Head of Transactional Finance

Job Title: Head of Transactional Finance
Contract Type: Temporary
Location: City of London, London
Salary: £10000 - £90000 per annum
Start Date: ASAP
Duration: 9 months
REF: RB033_1581331413
Contact Name: Rahela Begum
Contact Email:
Job Published: about 1 year ago

Job Description

The Consultancy Group are currently recruiting for a fantastic opportunity for a leading publishing business based in Central London

Reporting to the Finance Director the role of Head of Transactional Finance oversees all operational aspects of accounts payable, accounts receivable, and cash management.

Direct reports 2-3, overall team size approx 14.

Key Responsibilities

  • Manage and develop AR and AP team members to include objective setting, appraisals, training and performance management
  • Support any required preparation of information for external reporting such as audit processes, payment practices reports
  • Ensure all bank AP, and AR related accounts are fully reconciled and reviewed in accordance with the finance calendar. Ensure any remedial actions or investigations occur in a timely fashion to resolution
  • Ensure a robust internal controls process is in operation across systems, processes and team practices
  • Identify and communicate risks and opportunities in a timely fashion
  • Work to support the implementation of purchase orders across the organisation in 2020. This will include reviewing current system capabilities, internal training requirements and a focussed review process for accuracy as this is embedded
  • Recommend/develop relevant set of KPI's to benchmark team performance against (AP, AR, cash management), and manage/report against these once agreed
  • Ensure strong cash management processes are in place across the teams
    • Cash collections processes are robust and actively managed
    • Timely cash allocation
    • Review of supplier terms to ensure solid working capital practices are in place
    • Active management of aged debt, escalating to business as necessary with a view to resolving and reducing overdue balances
    • Ensure timely and accurate invoicing processes are in place
  • Management and resolution of all aged AR and AP
  • Ensure all payments to suppliers, including cheques, BACs, manual cheques, standing orders , direct debits are managed according to terms
  • Ensure accuracy of supplier data in the system
  • Ensure ledgers are up to date and accurate
  • Provide clear and accurate reports each month on aging, issues and results against KPI's
  • Ensure team manage company expenses in accordance with stated policy
  • Review payment run proposals pre sign-off by FD
  • Liaise with the Head of Financial Control to ensure weekly cashflow updates are accurate and understood, and to understand the cashflow position, both short and long term to ensure working capital is managed in an efficient manner
  • Review usage of systems to ensure they are being used in a standardised, effective manner.

Who are we looking for

  • Experienced Head of Transactional Finance with demonstrable track record of delivering to tight deadlines with a high degree of accuracy and transparency
  • Experience of process improvement and simplification
  • Team management experience
  • Ability to manage multiple priorities and delegate effectively to team
  • Proactive approach to work, can do attitude, willingness to get into the detail to get the job done