Divisional Finance Director

RK Accountancy; Alderley Edge; On-site; GBP 70,000 - 110,000; Full time

Job summary

A leading professional business in South Manchester is seeking a Divisional Finance Director. This pivotal role involves independent financial reporting, performance monitoring, and managing a finance team. Ideal candidates will have strong financial acumen and experience in strategic planning, ensuring optimal financial operations in line with business objectives.

Qualifications

• Proven experience in financial management at a senior level.
• Strong analytical skills and experience in reporting.
• Experience with ERP systems, preferably COINS.

Responsibilities

• Provide independent financial reporting to the Board.
• Oversee statutory accounts and year-end processes.
• Manage a team of 8 direct reports and improve financial performance.

Skills

Financial Reporting

Budget Management

Team Leadership

Strategic Planning

Performance Monitoring

Job description

New Divisional Finance Director opportunity for a leading professional business in South Manchester.

Main Responsibilities:

Working closely alongside the residential Managing Directors:

• Provide independent financial reporting and advice to the Main Board and regional Board members in relation to all UK residential operations.
• Monitor the residential division's commercial departments to ensure proper control of expenditure and reporting of development performance and KPI.
• Oversee the year-end statutory accounts process for the Residential Division and assist with the group statutory accounts to ensure timely production and a clean audit sign-off.

Duties to include:

• Responsibility for timely and robust management reporting of the UK residential operations to inform the Main Board and Residential Board on financial and operational performance.
• Work closely with operational management across regions to establish budgets, present results, forecasts, cash flow projections, and KPIs at various board meetings.
• Review and assess budgets as part of rolling forecasts, reporting key observations and divergence from budgets to the board.
• Monitor and report on site performance against original appraisals and budgets, including reforecasting and margin analysis.
• Oversee the monthly production of regional site CRVs.
• Manage a team of 8 direct reports and collaborate with regional Directors to identify opportunities for improved net returns.
• Review land appraisals for viability and challenge regional land teams on land bank requirements.
• Contribute to sales and marketing initiatives, including pricing strategies based on site performance and market activity.
• Manage the development of the division's COINS ERP system to improve real-time KPI and management reporting, and facilitate its rollout across other group companies.
• Lead the residential finance team through the year-end audit process, ensuring robust statutory accounts and compliance with reporting standards.
• Maintain strong financial procedures and controls to safeguard assets and ensure legal, statutory, and tax compliance.
• Oversee monthly management reporting and statutory accounts for smaller entities within the division.
• Coordinate with funders to manage facilities, ensure compliance with covenants, and support timely debt payments and covenant submissions.
• Work with the Group Finance Director to monitor cash flows, safeguard cash, and maximize returns.

Please submit your CV for immediate consideration. (url removed) (phone number removed)

As a recruitment specialist with over 26 years of local experience, I work closely with clients and candidates to understand their requirements. If this position isn't suitable but you're seeking new opportunities, please contact me for a confidential discussion.

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