Commercial Finance Manager

ZipRecruiter; Banbury; On-site; GBP 45,000 - 55,000; Full time

Job summary

A well-established business in Banbury is seeking a Commercial Finance Manager to join their team. This key role focuses on overseeing financial operations, including cash flow management, forecasting, and team leadership. Candidates should be part or fully qualified accountants with significant management experience in a finance environment, looking for an exciting challenge with opportunities for career progression.

Benefits

23 days holiday plus UK bank holidays

Annual Bonus

Life Insurance

Health Cash Plan Scheme

Free car parking

Qualifications

• Proven experience in a similar finance management role.
• Strong knowledge of forecasting, cash flow management, and AP/AR.
• Management experience and process improvement skills.

Responsibilities

• Oversee core operational finance functions.
• Lead short-term cash flow forecasting.
• Provide leadership to AP and AR teams.

Skills

Leadership

Problem-solving

Attention to detail

Advanced Excel skills

Stakeholder management

Education

Part / Fully Qualified accountant (ACA / ACCA / CIMA)

Job description

Job Description

We're working with a well-established and growing business in Banbury who is seeking an experienced and highly capable Commercial Finance Manager to join their SMT on a permanent basis. This is a newly created role and would suit someone in a commercial finance or FP&A roles in a large organisation, seeking to broaden their scope and experience. You will be required to oversee core operational finance functions and will report directly to the Group Finance Director.

Purpose of the Role

This role is critical to ensuring strong cash flow management, accurate monthly forecasting, while providing leadership to the Accounts Payable (AP) and Accounts Receivable (AR) teams and adding commercial insight into business performance. You will also take ownership of key financial processes, including FX management, cash flow forecasting, and duty deferment administration.

Key Responsibilities of the Commercial Finance Manager

Team Leadership & Supervision

• Supervise and support the AP and AR functions and associated employees




• Ensure timely and accurate processing of invoices, receipts, and customer/supplier queries




• Drive improvements in AP/AR processes, systems, and controls
  

Compliance & Operational Finance

• Own the Duty Deferment Account, ensuring accurate tracking and payment to HMRC

• Manage documentation collation and compliance related to Bonded Warehouse operations




• Oversee and approve timely and accurate bank reconciliations
  

Cash Flow & FX Management

• Lead short-term cash flow forecasting to ensure day-to-day liquidity




• Develop and maintain long-term cash flow forecasting models to support strategic planning




• Own and manage foreign exchange (FX) exposure, ensuring effective hedging or mitigation strategies are in place
  

Forecasting & Budgeting

• Own the preparation of P&L forecasts, working closely with stakeholders across the business




• Play a key supporting role in the annual budgeting process, providing critical insight and financial modelling
  

Rebates Management

• Own the rebates function, including:






• Performing and reviewing rebate reconciliations




• Approving and signing off new rebate agreements in line with commercial policy
  

Experience, Skills & Attributes

• Part / Fully Qualified accountant (ACA / ACCA / CIMA) or equivalent experience




• Proven experience in a similar finance management role




• Strong knowledge of forecasting, cash flow management, and AP/AR




• Familiarity with customs processes, bonded warehouse regulations, and HMRC duty deferment is highly desirable




• Experience managing teams and driving process improvements
  

You'll need:

• Strong leadership and team management skills




• Excellent attention to detail and problem-solving ability




• Advanced Excel and financial modelling skills




• Effective communication and stakeholder management




• Highly organised with the ability to manage multiple priorities under tight deadlines
  

What's in it for you?

• Salary £45,000-£55,000 DOE




• Hours: 38.5 hours per week, 08:30-17:00 (Monday to Thursday), 08:30-15:30 (Friday)




• 23 days holiday plus UK bank holiday, rising to 25 days holiday after five years' service




• Holiday Buying additional 5 days option to purchase




• Life Insurance




• Annual Bonus




• Health Cash Plan Scheme




• On-site training




• Excellent career progression opportunities




• Modern facilities




• Employee functions including annual Summer Social




• Charitable fundraising opportunities




• Free car parking
  

Application Process

If you're interested in this exciting opportunity, please forward your CV to Hannah as soon as possible or call to discuss further.