Head of Finance

Head of Finance

Stockton-on-Tees Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead the finance team, manage financial processes, and report to senior management.
  • Company: Join JMAC Group, a dynamic company focused on growth and innovation.
  • Benefits: Enjoy a competitive salary, professional development, and a supportive work environment.
  • Why this job: Be part of strategic decisions that shape the company's financial future and drive success.
  • Qualifications: Must have a professional finance qualification and 5+ years of relevant experience.
  • Other info: This is a permanent, office-based role in Stockton with a Monday to Friday schedule.

The predicted salary is between 43200 - 72000 £ per year.

Location: Stockton On Tees

Salary: Negotiable (depending on experience)

Type: Permanent

Reporting: To the external Group Finance Director and the Board

Hours: Monday - Friday (Office based)

Main Purpose:

The Head of Finance will be responsible for day-to-day management of all aspects of the Finance function and team. As a senior member of staff you will report directly to the external Group Finance Director and the Board. You will assist in strategic decisions, managing the financials of the whole Group, as well as managing opportunities, financial processes and financial risks on a day-to-day basis, to strengthen the financial position of the Group.

Under your management will be a growing Finance Team consisting of a Finance Manager, Treasury, Sales Ledger, Purchase Ledger and reporting roles. In addition there are Commercial & Finance Business Partners within the Group, who are responsible for effective Credit Control, who work within Operational departments.

You will lead the finance team looking at efficiencies and improvement of accounting processes, functions and simplification & maximisation of use of Software to streamline day to day tasks.

Duties:

  • Effective daily management of the full Finance function including:
  • Group Sales Ledgers, credit control & staff operating within that function.
  • Group Purchase Ledgers, including the accuracy & effectiveness of procurement processes, supplier relationships & staff operating within that function.
  • Management of Payroll function Group wide (Sage 50 Payroll - Weekly/Monthly)
  • Treasury Management & Cashflow Forecasting: Working closely with your Treasury function to ensure rolling cashflow forecasts are timely & accurate
  • Key Reporting & MI Including:
  • Monthly management accounts & MI packs by entity & a monthly Group Consolidation.
  • Development of further KPI metrics reporting in conjunction with the Commercial Function
  • Management of reporting resource to ensure month end deadlines are consistently met
  • Annual Group budget production by entity.
  • Continuous improvement and develop of financial & operational processes
  • Dealing with Finance Houses and external bankers on behalf of the Group
  • Management of the YE audit process to successful completion
  • Recruitment, management, development & improvement of your team.
  • Provide Training and guidance to all staff on financial implication but specifically your team.
  • Develop and maintain strong working relationships with Directors and senior leadership team and other departmental Managers, to ensure improved awareness of strategic planning, forecasts, KPIs and activities that will in turn allow recommendations on future business decision making and proactive planning.
  • Explain complex financial information clearly and accurately to non-finance managers in order to drive financial KPI's and compliance across the business.
  • Support the management in controlling and managing the costs within budget thereby ensuring optimum financial performance.
  • Manage the financial maintenance of the Group's reporting systems, including cost centres, profit centres, hierarchies and material masters to maintain one system of truth for robust group reporting frameworks.
  • Act as the finance lead, and add value to all business review meetings, making sure the financial performance is understood.
  • Support the development of reporting & tools used to drive functional Key Performance Indicators, aimed at maximising company performance.
  • Requirements:

    • Professional qualification (CIMA/ACCA/ACA) with minimum 5 years post qualification experience.
    • Demonstrable significant experience in managing Finance & Accounts functions on a daily basis to a high standard.
    • Demonstrable experience in an entrepreneurial, high-growth, dynamic environment, including managing & leading a finance team in such an environment.
    • A commercially minded finance professional, able to build & develop working relationships across the Group.
    • Ability to manage upwards & downwards, with demonstrable experience in reporting & presenting to senior management.
    • A pro-active, solution-based person, with the ability to analytically find root causes and provide realistic solutions.

    For more information about this exciting opportunity please get in touch with Dan at Imperial Recruitment Group.

    Head of Finance employer: Imperial Workforce

    JMAC Group offers an exceptional work environment for the Head of Finance role, located in the vibrant area of Stockton On Tees. With a focus on employee growth and development, the company fosters a collaborative culture that encourages innovation and efficiency within the finance team. Employees benefit from competitive salaries, a supportive management structure, and opportunities to lead strategic financial initiatives that directly impact the organisation's success.
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    Contact Detail:

    Imperial Workforce Recruiting Team

    StudySmarter Expert Advice 🤫

    We think this is how you could land Head of Finance

    ✨Tip Number 1

    Network with professionals in the finance sector, especially those who have experience in high-growth environments. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends in finance management.

    ✨Tip Number 2

    Familiarise yourself with the specific financial software mentioned in the job description, such as Sage 50 Payroll. Having hands-on experience or certifications in these tools can set you apart from other candidates.

    ✨Tip Number 3

    Prepare to discuss your previous experiences in managing finance teams and improving financial processes. Be ready to provide examples of how you've successfully implemented changes that led to increased efficiency or cost savings.

    ✨Tip Number 4

    Research JMAC Group and their financial strategies. Understanding their business model and challenges will allow you to tailor your discussions during interviews, demonstrating your genuine interest and strategic thinking.

    We think you need these skills to ace Head of Finance

    Financial Management
    Team Leadership
    Strategic Planning
    Cashflow Forecasting
    Budgeting and Forecasting
    Financial Reporting
    Process Improvement
    Stakeholder Management
    Communication Skills
    Analytical Skills
    Problem-Solving Skills
    Relationship Building
    Knowledge of Accounting Software (e.g., Sage 50)
    Compliance and Regulatory Knowledge
    Training and Development

    Some tips for your application 🫡

    Tailor Your CV: Make sure your CV highlights relevant experience in finance management, team leadership, and strategic decision-making. Use specific examples that demonstrate your ability to manage financial processes and improve efficiencies.

    Craft a Compelling Cover Letter: In your cover letter, address how your professional qualifications (CIMA/ACCA/ACA) and experience align with the requirements of the Head of Finance role. Emphasise your ability to lead a finance team and your experience in high-growth environments.

    Showcase Your Achievements: Include quantifiable achievements in your application, such as successful budget management, improvements in financial processes, or any KPIs you have developed. This will help illustrate your impact in previous roles.

    Prepare for Potential Questions: Anticipate questions related to your experience in managing finance functions and leading teams. Be ready to discuss specific challenges you've faced and how you overcame them, particularly in dynamic environments.

    How to prepare for a job interview at Imperial Workforce

    ✨Showcase Your Leadership Skills

    As a Head of Finance, you'll be leading a team. Be prepared to discuss your leadership style and provide examples of how you've successfully managed and developed finance teams in the past.

    ✨Demonstrate Financial Acumen

    Expect questions about financial management, cash flow forecasting, and KPI development. Brush up on your knowledge of these areas and be ready to share specific strategies you've implemented in previous roles.

    ✨Prepare for Scenario-Based Questions

    You may be asked to solve hypothetical financial challenges or improve processes. Think through potential scenarios and how you would approach them, showcasing your analytical and problem-solving skills.

    ✨Communicate Clearly with Non-Finance Stakeholders

    Since you'll need to explain complex financial information to non-finance managers, practice simplifying financial concepts. Be ready to demonstrate how you've effectively communicated financial insights in the past.

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