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Interim FD/FC - Turnaround

Michael Page Finance
Posted 3 days ago, valid for a day
Location

Kingswinford, West Midlands DY6 7LJ, England

Contract type

Part Time

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.

Sonic Summary

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  • This position is for an Interim Financial Controller at a company facing financial distress.
  • The role requires an experienced financial leader with a professional accountancy qualification and a proven track record in managing cash flow and working capital, particularly in distressed environments.
  • The position offers a competitive day rate, outside IR35, for approximately 6 months.
  • Key responsibilities include cash and working capital management, financial reporting, and team leadership.
  • This is a unique opportunity to contribute to the company's financial recovery and future growth.

This is a unique opportunity to step into a pivotal role with a company currently navigating through a period of financial distress. As the Interim Financial Controller, you will play a key part in stabilizing the financial operations and steering the business through a critical phase.

Client Details

Our Client is a diversified and growing company with a strong presence in its industry. However, like many businesses in it's sector, it is currently experiencing financial challenges and is seeking an experienced Interim Financial Controller to lead the finance function through a period of transformation.

The business has an established reputation, and although the company undergoing a period of change, the highly skilled leadership team are focused on long-term recovery and success. This is a chance to play a vital role in re-establishing financial strength and contributing to the company's future growth.

Description

Key Responsibilities:

  • Cash and Working Capital Management: Manage and optimize cash flow to ensure liquidity and mitigate financial risk. Work with department heads to closely monitor and manage working capital, focusing on key areas such as receivables, payables, and inventory management.

  • Cash Flow Forecasting: Prepare and maintain accurate and realistic cash flow forecasts to provide insight into short-term and long-term financial positioning. Ensure the business has sufficient cash resources to meet its obligations.

  • Bank Relationships: Build and maintain strong relationships with banks and other financial institutions. Coordinate with external partners to arrange financing and credit facilities as required.

  • Supplier Relations: Work closely with suppliers to manage payment terms and ensure that the company's financial obligations are met in a timely manner.

  • Financial Reporting: Oversee the preparation of accurate financial reports, including management accounts and other performance-related metrics, ensuring timely and transparent reporting to senior management.

  • Cost Control: Analyze the company's cost structure and identify areas for improvement. Implement cost control measures where necessary to support cash conservation.

  • Stakeholder Communication: Provide regular financial updates and insights to senior management and key stakeholders, guiding them through the company's financial challenges.

  • Team Leadership: Manage and guide the finance team, ensuring they are focused and aligned with the company's immediate financial recovery goals.

Profile

To be successful in this role, you will be an experienced and hands-on financial leader with a proven track record of managing cash flow and working capital, particularly in distressed environments. You will be adaptable, proactive, and capable of building strong relationships with external partners, such as banks and suppliers.

You will also hold a professional accountancy qualification: ACA, ACCA or CIMA.

Job Offer

Working with an excellent team of people to future proof a company.

Good day rate, outside IR35 for c. 6 months

Apply now in a few quick clicks

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.