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 in finance. Attend events, join online forums, and don’t be shy about asking for informational interviews. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Show off your skills! Prepare a portfolio or a presentation that highlights your financial achievements and how they’ve positively impacted previous companies. This is your chance to shine and demonstrate your analytical prowess and strategic thinking.
✨Tip Number 3
Be proactive! Don’t just wait for job postings to appear. Reach out directly to companies you admire, like Mira Mikati, and express your interest in potential finance roles. A well-timed email can make all the difference!
✨Tip Number 4
Apply through our website! We love seeing applications come directly from candidates who are genuinely interested in joining our team. Make sure to tailor your application to reflect your passion for finance in the fashion industry.
We think you need these skills to ace Finance Manager
Some tips for your application 🫡
Show Your Passion for Fashion: When 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 style, as we’re all about celebrating vibrant designs.
Be Clear and Concise: We appreciate straightforward communication. Make sure your application is easy to read and gets straight to the point. Highlight your key achievements and skills that align with the Finance Manager role without fluffing it up!
Tailor Your Application: Don’t just send a generic application! Take the time to tailor your CV and cover letter to reflect the specific requirements of the Finance Manager position. Show us how your experience in financial management fits perfectly with our brand’s needs.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates. Plus, it shows you’re keen to join 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 Analytical Skills
Prepare examples of how you've analysed financial data to support strategic decision-making. Think about specific instances where your insights led to cost reductions or improved efficiencies. This will show that you can provide clear financial insights to support the brand's growth.
✨Familiarise Yourself with Compliance
Understanding financial regulations and compliance is crucial for this role. Make sure you're up to date with UK legislation and HMRC policies. Being able to discuss how you've ensured compliance in previous positions will set you apart from other candidates.
✨Collaborate and Communicate
This role requires working closely with various departments. Prepare to discuss how you've successfully collaborated with teams in the past. Highlight your communication skills and how you've built relationships with external stakeholders like auditors and tax advisors.