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For Companies At a Glance
- Tasks: Oversee financial records, prepare accounts, and manage cash flow for strategic growth.
- Company: Join HCI Systems, a leader in high-quality electrical wiring solutions since 2012.
- Benefits: Enjoy a dynamic work environment with opportunities for professional growth and development.
- Why this job: Be part of a world-class team impacting various sectors, from motorsport to defence.
- Qualifications: Degree level education with ACCA or CIMA qualification and strong financial reporting skills required.
- Other info: Work closely with senior leadership and drive best practices in financial management.
The predicted salary is between 36000 - 60000 £ per year.
HCI Systems, established in 2012 and now part of the Prodrive group, is one of the leading providers of high-quality electrical wiring solutions. Supporting customers in various sectors from Marine, Defence, AgriTech to a core business around Motorsport & Automotive, supplying multiple high-level racing series and high specification automotive style projects. Based in Newport, Shropshire, HCI Systems Limited have grown rapidly in recent years to become leaders in vehicle electrical systems and wiring harnesses. The company has an enviable reputation based on high quality wiring harness design and manufacture for low voltage and electric vehicles as well as providing complimentary technologies such as power management systems, switch panels and bespoke electronics systems working to customer specifications.
Our world-class team has over 30 years of experience designing and manufacturing wiring looms.
Background to the Role
We are seeking a finance professional to oversee the company's financial affairs and provide strategic financial guidance to support sustainable growth. Reporting to the Managing Director, the role will work closely with the senior leadership team to ensure financial integrity and align financial strategy with the company's long-term growth objectives.
Main Duties and Responsibilities
- Maintain financial records ensuring the accuracy and reliability of underlying financial information
- Prepare monthly management accounts along with an annual budget and periodic forecasts
- Monitor actual performance vs forecast information to identify variances and provide explanations and actions to key decision makers across the company and group function
- Responsible for the weekly cash flow and managing the company cash position
- Develop and maintain a framework of financial controls including credit control and controls over company assets
- Prepare and file quarterly VAT return to HMRC
- Produce and transact monthly payroll along with P11D reporting to HMRC
- Responsibility of monitoring absence, time keeping and attendance for payroll purposes
- Communicate effectively at all levels and become the go-to person for financial information
- Drive best practice with procedure and process and facilitate continual improvement across the business
- Work with Group Finance to facilitate the annual statutory accounts production
- Work with senior management and support decision making with financial information to aid in short term decisions as well as long term strategic planning
Skills and Qualifications
- Educated to degree level (or equivalent experience) with ACCA or CIMA qualification
- Robust management accounts experience with solid technical exposure
- Have great bookkeeping skills.
- Proficient in financial reporting systems and Excel.
- A can-do approach. Must possess a positive attitude and display the ability to identify alternative solutions to problems.
Finance Manager in Newport employer: Prodrive
Contact Detail:
Prodrive Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Finance Manager in Newport
✨Tip Number 1
Familiarise yourself with HCI Systems and their financial operations. Understanding their specific needs and challenges in the electrical wiring sector will help you tailor your discussions during interviews, showcasing how your skills can directly benefit their growth.
✨Tip Number 2
Network with professionals in the automotive and motorsport industries. Attend relevant events or join online forums to connect with individuals who may have insights into HCI Systems' culture and expectations, giving you an edge in your application.
✨Tip Number 3
Prepare to discuss your experience with financial controls and cash flow management in detail. Be ready to provide examples of how you've successfully implemented best practices in previous roles, as this aligns closely with the responsibilities outlined in the job description.
✨Tip Number 4
Demonstrate your proficiency in financial reporting systems and Excel during the interview. Consider preparing a brief presentation or case study that highlights your analytical skills and ability to drive financial strategy, which will resonate well with the senior leadership team.
We think you need these skills to ace Finance Manager in Newport
Some tips for your application 🫡
Understand the Company: Before applying, take some time to understand HCI Systems and their role in the electrical wiring solutions industry. Familiarise yourself with their products, services, and values by visiting their website.
Tailor Your CV: Make sure your CV highlights relevant experience in finance management, particularly in areas like financial reporting, budgeting, and cash flow management. Use specific examples that demonstrate your skills and achievements in these areas.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also explains why you are interested in working for HCI Systems. Mention how your background aligns with their mission and how you can contribute to their growth.
Highlight Relevant Skills: In your application, emphasise your ACCA or CIMA qualification, along with your experience in management accounts and financial controls. Be sure to mention your proficiency in Excel and any other financial reporting systems you have used.
How to prepare for a job interview at Prodrive
✨Know Your Numbers
As a Finance Manager, you'll need to demonstrate your proficiency in financial reporting and management accounts. Brush up on key financial metrics and be prepared to discuss how you've used them to drive business decisions in the past.
✨Showcase Your Strategic Thinking
This role requires aligning financial strategy with long-term growth objectives. Be ready to share examples of how you've contributed to strategic planning in previous roles, particularly in relation to budgeting and forecasting.
✨Demonstrate Your Communication Skills
Effective communication is crucial for this position. Prepare to discuss how you've communicated complex financial information to non-financial stakeholders and how you can be the 'go-to' person for financial queries within the company.
✨Highlight Your Problem-Solving Abilities
With a focus on continual improvement, be prepared to talk about specific challenges you've faced in financial management and how you've identified alternative solutions. This will showcase your proactive approach and positive attitude.
