Finance Director
Permanent Position
Excellent salary/package (Holiday: 25 days + 8 Statutory Days, Pension up to 8% matched, Health cash plan, 5x Death in Service + more!)
Monday – Thursday 8am – 4.30pm, Friday 8am – 1pm
Growing Manufacturing Business
Poole (Hybrid working available)
My client are a precision manufacturing business, based in Poole, specialising in machining and assembly of high value low volume components.
The Finance Director will have full responsibility for the finance function, working closely with the MD, to develop and execute the business strategy in alignment with the business plan; ownership of ensuring financial controls are in place; delivering financial targets in line with business guidelines; and ensuring compliance with UK regulations.
Finance Director
Job Description
- Demonstrate strong leadership of the Finance function, driving culture and performance to meet and exceed the business expectations.
- Act as effective Business Partner to the Poole site management team providing both support and challenge acting as a key contributor to the overall business strategy.
- Become an active member of the Finance Leadership team including supporting the function to deliver its medium-term strategy of Finance Transformation.
- Develop close working relationship with Regional CFO with focus on openness and transparency.
- Focus on development and succession plans of local Finance team.
- Take ownership of the numbers and present them at a regional level.
- Management of IT and Despatch teams
Financial Reporting and Forecasting
- Manage all financial reporting and audit requirements ensuring that all statutory reporting deadlines are achieved.
- Ensure all monthly financial accounts and associated analysis are submitted accurately and on time to deadlines.
- Responsible for producing an accurate and robust annual budget and subsequent quarterly forecasts. Including setting hourly rates and standard costing.
- Develop strategic objectives and plans as part of the 3 year strategic plan with full ownership for delivery of all financial targets.
- Responsible for the submission of annual year-end accounts in line with requirements.
- Co-ordinate the annual external audit process.
Financial Control
- Implement and Maintain strong financial control environment in accordance with the Internal Control Declaration (ICD).
- Ensure processes are in place to deliver efficient cash management and robust forecasting.
- Review quotation process and contract reviews to ensure margins and overall financial returns meet business objectives and are continually improved.
- Ensure local accounting processes are in line with the Group policy and that Authorities limits are understood and adhered to
- Maintain and develop understanding of Standard Costing across all functions so that it becomes embedded into the culture of the Company.
- Maintain the ICD evidence binder for the site.
Management Accounting
- Responsible for reviewing and submitting Monthly Management Pack and related financial schedules accurately and on time.
- Responsible for full variance analysis and explanation with real time information; completing cost centre reviews with owners to ensure understanding and accountability for the results.
Finance Director
Essential Qualifications / Experience / Skills
- Must be fully qualified (CIMA or ACA)
- Experience of operating within a global manufacturing/technology business with a balance of working both strategically and operationally
- Proven track record in providing high quality, right first-time financial accounts and analysis
- Proven track record in playing an active role in business partnering for growth
Finance Director
Desirable Qualifications / Experience / Skills
- Proven experience at FD level of a £30m+ business
- Previous experience in a Lean manufacturing operation