Description:
To oversee financial reporting and ensure the effective management of all financial activities within the business.
Duties & Responsibilities
- Manage all aspects of the Finance team, ensuring effective task allocation, balanced workload, and timely completion of responsibilities.
- Participate as a member of the Senior Management Team, providing financial guidance and strategic governance in line with business objectives and long-term planning.
- Collaborate with Board members to ensure budgets are delivered.
- Prepare monthly management accounts and annual budgets, including operating and capital expenditure budgets.
- Develop and maintain a 5-year business plan.
- Oversee asset management, including maintaining an up-to-date and accurate fixed asset register.
- Ensure statutory and regulatory compliance, including VAT, Customs & Excise, and payroll taxes.
- Drive and monitor all business KPIs.
- Manage R&D tax credit processes and reporting.
- Oversee Intrastat reporting requirements.
- Take full responsibility for stock takes and ensure timely financial reconciliation. Analyse slow-moving stock and present recommendations to the Board.
- Monitor FX movements and assess implications on margins.
- Manage year-end reporting, including liaison with auditors and tax advisors.
- Lead month-end group reporting processes.
- Partner with Operations leadership to monitor and measure material yield.
- Monitor working capital requirements and recommend improvements.
- Track debtor days and develop plans for improvement.
- Ensure supplier terms are maintained at 60 days end of month.
- Produce weekly flash results.
- Support continuous improvement activities and ensure targets are achieved.
Key Performance Indicators (KPIs)
- Provide accurate and timely reporting in accordance with group requirements.
- Deliver external reporting in line with defined deadlines.
- Track and report on continuous improvement initiatives and associated cost savings.
- Maintain and report on the R&D register monthly.
- Monitor FX impact on margins and recommend actions to protect profitability.
- Assess slow-moving and obsolete stock, providing recommendations.
- Report on stocktake accuracy, including variance analysis.
- Maintain part-by-part cost of sales analysis.
- Report on monthly spend variances and recommend corrective actions.
- Monitor company credit rating and suggest improvements.
Training
- Identify and provide the necessary training to ensure departmental and individual effectiveness.
Qualifications, Knowledge, and Skills Required
- Open to QBE and Qualified candidates
- Strong understanding of financial controls and processes.
- Experience in financial forecasting and planning.
- Proven experience managing and developing teams.
- A solutions-oriented mindset with a drive for continuous improvement.
- Excellent communication skills, able to operate effectively across all levels of the business.
- Ability to thrive in a fast-paced environment, managing priorities and stakeholder expectations.
- Experience working within the manufacturing sector - Essential