FP&A: Finance Business Partner

The Role:

The Finance function at Alphawave Semi is evolving, and in FP&A, we are focused on partnering with the business to support them to succeed in delivering our ambitious growth strategy.

We are now looking to add a motivated Finance Business Partner with skills to help us further develop our forecasting and reporting.

You will collaborate with senior leaders and their wider teams to provide valuable insights and financial guidance to support and challenge decision-making.

You will focus on:

• Our Intellectual Property (IP) business to support delivery of our revenue targets by managing the reporting and forecast process and the deal review process.
• Our Central R&D (CR&D) Team to support the team to deliver our revenue forecast and invest for future business growth.
• You will support and work with executive management and their teams. It also requires strong technical accounting to review deals against IFRS 15 and spend for correct opex and capex treatment.
• You will report directly to the Director of FP&A, and is based in our Toronto office in Canada.

What you’ll do:

Financial Planning and Analysis:

• Develop and maintain financial models to support budgeting, forecasting, and long-term planning.
• Analyze financial performance, variances and trends to identify opportunities and risks with a focus on revenue and expenditure drivers.
• Prepare and present financial reports, with an initial focus on monthly opex reporting and headcount, for actuals vs. budget vs. forecast.

Business Partnering:

• Key Finance Business Partner to CR&D and IP teams.
• Collaborate with business leaders and their teams to understand their needs and objectives.
• Be a trusted advisor by providing financial insights and recommendations to support decision-making.
• Assist in the development of business cases for new initiatives, investments, and projects.
• Identify cost-saving opportunities and projects that should be capitalised.

Budgeting and Forecasting:

• Support delivery of monthly/quarterly forecasting + the annual budgeting process by working closely with senior management and their teams.
• Get the story behind the numbers so we understand the outcomes for various scenarios.
• Identify risks and opportunities and help budget owners mitigate risks and exploit opportunities.

Financial Reporting:

• Prepare and distribute regular financial reports and dashboards to stakeholders.
• Ensure accuracy and integrity of financial data and reports.
• Understand and explain any variances to prior reporting (e.g. vs. last month or last quarter)
• Support timely delivery of overall Group monthly management reporting.

Revenue:

• Work with cross-functional business partners to facilitate the review and execution of revenue deals.
• Provide ongoing guidance to the Business Unit on revenue recognition issues and corporate accounting.
• Be a strategic partner with subject matter expertise in revenue, accounting and operations.
• Develop financial models and analyses to support strategic revenue initiatives.
• Support annual audit process and assist with the provision of information for external reporting.
• Document revenue recognition for all deals in line with company policy and IFRS 15.
• Forecast, review, confirm and report on bookings and order backlog.

Ad Hoc Analysis:

• Conduct ad hoc financial analysis as and when needed.
• Investigate and resolve financial inquiries and issues.
• Proactively support key stakeholders as their trusted finance advisor.

Process Improvement:

• Identify and implement process improvements to enhance efficiency and accuracy across Finance, specifically for financial reporting and analysis.
• Identify opportunities to maximize systems and reports, to automate and move to self-service reporting.
• Support delivery of half-year/year-end reporting and audit.

What you’ll need:

• Recognized accountancy qualification.
• 5+ years of experience working in a Finance role that directly supports a team/area of the business, with a strong relationship with senior management.
• Experience with managing the financial reporting/forecasting/budgeting for Cost Centre(s)
• Revenue forecasting and experience in applying IFRS 15 to complex long-term contracts
• Financial modelling experience
• Excel skills (can write advanced macros) and experience with an ERP system like SAP or Oracle. Consolidation and reporting tools (e.g. Power BI) experience would also be great.
• You will have experience of working in the semiconductor industry, but experience working in the technology space would also be a strength.

“Hybrid work environment”

As part of our commitment to the well-being and satisfaction of our employees, we have designed a comprehensive benefits package that includes:

• Great Compensation Package
• Health Insurance
• Retirement Savings
• Paid Time Off