Head of Finance

My client, is currently seeking a Head of Finance for their Ilminster site. This is fantastic opportunity for a candidate to join a company with multi sites across the world and work a 36 hour working week over 4 days!This role is office based so you must be situated within commuting distanceKey Duties and Responsibilities

• Build Stakeholder confidence in DMJ by aligning and synchronizing Financial and Business Planning processes.
• Contribute strongly to the definition and execution of Business Strategy as it is developed by the DIBE Senior Management Team.
• Provide line management and leadership of the Finance team.
• Motivate and lead finance team members by clarifying roles and providing helpful feedback
• Restructuring the Finance team, to ensure job allocations are correct, provide training and clarity, for individuals roles.
• Maintain, control and optimise the ERP system for all financial and business processes.
• Create systems to prevent errors in data collection and calculations, whilst continuing to review and update.
• Prepare timely monthly management accounts for DIBE and DME in accordance with accounting policies, review and submit results to DMJ through the monthly reporting package.
• Ensure DMJ deadlines are always met.
• Prepare and submit to DMJ quarterly consolidated financial accounts with notes for DIBE and DME, utilising the Stravis system.
• Respond to queries from group accounts and audit.
• Manage company cash flow through monitoring transactions and by creating analysis to provide projections to improve cash management in the company.
• Provide finance team guidance and direction on how to improve reporting information, timely and context.
• Provide guidance on how to improve the cashflow situations that arise and ensure concise planning, to enable us to manage within our cash limitations.
• Prepare annual budget, reporting variances and support managers with corrective plans.
• Provide SMT with budgets on a departmental level.
• Control of international VAT- import, duty, fiscal representation, Intrastat returns and EU sales listing
• Ensure that all financial transactions are properly recorded, filed and reported. This includes sales, purchases and all ledgers.
• Manage Credit Control ensuring there are customer credit checks, setting credit limits, monitoring of aged debts and collection of outstanding amounts.
• Manage Finance team routine activities including payroll generation, staff expenses, P11Ds , PAYE settlement agreements and reconciliations . Ensuring adhere to HMRC regulations.
• Providing technical support and advice to all on site companies for VAT, and PAYE.
• Develop and improve financial systems and management information.
• Prepare annual statutory accounts in conjunction with the auditors
• Manage annual audit for DIBE and DME.
• Provide and analyse information for corporation tax returns to the Company’s external advisors
• Introduce and maintain control of CAPEX financial process including the Fixed Asset Register
• Review monthly customer sales report and monitor customer profitability.
• Re-establish financial internal controls across the business and maintain a culture of process improvement.
• Review all financial reports and data closely to check for discrepancies.
• Review, amend, provide and maintain the Accounting Policy and J-SOX documentation and ensure policies adhered to within the businesses.
• Maintain trust and effectively co-ordinate, communicate and manage relationships with external auditors, advisors, insurers, banks and suppliers.
• Take a lead role in costing & forecasting to ensure there is consistency and data accuracy throughout the process.
• Develop and Install an integral overheads costing system, linked into the budget and cross analysed to the actuals in the accounts.
• Maintain professional knowledge through continuing professional development activities.

As a term of your employment, you may be required to undertake such other duties as may reasonably be required of you in the post and department mentioned above or in a comparable post in any of the Company’s other departments.Person Spec Qualifications/Education standards and level of skillsCIMA/ACCA qualifiedKnowledge and Skills EssentialA qualified Accountant with significant experience in fulfilling the complete range of financial management processes

• An understanding of the complexities of finance management within an international Group is preferred, ideally with some experience within the manufacturing sector and foreign currency transactions.

• A strong IT skill set is essential including previous experience of Information Systems Management, in which you will have gained knowledge of ERP system implementation and optimisation

• Strong communication and interpersonal skills

• Crtitical thinking, sound problem solving skills, analytical skills and use of initiative.

• Experience in effectively managing a small team

• Strong personal organisation skills are required with experience in meeting regular accounting deadlines.

• Drive and compassion to ensure forward growth within individuals within the team,