Finance Manager - Saab Seaeye

Saab UK; England; On-site; GBP 40,000 - 80,000; Full time

Job description

Job Description

Introduction

Saab UK is part of Scandinavia's largest defence company, bringing together the best of Swedish and British innovation. Saab offers world-leading solutions and services in defence, aviation, space, and civil security to keep people and society safe. Our UK presence has been growing at pace, meaning we can offer a wide range of opportunities for personal fulfilment and career growth. We currently employ over 600 people across eight sites in the UK, and our specialisations include software engineering, underwater robotics, radars, AI, and armed forces training.

As part of the global entity Saab AB, Saab UK combines the innovative spirit of a start-up with the resources and expertise of a larger corporation. Globally, Saab employs over 24,000 people, with operations on every continent. Our partnerships with UK customers and industry mean we are able to deliver innovative solutions to complex challenges, anticipating the threats of tomorrow. We invest 23% of our annual revenue into research and development, collaborating with a range of partners including industry and academia.

Saab is a company that offers our employees plenty of opportunities for growth and advancement. We embrace diversity and are committed to providing a workplace where individuals can thrive professionally, paving the way for future progression. We also recognise the need for a healthy work-life balance to ensure our staff have the chance to live a fulfilling life beyond the workplace.

The Role:

Reporting to Head of Finance at Saab UK, this role will have responsibility for the production of accounts and input to Saab UK. Providing strong financial and commercial support to the management team at Saab Seaeye.

Key Responsibilities:

1. Responsible for extracting and analysing key financial data to support the creation of company budgets, accurate project costings and margin calculations. Collaborate closely with the Finance team to ensure effective control and oversight of financials, while ensuring a clear understanding of the financial performance across all projects.
2. Pro-actively manage cash flow and working capital movements ensuring that tight financial control is maintained in relation to all key financial issues and that all financial obligations are met.
3. Produce, assess, streamline and ensure accurate and timely production of all financial information including monthly Management reports, annual statutory financial statements, financial reporting, the Annual budget and forecasts.
4. Ensure all financial reporting requirements are met, providing accurate and timely financial information to support informed business decisions, particularly during periods of change, shifting demands and organisational transformation.
5. To provide Management support and guidance to members of the finance team encouraging collaboration.
6. Help manage the finance team in an effective and professional manner.
7. To provide a key and credible interface with the stakeholders and employees of the business and with external professional advisers.
8. To liaise with the Financial controller and members of the Management team to formulate financial targets for the business including KPI and budgets in accordance with the strategy determined by the Board.
9. To ensure Financial Controls are robust and in line with Saab ICM requirements, and ensure approvals follow the published Saab UK DOA.
10. To maintain relevant registers of financial commitments including any leases or other contracts.

Daily Tasks will include:

1. Monthly accounts closing procedure and reporting.
2. Payroll journal.
3. Balance Sheet & Stock reconciliations.
4. Cost of sales calculations.
5. Bad Debt provisions.
6. Prepayments, Accruals and Provisions.
7. Creditors and supplier reconciliations.
8. Provisions.
9. Fixed asset ledger maintenance.
10. Interco balance reconciliations.
11. Sales revenue recognition.
12. Long term contracts cost and revenue recognition along with Deferred revenue and WIP.

Qualifications and Skills:

1. Qualified Accountant (CIMA/ACA/ACCA).
2. Degree or equivalent.
3. Accounting/ Management Accounting.

By submitting an application to Saab UK you consent to undertaking workforce screening activities that may include but are not limited to: Baseline Personnel Security checks, National Security Vetting, reference checks, verification of working rights and in all circumstances preferred candidates will be placed through a security interview.