Finance Manager

Recruiter
Michael Page
Location
England, North West London, London
Salary
GBP65000 - GBP70000 per annum
Posted
16 May 2022
Closes
13 Jun 2022
Ref
JN -052022-5611579
Contact
Jonny Darkes
Where will they be working?
Hybrid - mostly office
Hours
Full Time

The Finance Manager for my retail client is responsible for managing the day to day activities of the finance function to ensure all financial data for my clients companies is accurately processed into the accounting systems on a timely basis, and that all stakeholders can fully rely upon the financial information provided.

Client Details

My client are in the Retail sector and have produced luxury eye wear for over 30 years. They are an SME business that continue to grow year on year. This brand is highly influential in its sector and produce high quality and hand finished frames.

Their attention to detail and exceptional level of quality has ensured repeat business, loyal customers and a growing company.

Description

The responsibilities of the Finance Manager for this Retail brand include:

  • Management of the day to day activities of the finance function and oversee the finance team
  • To work with the finance teams in the UK and Italy and act as a mentor to provide assistance and advice where required
  • Preparation of the monthly consolidated management accounts, including Profit & Loss, Balance Sheet and Cashflow reports adhering to set deadlines
  • Oversee the preparation of weekly and monthly sales and orders reports
  • To ensure all relevant journal entries, accruals, prepayments, fixed assets, and all other balance reconciliations are processed
  • Oversee the preparation of monthly inventory reports, and oversee all stocktaking activities to ensure the valuations are a true reflection of the inventory in hand
  • Analysis of inventory margins to maximise profitability
  • Work with the manufacturing team to analyse all production costs, agree standard costs and update periodically to ensure that gross profit is maintained
  • Liaise with the product development and design team to prepare indicative costs of new product designs to ensure that they are within the agreed pricing structure to ensure adequate profitability
    • Preparation of year-end Financial Accounts and liaison with Auditors
    • General ad hoc reporting for the CFO and Board of Directors
    • Assist the CFO in financial modelling and analysis, including budgets, forecasts and cash flow
    • Preparation of monthly and quarterly statutory returns, including VAT returns, Intrastat and EC Sales Lists, where applicable
    • Implementation of and maintenance of robust internal control systems across the organisation by identifying problems, improving practices and writing new procedures
    • Lead the implementation of new systems to provide enhanced reporting and analysis for the business
    • Liaise with 3rd parties where required, including accountants, auditors and banks

Profile

The successful Finance Manager will:

  • Demonstrate commitment to development and raising personal and professional standards
  • Motivate the finance team by leading by example and set a positive and professional atmosphere in the business
    • Fully qualified ACCA/CIMA/ACA or equivalent with previous financial control and management reporting experience
    • Demonstrable experience of managing a small accounting team
    • A confident self-starter with the ability to operate within a growing business
    • Ability to act as an agent for change through the implementation of new processes and procedures
    • Experience in implementation of reporting systems
    • Working knowledge of Health & Safety

Job Offer

  • Seasonal frame allowance
  • Generous friends and family discount
  • Annual eye test
  • Access to sample sales
  • Seasonal socials
  • Hybrid work environment - 1 day work from home

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