Financial Controller (Ref: PK8893)

NEW VACANCY! (PK8893)

FINANCIAL CONTROLLER

CAMBS/BEDS/NORTHANTS/SOUTH LINCS

Salary £45-50K + Package

Office Based

Our client is an International packaging solutions provider currently seeking a Financial Controller to be responsible for all financial and fiscal management aspects of company operations. To provide leadership and coordination in the administrative, business planning, accounting and budgeting efforts of the company.

Key Responsibilities and Accountabilities, Duties will include but will not be limited to:

Accounting and Financial Controls:

• Manage the payroll function ensuring efficient systems, processes, and controls.
• Oversee the external audit, review and analyse results, and recommend for approval the audited financial statements.
• Prepare the financial section of the annual report.
• Oversee the cash management function, including banking relationships.
• Ensure the company is compliant with all internal policies and relevant regulations and ensure filings are completed in a timely manner.
• Oversee the groups pension scheme.
• Oversee monthly payroll, pensions, and VAT.

Finance Staff Management:

• Supervise Accounting Office staff.
• Provide appropriate career building and professional development activities to ensure a climate of growth for all employee groups.
• Consider future opportunities for staff.
• Ensure dept training folders / documentation is kept up to date by the team for each financial job role.

Relationship Management:

• Responsible for maintaining and developing relationships with external professional Advisors, Bankers, Auditors, Insurers, Property Management, Pension, Security, Energy, Grant, Tax and Legal Advisors

Cash and Risk Management:

• Develop cash flow forecasting and maintain a long-term cash forecast.
• Responsible for the management of the insurance and risk management program.
• Oversee the annual insurance renewal process and ensure appropriate coverage is reviewed, updated as necessary to reflect the changing needs of the business in conjunction with the Commercial Director.
• Review finance of preferred vendors.

Improvements to Working Capital:

• Focus on improving working capital, particularly the stock systems, investment appraisal, and strengthening internal controls.
• Improved credit control, debtor, and retention collection.

Team Leadership:

• Ensure the team delivers the highest standard of departmental and cross-departmental teamwork.
• Develop finance and accounting team goals that are fully aligned with the company goals.
• Lead and coach the team to recruit and retain high-calibre staff.
• Provide coaching, guidance, and support; set professional development plans to assist employees in reaching their full potential through the performance management process.

Management Reporting:

• Fortnightly meetings with the Managing Director to ensure monthly and quarterly sales forecasts are achieved.
• Present Rolling profit and cash-flow forecasts, analysis vs. budgets/prior periods.
• Present monthly detailed margin reporting enabling early identification of variances and critical issues.
• Present monthly and year-to-date financials with accompanying analysis of results.
• Preparation of the monthly management accounts, quarterly board pack, and ad hoc reports for the shareholders and Directors.
• Produce monthly labour utilisation reports enabling accurate information on gross margins and employment costs.
• Present customer and product profitability analysis in a consistent and clear manner to enable the business to have full clarity over revenues and profitability across different revenue streams.
• Review and develop regular reporting and analysis, including key metrics reports, and conduct hoc financial analysis as required.
• Ensure financial management reporting tools and processes are in place to support the ongoing and future needs of the business.

Sales Activities:

• Analyse and review sales budgets and activities, supporting the strategic business plan.

I.T. Management:

• Key responsibility for liaising with external IT and cyber security providers.

Utilities / Site Management:

• Ensure the smooth day-to-day running of gas, electric, phones, and rent.
• Manage utilities to ensure cost-effective and efficient operations within the current market.
• Ensure company insurance is always current and valid.
• Manage and maintain documents for all lease contracts/buildings
• Keep records of key holders and ensure all "site" keys are kept securely.
• Ensure alarm details are current and available to management.
• Negotiating the best rates for rental, rates, utility payments with supply chain partners.
• Manage contract with onsite Security providers and review the service provided annually.
• Look after the plastic packaging tax.
• Look after the asset register.
• Write reports in Sage.
• Must have used Sage/Sage 50.