Financial Controller - Westbury, United Kingdom - New Resource Recruitment
Description
Financial Controller
Westbury
Full Time and Permanent
Annual Salary:
£65,000+Benefits
We are delighted to be working on behalf of our successful international client who is a major leader in their field of specialised manufacturing, helping them to secure a permanent and full time Financial Controller for their team in Westbury.
Based in Westbury, this is a key and high-profile role, overseeing some of the essential financial responsibilities of the company.
This is an exciting opportunity for an experienced financial individual looking to further their career within a major manufacturer.
Financially qualified to the levels of ACCA,AAT, ACA,CIMA and have operated as a financial manager or controller role for a number of years.
Our client is looking for a professional with the ability to run a small finance team, dealing with various levelsof management and colleagues within the company.
Short Term Objectives and Responsibilities:
- Good understanding of the Finance Processes in the UK plants.
- Ensure good communications and relationships with all managers and effective management of staff.
- Maintenance of the subsidiary ledgers.
- Review, innovate and understand our current financial reporting.
- Management of the daily, weekly and monthly reports.
- Ownership of local financial performance.
- Review and optimise local Payroll.
- Expenses Control.
- Improve control for spend by implementing a Expense Policy.
- Set Up and monitor Management Ratios.
- Review and control of the Group Materials and Purchasing costing system.
- Understanding of the manufacturing Process and assessment of the Costing system model.
- Develop proactive analysis of performance with explanations and follow up actions that have been agreed by heads of department, in particular where KPI's are not performing.
- Preparation and delivery of performance and forecasts to Directors.
- Develop a Business Plan model for all the Group.
- Strategic plans, including 5year cash flow.
- Develop rolling forecasting/budgeting.
- Supervision and review of local taxes.
- Understanding of the manufacturing Process and the Costing system model.
- Ownership of financial audits, ensure compliance with all tax submissions.
- Understand our current Financing structure.
- Review and understand your HR responsibilities.
- Manage and optimise cash flows.
- Review and forecasting of cash flow.
- Timely collection of Cash without risk of default.
- Credit control suppliers and customers.
Responsibilities and Objectives after 3 months:
- Improvement of Internal and External reports.
- Assessment of the financial performance.
- Prepare annual budgets backed with quarterly rolling forecasts.
- Expenses and Costs Control.
- Produce the annual statutory accounts in line with management accounts, including maintaining accounting records and policies in accordance with UK GAAPs.
- Control and Monitor of Capital Employed.
- Control and Monitor Stock levels and E&O provision.
- Update and Maintain Credit Limits for Customers.
- Negotiations of Insurance Policies for local unit.
- Main contact with local banks. Negotiations with Banks to get the best Finance conditions.
- Management of the local car fleet.
- Support to the Managing Director and CEO on finance matters.
- Simplify and standardise local processes.
- Lead and develop the local Finance Team.
- Provide technical accounting guidance to local team and business leaders for complex topics including manufacturing costs, intragroup purchase accounting, transfer pricing, revenue recognition, and compliance with local tax laws.
- Improve controls for spend by implementing an Expense Policy.
- Develop proactive analysis of performance with explanations and follow up actions that have been agreed by heads of department, in particular where KPI's are not performing.
- Further improvement of Payroll systems.
- Control and Monitor Management expenditure.
- Work together with CFO to set Up Finance Controls and common practices.
- Optimise/minimise taxation burdens.
Remuneration:
- Company Pension 10% Match funded.
- Performance Bonus up to 2 times EBIT%.
- Death in service 3 times salary.
- Mobile phone & Laptop provided.
- Working 5 days per week.
- Holidays 25 days per year plus bank holidays.
- Subsistence when travelling.
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