Finance Manager

AM Global are delighted to be assisting our client with their recruit of a Finance Manager to join their growing business based in Middlesbrough.

Previous experience within manufacturing or construction is desirable for this role.

Job Role s & Responsibilities

Bookkeeping and financial record-keeping:
Maintain accurate and up-to-date financial records for Group of companies.
Process all purchases, including credit card transactions, and ensure proper handling of purchase orders.
Reconcile company bank accounts, cash, and vending machine records regularly.
Prepare and reconcile stock records as they are introduced.
Ensure that all financial data is accurately recorded in the system and resolve discrepancies promptly.

Project costing and reporting:
Work closely with the commercial department to send detailed project cost reports, ensuring costs are correctly allocated to the relevant projects.
Monitor and report on project budgets, identifying any variances or potential risks of cost overruns, and work with the team to address issues.

VAT and compliance:
Oversee VAT returns for the group of companies ensuring all VAT submissions are made on time and in compliance with HMRC regulations.
Keep up to date with changes in VAT rules and ensure that all filings are correct and submitted on time.

Work in progress (WIP) management:
Accurately track work in progress (WIP) across all projects to ensure proper revenue recognition and cost allocation in line with the percentage-of-completion method.
Review and ensure that unbilled work is properly recorded, impacting both project margins and cash flow.
Ensure WIP is reconciled regularly to avoid errors and ensure accurate reporting on the balance sheet.

Inter-company accounts:
Manage and reconcile inter-company transactions, ensuring that all transfers of goods, services, or funds between the companies are accurately recorded.
Regularly perform inter-company reconciliations to ensure there are no discrepancies between the companies' financial records and to prepare for group consolidation.

CIS:
Ensure that all CIS deductions are applied correctly to payments made to subcontractors, in compliance with HMRC requirements.
Prepare and submit monthly CIS returns to HMRC.
Ensure proper documentation and tracking of subcontractor details for CIS purposes.
Advise on any adjustments, refunds, or additional CIS-related transactions as needed.

Management accounts:
Prepare and submit monthly management accounts including:
PAYE reconciliations
Prepayments and accruals
Loan and hire purchase reconciliations
Accountancy journals for all three companies
Prepare draft and final management accounts for each company monthly, ensuring accuracy and timeliness.

Debtors and creditors control:
Manage the debtor and creditor accounts
Ensuring that payments are received and made on time.
Review and follow up on overdue accounts, liaising with clients and suppliers as necessary to ensure prompt settlement.

Payroll and pensions:
Oversee the processing of wages and pension contributions for all employees.
Ensure compliance with PAYE, national insurance, and pension regulations.
Ensure that all staff are paid accurately and on time, and that pension schemes are properly administered.

Cash flow and forecasting:
Work with the senior management team to prepare cash flow forecasts and ensure the business maintains sufficient liquidity to meet its operational needs.
Assist in financial planning and provide insights to support strategic decision-making.

Commercial focus:
Provide financial insights to help support the company’s commercial decisions, ensuring profitability and operational efficiency.
Work closely with project managers, the commercial team, and senior leadership to evaluate project costs, financial performance, and potential risks to ensure that the company’s commercial objectives align with its financial goals.
Support in making strategic business decisions, from cost control measures to optimising cash flow and working capital management.

Accountancy ad-hoc tasks:
Handle various ad-hoc finance tasks such as setting up accounts, making proforma payments, handling phone queries, and assisting with any financial matters for the leadership team.
Support the team with any other accountancy-related tasks as required.

Monday to Friday 8am - 4.30pm