Job Description

Job Title: Transactional Finance Manager

Location: Coventry

Hours:

Commensurate with the position of your role within the organisation, you will be required to adopt a flexible approach to the hours worked and which may be necessary for the proper performance of your duties. The basic contractual hours will be Mon-Fri, 9am-5pm, 37.5 hours per week, with an unpaid lunch break of half an hour.

Reward Package

Reward Package DOE Healthshield Cash Plan 25 days annual leave + bank holidays Bonus Scheme Pension Scheme Perkbox Life Assurance Employee Assistance Program Training & Development Opportunities Free Parking Service Awards

Company

At Fraikin our Vision is simple and clear: We will Enable the mobility of goods and people through our services of fleet management to deliver a better day.



This means our focus is:


Faster and agile fleet management Operational excellence Capture long term profitable customers United Group for stronger market leadership Secure our great people and our assets

We value the talents and ideas of everyone on our team, especially our new hires. We can't wait to see what you'll make happen.



Our services provide a full range of solutions to enable Total Fleet Mobility including Contract Hire of bespoke commercial vehicles, Short term rental and Fleet Management. It is an exciting time to be in our sector as we navigate through the journey of alternative fuels and digital transformation. We have customers from across the spectrum including small fleet customers up to multivehicle fleets of 100 plus. We are proud of our people and the history of our Company, we are always looking for people who want to work with us to achieve success together. Come and join us!

Role

We are currently recruiting for a Transactional Finance Manager to join our team based at our Head Office in Coventry. The successful candidate will be responsible for:

Accounts Receivable

Improve cash collection by leading a team of credit controllers to focus on aged debt exceeding agreed customer's credit terms. Key measurement is a reduction in DSO (debtor days). Ensure Customer Credit limits are regularly reviewed using our credit checks process both for new and existing Customers and ensuring the limits are strictly adhered to by working with the Sales teams to ensure the Customer experience is maintained but the company is not at risk of excessive credit exposure. Prepare and host weekly Debtor's reporting, highlighting key risks, actions to be taken driving from a set of KPI's. Partner with KAM's and other operational teams around the business to drive key actions which have a direct impact on reducing aged debt. Management and approval of novation of customer accounts Management of customer/supplier administrations, liquidations and receiverships to ensure process is completed.

Accounts Payable

Lead the Accounts Payable team to reduce the level of supplier invoices not being posted 'first time right' by the automated system, by developing a set of KPI's and analyses to drive the reduction. To provide supplier support and reduction in DPO to improve cash flow and forecasting within the business Partner with the business to drive improvements to the AP process with open and transparent communication by hosting weekly calls with key stakeholders to understand the issues and drive resolution. Own the AP ledger with regular reviews with the FC, housekeeping. Support on capital/capex processes for AP team to ensure payments are to schedule and have no effect on customer build times or deliveries.

Billing

Ensure Billing to our customers is correct on a first-time right approach across all billable products groups. Identify and fix broken processes which have a direct impact on the ability for the business to invoice and collect cash. Manage the process for receiving and accounting for cash deposits, invoicing for terminations and any other charges billable to the Customer. Oversee the Fines process to ensure payments and invoicing levels are continually monitored to reduce the cash exposure to the business.

Team Responsibilities

Ensure the transactional team's have meaningful and achievable targets by developing KPI's which will drive positive ce. Conduct regular team appraisals to ensure teams engagement at all times and have the leadership qualities to have difficult conversations in the event of non-performance. Be an advocate for Fraikin's 'Great Place to Work' by developing ways to celebrate success and recognising above and beyond activities achieved by the teams. Manage, support and communicate between the transactional teams and the wider business. Provide leadership /assistance to the team with regards to account concerns. Promote a 'first time right' approach across all processes and challenge stakeholders to reduce wasted time spent on non-value added processes. Identify and mitigate single point of failures within processes to ensure we have cross training within the teams and develop and document SOP's. Promote and support training & development for the team. Confident approach to communicate with external and internal stakeholders g. Customers, Suppliers and all levels throughout the business. Overall management of intercompany accounts, invoices and payments to ensure they are to schedule alongside the Management Accounts team Ensure processes are adhered to and there is a clear segregation of duties between departments.




To perform the job role successfully, the role holder must perform each essential responsibility satisfactorily. These requirements are representative, but not all-inclusive, of the knowledge, skills, and abilities required to perform in the role.