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- Tasks: Manage financial reporting, tax compliance, and cash flow forecasting while leading the finance team.
- Company: Join 111 SKIN, a luxury skincare brand founded by renowned surgeon Dr Yannis Alexandridis.
- Benefits: Enjoy opportunities for professional growth, a dynamic work environment, and potential remote work options.
- Why this job: Be part of a pioneering brand that transforms skincare with innovative solutions and a celebrity following.
- Qualifications: Must be a qualified ACCA/ACA accountant with FMCG or retail experience; SAGE X3 knowledge is a plus.
- Other info: Ideal for proactive individuals eager to drive process improvements and enhance their finance career.
The predicted salary is between 43200 - 72000 £ per year.
ABOUT US
Developed by renowned Harley Street cosmetic surgeon, Dr Yannis Alexandridis, 111 SKIN is a potent combination of surgical expertise, innovative formulations, and a deep understanding of skin’s 3D healing process. Originally created to help his patients’ skin heal after surgery, the brand focuses on pioneering solutions for specific skincare concerns and delivers clinical results. Believing in prevention – not intervention, each specially created product is inspired by Dr Yannis’ medical observations and extensive knowledge to ensure that the complexion is truly transformed. In just 5 years, the brand has expanded to over 40 products with 5 ranges and has become a staple with celebrities, supermodels, make-up artists and beauty editors. Now stocked internationally with retailers such as Harrods, Harvey Nichols, Space NK, Joyce Beauty, Mecca, Net-A-Porter, Barneys, Violet Grey and many more, 111 SKIN inhabits a niche, luxury space within the growing skincare market.
ABOUT YOU
The Finance team plays an integral role for 111SKIN and its sister companies. We are responsible for providing day-to-day financial accounting in addition to supporting the business with strategic financial development. As the Group Finance Manager, you will be responsible for managing the statutory financial reporting, tax compliance, cash flow forecasting as well as managing our AP and AR functions. You will also work closely with our external auditors as well as our external tax advisors to ensure compliance. You will analyse and challenge figures across various aspects of our financial infrastructure whilst contributing to the wider financial growth of 111SKIN.
WHAT YOU’RE HERE TO DO
- Financial Management
- Conduct monthly balance sheet reconciliations including inventory valuation, fixed assets, intercompany reconciliations, credits and debtors ledgers, accruals, prepayments etc.
- Ensure accuracy and compliance with accounting standards.
- Support on the coordination of the month end close process.
- Manage the AP & AR functions, oversee payment runs and support the Credit Controller on managing aged debtors.
- Manage the fixed assets register as well as capex reporting and budgeting.
- Responsible for submitting UK & EU VAT returns and managing US Sales tax.
- Manage day to day cashflow and cashflow forecasting, ensuring any risks and opportunities are raised well in advance.
- Lead on the annual audit, being a key point of contact for external auditors.
- Work alongside Avalara to support on US sales tax project.
- Be the key point of contact for Sage, managing projects for development and day to day queries.
- Liaise with external tax advisors on compliance matters.
- Drive process improvements, particularly within AP & AR, replacing manual processes with automated processes.
- Manage cashflow, optimise working capital and oversee treasury activities.
- Improve cashflow forecasting accuracy, working closely with Operations to drive better accuracy in stock buy forecasting.
- Work alongside our Sage partners to establish automated cashflow reporting.
- Management of the AP & AR functions, including line management of two people.
- Assist wider Finance team regarding financial data, acting as a subject matter expert.
- Be proactive, regularly updating wider Finance team and management of any risks or opportunities.
- Look for opportunities to further your own learning and development.
- Undertake any other task, deemed to be appropriate to this role, as directed by a member of the Management Team or Board.
WHAT YOU NEED TO KNOW
The Group Finance Manager is expected to have the following skills and knowledge:
- Qualified ACCA/ACA accountant.
- Experience working in a fast-paced FMCG, consumer goods, retail, cosmetics business.
- Strong business acumen and commercial awareness.
- Strong technical knowledge, solid understanding of accounting frameworks, policies, and procedures.
- Team management experience desirable.
- Previous experience of working with SAGE X3 highly desirable.
Group Finance Manager employer: 111SKIN
Contact Detail:
111SKIN Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Group Finance Manager
✨Tip Number 1
Familiarise yourself with the specific financial regulations and compliance requirements in the cosmetics industry. Understanding the nuances of VAT returns and sales tax, especially in the UK and EU, will give you an edge during interviews.
✨Tip Number 2
Highlight your experience with cash flow management and forecasting. Be prepared to discuss specific strategies you've implemented in previous roles that improved cash flow accuracy or optimised working capital.
✨Tip Number 3
Showcase your project management skills, particularly in leading audits or implementing new financial systems. Discuss any successful projects where you drove process improvements, especially in AP & AR functions.
✨Tip Number 4
If you have experience with SAGE X3, make sure to mention it. Being able to demonstrate your proficiency with this software can set you apart from other candidates, as it's highly desirable for this role.
We think you need these skills to ace Group Finance Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in finance management, particularly in FMCG or cosmetics. Emphasise your qualifications, such as ACCA/ACA, and any specific achievements that align with the responsibilities of the Group Finance Manager role.
Craft a Compelling Cover Letter: In your cover letter, express your passion for the skincare industry and how your skills can contribute to 111 SKIN's financial growth. Mention your experience with statutory reporting, cash flow forecasting, and team management to demonstrate your fit for the role.
Showcase Relevant Experience: When detailing your work history, focus on experiences that relate directly to the key responsibilities listed in the job description. Highlight your involvement in audits, tax compliance, and process improvements within finance functions.
Proofread and Edit: Before submitting your application, carefully proofread your documents for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a finance role.
How to prepare for a job interview at 111SKIN
✨Showcase Your Financial Acumen
As a Group Finance Manager, you'll need to demonstrate your strong technical knowledge and understanding of accounting frameworks. Be prepared to discuss specific examples from your past experience that highlight your expertise in financial management and compliance.
✨Familiarise Yourself with the Brand
111 SKIN has a unique position in the skincare market. Research the brand's history, products, and target audience. This will not only show your interest but also help you align your answers with the company's values and goals during the interview.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills and ability to manage financial challenges. Prepare scenarios where you've successfully navigated complex financial situations, particularly in fast-paced environments like FMCG or retail.
✨Highlight Your Leadership Skills
Since the role involves managing the AP & AR functions and leading a small team, be ready to discuss your management style. Share examples of how you've motivated teams, improved processes, and driven results in previous roles.
