Head of Finance / Financial Controller

Salary: £85,186 – £90,661 per year

Head of Finance/Financial Controller

The company

Kenton Black are proud to represent a large, dynamic, fast moving manufacturing organisation who are strong leaders in their marketplace and are poised to expand their operations both within the UK and Europe. Further to continued success, an exciting opportunity has arisen for a fully qualified finance professional who is seeking to enhance their personal potential, to join the business as Head of Finance/Financial Controller, reporting directly to the Chairman and responsible for managing a team of four. The role involves:

The Role

Responsible for all aspects of financial management, including financial reporting, budget and forecast preparation, as well as development of internal control policies and procedures.

To prepare and provide timely monthly financial statements. Support month-end and year-end closure process

Ensure quality control over financial transactions and financial reporting requirements and tax filings

Responsible to develop and document business processes and accounting policies to maintain and strengthen internal controls

Controller of VAT, PAYE, Payroll -responsible for Cash flow and cash treasury

Responsible for self-inspection audit, Internal and External audit compliance and completion including the subsidiaries.

Budgeting:

Yearly budgeting of company to be presented in a timely manner.

Budgeting for each operational profit centre, should be reviewed monthly, deviation to be reported and actions taken to mitigate the deviations should be informed in a timely manner to the senior management.

Constant Monitoring of Budget should be implemented any deviations along with actions taken to mitigate the deviations to be shared with the senior management.

Monthly MIS should be generated for the following:

Monthly Sales review vs projections

Expense Analysis vs budget and action taken to control expenses

Monitoring manufacturing cost

Co-ordinate & review in relations to the below mentioned agreements: –

Confidentiality Disclosure

In / Out License Agreements

Contract Manufacturing Agreements/Contract Research Agreements/Any other agreements

Costing:

Update costing of manufactured/outsourced/ trading products along with deviations.

Analysis of profits of product mix and change if any required

Operational Controls and Deviation Analysis:

Monitor & report deviations for Inventory control of manufactured/outsourced/ trading products.

Subsidiaries or any subsidiary being added:

Monitor & comply with all budgetary requirements. Monitor & comply with all costing requirements

Monitor & ensure compliance with statutory tax & audit requirements of the subsidiary.

In addition to the above operational responsibilities, the below responsibilities are incorporated as per the requirement at the corporate level:

Succession Planning

Provide direction and guidance to succession planning.

Promote the diversity of the workforce throughout the Organization.

Be dedicated to the development of successors and individuals who have potential for further responsibility.

Be involved in the identification, assessment, development planning and review of successors to positions.

Continuous Improvement

To take the lead in the development, management and coordination of the operational excellence processes for the site.

To fully embed continuous improvement, using operational excellence methodologies or similar, with the aim of improving

To ensure that all parts of the site have continuous improvement within their operational remit and are tracking improvements routinely.

To ensure approaches such as Visual Factory, Standard Work and 5S are fully integrated into site operations.

To interact with other senior staff members, under the leadership of the Site Director, as part of the Senior Leadership Team (SLT).

To operate as a mentor and coach for other members of the management and leadership team, as directed.

Leadership expectations – (leading a team of 4 direct reports):

To inspire the department functional heads, with the aim of creating a strong team ethic around successful delivery of projects and continuous improvement.

To act in a strategic and operational capacity, routinely shifting between the two in support of site deliverables.

To lead by example, especially in an operational sense. To ensure that behaviours during challenging situations are exemplary. To coach and develop line reports, to build overall site capability and operational robustness.
High management discipline, organisation and structure, with strong timekeeping and work ethics and address poor/unsatisfactory performance in a structured and timely manner.

Experience Required

The successful candidate will be adaptable and relish a challenge together with previous experience in a similar senior role within a large manufacturing business. Possessing previous team management experience and conversant with Sage Line 50, SAP, you must be fully qualified ACA/ACCA/CIMA. In return my client offers an exceptional opportunity for career development, excellent salary and corporate benefits together with a dynamic, robost and progressive working environment.

If you are interested in this position, please contact Vanessa Mathew at Kenton Black by clicking the link below.