Finance Manager

Due to continued business growth, our client is recruiting for a Finance Manager to join their team on a full-time basis in Lancaster. The Finance Manager will hold sufficient experience in a similar role and be a fully qualified Accountant (ACA, ACCA, CIMA). Whilst also holding previous experience with Work in Progress and Project Accounting. The Finance Manager will have a strong attention to detail and be investigative in nature, will be proactive with a willingness to propose new ideas and suggest improvements to streamline processes and drive business improvements to support future business growth. 
 
THE SUCCESSFUL APPLICANT 
 
Essential:
  • Fully qualified accountant (ACA, ACCA, CIMA).
  • Sufficient experience in a similar role.
  • Extensive experience in Microsoft Office, in particular excel.
  • Previous experience with Work in Progress and Project Accounting.
  • Sage Line 50 or 200 experience.
Preferred:
  • Previous experience in the manufacturing industry.
JOB DESCRIPTION
  • Responsible for preparing the Annual budget based on trading forecast provided by Senior Management. Ensuring this captures prior year position, and GP% and EBITDA is consistent with Senior Management expectations.
  • Ensure that appropriate financial controls and procedures are in place within the business.
  • Prepare monthly management accounts with supporting slides to be issued to the Group Finance Manager for consolidation in line with relevant reporting deadlines.
  • Prepare and post monthly accruals, prepayments, WIP and stock journals, and other accounting entries as required.
  • Responsible for maintaining a separate schedule for major projects as directed, summarising the project result, and matching the costs and the revenues, fully reconcile the work in progress codes, and ensure that the costs and revenues incurred to date are reasonable when compared against the expected final result on the project.
  • Liaise closely with Project Teams to ensure proper financial planning and monitoring of projects.
  • Reconcile the monthly stock take, highlighting any variances to the Group Finance Manager and Senior Management Team.
  • Manage the working capital cycle of the business, ensuring that for each individual project that cash receipts from customers are managed against the related expenditures to suppliers.
  • Responsible for monitoring the company's cash flow, providing updates to the Group Finance Manager as required.
  • Manage the payment runs of the business in line with reported cash flow statements seeking approvals in accordance with company procedures.
  • Approve online banking payments, according to approved payment runs, ensuring accurate bank details are maintained on the banking system in line with company processes and procedures.
  • Ensure all sales invoices are raised in a timely manner in accordance with the contractual payment milestones.
  • Ensure that variation orders are raised for both cost and time variations where there is a cost or time overrun, caused by the customer.
  • Monitor on a regular basis the outstanding debtors and follow up with relevant personnel where any cash collection issues are identified.
  • Maintain responsibility for the payroll process, ensuring all entries are reviewed and approved prior to payroll processing, whilst approving the salary payments within the banking system. 
  • Responsible for tax compliance including income tax, VAT, and corporation tax and reviewing monthly VAT returns. 
  • Ensure all research and development expenditure is captured. Collate this expenditure along with supporting documentation, work with R&D tax advisors and submit appropriate R&D tax claims.
  • Responsible for preparing the audit file for the year end audit and liaising as appropriate with the auditors and tax advisers to complete the statutory accounts and corporation tax returns in line with the filing deadlines.
  • Responsible for driving continuous improvement of end-to-end accounting practices, seeking support from the Group Finance Manager as necessary.
  • Keep abreast of changes in financial regulations and legislation and implementing as required.
  • Deal with any general financial issues arising within the company and highlight these to the Group Finance Manager and Managing Director as appropriate.
  • Responsible for providing and interpreting financial information for informed decision-making.
  • Assist to formulate strategic and long-term business plans to support business growth and management of change.
  • Responsible for conduct reviews and evaluations for cost-reduction opportunities in accordance with company procedures and business requirements.
  • Assistance with developing a new ERP system.
  • Assist with other duties as required.
REMUNERATION PACKAGE ON OFFER 
 
Competitive Salary and benefits package.