HEAD OF FINANCE

 THE COMPANY

xxxx Limited is a £22m turnover manufacturer of ladders and associated access equipment, and is the UK retail market leader. It is a subsidiary of xxxxxxx Limited, itself part of the xxxxx Group, a privately owned German group with a turnover in excess of £1.4 billion.

The company employs approximately 200 people, predominately on the single manufacturing site at xxxxxx in Derbyshire. Of this total, around 30 are engaged in the various administrative tasks. The customer base includes major multiple DIY retailers, builders merchants, independent hardware businesses etc.

 The company is currently going through a programme of significant change. Major efficiency improvements are being sought in the operational areas of the business, and the sourcing of raw materials and finished goods is being aggressively challenged.  The target is to grow sales by more than 10% per annum whilst increasing profits four fold, and generating strong cash flow.

THE ROLE

This role is the number one finance position in the company, and reports directly to the Managing Director. Working as part of a small management team, some of the main tasks are as follows:

·         Responsible for all financial matters within the company

·         Monthly reporting to Group

·         Provision of management information regarding financial performance

·         Preparation of annual budgets, and periodic comparison of performance against budget

·         Re-forecasting on a regular basis to group requirements and in line with business needs

·         Play a full part in the evolution of Company’s strategy & plans

·         Full responsibility for all IT matters including development of strategy, authorisation of expenditure etc

·         Control of the company’s vehicle fleet

·         Dealing with all company secretarial matters, in association with the UK Group personnel

·         Maintaining the payroll for the directors of the company

·         Ad hoc projects and duties as designated by the Managing Director

Direct reports are 5;      Finance Manager

Payroll Supervisor

Purchase Ledger Supervisor

Credit Controller

IT Manager

SKILLS / EXPERIENCE

 Education

Essential     Must be of graduate calibre and at least part qualified (CIMA, ACA, ACCA)

Desirable    Accounting qualifications backed up by broader training e.g. MBA

Product / Industry Background

Essential     Experience of being a senior financial person within a high volume manufacturing business, with Group reporting requirements.

Desirable    Experience of high volume products sold directly to retailers.  Knowledge of the DIY market, and familiar with the operating requirements of the major DIY Retailers.

Level of Experience

Essential    

Must already have day to day responsibility for the finance function within a high volume manufacturing business with Group reporting requirements. 

Used to operating accurately to tight deadlines with a thorough understanding of the key profit drivers in a customer focused business.

Experienced in the review and improvement of systems and procedures.

Desirable    Knowledge of IAS, SAP and Group Reporting.

Management Accounting

Essential    

A thorough knowledge and experience of producing monthly management accounts to firm deadlines.

Previous responsibility for the analysis and interpretation of manufacturing costs and the identification of corrective action

Good background and firm understanding of profit analysis and interpretation.

Experience of driving business improvement from the interpretation of the financial data, with a good “feel” for the numbers.

Desirable    Knowledge of product costing and the drivers affecting it.

Financial Management

Essential    

Used to Group Reporting requirements and the preparation of Year End Statutory Accounts.

Experienced in dealing with Auditors.

Desirable   

Comfortable handling company secretarial issues in conjunction with support from Head Office.

Planning / Budgeting / Forecasting

Essential    

Experienced in the preparation of annual budgets, including P&L, Balance Sheet and Cashflow.

Used to re-forecasting on a regular basis to Group requirements and as required by the business.

Working Capital Management & Treasury

Essential    

Experienced at managing working capital within Group guidelines.

Desirable   

Knowledge of the Treasury function including foreign currency issues.

IT Systems

Essential    

Previous responsibility for the IT function in a volume manufacturing business, with the development of future strategy.

Strong personal IT skills, particularly spreadsheets.

Desirable   

Experience of an AS400 mainframe system.

Commercial

Essential    

An understanding of commercial agreements and legal issues with good commercial “feel”.

Experience of contract negotiations.

Desirable   

Knowledge of personnel issues and regulations

PERSONAL ATTRIBUTES

An ambitious person hungry for success

  • Used to working in small teams with limited resources
  • Prepared to get ‘stuck in’ and make it happen
  • Drive and commitment
  • Able to enthuse and motivate those around them
  • Comfortable with Group reporting requirements
  • Commercially focused with a good grasp of business principles
  • Good relationship builder at all levels (internally & externally)
  • Team builder and leader
  • Comfortable in an international environment
  • Capable of progressing to Finance Director within 2 years