Our client is an owner managed successful local development company, based in Skipton who have been developing unique quality homes in the local area and internationally for over a decade.
They currently have an exciting opportunity for an experienced finance professional, to work part time. The leadership team wants to overhaul and improve the management reporting in the business to offer more transparency to shareholders of performance, WIP and project success against forecast. The role would be responsible for all companies in the group, the holding company and all project subsidiary companies. Working closely with the Quantity Surveyor to understand the planning and anticipated costs of a project, to monitor and report deviations from expectations at the planning stage.
This role is ideally suited to an experienced senior finance professional with a proven track record of working in owner managed businesses. Someone who understands the needs of the role and can work independently and is adept at liaising with stakeholders, funders and external advisors.
Working hours & Benefits:
£35,000 - £40,000 per annum based on a 20 hour week
Working hours are open to negotiation and flexible
Role Responsibilities
Forecasting
- Working with the Quantity Surveyor to understand project costings
- Sense check project costings against industry standard build costs per square foot
- Flex project costs to report potential deviations to manage expectations of a project from the outset.
- Understanding and reporting company overheads.
Monthly Reporting
- Creating a new Monthly reporting pack – to include meaningful management accounts, commentary
- Monthly reporting requirement of clear understanding of work in progress and deviations from forecast
- Creating meaningful Management Information Reporting to monitor the business clearly and concisely, in a timely manner
- Clear reporting of project costs to forecast,
- Extrapolation of project cost deviations from forecast, to estimate ultimate project profitability
- With any building project there are remedial costs post completion, understanding, reporting and providing for such costs in the management reporting and year end accounts.
- Creating a model to provide for estimated remedial costs and match them to the project during the life cycle of the project.
Annual Reporting
- Providing the data to external accountants for yearend statutory reporting
- Reviewing of year end accounts produced by external accountants
- Liaising with external accountants to ensure annual reporting to meet statutory deadlines
- Maintaining the books and records to remain reconciled and aligned with yearend filed accounts
Corporation Tax
- Liaising with external accountants over the timely preparation of Corporation Tax Reporting
- Providing analysis to support the accurate calculation of Corporation Tax
- Reviewing Corporation Tax computations for completeness and accuracy to the information supplied
- Timely payment of Corporation Tax
Funding
- Understanding the terms and covenants, of any loan agreements
- Liaising with funders to ensure all reporting requirements are met on a timely basis
- Ensuring covenants are adhered to
- If any covenants are at risk of being breached, ensure they are reported in a timely manner to the leadership team and the funder
Operational
- Setting up approval process and controls around all costs
- Cashflow management and forecasting
- Processing and paying monthly salaries & pension contributions, in line with approval processes
- Timely payment of contractors following the approval process and managing cashflow
- Monthly VAT return review, due to the nature of the business, a monthly reclaim position. VAT needs to be submitted and reclaimed as soon as possible each month
- PAYE – RTI submissions to HMRC at the point of processing payroll, ensuring all PAYE is paid to HMRC ahead of statutory deadlines
- Annual P11D reporting, payment of any associated Employers National Insurance (accrue in the management accounts)
Statutory Reporting
- Ensuring Companies House updates are completed on time
- Company Confirmation Statements
- Take minutes of Board Meetings and circulation
- Documentation and filing of key company decisions
Essential Skills / Qualifications
- Professional Qualification: ACA, ACCA, CIMA, or equivalent
- Minimum of 5 years of experience in finance leadership roles
- Proficient understanding of finance management principles
- Strong planning and organisational skills to prioritise own work and deadlines alongside the needs of the wider business
- Proven ability to manage multiple projects ensuring compliance with budget restrictions
- Excellent written communication and planning skills
- An ability to deliver in a complex, fast paced environment
- Strong knowledge of financial software and Excel
- Excellent analytical thinking and numerical skills
- A proven track record of identifying and leading process improvements