Financial Processing Manager
- Recruiter
- Platinum Resources
- Location
- Chelmsford, Essex
- Salary
- £30,000 - 35,000 + Benefits + Discretionary Bonus
- Posted
- 16 Aug 2017
- Closes
- 23 Aug 2017
- Ref
- CD55517041
- Job Title
- Part Qualified
- Category
- Manufacturing / Engineering
- Experience Levels
- Part Qualified
- Contract Type
- Permanent
- Hours
- Full Time
Expanding, innovative Engineering Group is currently looking for a Financial Processing Manager to manage a team of 5 and ensure best practice within the AP, AR and Cash Management functions.
This is a newly-created role owing to the Group’s continued growth and the introduction of a new UK Head Office finance structure.
Reporting directly to the Financial Controller, the Financial Processing Manager will be responsible for:
- Daily AP and AR invoice and credit note approvals.
- Reviewing and approving the weekly payment runs.
- Preparing the weekly 12 month group rolling cash flow forecast
- Preparing bank reconciliations
- Preparing accruals and prepayments
- Meeting the month-end close deadlines and preparing supporting schedules for US parent company
Additional responsibilities for the Financial Processing Manager include:
- Ensure ledger balances for the offshore subsidiary company are reconciled monthly and carry out the reconciliation of their Management Accounts.
- Perform quarterly bad debt reviews.
- Responsibility for the timely and accurate postings and settlement of all invoices, personal expenses and corporate credit cards
- Prepare group VAT returns / EC sales and Intrastat.
The Financial Processing Manager will also:
- Be accountable for GRNI and Preliminary invoice levels
- Identify and review credit notes > $50k to ensure SOX process has been followed.
- Prepare balance sheet reconciliations as allocated for review.
- Assist in Sarbanes-Oxley internal/external audits as and when required.
- Assist in quarterly and annual audits as and when required.
As part of the new finance structure, the Financial Processing Manager will need to mould the team from 2 formerly separate divisions which will require standardisation of processes and systems and team development/motivation. Prior experience of a similar exercise or change management exposure would stand you in good stead.
Suitable applicants for the role should also have:
- Be a Part Qualified CIMA or ACCA with team management experience within a blue-chip/corporate environment
- Demonstrable knowledge of accruals/prepayments and completing month-end returns
- Experience of identifying and implementing financial process improvements and operating within a strict financial control environment
- Good VAT knowledge with the ability to grasp international VAT arrangements
- Experience of compliance within a best practice environment
This is an excellent opportunity to take on an integral role within a forward-looking and ambitious organisation.