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Financial Controller

  • Ref: KRSC140820
  • Bury
  • Posted: 4 weeks ago
  • Salary Expectation: £70,000

Availability/Notice Period: 3 Months


  • 2002 ACA Qualified
  • BSc Hons 2:1 Mathematics

IT Systems

  • Microsoft Word and Excel – Advanced
  • SAP
  • Cognos

Career Summary

Current Employer – Paint Manufacturer – T/O c £170m

Position – Financial Controller

Dates – November 2019 – Present

  • Manages three Direct Reports and has a Team of circa 20+ indirect reports – reports to the Finance Director
  • Responsible for audit and tax compliance, implementing phase 1 of Making Tax Digital for VAT
  • Provides technical accounting guidance including compilation of information to be used for initial analysis of the impact of the group transition to IFRS, specifically IFRS 16 Leases
  • Balance sheet responsibilities, identifying the need for a balance sheet transparency project
  • Completed account reconciliations and worked on changes to processes as necessary
  • Alongside relevant departments, collation of insurance information and liaison with Insurance Brokers and Group Insurance Team for the annual renewal of all insurances
  • Acts as the main point of contact for all banks, updating mandates and closing unused accounts


Previous Employer – Wholesaler – T/O £60m

Position – Financial Controller

Dates – November 2016 – November 2019

  • Managed a Team of eleven and reported to the Finance Director
  • Responsible for all aspects of financial control, improving and streamlining processes
  • Took a proactive management approach of aged debtor accounts, held review meetings with Credit Controllers, liaised with Sales and the Customer as necessary to ensure debts were collected, deductions fully challenged and uninsured debts managed transparently
  • Responsible for Supplier management and coordination with the Supply Chain and Buying departments to try to resolve issues, particularly with overseas Suppliers
  • Managed the completion of monthly management accounts and group consolidation, enhancing reporting where possible
  • Ensured accurate reporting of interest charges and intangibles / amortisation
  • Undertook monthly reviews and challenged internal costings, raising issues to protect the margin, feeding back to relevant departments and revaluing stock as necessary
  • Authorisation and timely payment of payroll, payroll related costs and supplier payments
  • Drawdown of invoice finance, currency forwards or purchase currency as necessary to assist with cash management
  • Acted as the main point of contact for external Advisors and professionals including Bankers, Insurance Brokers and Credit Insurers
  • Where relevant, coached individuals in other business areas to try to ensure compliance and efficient working


  • Developed the month end reporting process, reducing month end reporting by 4 days
  • Implemented various new processes and procedures within finance to improve the control environment, including system workflows to improve accuracy of invoicing, monthly business partnering meetings, control account reconciliations, and utilising system controls around payments to suppliers
  • Implementation of supplier invoice financing, working with the IT department and the bank to develop a process within the ERP system, testing of the process and interface with the banking platform and system documentation before go-live
  • In addition, liaising with suppliers as they were brought onboard, explaining the procedure, and dealing with any issues


Previous Employer – A Steel Company – T/O c £180m

Position – Financial Controller

Dates – September 2012 – October 2016

  • Managed a Team of four and had five indirect reports – reported to the Group Finance Director
  • Reviewed contract progress and WIP balances monthly, identifying potential issues and challenged the Commercial Team
  • Ascertained currency requirements for projects denominated in foreign currency and placed forward contracts and swaps to hedge against risk
  • Effectively managed cash flow on a day to day basis, co-ordinated with Commercial Teams to collect receipts
  • Produced weekly cash forecasts and liaised with banks to maintain the professional relationships
  • Oversaw a high-volume Purchase Ledger Team including a proportion of high-risk Suppliers and Subcontractors subject to the construction industry scheme (CIS)
  • Approved and managed payments out; dealt with Suppliers, Solicitors or Liquidators regarding disputes
  • Ensured compliance with all relevant tax regimes, including VAT, Intrastat, EC sales, Corporation tax, PAYE / NIC, CIS, Canadian HST/GST, and Canadian Income Tax
  • Produced monthly management accounts for UK companies and complete monthly group consolidation and reporting
  • Annually prepared individual departmental budgets with Budget Holders, obtained inputs from Commercial Teams for projects, assessed and updated overhead recoveries, accumulated into UK subsidiary budgets, and consolidated into group-wide budget and reported
  • Provided decisions on the implementation and development of a new ERP system for the UK businesses, being a key role in ensuring the accuracy and integrity of the system


  • Implemented additional reporting and actively developed and encouraged business partnering to promote cost and budget awareness and challenge budget holders on spend.
  • Delivered process and control improvements, such as implementation of a new business travel and expense policy and correct treatment of staff entertaining resulting in reduction in VAT and corporation tax liabilities
  • Following the acquisition of a supplier, managed the integration of business activities into the group from a financial perspective


Previous Employer – A Property Management Company  – T/O £40m

Position – Financial Controller

Dates – 2012

  • Improved the accuracy and efficiency of the payroll (for 750 staff) following the move to bring the function in-house by producing an annual timetable and monthly process
  • Identified weaknesses in the control environment and instigated new procedures to address the risk, including monthly review of the full balance sheet, review and sign off control account reconciliations and segregation of duties within the HR and payroll systems
  • Managing a team of 5 responsible for all aspects of staff performance and development


Previous Employer – A Utility Company

Position – Various Roles

Dates – 2003 – 2011

Commercial Finance Manager 2009 – 2011

  • Key finance role in the team managing the disposal of the non-regulated businesses, achieving enterprise value of £600m in 7 transactions


Senior Financial Analyst 2007 – 2009


Finance Manager 2005 – 2007


Senior Auditor 2003 – 2005


Previous Employer – PricewaterhouseCoopers

Position – Assistant Manager

Dates – 1999 – 2003