(MP22) Finance Director

North East | Competitive & Negotiable

Our client is a well-established Commercial Property Development business who are looking to appoint a Finance Director into their business, based out of their office in the NE.

The postholder of the role has responsibility for all financial accounting matters pertaining to the business. This includes but is not limited to financial reporting, planning, budgeting, controls, compliance.

The role reports into the Group Property Director (GPD). The role has dotted line reporting to the Group Financial Controller and Group Finance Director.

The post holder will have line managing responsibility for a team of three including, the Division’s Financial Controller (FC), Management Accountant and Purchase Ledger Clerk.

Key Responsibilities
The postholder will be the primary point of contact for all financial accounting matters for the Senior Management Team (SMT) of the Development Business and also the wider Group.

They will play a key part of the Divisional SMT, providing accurate, reliable and robust financial information on a regular basis in order to drive decision making which positively benefits the business and Group.

They will build strong relationships with the Group CEO, Group FD, Group FC and the Group Finance teams.

Through effective line management of the Divisional FC, the postholder will be responsible for ensuring the delivery of timely, accurate and reliable financial management information on a monthly basis to the GPD and Group Finance. This will include (but not limited to): divisional management accounts pack, reconciled financial reporting to Group Finance, and monthly commentary (including working capital).

The postholder will manage the delivery of the Division’s annual budget, five year plan and quarterly re-forecasts, all in accordance with the Group timetables.

They will coordinate the preparation of monthly cash flow forecasts for review with the GPD and submission to Group Finance.

Working closely with the project leaders, they will take a lead role in the preparation of development appraisals and financial models, utilising key appraisal techniques such as IRR, NPV, DCF, ROCE etc to allow new prospects to be assessed for viability compared to Group investment hurdles and facilitate suitable monitoring processes. The postholder should seek opportunities to improve the financial knowledge and skillset of the wider Division through inclusive explanation and tuition.

They will assist the Managing Director with project work as directed and be capable of delivering and presenting such projects to the highest level of management.

The postholder is responsible for the Division’s system and control environment; constantly striving to ensure it is of a standard befitting a listed PLC. They will ensure suppliers are paid in accordance with agreed terms, relevant filings & returns are submitted on time, and transactional accounting is in accordance with relevant IFRS. Relevant filings include but not limited to VAT, CIS, Corporation Tax.

They will liaise with the Group auditors to ensure a smooth annual audit process, completed in line with Group reporting timeframes. They will assist in the preparation of the annual statutory accounts of corporate entities within their division and corporate tax computations for review by Group Finance.

They will take an active role in identifying tax compliance and planning, including claiming of available tax credits such as Land Remediation Relief and preparation of partial exemption calculations for VAT.

The postholder will play an active part in the management of the Division’s joint ventures (JVs), providing financial insight and services to the JVs as required.

Co-ordinate the annual performance reviews and development plans for the Division’s finance team.

Skills Required:
  • Relevant accountancy qualification (ACCA/ACA/CIMA) with at least 3 years’ post qualified experience.
  • A strong working knowledge of ERP systems and Microsoft Excel is essential.
  • Knowledge of the property development sector including the application of relevant IFRS is preferable, however post qualification experience in industry is essential.
  • Experience of project cost control and budgeting is key to ensuring successful on time and on budget delivery of the Division’s projects.
For further information on this opportunity or to have a confidential conversation, please contact Sam Ferris on 07463 423309 or email Sam