Advanta Solutions / Advanta Wealth
Backed by Beech Tree PE https://www.beechtreepe.com/portfolio/advanta-wealth
Advanta Solutions is the UK holding company of Advanta Wealth, a fast-growing, multi-faceted wealth management and complementary services group. The business is centred around a market leading, customer focused Chartered Financial Planning business, Advanta Wealth, which provides its clients with holistic financial planning services, complemented by mortgage and insurance brokerage facilities within the wider group. Advanta currently employs c.100 people (and growing) and consistently delivers market leading organic growth rates, with c.40% of revenues each year generated from new business as a result of a highly satisfied customer base and strong service levels. The Business has grown the assets which it manages on behalf of customers from less than £200m only three years ago to over £1bn today. They have a collaborative and positive culture.
There is an experienced leadership team with a proven track record of buy and build growth and significant acquisitions have taken place. Due to the rapid growth, there is a newly created position of Group Financial Controller. Reporting to the Group CFO, this is an exciting opportunity for the right person to join an ambitious, fast-growing Private Equity-backed business.
Fundamental responsibilities are timely financial and commercial reporting, process and control improvement and back-office integration of acquisitions.
It is vital that the Group Financial Controller has solid experience in financial and commercial reporting and control, ideally within a Financial Services regulated environment, so that they can make a direct positive impact on further professionalising the Finance department and enhancing the business and its bottom line (rather than merely report performance). This is an ideal position to gain wider commercial PE exposure and truly contribute to a strategically focused growth plan. This role is initially office based ideally within our Bath office or alternatively in our London office, though flexible longer term.
Key Points
* An excellent opportunity for candidates wishing to further their career in a PE backed business.
* Rare opportunity to get into fast-paced buy and build at senior finance level.
Responsibilities
* Timely financial and commercial reporting for the group.
* Leading and developing the finance function, including regular appraisals – ensuring appropriate skills development to the team.
* Build financial controls and processes to ensure the security of assets and maximise profit performance.
* Lead on the year end audits, work closely with the auditors to ensure any issues are resolved.
* Implementation of improved financial systems and processes.
* Timely integration of newly acquired businesses back-office functions and the implementation of standard controls and information flows across the group.
* Monthly Management Accounts and Financial KPI’s, analysing and reporting on performance on a site and consolidated basis.
* Cash flow forecasting.
* Management of annual Budget and regular re-forecast processes.
* Improving reporting timelines to meet the requirements of the Private Equity investors of weekly/monthly MI as required.
* Managing covenant and cashflow reporting.
* Production of annual Consolidated Financial Statements, liaising closely with the auditors.
* Longer term supporting the transaction and Due Diligence.
The Applicant
* Must be a fully qualified accountant, ideally with 5 years PQ experience.
* Strong technical accounting skills, track record of year end reporting and working with auditors.
* Ability to build a “first in class” finance function – building and developing the team and improving the quality and timeliness of financial reporting.
* Able to problem solve and effect change.
* Integrity and open communication.
* Ideally experienced in using Sage Intacct and Planful.
* Strong excel and system skills.
* Desire to improve new financial systems, processes and controls.
We kindly ask for no agency support with this role, and any speculative CV’s sent will not be considered as an introduction by an agency.
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