Finance Director

Job Description

New Finance Director to lead Finance function and work closely with the board. We are a specialist professional services firm, operating mainly in the Construction sector and the role is based in North London. Turnover is in excess of £100mand managing a team of around 19 employeesThe guide salary is £130k (negotiable) although this will be assessed depending on experience and suitability for the role.Hybrid working is on offer and the role includes potential Bonus, Private Medical & Pension contributions.Features of the Role

• The business is cash positive and operates a proven business model
• The current owner is looking to grow the business and is making key hires to achieve this
• An owner managed business with a very entrepreneurial culture - able to implement changes quickly
• Well established, scalable processes in place (Group looking to automate some processes so ability to impact / add value to the business)
• Highly professional management team
• While some travel may be required, there is not a high level of travel anticipated with the role

Assignment DetailsScopeAccountable for the administrative, financial, and risk management operations of the company, including the development of a financial and operational strategy, metrics and reporting, tied to that strategy, and the ongoing development and monitoring of controlsystems designed to preserve company assets and report accurate financial resultsSpecifically, to:

• Be the financial business partner for all areas of the business
• Assist in formulating the companys future direction, supporting tactical initiatives as required.
• Monitor and direct the creation and implementation of strategic business plans.
• Develop and maintain financial, tax and risk management strategies.
• Manage the budgeting and capital request processes within the business.
• Develop performance measures that support the companys strategic direction and facilitate decision making.

AccountabilitiesOperations

• Participate in key decision making as a member of the executive management team.
• Manage the accounting, tax, and treasury activity within the business. Provide financial input / support to the IT and legal teams as required.
• Work collaboratively with key business units, ensuring timely business/accounting reporting.
• Supporting, and closely working with Human Resources in relation to payroll, compensation and benefits processes, training budgets and any other employee related matters for purposes of accounting.
• To oversee all role-related matters in relation to governance, risk and compliance (such as being appointed as the Senior Accounting Officer and duties in relation to any relevant committees that may exist from time to time.).
• Manage relationships with any finance related third parties.
• Oversee the companys transaction processing systems, ensuring these are optimised and are fit for purpose.
• Implement and maintain operational best practices.
• Overall management of the Accounting team(s).
• Ownership of all financial reporting - ensuring accurate information is provided on a timely basis.
• Actively support any M&A initiatives undertaken by the business, including supervising acquisition due diligence work, participating in / supporting deal negotiations as required and ensuring targets acquired are integrated into the group on a timely basis.

Financial Information

• Drive the company’s financial planning process. Ensure budget/forecast timetables set realistic deadlines, and lines of responsibility for providing inputs are clearly set out.
• Oversee the timely issuance of accurate financial information.
• Oversee the Accounts Payables, Accounts Receivable and Cash cycles within the business, highlighting possible improvements at the earliest opportunity.
• Manage and report on cash flows - seek to maximise interest income subject to ensuring cash is always available when needed to make operative payments.
• Provide ad-hoc reports and analyses that provide management with insights into the business

Risk Management

• Understand and, where possible, mitigate key elements of the companys risk profile.
• Collaborate with the in-house legal team on all open legal issues involving the company.
• Monitor legal developments with a financial component affecting the industry, with a view to developing responses that maximise opportunities / minimise risks.
• Construct, enhance and monitor robust financial control systems.
• Liaise with the Insurance team to ensure appropriate insurance coverage is maintained for the business and its’ directors (including directors liability insurance and professional indemnity insurance).
• Ensure that the company complies with all legal reporting and regulatory requirements.
• Ensure that record keeping meets the requirements of auditors and government agencies.
• Maintain relations with external auditors and investigate their findings and recommendations

Skills and Experience

• 10 years plus, financial business administration experience.
• Working as a financial partner at board level.
• Recognised professional qualification in Finance such as ACA, ACCA, ACMA
• High-level of written and oral communication skills
• Highly organised
• Willing to be "hands on" as required
• Well-developed mentoring and team leadership skills (managing up as well as down).
• Ability to multi-task and revise priorities as situations develop
• Commercially aware

Desirable

• Exposure to businesses with high volume transaction processing requirements
• Treasury management
• Familiarity with HMRC’s CIS regime
• Exposure to SAO regime
• Exposure to the construction industry