Our client is an luxury Childrenswear Fashion brand with stores in London and a big online presence, they are going through growth and currently looking for an experienced Part Qualified Finance Manager to join their business as the first in-house Finance hire.
They are looking for someone that has worked in Fashion / Retail and have a good knowledge of this sector.
This is an exciting role that will look after the day to day finances, cash-flow forecasting and reporting but you will also work closely with the MD on business and commercial tasks and projects to really add value.
Responsibilities:
Finance and Accounting Operations:
- Ensure all finance functions and accounting records are accurately maintained and updated in a timely manner.
- Undertake all primary bookkeeping tasks, ensuring all income and expenses are approved, accurately recorded, and VAT is correctly treated.
- Initially, manage outsourced accountants, but to save costs, consider scaling outsourced accountants back to only handling payroll and annual accounts.
- Conduct regular reconciliations, including weekly reconciliations between all accounting systems, bank accounts, debtors, creditors, monthly income, and actual vs. budget cost summaries.
- Reconcile customer and supplier deposits, payments, and invoices, ensuring they match sales.
- Manage Purchase Order process interdepartmentally to ensure full and detailed clarity on company expenditures.
- Maintain all fixed asset registers, ledgers, and control accounts accurately.
- Assist in the preparation of management and statutory accounts and support the preparation of year-end files for internal and external review.
- Assist with the monthly stock reconciliation and attend physical stock takes as required.
Financial Management and Reporting:
- Assist with cash flow management and maintain P&L for all individual cost-centres within business.
- Prepare VAT returns, ensuring timely submission.
- Create payment runs on a fortnightly and ad-hoc basis.
- Establish and implement financial reporting systems to comply with all regulations and legislation, ensuring the company always remains compliant.
- Assist in the preparation of budgets and financial plans for the company, incorporating appropriate market research.
- Establish new Month-End reporting structure and inventory stock-take procedures.
- Prepare payroll submissions for the Managing Director to review, prior to submission to the third-party payroll bureau.
- Assist the Finance Director and Managing Director in presenting all financial reports to stakeholders and board members.
Personal Qualities:
- Bachelor's or master's degree in Finance, Business, Economics, or a related field.
- Part-qualified ACA, ACCA, or CIMA accounting qualification is desirable.
- Several years of experience in a fashion/retail business environment.
- Management experience, with proven leadership, organizational, and interpersonal skills, and a high attention to detail.
- Excellent written and verbal communication skills.
- High degree of honesty, integrity, and reliability.
- Strong critical thinking and problem-solving abilities, with excellent research and analytical skills.
- High level of computer literacy, especially in Excel and Xero.