Finance Manager

Department: Finance

Location: Hammersmith, London

Working Hours: 8:00 am – 5:00 pm

Salary: Competitive

About Our Client: As the Finance Manager for our client, you will be integral in overseeing financial operations, ensuring the fiscal health of the organization, and contributing to the strategic direction, particularly in super-prime residential projects.

Key Responsibilities:

1. Financial Operations Management:
   • Lead and manage financial operations, overseeing payroll processing, expense management, accounts receivable, and financial reporting.
   • Ensure accuracy, compliance, and efficiency across financial functions to support organizational objectives.
2. Payroll Processing and Compliance:
   • Ensure accurate and timely payroll processing for employees and subcontractors, including tax calculations, pension contributions, and compliance with regulatory standards.
   • Collaborate with HR to maintain payroll records and address employee inquiries related to payroll matters.
3. Expense Control and Approval:
   • Oversee the review and approval of expense claims, reconciliations, and allocations, maintaining accuracy and compliance with company policies.
   • Implement controls to monitor and mitigate risks associated with expense management processes.
4. Accounts Management and Reconciliation:
   • Manage journal allocations, subcontractor invoices, and payments, conducting bank reconciliations and issuing accounts receivable as needed.
   • Reconcile accounts, including the cashbook, to ensure accuracy and integrity of financial data.
5. Financial Reporting and Analysis:
   • Prepare comprehensive financial reports and summaries, including monthly management accounts and annual statutory accounts, to provide insights for decision-making processes.
   • Analyze financial data to identify trends, variances, and opportunities for improvement, supporting strategic planning initiatives.
6. Regulatory Compliance and External Communication:
   • Ensure compliance with financial regulations and standards, including liaising with external agencies such as HMRC and regulatory bodies.
   • Communicate effectively with external stakeholders, including the external Accountancy Firm, to address financial matters and regulatory requirements.
7. Project Finance Oversight:
   • Manage project finance, including monitoring progress and cash flows, and ensuring alignment with project budgets and financial goals.
   • Provide regular updates to the leadership team on project financial performance and contribute to strategic decision-making.
8. Process Improvement and System Enhancement:
   • Identify opportunities for process improvements and efficiency enhancements in financial operations, including the upgrade of the current accounting system to accommodate business growth.
   • Implement best practices and technologies to optimize workflows and enhance financial management processes.
9. Professional Development and Leadership:
   • Stay updated on industry trends, regulatory changes, and emerging technologies in finance and accounting, continuously enhancing skills and knowledge.
   • Lead and motivate finance teams, fostering a culture of excellence, accountability, and collaboration to achieve organizational goals.
10. Audit Preparation and Compliance Assurance:
    • Prepare for annual statutory audits, including the compilation of necessary documentation and addressing audit queries to ensure compliance and accuracy in financial reporting.
    • Implement internal controls and processes to mitigate risks and ensure adherence to audit standards and regulatory requirements.

Skills & Requirements:

• Bachelor’s degree in finance, Accounting, or related field (Master's degree preferred)
• Proven experience in financial management, preferably in the construction or real estate industry
• Strong understanding of budgeting, financial analysis, and forecasting techniques
• Excellent knowledge of financial regulations and compliance standards
• Proficiency in financial software and Microsoft Office suite
• Exceptional analytical and problem-solving abilities
• Effective communication skills with the ability to liaise with diverse stakeholders
• Detail-oriented mindset with a focus on accuracy and precision
• Proactive approach to identifying and addressing financial challenges.

Company Benefits:

• 23 Days Holidays (3 Holidays during Christmas shutdown period)
• Birthday Leave – 1 additional day off to celebrate your birthday
• Length of Service Leave – 1 extra day of holiday for each year worked (up to 5 additional days)
• Company events and parties
• NEST Pension scheme – Contribution of 3%.