The Finance Manager’s role will be to create financial statements but will be almost starting from scratch- this is due to the accounts and processes that have been inherited are currently insufficient. There is very little in the way of a handover so the FM will need to be very confident and proficient at reading and managing accounts- this represents a great opportunity to add value quickly, and once new processes and a ‘clean-up’ project to bring the 2022 accounts up to scratch has been completed, the business can push forward. This role has two direct reports who currently are on part-time basis.
Accountabilities that will be included in the role of the Finance Manager, include:
- Rebate calculations – Accruals, payments and ensuring that they are within contractual terms
- Stock valuations
- VAT returns
- Monthly management accounts to MD and HoF
- Overseeing AP and AR – ensure that they are in compliance with the groups corporate policies
- Modelling (excel) for any analysis that the HOF/MD requires – forecasts/potential product line additions
- Quarterly physical finance Stock Count and stock value checks
- Liaising with Ops Manager – for cost/price changes
- Bank reconciliations
- Balance sheet reconciliations
- Supporting other departments when necessary
Key characteristics needed include:
- Flexibility – you need to able and willing to pick up ad-hoc tasks when required
- Autonomy and self-motivation – they are a hard-working, small team and you need to work well in that type of environment
- Excel Skills including Vlookups, Pivots and basic formulas.
- Extensive accounting knowledge
- Quick learner
- Gets stuck in – enjoys a role with a mix of basic/administrative tasks and more complex, challenging responsibilities.
- Progressive – this role will expand in the future and so someone who wants to grow with the business would fit perfectly.