Financial Controller

ELP Consult; Norwich; On-site; GBP 40,000 - 80,000; Full time

Job description

Job Description
Our client, a renowned global manufacturer of Power Drive System solutions, is seeking a talented Financial Controller to join their team in Norwich.

As a leading player in the industry, this company offers a diverse portfolio of products, including motors, inverters, generators, power supply batteries, transformers, and more. With a global footprint and a commitment to excellence, they are looking for individuals who share their dedication to delivering cutting-edge solutions.

Location: Onsite working in Norwich, UK
Language: English AND Chinese

Responsibilities:

1. Financial Planning and Reporting:
   1. Financial Planning and Analysis:
      • Developing and overseeing budgets and financial forecasts.
      • Conducting variance analysis to compare actual performance with budgeted figures including cost center expense.
      • Analyzing financial data to identify trends, inefficiencies, and opportunities for cost savings.
   2. Financial Reporting:
      • Preparing and presenting accurate and timely financial reports, including income statements, balance sheets, and cash flow statements.
      • Ensuring compliance with local financial reporting requirements.
   3. Internal Controls and Compliance:
      • Establishing and maintaining robust internal control systems to safeguard assets.
      • Ensuring compliance with financial regulations and standards.
      • Coordinating audits (internal and external) and implementing audit recommendations.
2. Operational Support:
   1. Production Control:
      • Analyzing production data to identify bottlenecks or inefficiencies in the manufacturing process.
      • Collaborating with APU managers to develop solutions for scrap, rework, OEE, productivity and efficiency.
   2. Supply Chain and Purchase Control:
      • Evaluating the financial impact of supply chain decisions, such as sourcing materials from different suppliers or changing logistics partners.
      • Working with the procurement team to negotiate better terms with suppliers and optimize the supply chain to reduce costs and improve reliability.
   3. Cost Reduction Initiatives:
      • Identifying areas where costs can be reduced without compromising quality or production capabilities.
      • Implementing lean manufacturing principles, such as reducing waste, improving process efficiencies, and enhancing workforce productivity through targeted training programs.
   4. Capex Control:
      • Assessing the financial viability of proposed capital projects, such as new equipment purchases or facility upgrades.
      • Conducting cost-benefit analyses, projecting the return on investment (ROI), and providing recommendations to management on whether to proceed with the investment.
   5. Inventory Control:
      • Ensuring accurate inventory accounting and overseeing physical inventory counts.
      • Analyzing inventory turnover rates and identifying slow moving or obsolete inventory. Working with the supply chain team to optimize inventory levels and reduce carrying costs.
3. Cross-Functional Collaboration:
   1. Acting as a liaison between the finance department and other departments to ensure financial considerations are integrated into daily operational decisions.
   2. Facilitating regular financial review meetings with cross-functional teams to discuss financial performance and operational issues.
   3. Supporting new product development including cost estimation, price strategies and profitability analysis.

Requirements

• Honesty and integrity with respective manner
• Bachelor or above academic degree with major in finance, accounting or other similar disciplines.
• 5+ years of finance working experience in manufacturing.
• ERP skill, i.e. SAP FI/CO
• Strong Microsoft skills
• Excellent writing and communication skill in English and Chinese