Commercial Finance Manager
hace 2 días
Stockton-On-Tees
Commercial Finance Manager Salary: Negotiable plus bonus Location: Stockton-On-Tees Reporting: Finance Director Type: Permanent Purpose: Reporting into the Finance Director, the Commercial Finance Manager role is responsible for overseeing the company’s financial control processes, ensuring accurate reporting, budgeting, and strategic financial planning. This position plays a pivotal role in providing financial insights, monitoring performance, and implementing effective cost-control measures to support business objectives. The Controlling Manager collaborates with senior management to drive financial performance, compliance, and operational efficiency. Duties: Month End/Year End Reporting: • To assist with the prepare of monthly, quarterly, and annual Financial Statements in accordance with UK GAAP and/or IFRS, ensuring all statutory filings are accurate and submitted in line with deadlines., • Lead the month-end reporting process, ensuring accurate and timely closure of financial accounts., • Prepare and post journal entries, including, but not limited to, depreciation, warranty, and month end accruals, in compliance with accounting standards., • Support the preparation of management reports, including KPIs and budget vs. actual analysis., • Liaise with external stakeholders and be a key source of contact for the auditors in order to facilitate a smooth audit process., • Management of the Fixed Asset register, ensuring accurate recording, clarification and valuation of assets whilst ensuring capitalisation and depreciation is carried out in line with local accounting standards, • Conduct periodic stock reconciliations to identify discrepancies and implement corrective measures., • Ensure compliance with accounting standards for inventory valuation, including cost allocations and provisions for slow-moving or obsolete stock., • Support month-end and year-end closing activities by providing accurate stock-related data., • Strive for Stock reporting accuracy with a desire to minimise stock provision and write off’s needed. Gross Margin Analysis: • Perform detailed gross margin analysis to monitor profitability across products, and customers., • Identify trends, variances, and drivers impacting gross margin performance and provide actionable recommendations., • Review and improve margin reporting to ensure full transparency of margin impacts. Budget preparation & Forecasting • Assist in preparing annual budgets and periodic forecasts to support strategic decision-making, including the identification of trends, risk and opportunities., • Support the development of financial projections, including revenue, expenses, and cash flow, based on historical performance and business objectives., • Ensure compliance with Internal Controls, Company Policies and regulatory requirements, • Identify opportunities for process improvements to enhance financial reporting and internal controls. Requirements: • Demonstrable experience of financial statement and management accounting, • Demonstrable understanding of business principles and practices, • Demonstrable experience in the preparation of business plans, financial planning, forecasting, budgeting and viability analysis, • Demonstrable experience of policy and procedural development in the delivery of the finance function, • Demonstrable experience of producing financial reports for a range of audiences, • Qualification in accounting, business, economics, finance, or a related field (Fully or Part-Qualified in CIMA, ACCA, ACA)