Job Description

Overview

The Finance Manager will be responsible for overseeing the company's financial operations, ensuring effective financial planning, reporting, and controls. The role combines financial analysis, budgeting, forecasting, and compliance management, along with leadership of a small finance team. There is a particular focus on project costing owing to the nature of the business.

The Prism Power Group of Companies provides a complete package of power system technologies to a principally blue chip client base from its extensive technical portfolio of products and services. Following recent investment the group is currently pursuing an exciting growth agenda that the role will help to support.

The role will be based full time at our offices in Watford, UK.

Key Responsibilities

Financial Planning and Analysis:

Conduct regular financial analysis to identify trends, variances, and opportunities for cost savings or revenue growth. Provide detailed financial insights and recommendations to senior management for decision-making.

Management of Financial Records:

Oversee all financial accounting activities, including the preparation of monthly, quarterly, and annual financial statements. Ensure accurate and timely reconciliation of accounts, including balance sheets and profit & loss statements. Manage cash flow, including monitoring of accounts receivable and payable.

Reporting and Compliance:

Prepare management reports, ensuring compliance with accounting standards (UK GAAP) and regulations (such as VAT, Corporation Tax). Ensure the timely submission of statutory returns, including VAT returns, PAYE, and year-end reports. Coordinate audits and liaise with external auditors to ensure smooth and efficient audit processes.

Team Management:

Supervise and mentor a small team of finance staff, ensuring the accurate completion of financial transactions and reports. Provide training and development opportunities for the team to foster a high level of professional competence.

Process Improvement:

Identify opportunities to improve financial processes, systems, and reporting. Implement best practices and ensure robust internal controls are in place to safeguard company assets.

General Financial Support:

Provide financial insights to support strategic business decisions. Collaborate with other departments (e.g., operations, sales) to improve financial understanding and performance.

Essential Qualifications

ACA, ACCA, or CIMA qualified (or equivalent). Strong understanding of UK accounting standards (UK GAAP) and financial regulations. Degree-level education or equivalent professional qualification in accounting or finance.
Please note applicants must be resident and have the permanent right to work and remain in the UK in order to apply.

Skills and Abilities

Financial Management Expertise

: Proven experience in managing finances, preparing budgets, and reporting on financial performance.

Technical Accounting Knowledge

: Advanced knowledge of accounting software (Pegasus Opera III preferred) and Excel.

Analytical Skills

: Strong ability to analyse complex financial data and communicate key insights to non-financial stakeholders.

Attention to Detail

: High level of accuracy and attention to detail in all financial processes.

Team Leadership

: Proven ability to manage, mentor, and develop a small finance team effectively.

Communication Skills

: Strong written and verbal communication skills, with the ability to present financial data clearly to senior management.

Problem-Solving Skills

: Ability to identify financial issues, recommend solutions, and implement improvements.

Desirable Skills and Experience

Experience with financial forecasting, modelling, and cash flow management. Familiarity with Pegasus Opera III and Power BI Experience in a managerial or supervisory capacity within finance. Experience within an engineering or similar environment with experience of project cost accounting. Experience of international operations, including accounting for multi-currency activities and managing tax compliance across multiple jurisdictions. Experience of working with IFRS and/or US GAAP would be advantageous.
Job Types: Full-time, Permanent

Pay: 50,000.00-60,000.00 per year

Benefits:

Company pension On-site parking Private medical insurance
Ability to commute/relocate:

Watford WD18 8RH: reliably commute or plan to relocate before starting work (required)
Experience:

post qualification: 3 years (preferred)
Work authorisation:

United Kingdom (required)
Work Location: In person