Head of Finance Acro Aircraft Seating is one of the UK’s leading and fastest-growing manufacturers of passenger seats for commercial airlines around the world. We are an agile, innovative business at the forefront of disrupting the aerospace market. Through modern methodologies, lean techniques, inspired innovation, and passion for being the best, Acro is positioning itself to be the world’s leading aircraft seating supplier. Collaboration is one of Acro’s core values, by working together and applying our skills and expertise across Sales, Engineering, Quality, Supply Chain and Operations, we find the solutions to our clients’ most complex challenges and how we deliver our promises today and tomorrow. Location: UK Salary: Competitive EXCELLENT BENEFITS 25 days holiday bank holidays Pension Healthcare scheme Life assurance Employee Assistance Programme Retail discounts Training opportunities 37.5 hours per week – 1 pm finish on a Friday Hybrid working To be successful in this position, you will have/be; Financial Reporting & Governance Ensuring accurate and timely financial reporting to stakeholders, including executives, board members, parent company and regulators Provide full support to parent company during month end, quarter end, year and audit review Oversee monthly, quarterly, and annual financial reporting to internal and external stakeholders Establishing procedures to ensure that financial transactions are properly authorised, recorded, and reviewed and able to develop internal control system across the business Monitor and analyse financial data to identify trends and patterns and provide recommendations to senior management and the Executive Team Ensuring the company complies with financial regulations and accounting standards (such as GAAP or IFRS). Overseeing audits and tax filings. Ensure accurate and timely worldwide regulatory filing for e.g. Tax, VAT, NS, PSA, P11D etc Budgeting and Forecasting Leading the annual budgeting process, monitoring expenditures, and making adjustments as necessary. Forecasting future financial performance based on historical data and market trends. Monitor actual performance against the budget and take corrective actions when necessary Analyse financial trends and variances, providing recommendations to improve profitability and cost efficiency Able to challenge budget holder when variance is outside the tolerance Overseas and work with FP&A on 3 month rolling forecast and identify the gaps against budget and make recommendation to the commercial team Treasury Management Manage daily cash and develop and sustain a process that forecasts out three to six months and send to parent company to review. Ensure efficient working capital management, including accounts receivable and payable. Cost Management and efficiency Develop lean approach across whole finance team and able to influence other departments Being proactive implement best business practise in business Constantly look for cost reduction and cost saving across all areas Team management, policies and procedures Manage a team of 7 including financial controller, Senior FP&A, Business Partner, AP & AR supervisor, three AP and AR. Ensuring the team work effectively and are aligned with the company’s financial objectives Foster a high-performance culture within the finance department. Other • Ad-hoc reporting and duties to support the Executive Team and Chinese parent company • Manage a small IT team and ERP Skills and experience required Qualified Accountant – ACA, ACCA or CIMA preferred – with IFRS experience Very hands on Head of Finance role with the progression to be the next FD Prior experience working in a manufacturing/physical product environment is preferred Minimum of 7 years of experience in a financial leadership role, preferably within the aviation or manufacturing industry Proven to be a self-motivated, dedicated and proactive member of a Finance team, with a commitment to getting the job done to the deadlines set Dedicated to furthering the standards of the department and finding solutions that fit the business Excellent interpersonal skills and understanding of organisations, being able to explain financial information and terminology to non-technical parties clearly and communicate effectively at all levels Capacity to perform effectively under tight deadlines, prioritise competing tasks and manage conflicting demands Good understanding of ERP system and understand the GL Mapping Proficient in the use of ERP software (preferably Epicor) applications along with advanced Excel skills The Parent Company of ACRO Aircraft Seating is Zhejiang Tiancheng Controls Co., Ltd headquartered in China. We really want to hear from you, so don’t miss your opportunity to join us Once you apply, your CV will be held on our central database. Please do let us know if you do not wish for us to retain your details. If your application is successful, you will be contacted in due course. Acro Aircraft Seating is an equal opportunities employer. Please view our website for access to our Job Applicant Privacy Notice. The closing date for applications is 24th January 2025. Please note: This advert may close early if sufficient applications are received. Acro Aircraft Seating uses reserve lists for positions where more than one candidate is deemed suitable for a position. Reserve lists are in place for 12 months, during which time reserve candidates may be offered the same or similar post should one become available.