Our Douglas-based client are a leading service provider to both business and consumer markets on the island. Following a review of operational and leadership needs, they are seeking an experienced Chief Financial Officer to join and lead an established team working across Isle of Man and the Channel Islands jurisdictions.
The Chief Financial Officer will:
* Lead the day-to-day management of the finance function, delivering excellent financial management and control across the business
* Take primary responsibility for all management, statutory, taxation and regulatory reporting/compliance for the Group operating across 4 jurisdictions
* Lead the Groups relationships with shareholders, banks, lenders, auditors, hedging counterparties, tax advisors and pension providers/consultants, instilling confidence in the organisation's financial position and negotiating agreements/terms in line with Group requirements and strategy
* Act as a strategic business partner across the business, providing financial insights to support commercial decision making
* Ensure appropriate controls, reporting and monitoring of CAPEX
* Ensure appropriate KPI reporting, modelling, forecasting, credit control and collection of a high-volume consumer focused Trade Receivables book
* Lead and implement the Groups hedging strategies to provide protection from market volatility whilst meeting debt obligations and protecting profitability
* Manage the Groups PE reporting requirements, corporate and debts structures plus supporting the journey towards a successful PE exit within 2/3 years
* Drive the company's long term financial forecasting and annual budgets
* Working with the CEO, create a strategic 3-year plan with a clear understanding of the value drivers of the business
* Managing, reporting and forecasting the groups cashflows to ensure debt obligation/covenants are met and essential capital expenditure programs can be funded
* Manage and motivate as team of 25 financial and procurement professionals across 3 judications
* Together with the Group's general counsel provide support, ensure appropriate governance is in place for the Group and company secretarial obligations are met
The ideal candidate for the role of Chief Financial Officer will be:
- Graduate calibre, experienced finance leader. Ideally a qualified accountant (ACA, CIMA, or CA)
- >10years as a CFO or Group Financial Director in a similar sized organisation with circa 150 staff and revenue >£50m
- Brings an understanding of specific reporting, tax, economic substance and regulatory compliance in the Channel Islands and Isle of Man
- Experience of a PE structures, reporting requirements, funding and exit processes
- Debt management and leading relationships with Lenders
- Exposure to commodity, interest rate and FX hedging
- Knowledge and experience of reporting and tariff setting in a regulated Energy environment
- Leading relations and negotiating contracts with key suppliers
- Strong experience of FRS102, complex Group financial consolidations and annual financial statement preparation
- In depth knowledge of corporate financial law and risk management practices
- Excellent knowledge of data analysis and forecasting methods
- Proficient in the use of MS Office and financial management software
- Ability to strategize and solve problems.
- Strong leadership and organisational skills
- Excellent communication and people skills
- Board experience and Corporate Governance
- Analytical, on top of the detail, logical, data and metric driven approach to problem solving
- High EQ and able to lead a team through listening, collaboration, and influence, not just line of authority
- Strong focus on developing and leading a highly motivated, high performing team that is admired across the business
Highly desirable:
* There is a preference for an individual who has been a main board CFO previously, ideally within a Private Equity owned portfolio company
* Ideally with some experience in energy utility company primality operating in a B2C environmen