Group Head of Finance

Job Title: Head of Finance
Reporting To: Group Managing Director
Responsible For: Group Accountant & Accounts Assistants
Location: Corby
Salary: £55,000 - £60,000
Job I.D: 10048

Overview

Working alongside the business and reporting to the Group Managing Director the Finance Director will be an exceptional accountant with hands-on operation of the Group's finances being both commercially aware and advising on the best path of growth for the business.

Ultimately Responsible for:

*Daily & monthly basis for reconciliation of the Groups Invoice Finance Discounting Facility including the draw-down of funds for each Group company thereby ensuring that monies into the Group's individual bank accounts coincide with payments that are needing to be made. (The current facility has a level of 'borrowings' currently set at over £2 million).

*Calculation of the Group's PAYE/NI liability (five companies) ensuring that the processing payments to HMRC are undertaken in accordance with the statutory reporting dates.

*Ensuring that payments are made to the Group's principal suppliers in accordance with their terms and conditions thereby ensuring that the Group companies maintain regular deliveries to ensure that production is not compromised and that all customers' requirements are met.

*Actively managing the Group's bad debit provision and to instigate the issuing of legal proceedings as necessary.

*Daily processing and maintenance of each individual Group company's Sales and Purchase ledger and Group's nominal ledgers in order that management information can be extracted in a timely and accurate manner.

*Upkeep of all employee details within the Group currently held on HMRC's database.

Ensure:

*The Group's financial systems and procedures are robust, compliant and that they support current activities and future growth.

*All month end and year end processing is undertaken and you will be instrumental in undertaking and reviewing the annual budgeting exercise.

*Regulatory requirements of all statutory bodies are met.

*Banking functions throughout the Group are conducted in a timely manner.

*To fully contribute to the development of the Group's strategy across all areas of the business, challenging assumptions and decision making as appropriate and providing financial analysis and guidance on all activities, plans, targets and business drivers.

*Work with the Group Managing Director to co-ordinate the corporate finance and to manage the Group's policies regarding capital requirements, debt, taxation, equity and acquisitions etc.

*Provide the financial support/strategy that will both support the Group's strategic vision and those of our operating businesses.

*Work closely with the Managing Directors to support and guide their local accounting framework ensuring that procedures and practices meet the financial requirements of the Group.

*Supervise and oversee the processing and payment of the Group's (five companies) weekly and monthly payrolls.

*Responsible for the calculation and payment of the Group's VAT liability ensuring that payment is received by HMRC in accordance with the statutory reporting dates. Monthly Cash Flow forecasting to include a proactive approach to negotiating & supporting the headroom/liquidity to maintain the business.

*Provide leadership to the Board's Finance and Accounting strategy, optimising the Group's financial performance and strategic position.

*Take overall control of the Group's accounting function. Responsible for the Group's cash management policies & Cash Book reconciliations.

*Work with the Senior Management Team to grow the business and to assist with the formulating of strategies and plans.

*Reviewing our costing models e.g. relevance of cost centres etc.

*Present the Annual Accounts to the Board/Shareholders etc.

*Establish a high level of credibility and to manage strong working relationships with external parties including customers, advisors and banks etc.

*Oversee the Group's debtor insurance facility including the obtaining of limits required and ensuring that adequate insurance cover is in place for all debtors ensuring that any bad debts incurred by the company are notified to the insurance company in a timely manner.

*Produce Management Accounting information for the Group's individual companies on a monthly and quarterly basis to include individual profit and loss accounts and balance sheets processing as well as a Group balance sheet.

*Responsible for the preparation of the Group's Management Accounts to include comparisons of actual to budget and commenting on variances.

*Undertake the negotiating and reviewing/renewing of all accounts type contracts e.g. banking arrangements, invoice financing etc.

*To actively review, negotiate and maintain the Group's operating system (currently Opera based) alongside continual improvement by being aware of new technology/operating systems and being able to present cost efficient and effective alternatives.

*Work closely with our auditors on both audit and non-audit work.

*Liaise with and assist the Group's Auditors with the preparation of the Group's Annual Accounts.

*Work with credit agencies and suppliers to support the Group's credit rating.

*Liaise with the Group's Bank Managers/Relationship Managers on a regular basis.

*Analyse the financial climate and market trends to assist senior executives in creating strategic plans for the future.

*Interpret complex financial information and provide updates and information as needed.

*Seek out methods and practices to minimise financial risk/exposure.

*Undertake any such reasonable duties that may be required from time-to- time by the Company.

Key Skills

*Qualified member of an accountancy body or holder of an equivalent qualification.

*Commercially astute, articulate, technically strong, dynamic, insightful & an influential leader with the ability to operate at both strategic and operational levels.