Head of Finance

Head of Finance | Orpington | £70k - £90k

Cobb & Jones are working with an owner-managed SME in Orpington, supporting them in their search for a new Head of Finance, acting as the backbone of the financial operations and ensuring that the company's financial health is maintained and improved. They will provide timely accurate reports and forecasts to enable the management team to make sound decisions and support all areas of the business with financial reports and advice. Reporting into the Managing Director, the Head of Finance will manage all accounting and financial reporting functions, taking responsibility for the finance department. The primary responsibility is to ensure the accuracy, integrity, and timeliness of financial reports.

On Offer:

• £70k - £90k
• 25 days holiday + bank holidays
• Bonus

Profile:

• Professional Accounting Qualifications (ACCA, CIMA)
• Minimum 5-7 years’ experience in Financial Management and Reporting
• Can evidence creating reporting and financial processes from scratch
• Proven Leadership and Team Management Skills
• Proficient user of IT and Accounting systems
• Previous roles to include Financial Controller, Head of Finance or Finance Director

Responsibilities:

Financial Reporting

• Preparing and presenting financial statements (P&L, balance sheets, cash flow statements).
• Ensuring compliance with accounting standards and regulatory requirements.
• Analysing financial data to provide insights and recommendations to senior management.

Budgeting and Forecasting

• Developing, managing, and monitoring the company's annual budget.
• Conducting financial forecasting to project future revenues, expenses, and financial performance.
• Identifying variances between actual and budgeted results and advising on corrective actions.

Internal Controls and Compliance

• Establishing and maintaining internal controls to safeguard company assets and ensure accurate financial reporting.
• Ensuring compliance with tax laws, financial regulations, and internal policies.
• Managing audits, both internal and external, to validate financial processes and controls.

Cash Management

• Overseeing the company’s cash flow to ensure sufficient liquidity for operational needs.
• Overseeing accounts payable and receivable, ensuring timely payments and collections.
• Optimizing working capital and managing short-term financing if needed.

Financial Analysis and Strategy

• Conducting financial analysis to support business decisions, such as cost analysis, pricing strategies, and profitability assessments.
• Assisting in strategic planning by providing financial insights and projections.

Team Leadership and Development

• Leading and managing the accounting team, including training, and performance management.
• Ensuring the team adheres to best practices and stays up-to-date with changes in accounting standards and regulations.

Tax Planning and Compliance

• Managing tax planning to minimize the company’s tax liability.
• Ensuring timely and accurate filing of tax returns and managing relationships with tax authorities.

Cost Control and Expense Management

• Monitoring and controlling company expenses to optimize profitability.
• Implementing cost-saving initiatives and identifying areas where costs can be reduced.

Risk Management

• Identifying financial risks and implementing measures to mitigate them.
• Ensuring adequate insurance coverage and compliance with financial risk policies.

Financial Systems and Process Improvement

• Overseeing the implementation and maintenance of financial software and systems.
• Continuously improving accounting processes to enhance efficiency and accuracy.