Head of Finance at G&H Group

Ilminster, England, United Kingdom -

Full Time

Start Date

Immediate

Expiry Date

19 Jan, 26

Salary

0.0

Posted On

21 Oct, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Financial Reporting, Budgeting, Forecasting, Financial Analysis, IFRS, Tax Compliance, ERP Systems, Leadership, Communication, Cost Management, Contract Accounting, Project Management, Variance Analysis, Business Partnering, Manufacturing Finance, Strategic Planning

Industry

Industrial Machinery Manufacturing

Description

Description Head of Finance Location: Ilminster Reporting to: Acting Finance Director JOB PURPOSE The role holder works with the Ilminster site management team to ensure the site achieves its financial budgets, forecast and strategic plan growth targets. RESPONSIBILITIES – Ilminster Site o Provide timely, accurate and insightful aggregated financial reporting to the ILM site management team to ensure financial budgets, forecasts are achieved or exceeded. o Oversee the development of the site’s budget, forecasts and financial strategic plans. o Ensure G&H finance policies and controls are fully implemented in the Ilminster site. o Act as a finance business partner to the ILM site leadership team ensuring that the financial consequences of alternative decisions are accurately assessed and presented. o Ensure supporting business cases are properly prepared to support business decision making e.g. investment decisions, alternative supplier sourcing etc. o Provide financial input and approval for quotes and proposals submitted to customers, through the Gate Review process. o Ensure the complete and accurate financial accounting and reporting of the ILM site. o Responsible for the long-term contract accounting in compliance with IFRS 15, including revenue recognition and cost allocation: o Work closely with engineers and project managers in the St Asaph Innovation Hub, as well as purchasing and operations teams in Ilminster, to compile accurate Estimates at Completion (EAC) for ongoing contracts. o Review overall contract margins and assess the financial performance of long-term projects. o Prepare and maintain accurate forecast revenue recognition figures for each project. o Assess research and development activities undertaken to determine which costs meet the criteria for capitalisation under IAS38. o Ensure standard costs are properly maintained and analysed, and corrective actions are proposed for variances identified. o Ensure financial systems are in place to allow the Ilminster site to comply with customer mandated financial reporting (e.g. UK Govt, ESA). o Liaise with the Group’s external auditors to provide requested information and explanations to support a smooth and efficient audit of the site. o Ensure foreign currency exposures are identified and mitigated. o Submit tax packs for the site to allow the calculation of the Group’s UK tax liabilities. o Together with Ilminster Site management develop and implement processes and procedures to ensure the efficient, profitable operation of the site’s manufacturing activities. o Provide leadership and management for the Ilminster Site Financial Controller. RESPONSIBILITIES – G&H Finance Team member Group Finance provide ad hoc support and share expertise as part of Group Finance projects. This will include · Supporting the annual reviews of other sites adherence to the G&H financial controls framework. · Supporting projects to improve the efficient operation of Finance function activities. SPECIALIST FUNCTIONAL KNOWLEDGE A. Strong understanding of International Financial Reporting Standards B. Knowledge of UK direct and indirect tax. C. Good understanding of the Syspro ERP system and associated reporting suites. COMPETENCIES QUALIFICATIONS Communication skills Qualified Accountant (UK CIMA, ACA or equivalent) Leadership Delivering Results Quality and Accuracy Accountability EXPERIENCE Extensive experience in a finance role with leadership responsibility and acting as a finance business partner to non-finance colleagues. Experience in a manufacturing environment. In depth knowledge and experience of operating ERP systems and standard costing systems.

Responsibilities

The Head of Finance will work with the Ilminster site management team to ensure financial budgets and forecasts are achieved. They will also oversee the development of the site’s budget and strategic financial plans while acting as a finance business partner to the leadership team.