Tharsini tells us what she loves about finance business partnering and shares her advice for those just starting out.
I started my finance career working at Camden Council. I undertook a finance graduate scheme there which was brilliant as I got to try out all the different areas of finance. I was able to work in treasury for a while before moving to management accounting and then onto the technical aspect such as year-end.
I realised then that I really enjoyed management accounting and business partnering and I’ve always stuck to the charity and third sector. I worked my way through various management accounting positions before moving into finance business partnering.
In this role you are able to act as the finance communications person. You speak to all stakeholders and essentially manage the entire finances of the organisation. It’s then your job to communicate the financial state of play back to the finance team, departmental heads and the management team.
When I first started out there was a lot more separation between finance and other areas of the organisation. There was a lot of analysing, looking at variances and underspends and overspends. Essentially just reporting on whatever was happening.
Now, it’s much more about getting out there into the rest of the organisation and talking to them to better understand their processes and challenges. Then we work with these areas to help them streamline everything and work more efficiently.
Post-pandemic there have been lots of practical challenges, but I really think that working in this way has helped business partnering to be better prepared.
I think all systems and processes need to be more user friendly. Digitisation is really taking hold in organisations – which is a good thing – but without the paperwork people are used to, we need to make sure everyone can access and use systems easily.
This also allows finance to take a bit of a step back from the process and focus on being more involved in the bigger picture. If everything is sent directly into the systems without finance needing to get involved it gives others an opportunity to gain a greater insight and understanding of both the processes and the bigger picture.
My key piece of advice is to finish your exams as early as you can! It’s so easy to let them drag out and it took me more than 10 years in total because I’ve taken some time out here and there to focus on family. But, if you can get your qualifications done then career progression is much easier. There’s a ceiling to your financial career until you finish your exams.