Finance Business Partner

XP Power is a global leader in providing essential power solutions to the Industrial Technology, Healthcare and Semiconductor Manufacturing Equipment sectors. We design and manufacture power controllers, the essential hardware component in every piece of electrical equipment that converts power from the electricity grid into the right form for equipment to function. Listed as a FTSE 250 company on the London Stock Exchange we are a fast-growing business, serving our global blue-chip customer base from 29 locations across Europe, North America, and Asia. We are extremely proud and committed to our culture that values Customer Focus, Flexibility, Knowledge, Speed, and Integrity. Joining our team means you’ll work in a high performing global organisation where employees collaborate and strive to make XP Power the first-choice power solutions provider delivering the ultimate experience for our customers and our people.

Project Involvement & Cross-Functional Support

• Actively participate in daily meetings to stay updated on timelines, activities, and changes related to NPI/Transfer and NPD projects, ensuring timely and productive financial actions.

• Attend weekly ECO/ECR board meetings; collaborate with local coordinators to track and assess all engineering changes impacting the factory P&L.

• Support NPI and ECO Engineers in regular expense monitoring and budget tracking to ensure alignment with financial targets.

Financial Analysis & Budget Control

• Deliver regular and ad-hoc financial costing analysis for NPI/NPD projects to support managerial decision-making.

• Assess project needs and team demands from multiple perspectives to advise management on budget planning and rolling forecasts aligned with project roadmaps.

• Monitor material costs, OPEX, headcount, and resource allocation to identify potential overruns and propose mitigation strategies.

• Provide analysis on direct labor (DL) requirements and track actual utilization for NPI projects.

• Assist NPI teams in following the CER/CAPEX approval process, including demand gathering and financial evaluation.

• Offer guidance on SOP-SAP compliance for engineering groups and project transfers to uphold costing governance standards.

• Analyze P&L for new business opportunities (revenue & COGS) and advise on appropriate spending to maximize factory profitability.

Inventory Management & Costing

• Conduct product costing simulations for NPD and prepare UPH quotations for product transfers.

• Handle all costing requests for NPD & NPI by coordinating with stakeholders (R&D, sourcing, engineering, NPI/ECO coordinators, etc.) throughout the project lifecycle.

• Monitor inventory build and procurement for new projects to ensure cost efficiency and alignment with financial planning.

• Execute SAP costing processes while maintaining high accuracy.

Month-End Closing & Reporting

• Analyze production order variances for NPI-related activities.

• Support the accounting team in classifying OPEX & CAPEX for NPI/NPD transfers in line with financial policies.

• Provide data and insights for evaluation of key operational KPIs.

Other Responsibilities

• Perform additional tasks as assigned by superiors or management, contributing to continuous financial improvement and governance.

• Education: Bachelor's degree in Finance, Economics, or Accounting from a recognized university or college.

• Experience:

  • 3–4 years of hands-on experience in financial analysis, preferably within audit firms or manufacturing industries.

• Technical Skills:

  • Proficient in Microsoft Excel, including advanced spreadsheet functions for financial modeling and analysis.

  • Fluent in English, both written and verbal, with strong communication skills.

  • Experience with SAP or ERP systems in a finance or operations context.

  • Knowledge of Power BI and Power Query is a strong advantage for data visualization and reporting.

• Competencies:

  • Ability to prioritize tasks, manage multiple deadlines, and deliver accurate results.

  • Strong cross-functional collaboration skills.

  • Open-minded, hardworking, and proactive in learning and adapting to new challenges.

XP Power is an equal opportunities employer. We are committed to creating an environment where people are valued, supported and nurtured to deliver their best. Operating globally, we celebrate the cultural differences that exist in the countries in which we do business. Being a truly diverse and inclusive community helps us grow our business through innovation; attracting and retaining talent to engage the people who buy our power solutions. We know that by cultivating the ultimate experience for all our people, they will deliver the same to our customers.