SENIOR FINANCE MANAGER GROUPReports to: Head of Financial Control
This role manages the Group team who are responsible for:
UK and international statutory reporting, working closely with 3rd party accounting partners to ensure global reporting compliance requirements are met.
Financial updates to shareholders and our banking consortium.
Managing the Groups cash, ensuring we have sufficient funds to service the needs of the business today and in the short to medium term.
Managing foreign currency risks from buying and selling in multiple currencies.
Management and Investor Reporting
Accountable for the consolidation process, which includes translation of 8 foreign operations and significant intra-group stock movements.
Responsible for timely and accurate delivery of monthly group management accounts for board and banks. Understand and document reporting team explanations for key P&L variances and critically analyse balance sheet and cash flow variances.
Ensure timely and accurate monthly submission of financial information to our investors.
Statutory Reporting and Compliance
Lead the project management of the Group and UK external statutory audits, managing the delivery of colleagues across finance and the wider business.
Oversee the preparation of the consolidated financial statements and UK subsidiary financial statements by the Group team, including all relevant disclosures.
Oversee the preparation of financial statements in 8 international jurisdictions, project managing the audits where relevant. Ensure the reconciliation of subsidiary accounting records to group ledgers so local GAAP differences are appropriately documented and understood.
Develop and maintain strong relationships with UK and international audit and accounting providers to ensure ongoing compliance with all relevant and upcoming reporting requirements and to ensure value is maximized from these service providers.
Ensure the Group team provide clear technical accounting advice across Finance and to the wider business. Convey any business impacts of changes in accounting standards to senior non-financial stakeholders.
Preparation and review of papers to support complex and judgmental accounting matters to include hedge accounting, impairment, onerous leases and share based payments. Ensure compliance with accounting standards at all times.
Lead the project to implement IFRS 16.
Drive forward the preparation of a Group Accounting policy manual and then ensure this is maintained by staying ahead of changes to accounting standards and reporting compliance.
Cash Flow and Treasury
Responsible for providing weekly cash reporting to the business and lenders, including communicating the weekly variances to the latest 13 week forecast, analyzing and reviewing the reasons for the variances and advising on updating methodologies as appropriate.
Through your review ensure all bank accounts are sufficiently funded for immediate term cash requirements.
Manage FX transactions with the CFO.
Review of quarterly covenant compliance reporting.
Day-to-day management of 2 direct reports (Group Finance Manager and Management Accountant) and indirect management of a third.
Ensure the learning and development needs of the team are met by setting objectives, coaching and providing constructive feedback through regular one-to-ones.
Key contributor to the Strategy setting for the Group team.
Identify and implement systems and process changes to continuously improve the effectiveness and efficiency of the Groups reporting and audit cycle.
Support the Head of Financial Control with Global Company Secretary requirements.
Be a super user of the Group Finance system and implement system controls, such as maintaining exchange rates and coordinating the period close checklist.
Represent the Group Finance team on business projects to include entry to new markets, group structure rationalization, professional service provider consolidation, ESG reporting and investor exit readiness preparations.
Proactive continuous evolution of month end reporting and analysis to better communicate financial performance to key stakeholders.
A qualified ACA accountant with 7+ years PQE. This should include a minimum of 2 years post qualification experience within industry within a Group team.
Able to thrive in a fast-paced, deadline driven work environment, managing competing priorities.
Proactive and willing to roll up sleeves to understand and question the detail.
Experience in multi-currency consolidations through time working with a multi-national group or within a national audit practice.
Excellent numeracy and IT skills including advanced Excel (lookups, pivot tables).