Job Title: Head of Finance – Retail
We are seeking a highly skilled and experienced Head of Finance to lead our financial operations, drive financial stability and growth, and provide strategic financial leadership.
The ideal candidate will have a proven track record in financial planning, forecasting, data analytics, risk management, compliance, and leadership. They will oversee the company's financial strategy, develop policies & procedures, and lead the finance team.
A critical role within our business, this senior position requires expertise in financial planning, forecasting, data analytics, risk management, compliance, and leadership.
Key Responsibilities:
Strategic Financial Leadership:
* Develop and implement financial strategies aligned with the company's goals and objectives.
* Work closely with the CEO and executive team to provide financial insights and advice on business decisions to drive growth and profitability.
* Lead long-term financial planning and analysis to support business objectives and ensure that all financial targets are met.
* Identify and mitigate financial risks and opportunities.
Financial Planning and Analysis:
* Oversee the preparation and presentation of budgets, forecasts, and financial models to senior members of management and board members.
* Analyse financial performance, trends, and variances to make actionable recommendations.
* Present weekly, monthly, quarterly, and annual financial reports to the executive team and board of directors.
* Monitor key financial metrics and KPIs to ensure the company's financial health.
Financial Operations and Management:
* Ensure accurate and timely processing of accounts payable, accounts receivable, payroll, and general ledger activities.
* Supervise treasury functions to optimise cash flow, liquidity, and working capital.
* Manage capital structure and relationships with banks, lenders, and other financial stakeholders.
* Oversee tax planning, reporting, and compliance with relevant tax authorities.
* Implement effective working capital management practices.
* Prepare and oversee financial audit process and annual financial statements.
Risk Management and Compliance:
* Ensure compliance with financial regulations, industry standards, and internal policies.
* Monitor internal control systems to safeguard the company's assets and ensure integrity in financial reporting.
* Monitor external legal contracts and services provided by suppliers to ensure that these are operating effectively.
* Lead external audits and liaise with auditors to ensure smooth execution and resolution of audit findings.
* Stay informed about economic, regulatory and industry changes that may impact the company's financial health.
* Keep abreast of technological advancements in financial systems to enhance efficiency and accuracy.
Team Leadership:
* Lead, mentor, and develop the finance team, ensuring high performance and continuous improvement.
* Foster a culture of accountability, innovation, and collaboration within the finance department.
* Set objectives, conduct performance reviews, and identify training needs to build a strong, cohesive finance team.
* Manage relationships with external auditors, insurers, banking, and regulatory bodies.
Stakeholder Engagement:
* Act as the primary contact for external stakeholders including investors, auditors, tax authorities, and regulatory bodies.
* Work with other department heads to ensure alignment of financial and operational strategies.
* Communicate financial updates and strategy to the board of directors and investors.
* Own and manage key partnerships across key areas like utilities, insurance, legal and sustainability.
Skills and Qualifications:
* Internationally recognised professional accounting qualification (e.g. ACA).
* Minimum 10 years post qualification experience, with at least 4 years in a leadership finance role within the retail industry.
* Bachelor's degree in Finance, Accounting, Economics, or a related field.
* Proven ability to work under pressure and think laterally in dealing with a wide range of financial issues within tight timelines.
* Proven experience in financial planning, budgeting, and reporting.
* Extensive knowledge of financial regulations, accounting standards, and risk management practices.
* Proficiency with financial software and ERP systems (e.g. SAGE SAP, Oracle, QuickBooks).
* Advanced knowledge of Excel for financial modelling and analysis.
* Familiarity with accounting and financial reporting tools.
* Exceptional leadership, communication, and interpersonal skills.
* Ability to lead and motivate a team, manage conflicts, and drive performance.
* Strong analytical thinking with a focus on problem-solving and decision-making.