Assistant Financial Controller - ACA/ICAEW
£45,000 - £50,000
We are currently looking to recruit an Assistant Financial Controller to work for a FTSE250 global aerospace and manufacturing business based out of their regional HQ in Coventry.
As part of the growing divisional finance team in the organisation's Services division, an opportunity has arisen for an Assistant Financial Controller who will play a key role in ensuring that all sites have an effective internal control structure, and reporting process that allows management at all levels in the organization to place reliance on reported information.
This will include driving relevant process improvements, implementing new/revised policies, and interacting with numerous stakeholders across the division (regional sites), Group (tax and treasury), and external (auditors). In addition, the successful individual will also be responsible for budgeting and reporting any variances against, the divisional HQ entity.
This role is part of a small team and must be comfortable operating in an environment that spans both hands-on detailed tasks through to broader policy setting. The breadth of experience required means the role would be well suited to someone looking to make their first move from practice into industry.
Key responsibilities will include, but are not limited to;
Deliver consolidated BFC reporting to meet divisional and Group requirements for the Actuals, ensuring data released to HQ is both on-time and of high quality.
Be the technical finance leader for the division, working closely with Group Controlling to understand the impact of new accounting standards or Group policies and ensuring that divisional reporting is compliant with these. Be a reference point for Finance staff across the division on technical questions
Custodian for transfer pricing and associated local tax compliance. This includes setting intercompany prices between the aftermarket and OE divisions, annual price updates, calculating and agreeing the MRO profit-share reconciliation, as well as ensuring the overall methodology continues to be fit for purpose
Review and challenge all requests for costs to be treated as operating exceptionals to confirm they are in line with group policies. Ensure that all costs charged to OpEx by the division are consistent with previously authorised proposals
Responsible for forecasting and reporting (variance analysis) for the central S&S HQ entity
Own the divisional delegation of authority matrix, ensuring appropriate authorities are delegated to regions and site management whilst remaining compliant with Group policies
Develop and enhance standardized accounting approaches across all sites and product groups, including monthly close requirements, BFC reporting, reporting against strategic initiatives (e.g. inventory reduction, KPI decks)
Drive standardisation in the use of Group IT systems (e.g. common usage of SAP so extracted data is comparable and easy to consolidate into meaningful management information, standardised BI/management information tools etc.).
Ensure a robust and appropriate internal control environment in each site, proactively identifying higher risk sites and working to ensure targeted improvements are implemented and sustained as well as ensuring timely and thorough follow-up of issues identified during internal/external audit reviews.
Own, together with the regional FD's, a regular balance sheet review process for each region to ensure balances are appropriate, in accordance with Group policies, and that consideration is given to whether appropriate reserves are held for contingent liabilities. This may also extend to implementing a reconciliation software tool if appropriate.
Ensure all R&D capitalisation requests are well prepared and supported by relevant information and explanations. Review quarterly impairment tests on capitalized costs on the balance sheet
Ensure all product groups in the division comply with Tax & Treasury requirements including having appropriate hedging in place for foreign currency exposures, liaising around tax obligations (sales, state, federal or other) with Group, and ensuring an auditable 13 week free cash flow forecast is maintained
Deputise for Divisional Director - Finance as and when required
The Successful Applicant
The successful candidate will possess;
Qualified Accountant (ICAEW / CIMA / etc)
Degree qualified and with relevant accounting qualification
Good understanding of IFRS and technical reporting requirements
Excellent communication skills both written and verbal
Good working knowledge of SAP and the BFC consolidation tool (Citrix) advantageous
Strong analytical skills
High proficiency in Microsoft Excel
High attention to detail
Problem solving approach to work
Can work autonomously