Head of Manufacturing Finance

Head of Manufacturing Finance

ITM Power

Location: Sheffield

Direct Applications Only – No Agency Applicants at this time

About ITM Power

ITM is at the forefront of the green hydrogen industry, designing and manufacturing cutting-edge PEM electrolysers that are instrumental in global decarbonisation efforts. With over two decades of scientific expertise, we’ve established ourselves as industry leaders in clean energy technology.

Our Journey and Growth

As pioneers in green hydrogen technology, ITM is offering the most advanced PEM electrolyser technology in the world. Founded in 2000, ITM Power PLC was one of the first companies of its kind to be listed on the AIM market of the London Stock Exchange. Headquartered in the UK, our state-of-the-art manufacturing facility is the world’s first largest PEM Gigafactory in commercial operation, and home to our R&D and manufacturing. ITM Power Germany is our hub in the heart of the EU. This facility not only houses regional functions including business development and engineering, but also our Aftersales services with the ability to quickly deploy stacks.

Innovation and Impact

Our PEM electrolysers are deployed in some of the world\’s largest green hydrogen projects. We continue to push the boundaries of technology, enhancing cost-effectiveness and sustainability.

Join Our Mission

ITM is in the midst of a transformative phase, focusing on streamlined delivery and operational excellence. We\’re seeking talented individuals who share our passion for clean energy and our drive to make a tangible impact on the world\’s transition to net-zero.

You will be working with an inspiring bunch of people, encouraging each other to be the best we can. We’ve come a long way, join us in the next step of our incredible journey!

What are we looking for

Reporting to the CFO, this pivotal finance leadership role will oversee all aspects of the Manufacturing and Overhead Finance function, driving strategic initiatives and providing insightful and robust analysis for key decision making. The role is key in shaping the organisation’s internal costing, overhead spend and value creation. Ensuring budgeting and forecasting, and relevant financial models support our business objectives and are strategically focused.

• Provide strategic direction and support across the finance team.
• To lead the manufacturing finance team to business partner Manufacturing and the spend of all other functions.

• To be fully accountable for calculation and analysis of standard costing, ensuring the integrity of relevant balance sheet values and alignment to accounting standards.

• To be fully accountable for overhead reporting, ensuring alignment with relevant executive and department
• To own strategic initiatives to reduce standard costing and overhead costs along with relevant exec, ensuring spend is in valuation creation areas.
• To own financial models for budgeting and forecasting and to lead on these processes.
• Acts as a critical support to the CFO.
• Ensure the team is empowered with clear objectives and has alignment with the company’s strategic aims.
• Ensure robust communication exists within the team, both internally and externally, with all stakeholders.

Responsibilities

• Business partnering with operational leadership and supply chain from procurement through to finished goods.
• Leading budgeting, forecasting and reporting cycles.
• Leading standard costing annual and quarterly process, capturing variances into the standard cost where appropriate.
• Support cash management and working capital initiatives.
• Work across multiple departments to ensure effective delivery of financial and operational services.
• To own the financial models for the standard costing processes.
• Responsible for the preparation of manufacturing and overheads budgets and forecasts, ensuring they are developed and understood by the wider business.

• Responsible for ensuring all matters relating to business areas are auditable and pass audit.
• Own relevant monthly commentary for inclusion in Exec reporting pack.
• Ensure all relevant finance policies and procedures are up to date and compliant with relevant legislation.
• Overseeing stock process.
• Governance of PGM process and control, including monitoring commodity markets.
• Supporting decision-making with clear, data-led advice.
• Driving continuous improvement across finance operations.
• Strengthen internal controls, streamline accounting processes, and drive process improvements.
• Maintain governance standards, balancing business needs with regulatory requirements.

About You

Knowledge and Experience

• Qualified accountant with a recognised body
• A degree in Finance, Accounting or a similar subject (desirable)

• Proven and significant experience in a senior finance leadership role, within manufacturing/engineering or a related sector
• Expert knowledge in finance, costing, and best practices
• Demonstrates commercial acumen – partners with the business to deliver commercially focused strategic outcomes

• Working knowledge of relevant accounting standards

Skills and Abilities

• Effective leadership and people management skills, with a proven track record of building, leading, inspiring and developing high-performing teams

• Strong analytical, strategic thinking, and decision-making abilities
• Outstanding communication skills – able to deliver bad news and give it a positive outlook as well as ability to influence board members
• The ability to accept and provide feedback, be challenged on your advice, and work well under pressure

What We Offer

The opportunity to work with cutting-edge technology in a rapidly growing industry, within a dynamic environment where you can shape the future of energy and work with a team that’s actively addressing global climate challenges. Our corporate culture values safety, integrity and continuous improvement.

A competitive salary and an excellent contributory pension, 25 days holiday and a wider range of benefits including:

• Buy as you earn (BAYE) share scheme
• Birthday holiday
• Holiday Purchase
• Cycle to work scheme
• Lifestyle Discounts
• Employee Assistance Programme
• Health Cash Plan
• Eye Care
• Gym Scheme
• Life assurance
• EV Car Leasing
• Enhanced Parental Leave
• Motor Save Scheme
• Tech Save Scheme
• Our onsite parking includes free electric car charging points

We know your career is important to you, it’s important to us too, which is why we also offer opportunities for you to grow and develop your career. If you are looking to join a growing, dynamic business and want to be part of our amazing team we would love to hear from you.

Our success is driven by the exceptional diversity of our people. We are proud to be an equal opportunity employer, committed to promoting and creating a diverse and inclusive environment where we encourage our employees to learn and grow, fuelled by mutual respect in a place where ideas flow and thrive.

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