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Head of finance - newcastle - £highly competitive

Newcastle Upon Tyne (Tyne and Wear)
Harrison Scott Associates
Head of finance
€125,000 - €150,000 a year
Posted: 21 May
Offer description

An established and growing SME operating within a group structure is seeking a commercially minded Head of Finance to lead its finance function during an important phase of operational growth and performance improvement.

The business is operationally focused, commercially driven, and committed to strong financial discipline to support sustainable growth, operational excellence, and margin optimisation.

This position forms part of the Senior Leadership Team and carries full responsibility for finance across the organisation. The role combines strategic financial leadership with hands‑on operational control, supporting senior stakeholders in driving profitability, cash performance, and informed decision making.

The successful candidate will lead financial governance, oversee manufacturing cost performance, manage working capital, and provide commercial insight to support business strategy and investment decisions.

This is a highly visible leadership opportunity suited to an individual who enjoys operating both strategically and operationally within a dynamic SME environment.

1. Financial Reporting & Performance Management

Lead preparation of monthly management accounts with full variance analysis

Prepare board‑level reporting packs and performance commentary

Deliver annual statutory accounts in line with UK GAAP

Lead budgeting and quarterly forecasting cycles

Conduct scenario modelling and sensitivity analysis

Provide detailed KPI reporting covering margin, productivity, and working capital

Deliver advanced Excel‑based financial modelling and analysis

2. Audit, Controls & Compliance

Act as primary contact for external auditors

Lead year‑end statutory audit process

Maintain strong internal controls across all financial processes

Ensure compliance with VAT

Ensure compliance with PAYE

Ensure compliance with Corporation Tax

Ensure compliance with Companies House filing

Ensure compliance with Pension Regulator requirements

Maintain balance sheet integrity via structured reconciliation processes

Oversee fixed asset register and depreciation policies

Ensure company secretarial filings and statutory registers are maintained

3. Group Reporting & Intercompany Management

Ensure accurate and timely reporting to group

Manage intercompany reconciliations and transactions

Oversee VAT returns for group entities

Align local reporting standards with group requirements

Liaise with group finance and external advisors on complex tax or structural matters

4. Manufacturing Costing & Margin Control

Establish and review standard costing methodologies

Set and review direct labour recovery rates

Develop and maintain overhead absorption models

Monitor labour utilisation, productivity and efficiency

Analyse material, labour, and overhead variances

Review scrap, yield, and production efficiency metrics

Conduct product and customer profitability analysis

Partner with Operations and Procurement to improve cost visibility and margin

5. Working Capital & Cash Flow Management

Produce rolling cash flow forecasts

Oversee debtor management and credit control

Approve credit limits and monitor debtor ageing

Supervise invoice finance facility reporting and reconciliations

Ensure compliance with lender covenants

Maintain strong banking relationships

Review creditor payments and authorise BACS runs

6. Inventory & Stock Governance

Oversee inventory valuation methodology

Review stock provisions and obsolescence reserves

Monitor stock turns and working capital exposure

Ensure accurate month‑end stock reconciliation

Collaborate with operations to improve stock accuracy

7. Payroll, Pensions & Employee Financial Administration

Oversee outsourced payroll provider

Review payroll prior to submission

Ensure compliance with Pension auto‑enrolment

Ensure compliance with P11Ds

Ensure compliance with Apprenticeship levy reporting

Administer salary sacrifice schemes

Oversee employee expense controls and credit card management

Ensure accurate HR‑related financial reporting

8. Insurance & Motor Fleet Oversight

Manage corporate insurance renewals and claims

Review policy coverage and negotiate premiums

Oversee motor fleet compliance and financial reporting

Lead CapEx approval process

Develop investment appraisals and ROI analysis

Ensure strategic alignment of investment decisions

10. Commercial Business Partnering

Support pricing models and tender submissions

Provide margin analysis for new contracts

Deliver financial modelling for growth initiatives

Challenge operational costs constructively

Support strategic planning and expansion initiatives

LEADERSHIP, SKILLS & SUCCESS MEASURES

Lead and develop Finance Assistant and Finance Business Partner

Provide oversight of transactional finance activities

Set performance objectives and conduct reviews

Promote continuous improvement in systems and reporting

Champion process efficiency and ERP optimisation

Actively contribute to SLT strategy and decision‑making

Qualifications & Experience

ACA / ACCA / CIMA qualified (or qualified by experience)

5–10 years’ experience in manufacturing or stock‑intensive environment

Strong experience in: Standard costing, Labour recovery & overhead absorption, Invoice finance facilities, VAT and statutory compliance, Audit processes, Cash flow forecasting

Advanced Excel and ERP system expertise

Experience managing or supervising a small finance team

Why Apply

Senior leadership influence within a growing organisation

Broad ownership across finance and commercial operations

Opportunity to shape finance structure and capability

Visible role supporting strategic business decisions

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