What should a finance business partner do?

Finance business partners are accountants who work closely with a particular business unit creating a real and active partnership with both operations and management. Their role is to provide ‘real time’ support and analysis, to be a trusted adviser and to add value that will assist in decision making.

What is a business partnering approach?

Business partnering is the development of successful, long term, strategic relationships between customers and suppliers, based on achieving best practice and sustainable competitive advantage.

What does it mean to be a finance business partner?

Finance business partners are financial or accounting professionals who work with the business to track financial performance and provide financial information, forecasting and analysis to help guide decision making and set strategy.

How can a Finance Business partner add value?

The FBP adds value to the organisation by being willing and able to challenge decisions, and deliver information that people may not want to hear. This requires integrity, which is something that all finance professionals should prioritise.

How do I become a good financial business partner?

  1. Business Knowledge. Strategy Knowledge. Operational awareness. Technical knowledge (accounting, financial, regulatory)
  2. Communication Skills. Telling numbers through stories. Written communication. Influence/relationship.
  3. Relationship Management. Empathy. Politically smart. Culturally sensitive.

What does good business partnering look like?

According to Broers, effective business partners have: The courage to speak up, to challenge managers, and to hold a mirror up to the business. This might involve identifying and raising issues such as an unexplained escalation in a cost or an unintended consequence of a performance metric.

Is finance business partner a senior role?

Finance Business Partner – Senior Finance Analyst Main function of the job: This role will partner closely with Senior Management and Business Lines to enhance financial reporting and provide financial insight for decision making and strategy. This is a senior role and will operate within a finance team…