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Central Finance Manager

Job Title: Central Finance Manager
Contract Type: Permanent
Location: Milton Keynes, Buckinghamshire
Industry:
Salary: £50000 - £55000 per annum
REF: BBBH2473_1553268044
Contact Name: Holly Deadman
Contact Email: holly@consultancygroup.com
Job Published: 7 months ago

Job Description

My client a global retailer and manufacturer with an office in Milton Keynes are looking for a Central Finance Manager to join their growing team.

The role represents a unique opportunity to be part of a team delivering a comprehensive accounting service as part of the Group Finance function.

Group Costs and Processes provides:

  • Record to report activities for the Group Management Services company and PLC entity;
  • Financial control for gross budgeted expenditure of c£60m;
  • Support to other Group functions; and
  • Transaction processing for:
  • Purchase to pay
  • Payroll recording
  • Asset accounting
  • Business unit recharges
  • Employee expenses.

Job role and responsibilities:

Ø Recording and Control

The role has overall responsibility for ensuring that all transactions are recorded accurately and on a timely basis. Responsibilities include:

- Process monthly transactions for inter-company loans and interest, reconcile balances and agree with counterparties;

- Prepare and post the monthly payroll journal, liaising with Payroll Department to follow up on any queries that may arise;

- Prepare monthly journals for prepayments and accruals, liaising with Group Finance Business Partner regarding expenditure that has been incurred but not invoiced;

- Maintain the fixed asset register; and

- Prepare balance sheet reconciliations for Head Office companies, following up on and resolving reconciling items on a timely basis

Ø Systems

- Responsibility for the maintenance and development of Head Office accounting system (SAP) including arranging upgrades, testing

- Driving improvements, post SAP implementation

- Responsibility for the Head Office Purchase Order process.

Ø Tax

- Preparation of quarterly VAT return;

- Preparation of the annual PSA return and

- Responding to ad-hoc queries received from the tax department.

Ø Reporting

- Liaise with Budget Holders to ensure that costs are recorded in the correct period and queries resolved;

- Submit monthly results for relevant entities into Group accounting software, ensuring data submitted reconciles to the underlying ledgers; and

- Work with the Group Finance Business Partner to deliver the monthly management reporting packs for Global functions to help drive oversight of total cost and benchmarking as appropriate.

Ø Financial Forecast

o Lead the Annual Operating Plan and in-year Reforecast exercises for Central Costs;

o Actively engage key budget holders in the forecast process and lead each to budget approval.

Ø Other

- Primary point of contact with auditors for the year-end audit of Head Office entities;

- Own the central transfer pricing process including raising intercompany invoices and ensuring assumptions clearly communicated to markets for the forecast update process.

- Prepare statutory accounts for central legal entities.

Ø Lead, motivate and develop one direct report - Ensure performance expectations are set, have regular meaningful conversations and focus on developmental opportunities.

Ø Performs other duties, as appropriate.

SKILLS AND EXPERIENCE REQUIRED:

o Fully Qualified Accountant

o Knowledge of SAP and Coupa desirable

o Good knowledge of AP process

o Experience of driving process improvements

o Experience of management accounting, and ideally experience of managing their own corporate entity / entities

o Good understanding of financial accounting and businesses processes

o Delivery focused with an ability to work to tight deadlines

o Management Reporting experience

o Business Partnering skills

o Strong MS Excel Skills

o High level of accuracy and attention to detail