Job Title: Financial Controller
Location: Soho, London
Reports to: Group Finance Director
Job Purpose:
Our Client, a fast-growing London based advertising business, is looking to recruit a high calibre Financial Controller. This Is a new role and you will oversee all aspects of financial management, including accounting, regulatory compliance, financial reporting, budgeting, and forecasting. You will play a crucial role in supporting business decisions, ensuring the financial integrity of the company, and driving financial performance in line with business goals.
Key Responsibilities:
- Financial Management & Reporting
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Prepare timely and accurate financial statements, including profit and loss statements, balance sheets, and cash flow reports.
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Lead the month-end and year-end closing processes.
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Prepare management reports and KPIs for senior leadership, providing insights and analysis on the company's financial performance.
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Coordinate the preparation of budgets and financial forecasts, and report variances.
- Accounting
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Oversee day-to-day accounting functions, including accounts payable, receivable, and general ledger maintenance.
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Ensure compliance with UK accounting standards and regulations (UK GAAP or IFRS).
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Liaise with external auditors and tax advisors to ensure annual audits and tax filings are completed accurately and on time.
- Cash Flow & Cost Control
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Monitor and manage cash flow to ensure the business meets its financial obligations.
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Oversee cash management strategies, including payments, receivables, and credit control.
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Implement cost control measures to improve profitability and identify areas for financial savings.
- Budgeting & Forecasting
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Collaborate with department heads to prepare annual budgets and reforecast as needed.
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Monitor actual results against budgets and forecasts, providing detailed analysis and recommendations for corrective action.
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Advise on business decisions by providing financial input and analysis on projects, investments, and new business opportunities.
- Taxation & Compliance
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Ensure the company meets its legal tax obligations, including VAT, corporation tax, and payroll taxes.
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Stay updated on changes in tax legislation and ensure compliance with HMRC requirements.
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Prepare and submit VAT returns, PAYE, and other statutory filings.
- Payroll & Benefits Administration
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Manage payroll processes, ensuring timely and accurate salary payments.
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Administer employee benefits schemes such as pensions, insurance, and other compensations.
- Systems & Process Improvements
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Maintain and improve financial systems and accounting software
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Develop and implement financial controls and procedures to ensure accuracy and efficiency.
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Drive process improvements and automation to streamline operations and reporting.
- Team Leadership
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Supervise and mentor junior finance staff.
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Provide guidance and training on financial best practices to other departments.
Key Skills & Qualifications:
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Essential:
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Proven experience as a Financial Controller, Finance Manager, or similar role.
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Professional accounting qualification (ACA, ACCA, CIMA, CPA).
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Strong knowledge of accounting principles and practices (UK GAAP, IFRS).
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Proficiency in accounting software
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Excellent Excel skills and financial modelling experience.
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Strong analytical and problem-solving skills.
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High level of attention to detail and accuracy.
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Desirable:
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Experience in the advertising, media, or creative industries.
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Knowledge of project-based accounting and revenue recognition in an advertising setting.
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Familiarity with relevant financial regulations and tax laws in the UK.
Personal Attributes:
- Commercially minded with a strategic approach.
- Strong communication and interpersonal skills, able to present financial information to non-finance stakeholders.
- Ability to work independently and manage multiple tasks in a fast-paced environment.
- Proactive, flexible, and able to adapt to changing business needs