Interim Chief Financial Officer

Parkinson Lee
13 Nov 2017
16 Nov 2017
Contract Type
Full Time
Parkinson Lee Executive Search are currently looking to appoint an Interim CFO on behalf of a significant manufacturing/engineering organisation based in South Yorkshire.

Reporting to the CEO, an opportunity now exists for a new CFO to join the board of business and play a key role in the successful turnaround of the company. The role will take full ownership for the full day to day financial management of the group. Leading a team of 22 the key responsibilities will include:

*Assist in formulating the Group's future direction and supporting tactical initiatives
*Develop financial and tax strategies
*Manage the Capex and budgeting processes
*Develop and maintain performance measures that support the Group's strategic direction
*Participate in key decisions as a member of the Group Board
*Maintain in-depth relationships with all members of the management team
*Manage key stakeholder relationships including the financiers and auditors *Maintain rigorous control over costs
*Manage FX hedging and export finance transactions (to protect the profit levels resulting from long term commitments) so as to ensure achievement of the forex benefits in the budget
*Ensure invoices are issued on time and controls in place to ensure queries are resolved and cash is received in line with the contract terms
*Maintain and enhance the Group's finance policies
*Manage the finance, accounting, payroll and IT teams
*Manage the financial operations of subsidiary companies and foreign operations
*Implement finance best practices
Financial Information:
*Oversee the issuance of financial information
*Report financial results to the Group and Executive Boards
*Provide the required reports on schedule to the Asset Based Lender
*Provide accounts and KPIs for the Board report in line with the Group Board calendar.
*Produce statutory accounts
*Undertake cash and working capital management and reporting as required under the ABL agreement
*Support the control and reporting of project initiatives
Risk Management:
*Construct and monitor reliable financial control systems
*Maintain appropriate insurance cover
*Ensure the company complies with all legal and regulatory requirements
*Ensure that record keeping meets the requirements of auditors and government agencies
*Report risk issues to the Group board
*Maintain relations with external auditors and investigate their recommendations and findings
*Maintain a currency hedging policy and ensure compliance
*Monitor cash balances and maintain rolling cash flow forecasts
*Develop funding solutions to meet the needs of the Group
*Negotiate and maintain financing facilities

The successful candidate will be a proven professional interim CFO/Finance Director with a substantial track record of financial management within the Manufacturing Sector, ideally gained within an exporting environment.
Proven transformational leadership experience is a must and in addition business turnaround and international trade/exporting would be a distinct advantage.
In addition the successful CFO will have a demonstrable track record of managing and leading banking and financing relationships.
You will have first rate interpersonal and communications skills and possess the knowledge, gravitas and professionalism to build relationships quickly and influence at all levels both internally and with a range of external stakeholders.
For a confidential conversation about this opportunity please call Lee Bhandal at Parkinson Lee Executive Search on ************* or click apply.

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