Finance Director

Job Description

Date: Sept 2022
Job Title: Finance Director
Line Manager: CEO, and Chairman (dotted line)
Department: Executive Director

Main purpose of role:

A hands on and forward-looking role focussed on delivery of business performance

Oversee the company’s financial and risk management functions. Work alongside other members of the Board and Management Team to determine an overall direction for the Company.

Provides the Board with an accurate picture of actual and forecasted trading performance of the business which identifies the upsides and downsides at any point in time. Reviews detailed financial reports & KPIs, makes recommendations and drives positive change. Ensure the appropriate financial controls are in place. Perform the role of Company Secretary as a contributing Board member

Key Accountabilities and Responsibilities:

Finance

  • Leads the planning, forecasting, and reporting for all elements of the income, balance sheet and cash flow statements
  • To prepare the Company annual Budget and 3-year plan for approval by the Board
  • Delivering monthly management accounts and annual corporate statements accurately and on time
  • Maintain a rolling 3-month P&L & Cash Flow forecast to anticipate issues and to identify opportunities
  • Highlighting potential deviations from plan and possible remedial action and driving change where necessary
  • To actively manage the company’s balance sheet to minimise working capital and to maximise cashflow, including debtor minimisation/collection
  • Be part of the Executive Leadership Team and Company Board team to deliver the overall financial and strategic plans & goals of the company
  • Fully discharge the responsibilities in the capacity of the Company Secretary & Pension Trustee
  • Driving accuracy, rigour and transparency in our commercial and operational analysis and reporting including:
    o Establishing KPI’s against which business performance can be measured
    o Monitoring weekly / monthly KPI’s including making commentary in the accounts which identifies successes and failures
    o Partnering with Sales, develop and maintain robust sales pipeline tool
    o In-depth costing / contribution analysis (including NPD)
    o Partnering with Sales, RFQ analysis and preparation for major contracts
    o Internal operations performance
    o Inventory analysis
  • Make recommendations to the Board / Management Team concerning actions to be taken to improve business performance (e.g. price increases/cost reductions etc)
  • Fully analyse contribution by product so that more informed decisions can be taken concerning product pricing.
  • Prepare Capex cases for review by the Board clearly identifying payback and how payback will be achieved.
  • Conduct reviews of past Capex cases to establish whether paybacks were achieved
  • Maintain a risk register identifying the key risks facing the business and recommended mitigating actions to be taken
  • Develop a network of support experts (Accounting / Legal) to ensure the business is professionally advised
  • Ensure the company carries out sufficient due diligence when entering into new agreements with customers or suppliers
  • Maintain adequate insurance policies to secure business assets
  • Ensure that the company is following all appropriate and legally required accounting practices and is well prepared for the annual audit
  • Responsible for tax compliance
  • Support the administration of company pension schemes and prepares for exit from the closed final salary scheme. Manage the relationship with Broadstone and the associated costs
  • Responsibility for the determination and implementation of a forex strategy
  • Reviewing potential acquisitions
  • Regular analysis of competitor activity/capability
  • Leads the design and be responsible for the delivery of the (annual and longer term) objectives and performance of the Finance functional team
  • Deliver annual and long-term organisational plans for Finance
  • Leading efforts to establish and improve Finance processes and control

Personal Specification

Educational Qualifications Required:

  • FCCA qualified
  • University Degree
  • MBA preferred but not required
    Key Skills Required:
  • Significant experience in a manufacturing based industrial and/or consumer durables branded business
  • Experience with premium B2C and/or B2B brands a plus
  • Ability to manage and motivate a team
  • Computer literacy with experience in implementing / fine-tuning ERP upgrades a plus
  • Excellent communication skills
  • High attention to detail

Key Personal Qualities Required:

  • Integrity & Trust: Widely trusted, seen as a direct, truthful individual, presents the unvarnished truth in an appropriate, helpful and transparent manner, keeps confidences, admits mistakes. Doesn’t misrepresent him/herself for personal gain
  • Managerial Courage: Does not hold back anything that needs to be said. Provides current, direct, complete, and “actionable” positive and corrective feedback to others. Let’s people know where they stand. Faces up to people problems on any person or situation quickly and directly. Is not afraid to take negative action when necessary
  • Results orientated: Ability to achieve commercial results both personally and through others in a fast-changing business culture
  • Strategic Agility: Sees ahead clearly, can anticipate future consequences and trends accurately
  • Leadership: Demonstrate talent to communicate effectively at all levels, across functions, across cultures, internally and externally
  • Energy: Demonstrates real commitment in a fast moving and pressured environment with multiple priorities and can energise others
  • Influencer: Able to utilise a range of techniques to win support, gain co-operation and break through roadblocks
  • Communication: Able to communicate effectively across numerous levels of the organisation

Other Requirements:
Travel up to approx. 15%

Apply now