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- Tasks: Lead the production of accurate financial reports and manage a high-performing finance team.
- Company: Join a dynamic engineering/manufacturing company focused on excellence and continuous improvement.
- Benefits: Enjoy hybrid working options and opportunities for professional development.
- Why this job: Make a real impact by improving financial processes and mentoring team members in a senior role.
- Qualifications: Must be a fully qualified accountant with at least 3 years of experience in financial reporting.
- Other info: Experience with IFRS, UK GAAP, and strong analytical skills are essential.
The predicted salary is between 43200 - 72000 £ per year.
As Head of Financial Reporting you will be responsible for producing accurate, consistent and efficient production of the group-wide financial reporting. The role reports directly to the Head of Finance as their number two and offers hybrid working. Whilst the role does not have budgetary responsibility, you will have responsibility for some direct reports within the finance team and be required to liaise with multiple internal and external stakeholders. This is considered a senior position within the finance team.
Responsibilities:
- Ensure consistent, efficient, accurate, compliant and timely production of group-wide financial reporting. This includes but is not limited to: Individual and consolidated Management Accounts with full Balance Sheet, Statutory accounts, VAT returns, Board Reports with variance analysis and Cash Flow Statements.
- Presentation of Business Reviews to individual business units on their performance and highlighting any areas of concern.
- Provide costing analysis around machine utilisation and labour hours.
Budgeting & Forecasting:
- Oversee the preparation and management of budgets and forecasts on a periodic basis liaising with individual business heads.
- Prepare the weekly stack chart report for distribution.
- Lead on weekly credit control.
Process Improvement and Cost Management:
- Champion, identify and implement process improvements within the Financial Reporting process, both from a control and efficiency perspective with a view to improving the current reporting timetable.
- Identify opportunities for cost savings across the group.
- Opportunity to lead and develop a high performing finance team, fostering a culture of excellence and continuous improvement.
- Provide mentorship and guidance to team members to support their professional development.
General:
- Work closely with internal stakeholders including the operational teams, to ensure usability of the reports and add both context and meaning to the financial reports produced and attending internal meetings as and when required.
- Liaise directly with external stakeholders, including but not limited to external auditors, HMRC and the bank.
- Training of finance team, and provision of training when required to the wider organisation.
- Accurate and timely implementation of changes to regulation, including but not limited to: Changes in accounting standards and changes in HMRC legislation.
Technical/IT and Education Requirements:
- Fully qualified accountant (ACA/CIMA/ACCA) or equivalent with minimum 3 years PQ experience.
- Experience of working within an engineering/manufacturing environment to understand costings and project WIP.
- High level of attention to detail and organisation.
- Current, detailed knowledge of IFRS and UK GAAP and practical experience of group reporting (including consolidation), and application of IFRS 15 in a project-based environment.
- Fully proficient in Microsoft Office.
- Valid holder of a UK Drivers Licence with your own vehicle.
- Knowledge of Access Dimensions Accounting Software, Sequel Reporting and Crystal Reports desirable.
- Experience of working to SLAs.
- Excellent communication and stakeholder management skills with the ability to challenge, influence, negotiate and partner with multiple and varied stakeholder groups.
- Significant experience in process optimisation, and proactive in continued process improvements.
- Strong analytical skills.
- Strong technical accounting knowledge.
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Head of Financial Reporting employer: Envisage Recruitment Limited
Contact Detail:
Envisage Recruitment Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Financial Reporting
✨Tip Number 1
Familiarize yourself with the specific financial reporting standards and regulations mentioned in the job description, such as IFRS and UK GAAP. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in the field.
✨Tip Number 2
Highlight your experience in process improvement and cost management during networking opportunities or interviews. Be prepared to discuss specific examples where you've successfully implemented changes that enhanced efficiency in financial reporting.
✨Tip Number 3
Since this role involves liaising with various stakeholders, practice your communication skills. Consider how you can effectively present complex financial information in a way that is understandable to non-financial colleagues.
✨Tip Number 4
If you have experience in an engineering or manufacturing environment, be ready to discuss how that background has equipped you with the necessary skills for understanding costings and project work in progress (WIP). This will set you apart from other candidates.
We think you need these skills to ace Head of Financial Reporting
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in financial reporting, budgeting, and forecasting. Emphasize your qualifications as a fully qualified accountant and any relevant experience in engineering or manufacturing environments.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the Head of Financial Reporting position. Discuss your leadership experience, your ability to implement process improvements, and how you can contribute to the finance team’s success.
Highlight Technical Skills: Clearly outline your technical skills, especially your knowledge of IFRS, UK GAAP, and any accounting software you are proficient in, such as Access Dimensions Accounting Software or Crystal Reports.
Showcase Stakeholder Management Experience: Provide examples of your experience in managing relationships with internal and external stakeholders. Highlight your communication skills and your ability to influence and negotiate effectively.
How to prepare for a job interview at Envisage Recruitment Limited
✨Showcase Your Technical Expertise
As a Head of Financial Reporting, it's crucial to demonstrate your deep understanding of IFRS and UK GAAP. Be prepared to discuss specific examples from your past experience where you successfully applied these standards in group reporting or consolidation.
✨Highlight Process Improvement Initiatives
Discuss any previous experiences where you identified and implemented process improvements within financial reporting. Share measurable outcomes that resulted from your initiatives, as this will showcase your proactive approach to efficiency and cost management.
✨Prepare for Stakeholder Management Questions
Given the role's emphasis on liaising with various internal and external stakeholders, be ready to provide examples of how you've effectively communicated and collaborated with different teams. Highlight your ability to influence and negotiate, especially in challenging situations.
✨Demonstrate Leadership and Mentorship Skills
Since you'll be leading a finance team, it's important to convey your leadership style and how you foster a culture of excellence. Share instances where you've mentored team members or contributed to their professional development, emphasizing your commitment to building a high-performing team.
