Head of Department (HOD) - Finance & Accounts

New Grameen Motors Ltd.; United Kingdom; On-site; GBP 60,000 - 80,000; Full time

Job summary

An automotive company in the United Kingdom is seeking a Finance Manager to lead the Finance & Accounts function. Responsibilities include overseeing financial reporting, ensuring statutory compliance, managing budgeting and forecasting, and providing strategic financial insights. The ideal candidate will have proven experience in finance management and a strong understanding of accounting standards. This role provides an opportunity to drive financial strategy and support business growth.

Qualifications

• Proven experience in finance and accounts management.
• Strong knowledge of accounting standards and compliance.
• Ability to analyze financial data for strategic decision-making.

Responsibilities

• Lead and manage the Finance & Accounts function.
• Oversee preparation of financial statements.
• Ensure compliance with statutory requirements.

Job description

Overview

To lead and manage the Finance & Accounts function, ensuring accurate financial reporting, statutory compliance, effective financial planning, cost control, and strategic financial support to management.

Responsibilities

• Oversee preparation and finalization of monthly, quarterly, and annual financial statements.
• Ensure accuracy of books of accounts in compliance with applicable accounting standards.
• Manage budgeting, forecasting, and variance analysis.
• Provide financial insights and MIS reports to support strategic decision-making.

• Ensure compliance with statutory requirements including GST, Income Tax, TDS, PF, ESI, and other local laws.
• Coordinate with statutory, internal, and tax auditors; ensure timely completion of audits.
• Implement and monitor internal controls and accounting policies.

• Oversee direct and indirect tax compliance, filings, and assessments.
• Handle tax planning to optimize tax liabilities within legal frameworks.

• Manage cash flows, working capital, and fund utilization.
• Oversee banking operations, credit facilities, and negotiations with banks/financial institutions.
• Ensure timely payments to vendors and statutory authorities.

• Monitor costs and identify opportunities for cost reduction and efficiency improvements.
• Analyze product/service profitability and recommend corrective actions.

• Lead, mentor, and develop the finance and accounts team.
• Set performance goals and ensure effective delegation of responsibilities.

• Support management in strategic planning, investments, mergers, or expansion activities.
• Evaluate financial feasibility of projects and prepare business cases.

• Ensure financial risk management and compliance with corporate governance standards.