Key Responsibilities
* Own and deliver accurate monthly group reporting across all entities (target: Day 5 close, currently Day 10+)
* Build proper multi-entity consolidation including intercompany eliminations
* Manage deferred revenue recognition (SaaS contracts), cost capitalisation and amortisation
* Produce board packs with variance analysis, KPIs and commercial commentary
* Produce sales and other reports to facilitate proper decision making
* Liaise with external accountants (Hillier Hopkins) to produce statutory accounts and tax returns
Cash & Working Capital
* Own the 13-week rolling cash flow forecast (currently limited to one subsidiary)
* Manage the £1m invoice discounting facility (Bibby) and lender relationships
* Oversee payment prioritisation and authorise payments
* Drive working capital improvements across the group
Systems & Process Improvement
* Rationalise and standardise five Xero instances (chart of accounts, intercompany structure)
* Implement a consolidation and reporting layer to replace manual Excel processes
* Help shape the group’s future ERP strategy as the business outgrows Xero
* Improve payroll allocation processes across entities
* Enhance use of Unleashed (stock management) for COGS accuracy
Tax & Technical
* Oversee R&D tax relief claims (historically c.£150k p.a. cash benefit)
* Support Patent Box strategy development for proprietary technology
* Manage VAT compliance across the group including the Irish entity (70% owned)
Commercial & Stakeholder
* Work directly with the CEO and founders on commercial decision-making
* Support investor reporting and due diligence requirements
* Provide financial insight on project profitability, pricing and margin analysis
* Represent finance confidently to the board, investors and banking partners
Essential Qualifications
* Qualified accountant (ACCA, ACA or CIMA)
* Proven FC or strong Finance Manager ready to step up
* Multi-entity group experience with consolidation responsibilities
* Strong Xero experience (multi-entity environment strongly preferred)
* Advanced Excel skills and confident use of modern finance apps and AI tools to drive efficiency
* Technically strong on revenue recognition, deferred income and capitalisation
* Hands‑on, proactive and comfortable in a founder‑led, fast‑moving environment
* A genuine interest in technology systems and how they can transform finance operations
* Confident communicator — able to present to board, investors and external stakeholders
Desirable Qualifications
* Background in technology, SaaS, IoT or hardware‑enabled businesses
* Experience with ERP systems beyond Xero — the group is approaching the point where it will need to transition
* Experience with acquisitive / bolt‑on group structures
* Familiarity with R&D tax relief, Patent Box or grant‑funded environments
* Experience with inventory management systems (e.g. Unleashed)
* Exposure to investor reporting, due diligence or fundraising processes
Package
* Bonus: up to 10%, linked to reporting quality and delivery milestones
* Pension: 4% employer contribution
* Unlimited Holidays
* Free Gym Membership
* Based: Loughborough (Charnwood Building, Holywell Park, Loughborough University campus)
The Business
Mountain IoT Group is a fast‑growing UK technology group delivering IoT solutions for smart buildings, energy management and connected infrastructure. The group has grown revenue at a 36% compound rate over three years to c.£15.7m, with a headcount of c.95 across four trading entities.
Key revenue streams include hardware sales, and energy management software solutions. The business is targeting growth to £25m+ and is in active dialogue with institutional investors.
This is a role with a clear trajectory. The fractional CFO is in place to support the transition through 2026, after which the Financial Controller will be the senior finance leader in the group. For the right person, this is a realistic pathway to Head of Finance or Finance Director as the business scales toward £25m+ and beyond.
The successful candidate will have the opportunity to shape the finance function from the ground up, build their own team, influence commercial strategy, and play a central role in a business that is scaling rapidly through organic growth and acquisition.
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