FINANCE DIRECTOR - LINCOLN, £75K+8K CAR ALLOWANCE + BONUS
The role of the Finance Director will be to manage all day to day financial processes within a growing SME including cashflow management, foreign currency transactions, banking relationship, forecasting and all statutory requirements. To manage a small finance team and also manage the operations in the MD’s absence. Experience of not only financial but operational management with the emphasis on people management will be a key factor in this role. It is essential therefore that you are able to manage, engage with and inspire a large team within a fast paced organisation.
The role of Finance Director would suit a progressive and dynamic individual who is looking to continue their career in a fast moving role.
Produce monthly Management Accounts and Management Information and present to senior management in a timely and accurate manner.
Production of sales and margin analysis and to highlight to the Managing Director areas of concern and underperformance.
Attending weekly meetings with senior management to report the position on all aspects of company finances sales, cash, stock etc.
In conjunction with the sales team ensure that sales forecasts and budgets are prepared in a timely manner and that these projections are incorporated accurately in the companies overall financial budgets.
Analyse and review sales and margin performance on a monthly basis.
To produce profit and loss, balance sheet and cash budgets and forecasts within 10 working days of each month end.
Exercise tight cash control through management of invoicing, debtors, returns and debit notes. Ensure that at all times there is an up-to-date forecast of future cash flow and highlight to the Managing Director if at any point the cash is forecast to be less than expected and in particular remains within the agreed lending facilities.
Maintain close control of all customer discounts, rebates and commissions. Ensure that they are consistent with the figures budgeted.
Work with product development and purchasing staff to forecast stock-holding by line throughout the financial year
Prepare Quarterly VAT returns and review monthly import VAT and duty payable. Ensure that VAT is always paid by the due date.
Ensure that the company’s annual accounts are produced accurately and in a timely manner. Also, that the audit file is completed within 4 weeks of the year end to ensure that the audit can commence and be completed within the month of February each year.
Submit details of hours worked by works staff and other relevant detail for other groups to external payroll agency. Ensure that PAYE/NIC payments are always made by the due date.
To manage and maintain the banking relationship and all the reporting for them is made in the time frame required.
THE IDEAL CANDIDATE
Degree level education
Qualified member of an accountancy body
Be a qualified accountant with a minimum of 5 years post qualification experience
Have a proven track record in Financial Director/Financial Controller roles who is both technically and commercial strong.
Have excellent communication skills and the ability to work with the wider business.
Have strong IT skills.
Have strong grasp of office operations and people management.
Possession of strong interpersonal, office management and operational experience would be a distinct advantage.