Financial Controller

ELP Consult; Norwich; On-site; GBP 50,000 - 70,000; Full time

Job summary

A global manufacturer in Norwich is seeking a talented Financial Controller. The role involves financial planning, reporting, compliance, and collaboration with operational teams. Candidates should have a Bachelor's degree in finance or accounting, and over 5 years of manufacturing experience. Bilingual proficiency in English and Chinese is essential for effective communication within the company.

Qualifications

• 5+ years of finance experience in manufacturing.
• Strong writing and communication skills in English and Chinese.

Responsibilities

• Develop and oversee budgets and financial forecasts.
• Prepare and present financial reports including income statements and balance sheets.
• Establish and maintain internal control systems.
• Analyze production data to identify bottlenecks in manufacturing.
• Evaluate financial impact of supply chain decisions.

Skills

Financial Planning

Variance Analysis

Data Analysis

Compliance

Internal Control Systems

Cost Reduction Initiatives

Cross-Functional Collaboration

ERP System (SAP FI/CO)

Microsoft Office Suite

Bilingual in English and Chinese

Education

Bachelor's degree in Finance or Accounting

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

• 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.
• 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.
• 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.
• Operational Support:
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • Cross-Functional Collaboration:
    • Acting as a liaison between the finance department and other departments to ensure financial considerations are integrated into daily operational decisions.
    • Facilitating regular financial review meetings with cross functional teams to discuss financial performance and operational issues.
    • 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