Overview
Our client specialises in helping their partners communicate their sector’s value, win government support, access new markets, attract investment and amplify their R&D programmes to drive the growth of sectors that will most contribute to a sustainable world. They are now looking for a Finance Director to join their growing team.
Salary: £58,000
The Role
The Finance Director is a key role in the leadership team, working alongside the other SLT members to drive income growth and ensure a sustainable business. With the leadership team, the role contributes to the strategic direction, business planning, management, policies and care of staff and the operational effectiveness of the business in line with company visions and objectives. The Finance Director is responsible for the delivery of timely and accurate financial information, budgeting, financial accountability and providing strategic insights through data analysis. The role plans, directs and organises all financial and accounting aspects through management of the finance team, ensuring efficient processes with appropriate financial controls.
Responsibilities
Senior Leadership Team Role
1. As member of the SLT, contribute to the overall leadership of the company, attending weekly SLT meetings
2. With SLT, determine & set business strategy & direction, and team structure
3. Report to the Board of non-exec directors on the financial performance of the business, ADBA & WBA
4. Review & negotiate financial provisions in contracts prior to sign-off
5. Approve internal Project Initiation Documents (project approval forms) with CEO & COO
6. With COO, determine operational initiatives required to deliver business strategy
7. Interviewing other potential new SLT members as required
Finance Role
8. Providing the company with analysis, data and business insight
9. Preparation of annual budgets and ongoing proactive management
10. Overseeing the preparation of management information and reporting forecasts and actual results (P&L and cash)
11. Overseeing production of the statutory accounts and their submission to Companies House
12. Responsible for statutory reporting and compliance (annual accounts, VAT and corporation tax returns, ONS, etc)
13. Preparation of (Windward Fund, Horizon & Innovate UK) Grant applications for funding, submission of financial reports to grant bodies per grant requirements and grant drawdowns
14. Design & implementation of management reporting & forecasting system to replace Excel (Fathom) including development of financial KPIs
15. Design and production of new management reports & board reports
16. Build and maintain excel Sales dashboard used to record all sales, reporting against budget and prior year
17. Preparation & Submission of bank loan applications
18. Cashflow monitoring to ensure sufficient funds, and manage investment of surplus funds in interest accounts
19. Oversee cash management, debt collection and preparation of cash flow forecasts
20. Bank signatory and manage bank relationship
21. Review payroll & sales commission calculations prepared by Accounts Assistant
22. Pension administrator
23. Developing and monitoring finance procedures and policies
24. Implement finance process improvements
25. Create quarterly sales targets, sales target reports and, with Sales Director, design sales commission structure
26. Liquidation and wind up of Green Gas Trading Ltd
Within current role but to move to management accountant once recruited:
27. Monthly reforecasting & consolidation to create management reports (P&L and cashflow, budget vs actuals, YOY data)
28. Preparation of annual budgets (Management Accountant to assist)
29. Statutory reporting – preparation and filing of annual year end accounts (4 companies)
30. Corporation tax – preparation and filing of year-end tax computations & returns (4 companies)
31. Review quarterly VAT returns prior to submission (4 companies)
32. Review monthly GL reconciliations & cash actuals prepared by Accounts Assistant
33. Approve payments of invoices, expenses, payroll, taxes in online banking
34. Other financial analysis and reconciliation as required
Additional Responsibilities
35. Lead on Workbooks CRM redesign project. To include in Phase 1 redesign organisation & people record pages to capture required implementation; creation of AD plant record to replace excel spreadsheets, implementation of contract & events modules to replace excel and increase productivity for membership & events team; integration with Quickbooks.
36. With COO, design & implement system processes & procedures to ensure efficient ways of working across the organisation and deliver business improvement initiatives
37. Company secretarial duties (filing of confirmation statements, changes to head office & directors, GGT share register)
38. Manage insurance renewal process and procurement of insurance
Team leadership responsibilities
39. To support and lead the Finance team to ensure that they are appropriately motivated and trained and that they carry out their responsibilities to achieve the highest standard of service
40. Recruitment, training and development of the Finance team
41. Conducting regular one to ones with staff offering support, advice and regular feedback
42. Conducting annual performance reviews
HR responsibilities (carried out only when there has not been an HR Manager in place):
43. Management of annual performance review process: ensure it takes place, collate & review appraisals, drive training requirements identified in appraisals
44. Leading Head of HR recruitment & handover
45. Carry out salary reviews & benchmarking
46. Carry out staff surveys & stay interviews
47. Visa sponsorship: administrator for Sponsorship Management system, responsible for the business as a sponsor and sponsorship applications for new employees
48. Setting up Employer of Record for overseas employees if required
49. Engaging with external lawyers to create short term contracts
50. Sourcing & implement new & global payroll providers
51. Updating & creating HR policies & processes. new performance review process, remuneration policy
52. Setting new employees up for payroll & pension
53. Carry out performance management conversations
54. Employee contact
Minimum Qualification
55. ACA, CIMA or ACCA qualified accountant with strong experience