Transactional Finance Manager
Transactional Finance Manager

Transactional Finance Manager

Milton Keynes Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead the Accounts Payable and Receivable functions, ensuring efficient transactional processes.
  • Company: Mint Velvet creates chic, quality fashion with a focus on comfort and responsible practices.
  • Benefits: Enjoy 25 days holiday, private health insurance, a bonus scheme, and a generous staff discount.
  • Why this job: Join a vibrant team committed to growth, collaboration, and making a positive impact.
  • Qualifications: 5 years' experience in finance, strong communication skills, and a growth mindset are essential.
  • Other info: Experience a supportive culture with perks like summer hours and wellness activities.

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

Mint Velvet began when founders Liz Houghton and Lisa Agar-Rea set out to create an unfailingly chic collection of contemporary, great quality staples and elevated fits that they felt were missing from their wardrobes. Feeling frustrated that they couldn’t find anything they wanted to wear, or the great customer service they craved, they started fusing relaxed comfort with glamorous yet wearable fashion trends. Relaxed Glamour was born.

As collaborative creatives, we take untold pride in our work, designing with heart and soul. We want to be a force for good and are committed to becoming a more circular and responsible business, from the fabrics we choose to our considered processes. We are an agile and growing business, and we work hard to create an environment which allows for growth and progression, balanced with the support and flexibility needed to meet the challenge of a high-performance culture. Our leadership teams and founders sit amongst the teams and encourage a culture of balance and passion. MV is a very special place, and our values are anchored by three main pillars: people, planet, and community.

As Transactional Finance Manager, you will oversee the Accounts Payable and Receivable functions within our wider Finance team of 12. The purpose of this role is to define and manage all transactional processes across the brand and to lead and develop a high performing team to support a rapidly evolving business.

Our Values:

  • With Soul
  • Courage & Resilience
  • Passion & Drive
  • Entrepreneurial Spirit
  • Collaborative

The Role:

  • Total management of cash flow
  • Preparation of GRNI reconciliation
  • Working closely with the management accounts team on GL close
  • Accurately reviewing balance sheet reconciliations
  • Preparing and submitting the HMRC Creditors report in a timely manner
  • Liaising with parent company (BCC) on supplier credit checks
  • Supporting with internal and external audit queries
  • Continuously review, design and develop ways of working to drive efficiencies within the team
  • Implementing innovations and improvements to existing processes
  • Demonstrating strong people management skills - leading your team with the right balance of support and challenge to ensure your team delivers great results
  • Operating as the transactional Finance lead on business wide projects, partnering with internal and external stakeholders
  • Supporting the team with ‘business as usual’ activity, covering holidays and absences when needed

To join our vibrant and fast-growing business:

  • You have a minimum of 5 years’ experience in a similar role, preferably in the retail industry
  • You are resilient, a confident decision-maker who is adaptable and can effectively navigate through both anticipated and unexpected changes
  • You are great at communicating, relationship-building and managing expectations with internal and external stakeholders
  • You have exceptional attention to detail
  • You can manage multiple tasks at once in fast-paced environment, supporting your team to do the same
  • You have a growth mindset; always looking to improve ways of working, learn from challenges and implement solutions
  • You create an inspiring, effective and collaborative culture within your team and beyond
  • You are keen to gain a broader understanding of a retail Finance department outside of your function

You’ll be rewarded with:

  • Competitive starting salary and great career prospects in a fast paced and growing business
  • 25 days holiday, plus bank holidays and a day off on your birthday
  • Company-funded private health insurance and access to Smart Health
  • Life assurance
  • Discretionary bonus scheme
  • 50% staff discount
  • Interest-free Season ticket loan
  • Summer hours - 3pm finishes every Friday throughout June, July & August
  • Bespoke induction support and ongoing development to help you thrive in your new role
  • A welcoming and inspiring work-environment - take advantage of Yoga classes, social activities, an early finish on pay day and more

Transactional Finance Manager employer: Mint Velvet

Mint Velvet is an exceptional employer that fosters a vibrant and collaborative work culture, where creativity and passion are at the forefront. As a Transactional Finance Manager, you will benefit from competitive salaries, generous holiday allowances, and a strong focus on employee development within a fast-growing retail environment. With unique perks like summer hours and a supportive team atmosphere, Mint Velvet is dedicated to nurturing talent while promoting a responsible and community-driven business ethos.
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Contact Detail:

Mint Velvet Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Transactional Finance Manager

✨Tip Number 1

Familiarise yourself with Mint Velvet's brand values and culture. Understanding their commitment to people, planet, and community will help you align your approach during interviews and discussions, showcasing how you can contribute to their mission.

✨Tip Number 2

Highlight your experience in managing cash flow and transactional processes, especially within the retail sector. Be prepared to discuss specific examples of how you've driven efficiencies and improvements in previous roles, as this aligns closely with the responsibilities of the position.

✨Tip Number 3

Demonstrate your people management skills by sharing stories of how you've led teams through challenges. Emphasise your ability to balance support and challenge, which is crucial for fostering a high-performing team environment at Mint Velvet.

✨Tip Number 4

Prepare to discuss your adaptability and decision-making skills. Given the fast-paced nature of the role, be ready to provide examples of how you've successfully navigated unexpected changes and maintained strong relationships with stakeholders.

We think you need these skills to ace Transactional Finance Manager

Cash Flow Management
Accounts Payable and Receivable Expertise
Financial Reconciliation
Balance Sheet Review
HMRC Reporting
Supplier Credit Checks
Audit Support
Process Improvement
People Management
Stakeholder Engagement
Attention to Detail
Adaptability
Communication Skills
Time Management
Team Leadership

Some tips for your application 🫡

Understand the Company Culture: Familiarise yourself with Mint Velvet's values and mission. Highlight how your personal values align with their focus on people, planet, and community in your application.

Tailor Your CV: Ensure your CV reflects your experience in transactional finance, particularly in retail. Emphasise your achievements in cash flow management, team leadership, and process improvements relevant to the role.

Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the fashion industry and your understanding of Mint Velvet's ethos. Use specific examples from your past roles to demonstrate your skills in managing accounts payable and receivable functions.

Highlight Relevant Experience: In your application, clearly outline your 5+ years of experience in similar roles. Discuss your ability to manage multiple tasks in a fast-paced environment and your approach to fostering a collaborative team culture.

How to prepare for a job interview at Mint Velvet

✨Showcase Your Experience

Make sure to highlight your relevant experience in transactional finance, especially within the retail sector. Prepare specific examples of how you've managed cash flow, reconciled accounts, and led teams to success.

✨Demonstrate Your People Skills

As a Transactional Finance Manager, you'll need to lead a team effectively. Be ready to discuss your approach to people management, including how you balance support and challenge to drive performance.

✨Emphasise Your Adaptability

The role requires navigating both anticipated and unexpected changes. Share examples of how you've successfully adapted to changes in previous roles and how you maintain a positive attitude during transitions.

✨Align with Company Values

Mint Velvet values people, planet, and community. Research these pillars and think about how your personal values align with theirs. Be prepared to discuss how you can contribute to their mission of being a responsible business.

Transactional Finance Manager
Mint Velvet
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