CHIEF FINANCIAL OFFICER (CFO)
Location: Halifax
About our client
Our client is a UK leading vertically integrated designer, manufacturer and distributor of high-quality bathroom products with a turnover of £100m
Role description
As a member of the Executive team, the role of CFO is key in helping to define and implement the business strategic that is focused on delivering long term profitable growth to drive shareholder value. The role would benefit from experience of driving performance within manufacturing business – both in the UK and overseas.
The role includes lead financial responsibility for all the Group with finance teams reporting in from sites and entities around the UK, in China and the UAE. Experience in Group reporting (and consolidation) is required. The role has day-to-day lead responsibility for managing all the finance activities of the Group and liaising with key stakeholders – both internally and externally (including bankers and auditors). Specific areas of responsibility include:
- Financial Reporting (including monthly group and entity management accounts, external audit requirements and bank (covenant) reporting). This includes identifying margin improvement and cost saving opportunities.
- Group Budgeting and Forecasting (including rolling forecasts)
- Cashflow Management & Reporting (including management of the credit control and purchase ledger teams).
- Financial Analysis (including margin performance monitoring, CAPEX business case approval).
- Financial Compliance (including all aspects of financial governance).
- Compliance and Management of all taxation matters.Chairing subsidiary monthly Board meetings.
Key skills
The key skills required within the role include:
- Strong inter-personal skills experienced in building and developing effective teams, leading and inspiring by example and confidence to engage pro-actively with all areas of the business.
- The ability to operate within a dynamic and fast-paced environment. The small leadership team means that strategic decisions tend to be taken relatively quickly with short delivery lead times
- Experience in working with funding partners (banks) and the track record of raising capital/debt funding would be an asset.
- Experience operating in a SAP based reporting environment.
The individual must be a qualified accountant (preferable ACA) with ideally at least 10 years post qualification experience gained in a similar business.
The finance team
The role of CFO has two experienced UK (Halifax based) direct reports who manage a team of 15 in the UK and 8 overseas.
The two direct reports are:
- Commercial Finance Director leading all overseas entity financial reporting and managing all financial matter relating to UK manufacturing. The role includes leading all commercial/finance matters relating to gross margins, product costings, supporting pricing as well as direct lead in relation to importing regulations and customs. The individual has >10 years’ experience within the Group.
- Financial Controller leading all UK entity reporting as well as responsible for group consolidation, compliance and audit. The Financial Controller leads all the UK team including the credit control and purchase ledger teams and has lead responsibility for all reporting matters. The individual has >10 years’ experience within the Group.
Remuneration package
The remuneration package includes an indicative basic salary of £100k p.a. (this is subject to experience) plus employer pension contributions of 10%.
The package includes participation in the Quarterly Executive Bonus Scheme (subject to achieving budget targets) providing up to 0.4% of Group EBITDA. Whilst conditional on achieving budget-based EBITDA targets, this Scheme has paid out in full over recent years (in 2024 this equated to £48,000).
The package also includes private medical insurance and 2x Death in Service cover.
If you feel you have the relevant experience, we'd love to hear from you. Apply today!
