Our Client is a Medical Software business based in Chorley. As they continue to grow and expand their operations, we are assisting them in hiring a talented and experienced Transactional Finance Manager.
Position Overview:
The Transactional Finance Manager will play a critical role in overseeing the day-to-day financial operations of the company, with a focus on transactional processes such as accounts payable, accounts receivable, payroll and credit control. The successful candidate will be responsible for ensuring the accuracy, efficiency, and compliance of all financial transactions, while also identifying opportunities for process improvements and implementing best practices to streamline operations.
Key Responsibilities:
Accounts Payable Management:
* Supervise the accounts payable function, including invoice processing, payment scheduling, and vendor management.
* Review and approve payment batches to ensure accuracy and compliance with company policies and procedures.
* Monitor accounts payable aging and address any discrepancies or issues in a timely manner.
Accounts Receivable Management:
* Oversee the accounts receivable process, including invoicing, collections, and cash application.
* Implement strategies to optimize cash flow and minimize outstanding receivables.
* Collaborate with sales and customer service teams to resolve billing discrepancies and customer inquiries.
Payroll Administration:
* Manage payroll processing and ensure accurate and timely disbursement of employee salaries and benefits.
* Maintain compliance with payroll tax regulations and reporting requirements.
* Address employee payroll inquiries and resolve any issues or discrepancies.
Financial Reporting and Analysis:
* Prepare and analyse financial reports related to transactional activities, including aging reports, cash flow forecasts, and variance analysis.
* Provide insights and recommendations to senior management based on financial data analysis.
* Support month-end and year-end close processes as needed.
* Process Improvement and Compliance:
* Identify opportunities to streamline transactional processes and enhance efficiency through automation, standardization, or other initiatives.
* Ensure compliance with relevant accounting standards, regulatory requirements, and internal controls.
* Develop and implement policies and procedures to mitigate financial risks and improve overall operational effectiveness.
Team Leadership and Development:
* Lead and mentor a team of finance professionals, providing guidance, support, and ongoing training as needed.
* Foster a collaborative and high-performance culture within the finance team.
* Conduct performance evaluations and provide feedback to team members to support their professional growth and development.
Hybrid, 2 days in the office. With an initial first 3 months in the office whilst training and getting to know the team.
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