Financial Processing Manager

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Job Type Permanent
Location Chelmsford, Essex
Area Essex, England
Sector Construction - Mechanical Engineering (M&E)
Salary £30,000 - 35,000 + Benefits + Disc. Bonus
Currency GBP
Start Date
Advertiser Chris Drake
Job Ref CD55517041
Job Views 772
Expanding, innovative Engineering Group is currently looking for a Financial Processing Manager to manage a team of 5 and ensure best practice within the AP, AR and Cash Management functions. 
This is a newly-created role owing to the Group’s continued growth and the introduction of a new UK Head Office finance structure.
Reporting directly to the Financial Controller, the Financial Processing Manager will be responsible for:
•       Daily AP and AR invoice and credit note approvals.
•       Reviewing and approving the weekly payment runs.
•       Preparing the weekly 12 month group rolling cash flow forecast
•       Preparing bank reconciliations
•       Preparing accruals and prepayments
•       Meeting the month-end close deadlines and preparing supporting schedules for US parent company
Additional responsibilities for the Financial Processing Manager include:
•       Ensure ledger balances for the offshore subsidiary company are reconciled monthly and carry out the reconciliation of their Management Accounts.
•       Perform quarterly bad debt reviews.
•       Responsibility for the timely and accurate postings and settlement of all invoices, personal expenses and corporate credit cards
•       Prepare group VAT returns / EC sales and Intrastat.
The Financial Processing Manager will also:
•       Be accountable for GRNI and Preliminary invoice levels
•       Identify and review credit notes > $50k to ensure SOX process has been followed.
•       Prepare balance sheet reconciliations as allocated for review.
•       Assist in Sarbanes-Oxley internal/external audits as and when required.
•       Assist in quarterly and annual audits as and when required.
As part of the new finance structure, the Financial Processing Manager will need to mould the team from 2 formerly separate divisions which will require standardisation of processes and systems and team development/motivation.  Prior experience of a similar exercise or change management exposure would stand you in good stead.
Suitable applicants for the role should also have:
•       Be a Part Qualified CIMA or ACCA with team management experience within a blue-chip/corporate environment
•       Demonstrable knowledge of accruals/prepayments and completing month-end returns
•       Experience of identifying and implementing financial process improvements and operating within a strict financial control environment
•       Good VAT knowledge with the ability to grasp international VAT arrangements
•       Experience of compliance within a best practice environment
This is an excellent opportunity to take on an integral role within a forward-looking and ambitious organisation. 
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