Fractional Financial Controller in Leeds

Do you have a management accountant background and experience setting up a new company? And the current capacity to work two days a week for the next three months? This could be for you!

Location: Remote (needs home office)

Engagement Type: Contract and part time (approximately 2 days a week for 8-12 weeks, with realistic likelihood of extension)

Daily Rate: £400 to £500

Our client is a newly established entity undergoing a significant reorganisation and separation from its parent company. This standalone business will be funded from the same overarching Group it is spinning out of and requires a dedicated finance professional to establish its foundational financial and administrative infrastructure.

We are seeking an experienced Contract Finance Manager to lead the "front-end" setup of the spun-out new business. This role is crucial for establishing the financial and administrative framework required for the new entity to operate independently. The ideal candidate will be a proactive, hands-on professional capable of navigating complex setup processes and ensuring compliance who also has a finance/accountancy background. While the role is largely remote, some initial on-site presence could be beneficial for fostering a strong working relationship.

• Entity Setup:
• Oversee and manage new company registration.
• Handle VAT registration and corporation tax setup.
• Establish new bank accounts and finance facilities.
• Systems & Processes:
• Set up new payroll suppliers and related processes.
• Implement and configure Dynamics 365 Business Central (BC) or similar ERP systems.
• Develop and manage asset lists, including understanding and transferring asset values from Group to NewCo.
• Business Administration:
• Renegotiate lease agreements for new facilities.
• Establish new agreements with energy suppliers and other essential service providers.
• Manage various business administration tasks, including contract review and setup, beyond pure numerical accounting.
• Financial & Group Structure:
• Work within a group structure, demonstrating experience with intercompany recharges and transfers.
• Assist in initial cash flow management, understanding that funding will be provided from Group and NewCo will be initially loss making.
• Collaboration & Support:
• Work in conjunction with external solicitors and accountants on legal and tax aspects.
• Collaborate with existing staff, including on TUPE arrangements.

• Proven experience in setting up a new business entity or guiding a business through administration and into a new legal entity.
• Strong understanding of "front-end" financial and administrative setup processes (e.g., registrations, bank accounts, supplier contracts).
• Experience with Dynamics 365 Business Central (BC) or Microsoft Dynamics NAV.
• Ability to handle a broad range of tasks, including both financial and business administration duties.
• Experience working within a group structure and managing intercompany transactions.
• Excellent communication and organisational skills.
• Ability to work independently and take initiative in a fast-paced environment.
• Comfortable with remote work arrangements.

• A proactive problem-solver who can identify and resolve challenges without extensive hand-holding.
• Experience with asset transfer and valuation between entities.

Note: This role is focused on the initial setup phase. While ongoing management accounts and treasury functions will eventually be needed, this specific contract prioritises the foundational establishment of the NewCo and its separation from the Group entity.