Ref - Finance Manager – Ref 1759

Finance Manager

Finance Manager – Lincoln – £35k-£40k.   The Finance Manager reports directly to the Financial Controller. As Finance Manager you will manage and mentor a small finance team, working on the debtors and creditors ledgers, manage risk associated with debtor accounts for both internal and group reporting, and guide the credit controllers into collecting as much cash as possible.

Role of Finance Manager

Conduct weekly debtor balance reviews with the team, focussing on any overdue accounts or accounts considered to otherwise present risk to the company’s cash position

  • Submit details of weekly cash review to Financial Controller, including details of risky balances, for potential exclusion from weekly cash flow forecast and inclusion on weekly credit control risks submissions to group.
  • Be a source of support and guidance for the team in troubleshooting and problem-solving in relation to administrative issues such as the resolution of customer debit notes, credit notes due to price errors or quality, and disagreements in relation to quantities collected or delivered
  • Be the authority on whether or not to release accounts from hold, while ensuring any action taken, is consistent with internal control procedures
  • Manage the team into escalating any issues with cash collection to further stages as necessary including placing accounts on hold, sending letters before action or further steps beyond this, keeping the sales team informed before any draconian measures are taken
  • Lead and review six-monthly customer credit limit reviews required for submission and authorisation to group with reference to highest trading balances, customer history, and further credit checks where necessary.
  • Be the lead for the team in making decisions in relation to customer creditworthiness with reference to credit reports on an ongoing basis – ensuring the team are running reports on the correct legal entities, ensuring credit checks are in line with group internal controls,
  • Monitor the preparation and reconciliation by the team of GRNI lists in readiness for month-end management accounts reporting (WD1)
  • Monitor any debit balances on the ledger understanding the reasons for these
  • Work with the purchasing team to avoid POs being raised with one cost line for multiple items, in respect of large capex projects, in order to facilitate the purchase ledger team being able to match invoices as they are received. Monitor and resolve any issues in this regard, with the purchasing team, requesting revised POs where necessary.

Ideal Candidate for the role of Finance Manager

  • Experience in managing a team
  • At least five years’ experience working within an accounts department, and dealing with credit control related issues
  • Comfortable mentoring and leading a small team and being a source of guidance, support, and commercial knowledge
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