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- Tasks: Lead financial strategy and reporting for the Ilminster site, ensuring budget goals are met.
- Company: Join a dynamic manufacturing company focused on innovation and growth.
- Benefits: Competitive salary, leadership opportunities, and a collaborative work environment.
- Why this job: Make a significant impact on financial decisions and drive site success.
- Qualifications: Qualified Accountant with extensive finance experience and leadership skills.
- Other info: Opportunity to work closely with diverse teams and enhance your career in finance.
The predicted salary is between 72000 - 108000 £ per year.
Overview
The role holder works with the Ilminster site management team to ensure the site achieves its financial budgets, forecast and strategic plan growth targets.
Responsibilities
- Provide timely, accurate and insightful aggregated financial reporting to the ILM site management team to ensure financial budgets, forecasts are achieved or exceeded.
- Oversee the development of the site’s budget, forecasts and financial strategic plans.
- Ensure G&H finance policies and controls are fully implemented in the Ilminster site.
- Act as a finance business partner to the ILM site leadership team ensuring that the financial consequences of alternative decisions are accurately assessed and presented.
- Ensure supporting business cases are properly prepared to support business decision making e.g. investment decisions, alternative supplier sourcing etc.
- Provide financial input and approval for quotes and proposals submitted to customers, through the Gate Review process.
- Ensure the complete and accurate financial accounting and reporting of the ILM site.
- Responsible for the long-term contract accounting in compliance with IFRS 15, including revenue recognition and cost allocation:
- Work closely with engineers and project managers in the St Asaph Innovation Hub, as well as purchasing and operations teams in Ilminster, to compile accurate Estimates at Completion (EAC) for ongoing contracts.
- Review overall contract margins and assess the financial performance of long-term projects.
- Prepare and maintain accurate forecast revenue recognition figures for each project.
- Assess research and development activities undertaken to determine which costs meet the criteria for capitalisation under IAS38.
- Ensure standard costs are properly maintained and analysed, and corrective actions are proposed for variances identified.
- Ensure financial systems are in place to allow the Ilminster site to comply with customer mandated financial reporting (e.g. UK Govt, ESA).
- Liaise with the Group’s external auditors to provide requested information and explanations to support a smooth and efficient audit of the site.
- Ensure foreign currency exposures are identified and mitigated.
- Submit tax packs for the site to allow the calculation of the Group’s UK tax liabilities.
- Together with Ilminster Site management develop and implement processes and procedures to ensure the efficient, profitable operation of the site’s manufacturing activities.
- Provide leadership and management for the Ilminster Site Financial Controller.
RESPONSIBILITIES – G&H Finance Team member
Group Finance provide ad hoc support and share expertise as part of Group Finance projects. This will include
- Supporting the annual reviews of other sites adherence to the G&H financial controls framework.
- Supporting projects to improve the efficient operation of Finance function activities.
SPECIALIST FUNCTIONAL KNOWLEDGE
- A. Strong understanding of International Financial Reporting Standards
- B. Knowledge of UK direct and indirect tax.
- C. Good understanding of the Syspro ERP system and associated reporting suites.
COMPETENCIES QUALIFICATIONS
- Communication skills
- Qualified Accountant (UK CIMA, ACA or equivalent)
- Leadership
- Delivering Results
- Quality and Accuracy
- Accountability
EXPERIENCE
- Extensive experience in a finance role with leadership responsibility and acting as a finance business partner to non-finance colleagues.
- Experience in a manufacturing environment.
- In depth knowledge and experience of operating ERP systems and standard costing systems.
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Head of Finance employer: G&H Group
Contact Detail:
G&H Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Finance
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance sector, especially those who might know about opportunities at Ilminster. A friendly chat can sometimes lead to a foot in the door.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of IFRS and UK tax regulations. We want you to be ready to impress with your expertise and show how you can contribute to the site’s financial success.
✨Tip Number 3
Don’t forget to showcase your leadership skills! Be ready to discuss how you've successfully managed teams and projects in the past. We love seeing candidates who can inspire and drive results.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in being part of our team at Ilminster.
We think you need these skills to ace Head of Finance
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Head of Finance role. Highlight your experience in financial reporting, budgeting, and working with cross-functional teams. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for the role and how your background in finance can help us achieve our goals at the Ilminster site. Keep it engaging and relevant!
Showcase Your Leadership Skills: Since this role involves leading the finance team, make sure to highlight your leadership experience. Share examples of how you've successfully managed teams or projects in the past. We love seeing strong leaders!
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at G&H Group
✨Know Your Numbers
As a Head of Finance, you'll need to demonstrate your financial acumen. Brush up on key financial metrics relevant to the role, such as budgeting, forecasting, and IFRS standards. Be ready to discuss how you've successfully managed financial reporting in previous roles.
✨Understand the Business
Familiarise yourself with the company's operations, especially in manufacturing. Understand how finance interacts with engineering and project management. This will help you articulate how you can be a valuable finance business partner to the site leadership team.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills. Prepare examples where you've had to make tough financial decisions or present business cases. Think about how you assessed the financial consequences of alternative decisions and what outcomes resulted from your recommendations.
✨Showcase Your Leadership Skills
As this role involves leading the finance team, be prepared to discuss your leadership style. Share examples of how you've motivated teams, improved processes, or implemented financial controls. Highlight your ability to communicate complex financial information to non-financial colleagues.
