Job Description
New Divisional Finance Director opportunity for a leading professional business in South Manchester.
Main Responsibilities:
Working closely alongside the residential Managing Directors:
o Provide independent financial reporting and advice to the Main Board regional Board members in relation to all UK residential operations.
o Monitor the residential division’s commercial departments to ensure the proper control of expenditure and reporting of development performance and KPI.
o Oversee the year-end statutory accounts process for the Residential Division and assist with the group statutory accounts process to ensure the timely production of all accounts and a clean audit sign-off in accordance with agreed timetables.
Duties to include:
* Overall responsibility for the provision of timely and robust management reporting of the Group’s UK residential operations to inform members of the Main Board and the Residential Board on the financial and operational performance of the Division.
* Working closely with key operational management of all three regions to establish and set targeted budgets. Presentation of residential results, budgets and forecasts of performance, cash flow projections, key performance indicators etc. at Executive, Divisional and regional board meetings.
* Critically and subjectively review and assess budgets as part of a rolling forecast throughout the year, reporting and updating the Divisional and Group board on key observations, specifically areas of concern or divergence from budget and forecast.
* Monitoring and reporting on individual development / site performance against original appraisal and budget including the regular look forward & reforecast of anticipated outturn together with a critical look-back of overall return by site to identify areas of margin erosion and recommendations for improvement.
* Overseeing the monthly production of all regional site CRV’s.
* Overseeing and managing a team of 8 direct reports. Working with the residential Regional and Managing Directors to identify opportunities at both site and overhead level to improve overall net returns.
* Review of land appraisals to critically assess their viability and challenge the regional land teams on requirements for each 5-year land bank programme.
* Positively contribute to the sales and marketing initiative and setting of prices plot releases, considering site performance, and market activity.
* Responsibility for managing the ongoing development program for the division’s COINS ERP system, to facilitate improvement in real time reporting of KPI and management reporting generally. Driving the roll-out of COINS across other group companies as appropriate.
* Managing the residential finance team through the year-end audit process to ensure production of robust statutory accounts in a timely manner, a clean external audit sign-off ensuring adherence to Group reporting timetables and prevailing accounting standards.
* Monitor, maintain and enforce strong financial procedures and controls across all UK residential operations to safeguard the assets of the Group and ensure compliance with all legal, statutory and tax obligations.
* Overseeing the monthly reporting of management accountants and the year-end production of statutory accounts for the smaller Residential entities within the division.
* Liaison with the group’s residential funders to assist the Group Finance Director in managing facilities within agreed terms, specifically ensuring compliance with banking covenants and debt service obligations; ensuring the prompt payment of debt service costs and submission of financial covenants and supporting management information within documented timeframes.
* Working with the Group Finance Director to ensure the close monitoring of divisional cashflows, safeguarding of cash and maximisation of returns.
Please submit your CV for immediate consideration.
As a recruitment specialist with over 26 years of local experience, I work closely with each Client and Candidate to understand each of their personal requirements. Should this position not fit your criteria as a Candidate, but you are seeking a new opportunity, please do not hesitate to get in touch for a thorough and confidential discussion on future roles and opportunities your new employer.
Kellan Group (including all of our brands, Berkeley Scott, RK and Quantica) are committed to promoting equal opportunities to people regardless of age, gender, religion, belief, race, sexuality or disability. We operate as an employment agency and employment business. You'll find a wide selection of vacancies on our websites