The posting
Purpose:
To be responsible for the company's financial reporting, statutory compliance & financial health.
General duties include:
- Lead and manage the preparation and submission of monthly Management accounts, financial statements and reports that are created in accordance with both UK and US generally accepted accounting principles (GAAP).
- Ensure compliance with Sterimedix & Bausch + Lomb internal financial and accounting policies and procedures.
- Create monthly and annual reports to identify results, trends and financial forecasts.
- Lead and manage all Finance statutory reporting requirements of the business, ensuring deadlines are met including but not limited to VAT, Taxation, Statutory Accounts.
- Manage & prepare supporting information for the annual audit with the approved external auditor.
- Manage & prepare all supporting information, reports and uploads for Bausch + Lomb reporting
- Document and maintain complete and accurate supporting information for all financial transactions
- Develop and maintain financial accounting systems for Sterimedix.
- Manage the reconciliation of bank accounts and cash flow providing weekly and monthly reports and forecasts where required.
- Manage the reconciliation of Sterimedix MRP (ERP) System and Accounting System
- Manage the maintenance of the Finance system fixed asset register.
- Lead & manage the review of weekly, month & quarterly results and implement variance reporting comparing to budget & forecasts in both UK & US GAAP.
- Lead the review & reconciliation of all associated payroll elements in line with all company & statutory deadlines.
- Participate as a member of the management team.
- Assist the Plant Manager and EMEA Finance Director with financial reporting as required.
- Manage and prepare Operational quarterly forecasts and submit to Corporate Finance.
- Lead the continuous improvements for accounting systems.
- Review all financial plans and budgets regularly to look for performance, margin & profitability improvement opportunities.
- Finance team leadership, development & management.
- Other items as needed / directed by Bausch + Lomb, Sterimedix & functional senior management.
- Own and maintain inventory valuation processes, ensuring raw materials, work-in-progress and finished goods are accurately valued in accordance with company policy and relevant accounting standards.
- Lead the calculation, review and maintenance of standard product costs, including the financial review of Bills of Materials (BOMs), material costs, labour rates, overhead absorption and other manufacturing cost drivers.
- Analyse manufacturing and inventory variances, including material usage, purchase price, labour, overhead, yield, scrap and production variances, identifying root causes and working with operational teams to implement corrective actions.
- Partner closely with Operations, Supply Chain and Production to understand cost drivers, inventory movements, production performance and working-capital requirements, providing clear financial challenge and insight.
- Drive improvements in operational efficiency and cost control, using financial analysis to identify opportunities to reduce waste, improve margins, optimise stock levels and improve manufacturing productivity.
- Support regular review of slow-moving, obsolete and excess inventory, ensuring appropriate provisioning and working with operational teams to improve stock management.
- Provide robust product, margin and profitability analysis, including review of standard versus actual costs and the financial impact of changes in material prices, production volumes, labour and overhead assumptions.
- Develop and improve operational controlling processes and reporting, ensuring management has timely and meaningful information on manufacturing performance, efficiency, cost variances and profitability.
About About you
- We are looking for a practical and capable finance professional who can bring strong operational finance experience into a site-based business.
- You are likely to bring:
- Experience in a Financial Controller, Finance Manager or similar senior finance role
- A hands-on approach to financial control and reporting
- Strong experience across management accounts, statutory reporting, reconciliations, cashflow and forecasting
- Previous people management experience, with the ability to lead and develop a small team
- The ability to work closely with operational and senior stakeholders
- Confidence using finance systems and Excel
- A reliable, organised approach and the ability to manage deadlines effectively
- Strong experience of inventory accounting and stock valuation within a manufacturing, engineering, distribution or other product-led environment.
- Practical experience of standard costing and BOM-based product costing, with an understanding of materials, labour, overhead absorption and manufacturing variances.
- Experience of operational or plant controlling, with the ability to move beyond reporting results and actively identify and drive efficiency, cost and margin improvements.
- Strong business-partnering capability, with experience working closely with Production, Operations and Supply Chain teams to challenge performance and improve financial outcomes.
- Experience within manufacturing, engineering, distribution, product-led or another operationally intensive environment is strongly preferred. Candidates should be able to demonstrate practical experience of inventory valuation, standard costing, BOM-based product costing and operational financial control, together with a track record of using financial insight to drive efficiency, cost and margin improvement.
- Because of the nature of responsibility, the job also demands discretion within the company and when meeting competitors and suppliers, both inside and outside the work environment.
Relationships with other Departments, Suppliers and Customer:
- A close working relationship with colleagues is essential as well as a formal contact with external customers and suppliers.
- Formal contact with environmental, health & safety and other government agencies.
