This role will require the Finance Controller to be both hands-on and strategic as will be accountable for the financial health and wellbeing of the business and its multi-branch network in Germany. Responsibilities will include monthly and annual financial reports; cash flow management; key variance analysis; budgeting and forecasting; analysis of sales and inventory, cost of goods sold, overheads, production variances; a range of broad reporting requirements, cost control, and financial management tasks.
Core Responsibilities
- In conjunction with the accounting team, prepare cash flow forecasts monthly, and make appropriate recommendations.
- In conjunction with the accounting team prepare monthly: Debtors/creditors report, profit & loss report, cashflow forecasts, balance sheet, control account reconciliations, financial/operational variance reports and analysis, additional reports, documentation and data as requested and make appropriate recommendations.
- Develop and maintain production costing systems and procedures and assist with the development of production and inventory controls.
- Liaise with the relevant department heads to develop and maintain efficient reporting and data gathering systems for financial and production requirements.
- Recommend upgrades and efficient procedures and usage requirements for the ERP system, and project manage IT and technology projects and support for local users.
- Finance lead for scoping and implementation of new group-wide ERP system into Bolab subsidiary.
- Oversee:
- Credit and payments commensurate with cash flow.
- Banking and bank statements
- Preparation and reconciliation of tax reporting
- Payroll, payroll tax and maintenance of all payroll records
- Statutory employee benefits
- Maintenance of all staff records
- System developments of all computerized data and the development of appropriate control systems such as cash control, stock control, production control etc. in conjunction with relevant Department Heads.
- Maintenance of asset register and assisting with the bi-annual audit processes.
- Ensure deadlines are met for weekly/monthly/quarterly reports as required by the company and/or statutory bodies.
- Control any rebates, discounts, contributions made to customers.
- Review and control of Long-Term Contract accounting and reporting.
- Involvement in pricing and bid preparation.
- Provide financial guidance for commercial issues surrounding new and existing commercial proposals (e.g. assessment of customer profitability, etc.).
- Provide financial guidance to the operational network and ensure operations are performing at optimum from a financial management perspective.
- Involvement in Contract Review process.
- Development and training of direct reports to ensure their effectiveness is maximised and develops with the company and adherence to company and group policies and procedures.
- Ensure that all administrative processes adhere to the financial control standards.
- Internal and external audit assistance and co-ordination.
- Assist with the preparation of Group and Local Statutory audits.
- Ensure German subsidiaries comply with their obligations under both German and UK law.
- To always act and work within legal and ethical standards and company policies.
What are we looking for?
- University degree in Business Administration or Economics or equivalent experience
- Minimum 6 years' experience in controlling, finance or accounting in light manufacturing/assembly/service
- Actual and standard costing experience
- Strong integrated ERP systems experience/knowledge
- Management accounting experience preparing full P&L result for manufacturing and sales distribution
- Strong understanding of financial principles, accounting standards (IFRS and/or German GAAP), and financial analysis
- Very good knowledge of MS Office, particularly Excel
- Ability to analyse financial data, identify trends, and draw meaningful conclusions. Proficiency in financial modelling and forecasting is highly desirable
- Strong attention to detail and accuracy in financial analysis and reporting
- Fluent in English and German (written and spoken)
- Excellent communication and interpersonal skills to effectively collaborate with colleagues and present financial information to non-financial stakeholders
- Ability to identify and resolve financial issues or discrepancies in a timely manner
- Strong organizational skills and the ability to manage multiple tasks and deadlines effectively
- High ethical standards and the ability to handle confidential financial information with discretion
- Willingness to learn and adapt to changing financial regulations, technologies, and business needs
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