Portfolio Finance Director - 2-3 Days/Week
- Recruiter
- Morgan Financial Search
- Location
- Manchester/Rochdale
- Salary
- £400 - £500 / Day Rate + Share Options
- Posted
- 13 Mar 2019
- Closes
- 19 Mar 2019
- Ref
- MC3294
- Job Title
- Finance Director
- Experience Levels
- Director
- Contract Type
- Contract
- Hours
- Part Time
My exclusive client, based in twin sites in Manchester and Rochdale, is a profitable and fast growing Plant Hire SME, t/o £15m, which has just received significant PE investment to support their exciting expansion strategy.
Reporting directly to the MD/founder and operating as part of a highly experienced and well respected Management Team, an energetic and hands-on Portfolio FD/CFO is required, likely 2-3 days per week on an ongoing basis, to support the profitable development of the business through to a successful exit within the next 4-5 year period.
The brief will include:
- Develop a small efficient Finance function, including managing and coaching the hands-on Finance Manager, to ensure the production of timely and robust financial and management information.
- Develop the wider operational business systems, processes and infrastructure to facilitate the successful business expansion.
- Develop MI packs and KPI's to support key decision making processes.
- Key point of contact with the new PE backers to provide robust "no surprises" business performance reports and meaningful trend analysis.
- Proactive Cash Management control to ensure Bank covenants are met at all times.
- Work closely with the SMT and Depot Managers to maximise business efficiency and profitability across the business and at each local depot profit centre level.
- Support Purchasing strategy in terms of direct Purchase vs Hire Purchase vs ABL decisions for new large Industrial Plant items.
- Maximise margins and contract profitability on the hire out of Industrial Plant on both large individual plant items and higher volume orders.
- Provide financial control/analysis in supporting the Management Team in the set up and roll out of new Depot sites.
- Key point of contact with all professional stakeholders - PE, Bank, Auditors, Advisors etc.
- Overall, to work closely with the MD and Management team across the business to achieve the planned growth strategy and play a key role in the eventual exit process.
The ideal candidate will be an experienced hands-on SME Portfolio FD with the ongoing availability of 2-3 days/week in addition perhaps to another portfolio client commitment.
Applications will be particularly welcome from candidates with similar Plant Hire/Building Products Distribution sector related experience within a depot/branch network structure.
Experience of stakeholder reporting within a PE backed/Bank leveraged environment, and/or steering a successful exit process, would be a further advantage but not pre-requisite.
My client offers a competitive professional day rate of £400-£500/day and the further incentive of Share Options which will potentially deliver significant personal value to reward the Portfolio FD's key contribution to help steer this growth SME through its profitable development leading to successful "exit" within the next 4-5 year period.
Please send your CV in strictest confidence to Martin Morgan, the retained consultant. All relevant strong candidates can expect a prompt direct response.