At a Glance
- Tasks: Lead the transactional finance team and ensure accurate financial processing.
- Company: Join Lucy Electric, a global leader in intelligent power distribution solutions.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Opportunity for career growth and mentorship in a supportive culture.
- Why this job: Make a real impact in finance while working with a talented team.
- Qualifications: Qualified ACA/ACCA/CIMA with 3+ years of experience required.
The predicted salary is between 55000 - 65000 £ per year.
Job Description
Job Purpose
- We are seeking an experienced
- Lead of
Transactional Team to oversee the transactional finance function, including Accounts Payable, Credit Control, and General Ledger operations.
The role provides leadership and cover for the transactional finance team, ensuring accurate financial processing, strong controls, compliance with statutory requirements, and efficient month-end reporting. initiatives.
Business Overview
Lucy Electric is an international leader in intelligent secondary power distribution products and solutions, with features such as remote operation and monitoring.
Linking energy generation to consumption, the business specialises in high-performance medium and low-voltage switchgear for utility, industrial and commercial applications.
Key Accountabilities
- Leadership & Team Management
- Lead the transactional finance team across Accounts Payable, Credit Control, and General Ledger functions.
- Provide coaching, development, and performance management to support team capability and effectiveness.
- Ensure smooth day-to-day operations and provide cover for the transactional finance function when required.
- 2. Financial Control, Tax & Compliance
- Oversee the General Ledger, including review and Authorisation of journal postings to ensure accuracy and compliance with accounting standards.
- Manage VAT, PAYE, and HMRC reporting processes, ensuring full compliance and timely submissions.
- Support payroll checking to ensure accuracy prior to processing.
- Maintain strong financial controls and ensure compliance with audit and internal control requirements.
- 3. Accounts Payable & Credit Control
- Oversee Accounts Payable, ensuring timely and accurate processing of supplier invoices and payments.
- Oversee Credit Control, ensuring effective debt management and timely collection of outstanding balances.
- Maintain robust controls across both functions.
- 4. Fixed Assets & Process Improvement
- Oversee the fixed asset register, including additions, disposals, depreciation, and reconciliations.
- Drive continuous improvement in processes, systems, and financial controls to improve efficiency and accuracy.
- 5. Financial Reporting & Month-End
- Support month-end and year-end close processes, ensuring deadlines are met accurately and efficiently.
- Prepare statutory accounts in line with relevant accounting standards.
- Produce reconciliations, reports, and supporting documentation as required.
- 6. Stakeholder & Audit Management
- Act as escalation point for internal and external finance queries.
- Liaise with external auditors and support audit processes.
- Work closely with internal stakeholders to resolve financial issues and support business operations.
To perform tasks commensurate with the position, and to have a flexible approach within the department.
Manage, mentor and develop 3 direct reports (management accountant, credit controller and purchase ledger administrator), with overall responsibility for a team of 6.
Qualifications, skills and experience
Essential
- Qualified ACA/ACCA/CIMA with 3+ years experience
- Professional membership with a recognised accountancy body
- Effective communication and interpersonal skills at all levels
- Ability to influence and direct people
- Must be able to work independently for significant periods of time
- Ability to demonstrate effective team working across all disciplines within the company
- Able to prioritise workload effectively
- Ability to work to tight deadlines whilst maintaining quality and attention to detail
- Excellent Excel modelling skills
- Ability to write financial policy and procedure documents
Desirable
- Knowledge of the electrical supply industry
- Education to degree level or equivalent
- Knowledge and use of D365
- Excellent presentation skills
Responsibilities
Key Accountabilities
- Financial Control and Record Keeping
- Responsible for timely month-end closing, preparation of month-end accounts for financial controller's review
- Prepare monthly accruals, prepayments and accounting entries
- Responsibility for maintenance of financial records, including general ledger, accounts receivable, accounts payable, cash books and fixed asset register
- Development of financial control systems and procedures
- Oversee the accounts payable and receivable processes, including credit control
- Cash management
- Support analysis and appraisal of investment and financing decisions
- Compliance
- Responsibility for compliance with the Finance Policy and Procedure Manuals
- Ensure compliance with statutory accounting and tax regulations
- Responsibility for all areas of the year-end audit
- Preparation of statutory accounts
- Review monthly payroll calculations
- Oversee all VAT, PAYE and other HMRC processes
- Financial Reporting
- Preparation and issue of monthly management reports pack
- Analyse financial reports and present findings with department heads
- Development of management reporting
- Fixed asset and headcount reporting
- Other ad hoc reporting as required
- Financial Planning
- Preparation of rolling profit forecast 3 times per year
- Preparation of weekly cash forecasts
- Preparation of annual budget and co-ordination of management plan
- Others
- To perform tasks commensurate with the position, and to have a flexible approach within the department.
- Manage, mentor and develop 3 direct reports (management accountant, credit controller and purchase ledger administrator), with overall responsibility for a team of 6.
- Covering financial controller when on annual leave.
Qualifications
Qualifications, skills and experience
Essential
- Qualified ACA/ACCA/CIMA with 3+ years experience
- Professional membership with a recognised accountancy body
- Effective communication and interpersonal skills at all levels
- Ability to influence and direct people
- Must be able to work independently for significant periods of time
- Ability to demonstrate effective team working across all disciplines within the company
- Able to prioritise workload effectively
- Ability to work to tight deadlines whilst maintaining quality and attention to detail
- Excellent Excel modelling skills
- Ability to write financial policy and procedure documents
Desirable
- Knowledge of the electrical supply industry
- Education to degree level or equivalent
- Knowledge and use of D365
- Excellent presentation skills
- #J-18808-Ljbffr
Finance Manager - Transactional in Thame employer: Lucy Electric
At Lucy Electric, we pride ourselves on being an excellent employer that fosters a collaborative and innovative work culture. Our Health, Safety & Sustainability Internship in Oxford offers not only hands-on experience but also opportunities for personal and professional growth, all while contributing to our commitment to a safe and sustainable workplace. With a focus on employee development and a supportive environment, we ensure that our interns are well-equipped to make a meaningful impact in their careers.
StudySmarter Expert Advice🤫
We think this is how you could land Finance Manager - Transactional in Thame
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Lucy Electric. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Finance Manager - Transactional in Thame
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Lucy Electric.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Lucy Electric's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Lucy Electric
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Lucy Electric.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Lucy Electric will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Lucy Electric employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
