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Working Pattern: Hybrid working (3 days required on site)
Who Are we?
MandM is one of the biggest employers in Herefordshire and one of Europe’s leading online, off-price retailers, selling branded Fashion, Sport & Outdoor products for Men, Women and Children.
We offer our customers fantastic value by partnering with companies with whom we have built long-term relationships, enabling us to offer our customers big household names and up-and-coming brands, giving fantastic value all year round.
We are located in the heart of Hereford City Centre in our brand new, state-of-the-art office. The modern, stylish workspace was designed to encourage collaborative working, teamwork, and creativity - everything that MandM is all about.
As our business continues to grow, we are recruiting for a talented Head of Commercial Finance to join our growing team. Why not come be a part of our journey to success and take advantage of all MandM can offer you!
More than a role
1. Company bonus: We succeed, you benefit
2. Career Growth: Opportunity to grow
3. Staff Discounts: Stay stylish with our exclusive discounts.
4. Generous Holiday Allowance: Enjoy 5 weeks of well-deserved breaks. You even have the option to buy an extra week.
5. Birthday Delight: Take your special day off to celebrate YOU
6. Free Parking
7. Health & Wellbeing programme: We’ll look after you
The Role Scope
As a key member of the finance team, this role takes ownership of all commercial finance, financial planning, financial analytics, and management accounting. As the primary finance owner of trading costs in the P&L (north of £100m), the role will support and drive business decision-making, partnering with senior stakeholders across the business. The position will lead and manage 1 qualified and part-qualified accountant and work closely with the financial control and purchase ledger teams. The role also works closely with the Data team to ensure that data and systems are used to deliver accurate financial information and the optimal level of business insight and efficiency.
Key Responsibilities:
1. Be the finance lead for key business functions, predominantly Operations, Customer, and HR, but also Buying & Merchandising.
2. Help define and refine business KPIs, ensuring they are monitored and understood across MandM.
3. Drive and deliver commercial analytics across the P&L to support decision-making and identify opportunities/risks.
4. Oversee the Senior Finance Business Partner aligned to Operations and understand costs, KPIs, opportunities, and risks.
5. Oversee the finances of the EU warehouse operation, ensuring 3PL performance is understood.
6. Business owner of all Postage income, working with Customer and Operations teams around pricing and profitability.
7. Support capex and opex requests, including new contracts/contract renewals through investment appraisal including costs/benefits.
8. Ownership and preparation of budgets and forecasts, including bringing together all financial information.
9. Lead update and refinement of MandM’s 5-year plan.
10. Drive the Finance team to utilize all available data tools to enhance effectiveness and work closely with the Data team to realize data opportunities impacting both Finance and the wider business.
11. Enable the commercial finance team to use business data to drive informed decision-making and enhance processes and reconciliations.
12. Ownership of key P&L lines and accountability for parts of the balance sheet.
13. Management of the preparation, content, and distribution of Management Accounts.
14. Oversee month-end reporting, management accounts prep, Group, and Board reporting.
About You
1. Qualified CIMA/ACCA or equivalent with 3+ years PQE.
2. Commercial Finance background is a must.
3. Strong team leader who has developed individuals and managed performance.
4. Able to work on own initiative.
5. Excellent communication skills with experience of communicating at all levels.
6. Experience with budgeting, forecasting, modelling, and planning.
7. Good knowledge of accounting standards.
8. High level of numeracy.
9. Excellent attention to detail.
10. Strong finance systems experience, including analytical tools.
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