Spirax-Sarco Ltd.
Finance Business Partner
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Finance Business Partner
Finance Business Partner
Department: Central Finance
Reports To: Head of Finance, Steam Thermal Solutions (STS)
Job Summary
The Finance Business Partner will report to the Head of Finance at Steam Thermal Solutions and act as a key strategic business partner and advisor, developing and implementing financial strategies that align with Steam and Group goals and objectives to maximise returns across key operational areas of investment. This position provides leadership and challenge to ensure delivery of both the business strategy and financial results.
The role covers oversight of the following business areas:
- Innovation & Product Development (IPM)
- Steam Digital & Services
- Global Oil, Gas & Chemicals (GOGC)
- Sustainability/Green Tech (GT)
Direct Reports:
- Management Accountants for:
- Innovation & Product Development (IPM)
- Steam Digital & Services
- Global Oil, Gas & Chemicals (GOGC)
- Sustainability/Green Tech (GT)
- Dotted line reporting responsibility for Cotopaxi Finance Accountant
Key Responsibilities
1. Line Management
- Develop, nurture, and enhance the capabilities of direct reports by:
- Conducting performance reviews
- Creating development plans
- Preparing succession planning and managing staff turnover
- Promoting and supporting talent
2. Financial Planning & Analysis
- Budget and forecast ownership:
- Deliver accurate, efficient, and transparent plan and forecast documents aligned with divisional strategy, fulfilling finance and business stakeholder requirements.
- Identify future capital needs and prioritise investments for global cost optimisation and investment effectiveness.
- Budget governance:
- Ensure rigorous oversight of central, divisional, and opco budgets.
- Support and govern business cases related to investments and budgets across designated operational areas.
- Management and monthly reporting:
- Provide variance analysis against KPIs, forecasts, and budgets.
- Oversee timely monthly management reporting, including balancing sheet reconciliations for improved process consistency and simplification.
- Collaborate with management accountants to refine and streamline processes.
- Group reporting and taxes:
- Liaise and coordinate R&D tax claims, ensuring compliance and alignment with Group Tax.
- Oversee weekly orders/sales forecasts for accurate Group reporting, analysing variances and ensuring robust justifications.
3. Financial Modelling & Projects
- Develop, implement, and maintain models to support strategic planning:
- Scenario simulations for project evaluation, product evaluation and sensitivity analysis to predict financial impact and mitigate risk.
- Project tracking and financial analysis:
- Report on capital and operational expenditure to ensure alignment with budgets and strategic goals.
- Analyse and provide insightful financial reporting for informed decision-making.
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4. Collaboration & Stakeholder Management
- Build and maintain relationships:
- Promote Central Finance team engagement across Finance, Division, and the broader business.
- Collaborate with Key Operational Heads to provide commercial and financial insights, support resource allocation, and achieve revenue growth.
- Liaise and coordinate across departments, including:
- Group Legal
- Group Tax
- Supply & Sales operas (OpCos)
- Present financial reports and analysis to senior management and stakeholders on improvement and investment opportunities.
- Support royalty and recharge processes, ensuring models are accurate and well-supported by Financial Reporting.
5. Support Team Interaction & Ad-Hoc Work
- Work with Operational and Financial Reporting teams within Central Finance to establish accurate and timely:
- Management accounts
- Capital expenditure reporting aligned with accounting policies.
- Address judgemental areas, ensuring correct cost recognition and intercompany reconciliations.
- Support Finance leadership team in ad-hoc financial projects and prepare for audit queries/process adjustments.
About Steam Thermal Solutions & Spirax Group
The Finance Business Partner role aligns with the broader strategy of Steam Thermal Solutions, one of three businesses within the Spirax Group (a FTSE100 company). Spirax Sarco and Gestra form Steam Thermal Solutions, which provides globally recognised engineered solutions for efficient industrial and commercial steam systems.
The business operates 67 global units (OpCos) within four main Divisions:
- EMEA, APAC, Americas, Gestra
Spirax Group combines FTSE100 recognition with FTSE4Good multi-national engineering expertise. Our purpose is to engineer a more efficient, safer, and sustainable world, supporting industries from Food & Beverage to Healthcare to Semiconductors, impacting consumers globally.
Benefits & Culture
Benefits
Spirax Group offers:
- Competitive salary (with discretionary bonus)
- Flexible working & 27 days’ holiday allowance (excluding bank holidays)
- 3 days paid volunteering leave
- Comprehensive private healthcare
- Enhanced pension plan
- Life assurance
- Optional Share Ownership Plan participation
- Free onsite parking
- Access to personal discounts portal
- Additional support through Everyone is Included Group Inclusion Plan
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Everyone is Included at Spirax Group
- Diverse and inclusive culture, embracing social/cultural, gender (no binary restrictions), ethnic, age, neurodivergent, and more inclusive workplaces.
- Support for flexible working requests.
- Additional benefits like:
- Gender-neutral parental leave
- 15 days additional caregiver leave
- Paid leave and support for pregnancy loss and domestic abuse experiences
- Menopause-friendly workplace practices
Spirax is also a Disability Confident committed employer. Apply for reasonable adaptation support where applicable.
Qualifications & Skills
Qualifications & Experience
- Professional accounting qualifications (e.g., ACCA, CIMA, ACA).
- Significant post-qualification experience in a commercial organisation’s finance department.
- Demonstrated market benchmarked commercial excellence in a multinational setting.
Analytical & Technical Skills
- Analytical thinking: Interpreting complex data to derive actionable insights.
- Financial acumen: Expertise in forecasting, financial performance analysis, and connected financial principles.
- Problem-solving: Addressing issues to improve financial outcomes and drive continuous improvement.
- Adaptability: Swift responsiveness to changing business environments.
- Software proficiency: Advanced Excel and financial modelling skills, along with familiarity with accounting software.
Communication & Interpersonal Skills
- Effective communication: Presenting complex financial data clearly to non-financial stakeholders.
- Presentation skills: Confident reporting for diverse audiences.
- Stakeholder management: Experience working with senior stakeholders, internal and external teams.
Strategic & Business Skills
- Commercial mindset: Understanding financial impact on broader business strategy.
- Strategic planning: Supporting long-term planning and decision-making.
- Influencing and negotiation: Achieving optimal fiscal outcomes through persuasion.
Ethics & Compliance Skills
- Integrity in financial practices and decisions.
- Regulatory knowledge: Ensuring compliance with industry and financial standards.
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