At a Glance
- Tasks: Lead a small finance team, ensuring compliance and accuracy in financial reporting.
- Company: Join a dynamic travel company in London focused on enhancing performance and team success.
- Benefits: Enjoy a competitive salary of £60,000 - £65,000 and hybrid working options.
- Why this job: Make a real impact in the travel sector while developing your leadership skills.
- Qualifications: 5+ years in senior finance roles; part-qualified in a recognised accountancy body.
- Other info: Experience in travel or hospitality is a plus; proficiency in Xero and Microsoft Office required.
The predicted salary is between 48000 - 52000 £ per year.
We are currently seeking a Head of Finance to join a travel company in London you will be working within a small team. This is a senior role within the business, responsible for the accurate financial reporting of data, implementation, and maintaining processes that are both compliant and enhance performance. It is providing and analysing reports with recommendations where appropriate. Proactively contributing to the overall success of the business and team performance by implementing and improving systems.
If you have experience in the travel or hospitality sector we would love to hear from you.
The Job:
- Contribute to the overall goals and performance of the company. Ensuring that teams are cohesive, and finance elements are shared with the team.
- Responsible for the leading and management of a small finance team, ensuring high standards, compliance, and accuracy, promoting a culture of financial discipline and accountability across the department and company.
- Carrying out performance reviews, training, and development of a team in line with company processes.
- Develop and execute financial strategies that align with the company\’s short-term and long-term goals.
- Provide strategic financial guidance to the owner and leadership team.
- Lead the budgeting, forecasting, and financial planning process working with the senior leadership team to define financial goals, priorities, and resource allocations for upcoming year.
- Lead the annual budgeting process by working with HR consultant and senior
- Interpret and communicate financial data, cash flow, and statistical information to the management team.
- Prepare and maintain the annual budget, reporting any significant issues or opportunities to the Owner.
- Produce quarterly financial commission reports to affiliate associations.
- Oversee consolidation of all finance information and ensure compliance with statutory requirements and the highest standards of corporate governance.
- Ensure all company documents (internal and external) are compliant, kept up to date, signed, and filed securely.
- Responsible for all legal documents, contracts, and agreements. Ensure it is legally sound, and compliant. Make recommendations, and have approvals in place alongside ongoing recording, filing, and adherence.
- Take prime responsibility for the management of cash and all banking relationships.
- Identify and resolve any accounting and control issues related to the business, general ledger, and/or balance sheet.
- Work closely with all areas within the business to analyse expenditure and improve where possible and apply a hands-on approach where necessary or required.
- Processing payroll journals and reconciling net wages and PAYE/NI control accounts.
- Responding to queries from customers and suppliers promptly.
Skills Required:
- At least 5 years\’ experience in a senior finance/accounting role as an assistant financial controller or finance manager (or similar JD).
- Part qualified with one of the following chartered professional accountancy bodies (ACCA, ACAS, ICAEW, CIMA).
- Experience at senior level within finance in the Travel or Hospitality Sector.
- Understanding and able to be effective with a small team.
- Proven track record of managing and preparing accounts.
- Proven track record of understanding profit margins, VAT, Tax, and other company accounts\’ statistics.
- Ability to recognise cost-saving measures and implement them as required.
- Proven track record of writing professional documents.
- Proven track record of managing and organising a small office and its policies.
- Proficient in the Xero accounting system.
- Proficient in Microsoft Office programmes and particularly Word and Excel.
- Ability to forecast sales turnover and profit accurately.
- Ability to communicate accurately, and effectively in verbal and written English.
- Proven track record of collaborative working style.
- Honesty and discretion when handling confidential
Preferred but not essential:
- Fully qualified with one of the following chartered professional accountancy bodies (ACCA, ACAS, ICAEW, CIMA).
- Hold an associate degree in accounting or business administration, or equivalent business experience, as well as a knowledge of bookkeeping and generally accepted accounting principles.
- Proven track record of working with TOMS, the Tour Operators Margin Scheme.
- Experience with Salesforce preferred but not essential.
The Package:
- Salary 60,000 – 65,000
- London based (Hybrid)
Interested:
- If you would like to apply for the above vacancy, please click \’APPLY\’ or email your cv to (url removed)
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Head Of Finance employer: Travel Trade Recruitment Limited
Contact Detail:
Travel Trade Recruitment Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head Of Finance
✨Tip Number 1
Familiarise yourself with the travel and hospitality sector, especially financial practices specific to these industries. Understanding the nuances of financial reporting and compliance in this field will give you an edge during interviews.
✨Tip Number 2
Network with professionals in the finance sector, particularly those who have experience in travel or hospitality. Attend industry events or join relevant online forums to connect with potential colleagues and gain insights into the role.
✨Tip Number 3
Brush up on your knowledge of financial software, especially Xero, as well as Microsoft Excel. Being proficient in these tools will not only help you in the role but also demonstrate your readiness to hit the ground running.
✨Tip Number 4
Prepare to discuss your leadership style and how you've successfully managed small teams in the past. Highlight specific examples where you've improved processes or contributed to team performance, as this is crucial for the Head of Finance position.
We think you need these skills to ace Head Of Finance
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in finance, particularly within the travel or hospitality sector. Emphasise your leadership skills and any specific achievements that demonstrate your ability to manage a finance team effectively.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also showcases your passion for the travel industry. Mention how your financial strategies have contributed to previous employers' success and how you can bring that expertise to this role.
Highlight Relevant Skills: In your application, clearly list your proficiency with accounting systems like Xero and your expertise in Microsoft Office, especially Excel. Also, mention your understanding of VAT, tax, and profit margins, as these are crucial for the role.
Showcase Your Leadership Experience: Detail your experience in managing teams and conducting performance reviews. Provide examples of how you've developed team members and fostered a culture of financial discipline and accountability in previous roles.
How to prepare for a job interview at Travel Trade Recruitment Limited
✨Showcase Your Financial Acumen
As a Head of Finance, it's crucial to demonstrate your deep understanding of financial principles. Be prepared to discuss your experience with budgeting, forecasting, and financial reporting, especially in the travel or hospitality sector.
✨Highlight Leadership Experience
This role involves managing a small finance team, so share specific examples of how you've led teams in the past. Discuss your approach to performance reviews, training, and fostering a culture of accountability within your team.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills. Prepare to discuss how you would handle specific financial challenges or improve processes within the company. Use real-life examples to illustrate your thought process.
✨Demonstrate Collaborative Skills
The job requires working closely with various departments. Be ready to explain how you've successfully collaborated with other teams in previous roles, particularly in analysing expenditure and implementing cost-saving measures.