Job Description
My client is a v well-established £25m t/o Precision Engineering manufacturing SME, based at their modern "state of the art" Production facility in Skelmersdale, Lancashire.
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As a key member of the Board, this is an excellent career opportunity for a graduate calibre hands-on Finance Director with strong Manufacturing/Engineering sector experience to join this ambitious SME at this key stage of its development.
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A key short-medium term challenge for this role will focus strongly on Cash Management/Cashflow Control as the company looks to complete its current Bank Re-financing exercise and also to secure new inward Investment in order to place this independent company on a secure and sound footing to manage various current macro-economic pressures and also to provide the required ongoing investment in Plant/equipment to support its sustainable profitable growth journey into the next generation.
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Key responsibilities/challenges will include:
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* Oversee and develop the Finance, IT & HR functions.
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* Provision of robust and timely financial, management and statutory accounts.
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* Develop KPI's to proactively monitor and drive business performance across the Manufacturing supply chain to meet the extremely exacting standards required from their largely Blue Chip client base.
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* Key initial focus on day to day proactive Cash Management and working capital within strict Bank covenants, working in close communication/partnership with a range of key Suppliers..
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* Manage the successful completion of the current significant Bank Re-financing exercise to provide a sound foundation for the business to develop going forward.
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* Proactively explore various optimal lines of additional institutional Investment funding.
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* Budget preparation & regular Re-forecasts.
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* Operate as finance business partner to the CEO in the delivery of capital projects, new product development, new Client tenders and the appraisal of a range of new business opportunities..
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* Main point of regular contact with all professional external stakeholders - Banks, new Investors, Auditors, Tax, Insurance etc.
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* Overall, to act as a key member of the Board to ensure the ongoing profitable and sustainable growth and development of this long-established and v well-respected Precision Engineering business.
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Candidate profile:
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* A bright, high calibre qualified accountant with strong reporting experience and the ability to implement robust financial controls, systems and governance to support this growing and evolving business.
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* Proven significant experience of Cash Management/Cashflow Control in either a Turnaround or highly geared Growth environment - including for example meeting strict Bank covenants, Re-Fi exercises, sourcing external additional Funding, Supplier payment terms negotiations etc.
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* In addition, this "full" FD role as "right hand" to the CEO also requires strong operational/commercial experience, preferably within a similar Manufacturing/Engineering site-based environment.
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* A confident and assured professional with strong leadership and stakeholder management skills.
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In return, my client offers a competitive executive level starting salary up to £110k + F/E Car + good benefits package. My client also offers participation in their Executive Incentive Plan as longer term significant potential personal value.
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Please send your CV in strictest confidence to Martin Morgan, the retained consultant. All strong relevant applicants can expect a direct prompt response.