Finance Director opportunity
This is a newly created role for the Finance Director to aid the Director’s in setting the overarching Group strategy of the business and is responsible for overseeing the financial aspects of that strategy to ensure the Group meets its agreed strategic objectives.
They are responsible for the flow of financial information to the Chief Executive Officer, Managing Director, Director of Operations, the board and, where necessary, external parties such as investors or financial institutions.
RESPONSIBILITIES
- Overall control of the Group’s Finance functions
- Continually evaluate the finance function of the business and where possible, outsource administration tasks and reporting tasks, to ensure the business remains nimble and flexible in the face of changes in technology
- Financial planning, formulating financial targets and budgets in accordance with the strategy determined by the board
- Overall responsibility for all financial reporting, including: Budgets; Forecasts; Monthly MI; Statutory Reports; Cash Management; KPI Reporting
- Corporate Finance: managing Group policies regarding capital requirements, debt, taxation, equity and acquisitions as appropriate
- Supporting the business in all aspects of decision making, providing robust & insightful Management Information.
- Overall Responsibility of Finance & Payroll, appraising the performance on a 6 monthly basis of the Group Financial Controller
- Information Communications Technology: ensuring the company develops & controls its systems, and related ICT, to maximum efficiency at minimal cost
- Implement Accountancy package that integrates with all current Finance tools that will allow the company to grow its financial reporting capability as the company grows without having to dramatically increase headcount.
- Implement new warehouse stock control system as current system is not fit for purpose
- Implement new Order Management System alongside the Managing Director as our current system is not fit for purpose
- Innovation: Driving change and revising processes for better cash management and profitability.
- Preparation of annual accounts and audit files in preparation for Audit
- A major role in M&A activity
- To carry out thorough due diligence of any business that the company see as a potential target for acquisition
- Networking with relevant potential stakeholders to ensure that the business has the contacts and knowledge to enable it to meet its business objectives
- Conceptualising the business objectives for the next 1-3 years alongside the board and executing those objectives with proven strategies and tactics
- To challenge costs within the business and improve project efficiency
- Work closely with the Managing Director to ensure that the Groups business objectives are met and the Groups financial principles remain intact
Duties
- Manage outsourced finance partners to ensure the smooth, accurate flow of information
- Preparation of key financial information to allow the board to make better strategic decisions
- Preparation & presentation of M&A due diligence to the board members
- Preparation and presentation of business plans
- Liaise with Accountant/Auditors
- Liaise with the companies Commercial Bank Managers
- Oversight of the daily cash management
- Monthly Consolidated MI
- Working with the board to develop Strategy & drive a positive Culture within the company
- Monitoring business performance
- Ensure all taxation matters are dealt with in a timely manner in accordance with local laws.
- Ad-Hoc projects and duties as designated by the Managing Director & CEO
- Overseeing product finance; asset finance & loan administration
- Development of Accounting & HR Teams
- Preparation of relevant financial information for Quarterly monthly board meetings & monthly financial MI reports
- Benchmarking company performance
- Company Secretary
Systems
- Sage Line 50
- Sage Payroll Professional
- Internally developed IT systems
- Office 365: Word, Excel, Powerpoint, Outlook
- Harri workforce & Payroll management
- MarketMan inventory software
Skills & Attributes
- ACA, ACCA or CIMA Qualified Accountant
- Experience within a privately owned and entrepreneurial SME
- Industry experience within Retail and Distribution a distinct advantage
- Detailed experience of P&L, Balance Sheet and Cash Flow management
- Ability to demonstrate strategic and commercial focus in previous roles
- Results driven with a hands on creative outside the box approach
- A drive to be a true business partner to the wider business
- Working knowledge & understanding of all functions performed by team
- Innovative, process & solutions orientated
- Excellent excel and modelling skills
- Analytical mind; good problem solving skills
- Leadership skills
- Ability to prioritise; make quick but good decisions
- Team Player; Proactive; determined; ability to drive, enthuse & motivate others
- Organised with the ability to hit specific deadlines
- Be able to articulate a position clearly, persuade and influence stakeholders
- Calm under pressure
- Ability to work within a fast paced environment whereby decisions can be taken quickly
- An Entrepreneurial spirit who understands that opportunities are not always linear
- Proven M&A experience
- Proven ability to accurately assess business opportunities in different sectors.