties.
• Partner with Operational teams to effectively manage the project lifecycle to ensure delivery of desired outcome on a timely basis and within approved budget.
• Facilitate workshops for process analysis, design and implementation activities.
• Conduct review sessions for completed process/system requirements with key business users for approval.

Training and Development:

• Provide training and resources to finance teams across the globe to ensure understanding and adherence to standardized processes.
• Develop and maintain documentation, manuals, and training materials.

Performance Monitoring and Reporting:

• Build and maintain global recharges dashboards to provide transparency and visibility of process performance to all stakeholders.
• Regularly monitor process performance and financial metrics to identify areas for improvement.
• Generate and present reports to senior management and the governance groups, highlighting achievements, challenges, and proposed improvements, based on internal monitoring and external benchmarking.
• Using the metrics, engage in a dialogue with GBS service delivery stakeholders to discuss priorities and approach to process enhancements (ie Business Reviews)
• The Recharges Global Process Owner in Finance plays a pivotal role in ensuring the efficiency, compliance, and standardization of the process globally, contributing significantly to the overall success and stability of the organization.

ESSENTIAL EDUCATION:

• Degree qualified or equivalent qualification

ESSENTIAL EXPERIENCE AND JOB REQUIREMENTS

• Extensive experience in finance, with a strong understanding of financial processes and operations.
• Proven track record in process optimization, standardization, and change management.
• In-depth knowledge of regulatory requirements and compliance standards in the finance domain.
• Strong leadership and communication skills, capable of working effectively across diverse teams and cultures and all levels within the organization.
• Proficiency in leveraging financial systems and technologies to streamline processes.
• Analytical and problem-solving skills, with the ability to make data-driven decisions.

DESIRABLE CRITERIA

• Previous operational experience of accounting finance function
• Knowledge of the financial master data structures and reporting

Travel Requirement

• Up to 10% travel should be expected with this role

Skills: Agility core practices, Agility tools, Business Acumen, Business Operations, Business process architecture, Business process control, Business process improvement, Communication, Data Management, Data visualization and interpretation, Decision Making, Demand Management, Design Thinking, Goal Setting, Influencing, Lean Practices, Managing change, Managing Performance, Project and programme management, Stakeholder Engagement, Stakeholder Management, Strategic Thinking, Workload Prioritization

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