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For Companies At a Glance
- Tasks: Lead and develop finance teams in a dynamic environment, ensuring efficient processing and compliance.
- Company: Join Dains Accountants & Advisers, a forward-thinking firm in Birmingham.
- Benefits: Enjoy flexible working, generous leave, health insurance, and a discounted shopping platform.
- Why this job: Make a real impact by driving process improvements and mentoring high-performing teams.
- Qualifications: Proven finance experience with strong leadership and analytical skills.
- Other info: Embrace a culture of accountability and continuous improvement in your career.
The predicted salary is between 36000 - 60000 £ per year.
Overview
Transactional Finance Manager at Dains Accountants & Advisers. Lead and develop the transactional finance teams covering Accounts Payable, Accounts Receivable, Banking, and Expenses. Ensure efficient, accurate, and timely processing across transactional areas while driving process improvements and maintaining robust internal controls.
Department: Internal Finance
Location: Birmingham
Key Responsibilities
- Lead, mentor, and develop teams across AP, AR, Banking, and Expenses, fostering a culture of accountability and continuous improvement.
- Oversee day-to-day transactional processing to ensure compliance with company policies, accounting standards, and deadlines.
- Manage cash flow forecasts, bank reconciliations, and treasury-related activities in coordination with the wider finance team.
- Monitor the AR aging report and proactively drive collections to improve cash flow.
- Ensure timely invoicing, accurate allocation of customer payments, and prompt follow-up on outstanding debts.
- Monitor KPIs and service levels, providing regular reporting and analysis to senior management.
- Ensure proper training and development of team members, conducting regular performance reviews and identifying development opportunities.
- Collaborate with internal stakeholders across departments to resolve queries and drive effective financial operations.
- Control and oversee journal processing in the finance system by monitoring GL journal entries, validating accuracy, maintaining appropriate documentation, and ensuring compliance with internal controls and financial reporting requirements.
- Oversee daily cash management, ensuring bank reconciliations are completed accurately and in a timely manner.
- Monitor and report on cash balances and prepare short-term cash flow forecasts.
Skills, Knowledge & Expertise
- Proven experience in a similar role within a busy finance environment
- Strong leadership skills with a track record of managing and developing high-performing transactional teams
- Solid understanding of end-to-end AP, AR, banking, and expense processes. Excellent analytical, problem-solving, and decision-making abilities
- High level of accuracy, attention to detail, and ability to work under pressure to tight deadlines
- Proficient in financial systems and Microsoft Excel; experience with multiple ERP systems is advantageous
- Strong communication and interpersonal skills, with the ability to build effective working relationships across the business
Job Benefits
- Flexible and hybrid/smart working options
- 25 days annual leave (plus bank holidays)
- Option to buy and sell annual leave
- Health Insurance
- Life Assurance
- A generous discounted shopping platform for all staff
- Greener car scheme
- Cycle to work scheme
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Transactional Finance Manager employer: Dains Accountants & Advisers
Contact Detail:
Dains Accountants & Advisers Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Transactional Finance Manager
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance world, especially those who work at Dains or similar firms. A friendly chat can sometimes lead to job opportunities that aren't even advertised.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of AP, AR, and banking processes. We want you to showcase your leadership skills and how you've driven improvements in past roles. Be ready to share specific examples!
✨Tip Number 3
Don’t forget to follow up after interviews! A quick thank-you email can keep you fresh in their minds and show your enthusiasm for the role. Plus, it’s a great chance to reiterate why you’re the perfect fit.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Transactional Finance Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Transactional Finance Manager role. Highlight your experience in managing teams and your understanding of AP, AR, and banking processes. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how you can contribute to our team. Be sure to mention any specific achievements that demonstrate your leadership and problem-solving skills.
Showcase Your Analytical Skills: Since this role involves a lot of analysis and reporting, make sure to highlight your analytical abilities in your application. Share examples of how you've used data to drive improvements or solve problems in previous roles.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you get all the updates directly from us. Plus, it shows you're keen on joining our team!
How to prepare for a job interview at Dains Accountants & Advisers
✨Know Your Numbers
As a Transactional Finance Manager, you'll need to demonstrate your understanding of key financial metrics. Brush up on cash flow forecasts, bank reconciliations, and KPIs relevant to the role. Be ready to discuss how you've used these in past positions to drive improvements.
✨Showcase Your Leadership Skills
This role requires strong leadership abilities, so think about examples where you've successfully led teams. Prepare to share specific instances where you mentored team members or improved processes, highlighting your ability to foster a culture of accountability and continuous improvement.
✨Be Ready for Scenario Questions
Expect questions that assess your problem-solving skills. Prepare for scenarios related to managing AR aging reports or handling discrepancies in financial data. Think through your approach to resolving these issues and be ready to articulate your thought process clearly.
✨Communicate Effectively
Strong communication is key in this role, especially when collaborating with internal stakeholders. Practice explaining complex financial concepts in simple terms. During the interview, focus on building rapport and demonstrating your interpersonal skills to show you can work effectively across departments.
