Head of Finance

ICL Group; Saltburn by the Sea; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading industrial company in Saltburn by the Sea is seeking a Head of Finance to oversee financial management, drive budgeting, and lead a diverse finance team. The ideal candidate will have a strong background in finance, with at least 5 years of experience, a relevant degree, and proficiency in SAP. This role is critical to ensuring timely financial reporting and compliance with regulations. Competitive salary and comprehensive benefits are offered.

Qualifications

• Minimum of 5 years of relevant working experience.
• Minimum 5 years of business controlling experience.
• Understanding of regulatory and compliance issues pertaining to financial activities.

Responsibilities

• Oversee the financial management and reporting for ICL Boulby.
• Drive and manage the preparation of the budget and forecasts.
• Participate in the development of a strategic business plan.
• Control and calculate transfer prices and manage energy positions.
• Lead the insurance process in the UK.

Skills

Strong problem-solving skills

Strong interpersonal skills

Innovative thinking

Strong analytical skills

Appreciation of Pension Fund legislation

Education

BA/MA degree in Economics, Finance, Business Administration

Certified Public Accountant

Tools

SAP (SD, MM, FI-CO modules)

Job description

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The role of Head of Finance is to efficiently and accurately oversee the financial management of ICL Boulby. The Head of Finance will be a talented, professional, and experienced individual, capable of managing a diverse list of tasks as well as leading the finance team. This role involves, Financial closing & business performance, Strategic business planning, Capex control and Economics.

The ideal candidate will have a proven record ensuring that the financial affairs of companies are properly conducted and that audited accounts and tax returns are prepared to time and in accordance with statutory and regulatory requirements in cooperation with Europe operational and professional finance hub.

The Main Responsibilities:

• Monitor and analyze, overall responsibility the monthly and quarterly closing and reporting requirements.
• Responsible for statutory reports and the interfaces with local auditors.
• Comply with the provision of the appropriate regulations and ICL accounting policy.
• Review stock movements and perform impairment testing on inventory
• Drive and manage the preparation of the budget and forecasting for ICL Boulby. Analyze and control actuals, budget, and forecasts performance.
• Running annual impairment test.
• Participate in the development of a strategic business plan and annual long-range plan for ICL Boulby to meet ICL’s corporate objectives including the derived CAPEX plan and cashflow generation plan.
• Lead the economic validation on business cases for CAPEX.
• Assist in planning, optimization and coordination CAPEX including feasibility studies, NPV, payback and IRR calculations for investment proposals.
• Analyze the plant's operations to evaluate performance and determine areas of potential efficiencies, program improvement or policy change
• Prepare management reporting including fixed costs, distribution costs, product costing, production efficiency calculation, margin analysis and KPIs for ICL Boulby plant and Teesdock operations.
• Assists in the preparation of benchmark studies.
• Provide ad hoc advice to business partners actively driving business performance analysis

The General Duties:

• Cascade and control the finance KPI's.
• Stakeholder management and relationships with the trustee of the Defined Benefit pension plans.
• Finance lead in the UK will be also potentially appointed as Director in ICL subsidiaries.
• Control and calculate the transfer prices of finished products sold and raw materials.
• Manage the Company’s electric, gas and carbon positions.
• Ensure that effective information systems process, and budgets are drawn up for the operation and that timely and accurate reports and analysis (including Cost Per Ton) on company performance are produced for the leadership team and management.
• Analyze the operations to evaluate performance and determine areas of potential cost reduction, program improvement or policy change.
• Provide ad hoc advice to business partners based on performance analysis.
• Develop and train the Units finance team.
• Strong relationships and cooperation with the Regional HQ in The Netherlands.
• Lead the insurance process in the UK (renewals of coverage together with the ICL insurance team), including different aspects like claims, settlements etc.
• Oversee as main stakeholder the Royalties payment calculation to the UK Crown and the following annual audit made by the UK authorities.
• Part of the management team that engages with the labor union on site (including wage increases negotiations).

Education and Experience:

• BA/MA degree (. Economics, Finance, Business Administration).
• Certified Public Accountant.
• Minimum of 5 years of relevant working experience, minimum 5 years of business controlling
• Experience with SAP (SD, MM, FI-CO modules)
• Understanding of the regulatory and compliance issues appertaining to the Company’s financial activities and reporting.

The Required Skills:

• Strong problem-solving skills.
• Strong interpersonal skills.
• Innovative thinking.
• Strong analytical skills.
• Appreciation of Pension Fund legislation.