Financial Director

Financial Director

Leicester, Leicestershire

Exciting opportunity to be the Financial Director of a successful and growing project-based design, supply and install business.

About the role:

We are recruiting for an individual to lead the accounts teams as Financial Director as part of an acquisition by a Private Equity firm. The business generates c.£15m of t/o per annum and is highly profitable. More detail on the business will be provided as part of the process.

As the FD, you will be a Board member and reporting directly to the Board and Investor. The finance team will be exiting the business at completion and you will be the first hire by the new investor. You will therefore be leading all activities as well as interacting with the operations of the business, including being heavily involved in project management alongside the MD. Currently, there are few processes in place in the business, so you will need to be comfortable building out the finance function processes and operating model. This is the investor's primary focus, so a candidate must be willing to do more than just the management accounts etc.

Job role:

• Delivery of accurate, timely and comprehensive reporting of financial information including monthly financial accounts and associated analysis, year-end accounts and consolidation.
• Produce and present forecasts and budgets to the Board.
• Manage a weekly cashflow forecast with the MD.
• All accounting functions in the business including invoicing entries, bank reconciliations, accruals, prepayments, journals and bank payments (the business generates fewer than 3 invoices a week, on average, and 10 purchase invoices a week, on average).
• Effectively manage and control all aspects of working capital including leading monthly debtor and creditor meetings, and project management meetings with the team and MD.
• Work with project and sales ordering team to refine and improve processes that impact finance function.
• Liaise and prepare year end information for external auditors.
• Work with the management of each business to improve KPI reporting and assist management in making better decisions.
• Day to day operational management of funding relationship.

Experience

• Qualified (ACA, ACCA or CIMA)
• Have the energy and enthusiasm to take the business to the next level
• Displaying the strength of a senior manager, someone who understands how to grow and improve an SME and work with private equity owners.
• Good knowledge of statutory obligations, tax, VAT and statutory accounts.
• Understanding of project management and accounting.
• The commercial aptitude to evaluate and problem solve effectively.

Person spec:

• Ability to work on own initiative as well as part of a team.
• Close attention to detail.
• Entrepreneurial and able to take ownership.
• Able to manage responsibility from day 1.

Timing and package:

Shorter notice periods preferred. Salary negotiable, significant bonus opportunity available for performance. Health insurance provided.