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Commercial Finance Manager

Published 21 June 2024
£40000.00 - £50000.00 per annum
Beeston, Nottinghamshire
Job Starts: 21st June 2024
Accountancy & Finance

Job Description

Job title: Commercial Finance Manager

Salary: up to £50,000 + Benefits D.O.E

Location: NG10

To lead a Purchase Ledger team of 7, ensuring that all invoices and payments are processed timely and effectively in line with company procedures for all group companies. Investigate and follow through on all invoice queries and payments on account to ensure a clean, well-managed ledger. Provide cover for the Group Commercial Manager in their absence, supporting all transactional departments and assisting departmental managers.

The company has shown significant growth and plans to double in size over the next five years through both organic and non-organic means. This new role focuses on Purchase Ledger management and is expected to develop into a more all-round commercial role in line with the business's growth. The role will be responsible for developing ideas and streamlining existing processes to better position the company for future growth and acquisitions.

Person Specification

This role encompasses all aspects of finance and operations, requiring good all-round accounting and commercial experience, alongside a desire to develop and improve.

  • Experience:
    • Previous Team management experience, 24 months minimum.
    • Previous Purchase Ledger management experience, 24 months minimum.
    • Previous purchase ledger experience, including working with foreign currencies.
    • Working understanding of VAT.
    • Previous credit control and good administrative skills required.
  • Skills:
    • Computer literate with a good working knowledge of Excel.
    • Excellent communication skills with the ability to deal with people at all levels both internally and externally.
    • Ability to work under pressure and meet deadlines.
    • Flexibility and conscientiousness.

Core Activities

  • Lead, mentor, support, and motivate a team of Purchase Ledger Clerks to achieve their targets.
  • Conduct regular team appraisals, identify knowledge deficiencies, and initiate ongoing training for team members as required.
  • Manage team workload, ensuring data is processed accurately and timely, meeting all company policies and statutory obligations.
  • Closely monitor accounts to ensure cash flow is maximised, with supplier accounts paid to terms and reconciled to statements.
  • Review/manage new supplier applications with the Procurement Team and review all supplier amendments.
  • Respond to and resolve complex matters escalated by the purchase ledger team.
  • Ensure the purchase ledger policy and payment cycle are followed and upheld.
  • Attend management meetings as required.
  • Collaborate with the finance department to produce the purchase ledger month-end accrual.
  • Develop and maintain insightful management reporting on key performance indicators.
  • Deliver the month-end close procedure, ensuring the ledger is reconciled to the trial balance.
  • Lead projects supporting developments and improvements within the purchase ledger function to transition to a more streamlined digital system.
  • Communicate regularly and effectively with internal and external stakeholders to keep all parties updated on relevant matters.

Additional Roles

  • Provide cover in the absence of the Group Commercial Manager.
  • Assist in running the Credit Control Team and support the Credit Manager, offering observations and discussing future projects to efficiently minimise the debtor book.
  • Assist in running the Sales Administration team and support the Sales Administration Manager, offering observations and discussing future projects to increase efficiency and reduce reliance on paper-based systems.
  • Review and negotiate, under the direction of Directors, variations to company terms and conditions for all customers and suppliers in liaison with the Procurement Manager.
  • Aid in integrating acquisitions into procedures and assist those companies in delivering policies effectively within their teams. Provide a point of contact for support during this process.
  • Perform ad-hoc duties as required to support the team's goals and objectives.

If you are interested in this position, please apply with your most up to date CV and one of our consultants will reach out to discuss the role in more depth.

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