Group Finance Manager

Group Finance Manager – Treasury

Welcome Break Support Centre, Newport Pagnell, Milton Keynes, Buckinghamshire, MK16 9EZ

The Group Finance Manager role provides vital support to the business with debt refinancing projects; it’s a key role in the team which is responsible for managing operational cash balances and ensuring compliance with loan agreements.

The Group Finance Manager role offers hybrid work, with a requirement to commute to Newport Pagnell, Milton Keynes. Hybrid options will be discussed during the interview.

This role will report to the Group Financial Controller and be responsible for financial reporting and forecasting for cash flow, balance sheet, and bank covenants.

• Month end cashflow reporting for the Welcome Break group to the Applegreen parent company
• Production of board pack slides for the above for Business Review Meetings and Board Meetings
• Monthly preparation of cashflow and covenants forecasts
• Monthly preparation of interest accruals and other journals connected with net det (finance lease interest, effective interest, intercompany interest etc)
• Preparation of daily cashflow models and monitoring of operational cash balances and covenant headroomli>
• Half yearly bank reporting to lenders (actuals versus budget and prior year) and preparation of covenant certificates
• Input and reconciliation of cashflow forecasts in parent company forecasting software
• Support to the business with ad hoc transformation projects that drive improvements in working capital
• Ownership of external and internal audit requests related to the above areas
• Maintain good working knowledge of FRS
  102 and IFRS with respect to financial instruments
• Preparation of accounting memos for auditors and group finance for new material transactions associated with financial liabilities, cash, working capital etc
• Assist in the production of statutory accounts with disclosure for financial instruments, net debt etc
• Responsible for responding to regular Know Your Customer (KYC), Environmental, Social, and Governance (ESG), and other requests from lenders
• Liaison with the Jersey lawyers in respect of changes to Eurobond listed debt and preparation of board minutes for the same.
• Support with refinance projects including utilisation requests for existing funding arrangements

Key roles and teams that the role holder will interface with include:

• Operational Finance
• Other members of the Financial Control team
• Development Team
• Applegreen Group Finance
• Internal and External auditors
• Loan Facility Managers
• Regional Finance Managers

Performance in the role will be measured through half yearly review of Objectives and Key Results (OKRs) related to the above.

• Qualified Accountant 3+ years PQE – ACA, ACCA, CIMA or equivalent
• Strong knowledge of IFRS / FRS 102 accounting standards
• Previously worked in a group finance function preparing management reporting and forecasting, ideally for cashflow, net debt and banking covenants
• Prior experience accounting for financial instruments, ideally with hedge accounting
• Used to preparing technical papers for senior managers and / or auditors setting out accounting standard implications for new transactions
• Previous experience in projects driving reductions in working capital
• Excellent Excel skills with previous experience building financial models

• Ability to work under pressure & meet tight deadlines
• Ability to work on own initiative & prioritise workload whilst working as part of a larger teams.
• High integrity and confidentiality essential
• Self
  -motivated
• Works well and is calm under pressure

• Competitive salary plus bonus
• 30 days’ holiday increase with service
• Contributory pension (after 3 months)
• Employee discounts (50% off onsite KFC, BK, Starbucks and Pizza Express to name a few)
• My Welcome Break discounts - savings at hundreds of retailers
• Structured career path and bespoke training
• Free on-site parking across the business
• Generous discounts on hotel rooms for you and family members