Big K Products Limited Hiring for Interim Finance Director Job at King’s Lynn, England Full Time

Job title

INTERIM FINANCE DIRECTOR

Responsible to

Managing Director

Responsible for

The finance function for Big K Products Limited

Key relationships

Board of Directors and the Senior Management Team

Date

August 2021

This is a consultancy role and the job holder will be self-employed and submit their invoices on a monthly basis. The initial term is six months at 2 days per week

Purpose of the role

To contribute to the attainment of the company’s business objectives by:

· Providing strategic and financial guidance to ensure that the company’s financial commitments and plans for growth are met

· Developing all necessary policies and procedures to ensure the sound financial management and control of the company’s business, this includes a review of all existing procedures

· Overseeing the Finance Team activities and helping them to achieve their full potential

Key duties and responsibilities

· Form a close working relationship with the Managing Director and other Senior Executives

· Constantly update the MD on the financial performance of the business. Identify potential problems and suggest solutions

· Provide leadership to the Board’s Finance and Accounting strategy, to optimise the company’s financial performance and strategic position.

· Take overall control of the company’s accounting function

· Contribute fully to the development of company strategy across all areas of the business, challenging assumptions and decision-making as appropriate and providing financial analysis and guidance on all activities, plans, targets and business drivers.

· Ensure that company financial systems are robust, compliant and support current activities and future growth.

· Lead and develop the finance team.

· Work with senior teams to grow the business, formulating strategies and plans.

· Ensure corporate budgeting processes are carried out and reviewed.

· Take ultimate responsibility for the company cash management policies.

· Present annual accounts to shareholders

· Ensure that the regulatory requirements of all statutory bodies are met.

· Corporate finance: manage company policies regarding capital requirements, debt, taxation, equity, disposals and acquisitions, as appropriate.

· Establish a high level of credibility and manage strong working relationships with external parties including customers and advisors.

Key Performance Indicators

Indicator

Measurement

Financial accuracy

· Producing comprehensive and accurate management accounts in a timely manner

· Preparing annual accounts for the shareholders

· Managing cash flow

· Dealing with errors and discrepancies to ensure they do not reoccur

People

· Training plans and appraisals

· Setting a professional example

· Team leadership

HMRC

· Meeting all HMRC deadlines for statutory returns, including VAT

· Alerting the Directors to any potential issues

Strategic planning

· Working with the Directors and Senior Management Team to evaluate the impact on the profitability of all major projects

· Work closely with the MD to set corporate objectives and financial targets

Change agent

· Reviewing existing procedures and implementing changes that will promote a streamlined and effective finance function

Budgets

· Work closely with the Senior Management Team to produce challenging but achievable budgets and financial targets

· Raise the awareness of the importance of profitability and managing a sustainable business

Continuous improvement

· Identify improvement opportunities across all areas and develop plans for how these can be achieved

Main challenges of the role

· Reviewing the current systems and processes so that they are ‘fit for purpose’, and implementing changes to strengthen the finance function

· Adapting to a business which is different to the norm and is going through a period of change.

· Assessing the roles and responsibilities within the Finance Team to ensure they work effectively and efficiently

· To promote Big K’s vision for the future and corporate objectives to colleagues, suppliers and customers

o “for consumers to trust the Big K brand and our products to perform to the customers’ expectations and to treat our customers, suppliers and employees with the same high level of care”

· Dealing efficiently with day to day issues and constantly striving to improve internal efficiencies in a cost-effective manner

Essential skills and qualities

· Qualified member of an accountancy body or holder of an equivalent qualification

· Meet the requirement for a commercially astute, articulate, technically strong, dynamic, insightful and influential leader with the ability to operate at both strategic and operational levels.

· Exceptional communication skills at all levels

· Strong IT skills, always being ahead of new technologies

· Ability to handle high levels of pressure and critical decision-making.

· High integrity and openness combined with commitment to good governance.

· Energetic, highly motivated, with an enquiring mind and passion for excellence and innovation in pursuit of business growth and success.

· To be a role model to colleagues by always behaving in a professional manner and acting in the best interests of the company

Reference ID: Interim FD

Contract length: 6 months

Part-time hours: 16 per week

Application deadline: 06/09/2021

Expected start date: 19/09/2022

Job Types: Part-time, Contract

Salary: £450.00-£500.00 per day

Schedule:

• Monday to Friday

COVID-19 considerations:
All recommended Covid protocols in place – wearing masks, sanitising stations, social distancing, regular testing on site

Education:

• Diploma of Higher Education (preferred)

Experience:

• Finance Director or equivalent: 2 years (preferred)

Work remotely:

• No