At a Glance
- Tasks: Manage financial operations and provide insights for a vibrant fashion brand.
- Company: Join a dynamic team at Mira Mikati, known for colourful and creative designs.
- Benefits: Enjoy a flexible 4-day work week and a creative work environment.
- Other info: Collaborative culture with opportunities for professional growth.
- Why this job: Make a real impact on financial strategy in a growing fashion brand.
- Qualifications: 4+ years in finance, preferably in fashion or retail, with strong analytical skills.
The predicted salary is between 50000 - 60000 £ per year.
We are seeking an experienced Finance Manager to join our London team and oversee the financial operations of our growing fashion brand. This role will be responsible for day-to-day financial operations, payroll processing, bank reconciliations, budget management, tracking expenses, preparing financial statements, and ensuring compliance with regulatory requirements. Other responsibilities include financial forecasting, analysing financial data for strategic decision-making, and liaising with external stakeholders such as auditors and tax advisors. The role would suit someone who can take full ownership of financial processes, implement best practices, and provide clear financial insights to support business decisions. The ideal candidate will have experience in the fashion or retail sector, strong analytical skills, and the ability to work collaboratively across departments.
Key Responsibilities
- Oversee and manage financial reporting, including profit & loss, balance sheets, cash flow statements, and regular management information.
- Support the external Financial Accountants with the monthly close process, including expenses, petty cash journals, and preparation for year-end.
- Ensure that appropriate journals are posted to capture all relevant costs in the financial statements and perform monthly reconciliations across all balance sheet accounts.
- Prepare and maintain weekly cash flow forecasts and projections, ensuring clear visibility of current position, upcoming priorities, and funding requirements.
- Lead decision-making and implement changes related to cash flow and VAT.
- Keep the monthly budget updated, track performance against budget, and carry out analytical reviews of operating results, liaising with budget holders to understand variances.
- Manage and report on capital expenditure across all business units.
- Raise proformas and invoices for wholesale clients accurately and in a timely manner.
- Monitor and manage accounts payable and accounts receivable, including tracking incoming payments, following up on deposits, chasing overdue accounts, and maintaining the debt ledger.
- Process supplier invoices accurately, maintain payment schedules, and negotiate payment terms or supplier contracts where opportunities arise to secure improved commercial terms.
- Meet with internal teams on a weekly basis to agree payment priorities based on business needs and cash flow requirements.
- Reconcile revenue across both UK and EU warehouses to ensure completeness and accuracy of reporting.
- Work closely with the Production and Logistics teams to ensure the best financial plan is in place for each season, including the timing of payments, management of deposits, and early identification of financial risks.
- Liaise with external accountants to support the preparation, review, and completion of financial accounts and all year-end requirements.
- Run monthly payroll accurately and on time.
- Manage relationships with external funding providers, including drawdowns, repayments, and ongoing account administration.
- Handle annual insurance renewals and ensure appropriate cover is maintained across the business.
- Lead all necessary preparations for the End of Year close and organise and support quarterly and annual stock counts across warehouses and store locations.
- Establish and implement Finance KPIs to measure and drive key business performance, as needed.
- Collaborate with other financial consultants and department heads during periods of growth.
- Actively participate in cost reduction initiatives and improve efficiencies.
- Provide day-to-day operational and finance support to the store team and oversee office ordering and general supplies to support the smooth running of the business.
- Ensure compliance with data protection legislation, handling and storing financial data securely.
Qualifications & Experience
- Minimum 4+ years of experience in financial management, preferably in the fashion, retail, creative or manufacturing sectors.
- Professional certifications (e.g., CPA, ACA, ACCA, CIMA) are preferred.
- Strong understanding of financial regulations, compliance, UK legislation, HMRC policies, and relevant financial procedures.
- Proficiency in accounting software (Xero or similar) and Microsoft Excel.
- Experience with Zedonk software is a strong plus.
- Strong analytical skills with the ability to interpret complex financial data.
- Excellent communication skills and ability to work collaboratively across departments.
- Experience working with external accountants and financial auditors.
- Strong organisational, problem-solving and time management skills.
- Applicants must have the right to work in the UK. Please note that visa sponsorship is not available for this role.
If you’re ready to be part of a dynamic and growing fashion brand, where you have direct impact on financial strategy and business success, we’d love to hear from you.
Finance Manager employer: Mira Mikati
Contact Detail:
Mira Mikati Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Finance Manager
✨Tip Number 1
Network like a pro! Reach out to people in the fashion industry, especially those who work at companies you're interested in. A friendly chat can open doors and give you insider info that could help you stand out.
✨Tip Number 2
Prepare for interviews by researching the company culture and values. Since this role is all about creativity and collaboration, think of examples from your past experiences that showcase your ability to work well with others and adapt to a vibrant environment.
✨Tip Number 3
Showcase your financial savvy! Be ready to discuss how you've managed budgets or improved financial processes in previous roles. Use specific numbers and outcomes to demonstrate your impact—this will resonate well with hiring managers.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in being part of our colourful team at Mira Mikati.
We think you need these skills to ace Finance Manager
Some tips for your application 🫡
Show Your Passion for Fashion: When you're writing your application, let your love for the fashion industry shine through! Mention any relevant experience or projects that highlight your enthusiasm for creativity and how it connects to finance.
Tailor Your CV and Cover Letter: Make sure to customise your CV and cover letter for this role. Highlight your financial management experience, especially in the fashion or retail sectors, and showcase how your skills align with our vibrant brand.
Be Clear and Concise: Keep your application straightforward and to the point. Use bullet points where possible to make it easy for us to see your key achievements and skills. We love a well-organised application!
Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for this exciting opportunity with our team.
How to prepare for a job interview at Mira Mikati
✨Know Your Numbers
As a Finance Manager, you'll need to demonstrate your financial acumen. Brush up on key financial metrics relevant to the fashion industry, like profit margins and cash flow management. Be ready to discuss how you've used these metrics in past roles to drive business decisions.
✨Showcase Your Collaborative Spirit
This role requires working closely with various departments. Prepare examples of how you've successfully collaborated with teams in the past, especially in a retail or creative environment. Highlight your communication skills and how they helped bridge gaps between finance and other areas.
✨Be Ready for Scenario Questions
Expect questions that assess your problem-solving abilities. Think about potential financial challenges a fashion brand might face, such as managing cash flow during seasonal fluctuations. Prepare to discuss how you would approach these scenarios and what strategies you would implement.
✨Understand the Brand's Vision
Familiarise yourself with Mira Mikati's collections and brand ethos. Being able to articulate how your financial strategies can support the brand's creative vision will set you apart. Show enthusiasm for the brand and how you can contribute to its growth and success.