Finance Director

Job Title:

Finance Director 

Business Unit:

East Grinstead Group -including Fire Testing Technology Ltd, FTT Inc, Sircal Instruments UK and Aitchee Engineering Ltd.

Reports To:

Geschäftsführer

Objectives / Purpose of Job:

The Finance Director will assume full responsibility for all financial aspects of the combined Fire Testing Technology businesses, including hands-on management of the accounting functions and IT systems. The Finance Director will be a member of the Senior Management Team, providing reports and analysis which will help steer decisions to achieve the most profitable results for the Company.

Key Activities / Responsibilities:

The Financial Director leads all financial planning and analysis, including forecasting, budgeting, and cash flow management. Key tasks include:

Strategic Support

• Form a close working relationship with the Managing Director and other Senior Executives.
• Contribute to the development of company strategy across all areas of the business, challenging assumptions and decision-making as appropriate and providing financial analysis and guidance on all activities, plans, targets and business drivers

 

Business Analysis

• Further develop departmental dashboards, tracking KPIs linked to strategic goals and reporting on variances in performance at end of month.
• Prepare annual and long-term budgets and forecasts, as well as monthly variance reports.
• Identify opportunities for margin improvement and cost savings across the business.
• Plan and manage cash flow.

 

Financial Leadership

• Develop the Finance and Accounting strategy, to optimise the company’s financial performance and eliminate inefficiencies.
• Ensure that company financial and IT systems are robust, compliant and support current activities and future growth.
• Manage and lead the finance team through month-end, year-end and annual budgeting and forecasting.
• Work with various departments to help them plan and manage their own budgets.
• Provide guidance to local management on technical accounting issues
• Develop and support the finance team, including recruitment and performance management.

 

Information Systems

• Take overall responsibility for FTT’s information systems, including the EFACS ERP system.
• Ensure data quality in EFACS, working with all levels of the business to align processes with reporting requirements and secure compliance with those processes.
• Work with EFACS provider to develop and update company-wide dashboards and reports as required by Managing Director and other Senior Executives.
• Work with IT providers in continual improvement and development of EFACS and other management reporting processes, including upgrades of software and infrastructure.

 

Accounting

• Oversee day-to-day accounting functions, including payroll and VAT.
• Oversee preparation of monthly company accounts and associated reporting pack.
• Present and discuss the weekly/monthly results with the Leadership Team and Group Head Office.
• Preparation of annual financial statements, including working with our AIM listed parent as required.
• Apply group policies regarding sales recognition, depreciation, capital requirements, etc., as appropriate.
• Management of year-end audit process and auditor relationship.
• Preparation of R&D Tax credits claim.

 

Other responsibilities

• Responsible for payroll and related employee benefits and schemes
• Main point of contact for group insurance renewal.
• Main point of contact for banks, auditors and other financial advisors.
• Main point of contact for government surveys (e.g., Office for National Statistics).
• Ad hoc project work as deemed necessary by the business.

 

Company Values:

All team members are expected to consistently promote and embody Fire Testing Technology’s core values:

• Innovation
• Collaboration
• Responsibility
• Quality

• Diversity