Department: FinanceLocation: Hammersmith, LondonWorking Hours: 8:00 am – 5:00 pmSalary: Competitive
About Our Client:As the Finance Manager for our client, you will be integral in overseeing financial operations, ensuring the fiscal health of the organization, and contributing to the strategic direction, particularly in super-prime residential projects.
Key Responsibilities:
1. Financial Operations Management:
o Lead and manage financial operations, overseeing payroll processing, expense management, accounts receivable, and financial reporting.
o Ensure accuracy, compliance, and efficiency across financial functions to support organizational objectives.
2. Payroll Processing and Compliance:
o Ensure accurate and timely payroll processing for employees and subcontractors, including tax calculations, pension contributions, and compliance with regulatory standards.
o Collaborate with HR to maintain payroll records and address employee inquiries related to payroll matters.
3. Expense Control and Approval:
o Oversee the review and approval of expense claims, reconciliations, and allocations, maintaining accuracy and compliance with company policies.
o Implement controls to monitor and mitigate risks associated with expense management processes.
4. Accounts Management and Reconciliation:
o Manage journal allocations, subcontractor invoices, and payments, conducting bank reconciliations and issuing accounts receivable as needed.
o Reconcile accounts, including the cashbook, to ensure accuracy and integrity of financial data.
5. Financial Reporting and Analysis:
o Prepare comprehensive financial reports and summaries, including monthly management accounts and annual statutory accounts, to provide insights for decision-making processes.
o Analyze financial data to identify trends, variances, and opportunities for improvement, supporting strategic planning initiatives.
6. Regulatory Compliance and External Communication:
o Ensure compliance with financial regulations and standards, including liaising with external agencies such as HMRC and regulatory bodies.
o Communicate effectively with external stakeholders, including the external Accountancy Firm, to address financial matters and regulatory requirements.
7. Project Finance Oversight:
o Manage project finance, including monitoring progress and cash flows, and ensuring alignment with project budgets and financial goals.
o Provide regular updates to the leadership team on project financial performance and contribute to strategic decision-making.
8. Process Improvement and System Enhancement:
o Identify opportunities for process improvements and efficiency enhancements in financial operations, including the upgrade of the current accounting system to accommodate business growth.
o Implement best practices and technologies to optimize workflows and enhance financial management processes.
9. Professional Development and Leadership:
o Stay updated on industry trends, regulatory changes, and emerging technologies in finance and accounting, continuously enhancing skills and knowledge.
o Lead and motivate finance teams, fostering a culture of excellence, accountability, and collaboration to achieve organizational goals.
10. Audit Preparation and Compliance Assurance:
o Prepare for annual statutory audits, including the compilation of necessary documentation and addressing audit queries to ensure compliance and accuracy in financial reporting.
o Implement internal controls and processes to mitigate risks and ensure adherence to audit standards and regulatory requirements.
Skills & Requirements:
* Bachelor’s degree in finance, Accounting, or related field (Master's degree preferred)
* Proven experience in financial management, preferably in the construction or real estate industry
* Strong understanding of budgeting, financial analysis, and forecasting techniques
* Excellent knowledge of financial regulations and compliance standards
* Proficiency in financial software and Microsoft Office suite
* Exceptional analytical and problem-solving abilities
* Effective communication skills with the ability to liaise with diverse stakeholders
* Detail-oriented mindset with a focus on accuracy and precision
* Proactive approach to identifying and addressing financial challenges.
Company Benefits:
* 23 Days Holidays (3 Holidays during Christmas shutdown period)
* Birthday Leave – 1 additional day off to celebrate your birthday
* Length of Service Leave – 1 extra day of holiday for each year worked (up to 5 additional days)
* Company events and parties
* NEST Pension scheme – Contribution of 3%.
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