Financial Controller

IMI plc
We are a global specialist engineering company that creates breakthrough solutions.

We are curious and like to solve problems, partnering with our customers to solve the demands of today and prepare for the challenges of tomorrow.

We embrace innovation and care about outcomes that are good for business, everyday life and making a better world - creating lasting impact for everyone.

We design, build and service highly engineered products in fluid and motion control applications.

We focus on five market sectors:
Industrial Automation, Process Automation, Climate Control, Life Science and Fluid Control, and Transport.

Process Automation

Process Automation is a world leading provider of flow control solutions for critical applications across the Energy, Marine and Pharmaceutical markets.

Our one big team work fairly and effectively but mostly importantly together to ensure we maintain the foundations that have enabled IMI's success through over 150 years of heritage.

IMI Truflo Marine

IMI Truflo Marine has been a specialist in the design and manufacture of high integrity valves, actuators and pressure reducing stations for critical nuclear and naval marine applications for over 50 years.

Our products have an outstanding reputation for integrity and reliability in extreme applications, and we provide support through the life of a facility, from concept to decommissioning and disposal.

Business is profitable, with a full order book and primed for significant growth.

Inclusion and Diversity at IMI Truflo Marine

In an ever-changing world where boundaries are pushed and questions asked about what constitutes 'the social norm', businesses are a powerful platform for social change.

Truflo Marine employees are integral in supporting business growth and innovation.

We firmly believe that a workplace that reflects the diverse communities and stakeholders we serve; and embodies a culture where everyone feels valued, heard and welcome is critical in creating a sustainable future.

Flexible Working at IMI Truflo Marine

At Truflo Marine we are committed to creating an environment where employees can thrive personally and professionally, whilst managing the demands of modern life.

The Company recognises that flexible working can improve employee motivation, performance and productivity, and is committed to allowing flexible working arrangements provided that the needs and objectives of both the business and employee can be met.

The Company also recognises that homeworking working arrangements are a key enabler in creating an engaged, collaborative, and diverse workforce.

We support homeworking arrangements as long as we can maintain an effective business operation and as long as the individual role permits it.

Role Overview

Working within the Finance Department, the Financial Controller will lead the Company's financial accounting, reporting and control activities across the Company and ensure that they are carried out efficiently, effectively and in line with best practice.

They are responsible for ensuring that all ledgers are accurately maintained and for the timely and accurate delivery of Company and Group reporting data including management accounts, statutory accounts and tax information.

The position will be key in supporting the delivery of revenue and profit growth targets, and delivering a modernised finance function.

The Financial Controller will be an ambassador and role model for IMI Process Automation, Aston and will act with integrity and in accordance with Company policies at all times.

Key Responsibilities

The Financial Controller, in coordination with the Finance Director will be responsible for facilitating the flow of safe, reliable, accurate and readily available data, to both internal and external customers.

The Financial Controller's core function will be, but not limited to:

• Completion of group 'Cognos' reporting to deadlines set by HO submitting as required.
• Maintenance of the Company's records to achieve the month end reporting deadlines.
• Production of full month end file to support the Cognos reporting and management accounts production for review by FD, answering any resulting questions or dealing with any queries arising from that review.
• Production of yearly statutory accounts pack and tax pack.
• Maintaining an appropriate control environment.
• Review of the quarterly VAT returns.
• Preparation and supervision of a full suite of balance sheet reconciliations on a monthly basis with appropriate back up and explanation for FD review.
• Preparation and implementation of annual stock cycle counting processes.
• Completion of the monthly margin review report from month end records and liaising with Sales for updates on on-going projects and the inclusion of new projects to be monitored.
• Preparation of Internal Control Declaration and Evidence binder and development, implementation and reporting of the improvement plan.
• Responsible for Fixed Assets including regular review and reporting.
• Responsible for Excess and Obsolete Inventory reporting.
• Support the quarterly and annual budget and forecasting activities.
• Completion of the monthly budget/forecast versus actual spend by department, reporting to the PD, FD and budget holders to identify spend outside of the budget for the remainder of the year and highlighting potential areas of under/over spend.
• Preparation/maintenance of the cashflow predictions in line with submissions to HO identifying any variances between the two at month end.
• Support to all teams establishing and agreeing and monitoring KPI' to aid performance.
• Review of sales credit note requests, changes to the sales ledger master data file, all BACS/bank payments on Lloyds link; TMS transactions.
• Managing the Finance team, directing team's priorities for the day or week and identifying areas where tasks need to be taking place.
• Being the main liaison for auditors and bank relationship manager, supplying all information needed.
• Assisting when required across the business with general queries relating to anything including new contracts, the renewal of leases, costing and purchase invoice processing.
• Reviewing and authorising supplier statement reconciliations.
• Monitoring any CAPEX projects and the general coding of purchase invoices.
• Undertaking periodic clear down of GRNI on EFACS cross checking to supplier statements.
• Writing/reviewing of SOP's for the Finance Department and updating the SOP register on the system.
• Overseeing the processing and initial audit of Company credit card and personal expense claims, to ensure compliance with Travel and Expense policy.
• Act as main contact for most IMI HO queries relating to compliance, tax, statutory accounts, submissions via Cognos.
• Participating in cross functional teams.
• Carrying out any other duties appropriate to this post, as necessary or as requested.
• Perform other such duties commensurate with the nature and level of the post as may be reasonably required.

The Person
Qualifications and Experience

• A team player, approachable and outgoing with a business partnering attitude
• Qualified ACA, ACCA or CIMA.
• Able to work pro-actively, using own initiative, exercise independence and challenge constructively. Applies judgement in difficult situations.
• Experience of working with large volumes of data, ensuring a high level of accuracy is maintained.
• Able to identify opportunities for process, automation and systems improvements.
• Understanding of corporate governance and legal requirements.
• Good working knowledge of financial practices and GAAP (UK/IFRS).
• Extensive use and competent user of advanced Excel, ideally but not essential have had exposure to Cognos and MRP system (EFACS)
• Experience in a metrics focused environment including weekly, monthly and quarterly reporting and analysis.
• Ability to manage multiple demanding priorities and deadlines in a fast-paced, dynamic function.
• Sophisticated communication skills with good written and verbal English.
• Sophisticated influencing skills and ability to demonstrate cross cultural, political and environmental awareness.
• Excellent attention to detail with a high accuracy level and ability to meet fixed deadlines and achieve results
• Uses initiative in performing tasks and prioritising workloads based on the demands of the business
• Excellent interpersonal (written and oral) and people management skills.
• Acts with integrity - deliver on promises, inspires trust, builds credibility and follows responsible business practices at all times, always prepared to do the right thing.
• Working well under pressure, and engaging at all levels of the organisation both internally and externally.
• Self-motivated to achieve change and to be able to adapt to change
• Confidence to challenge opinions
• Enthusiastic, pro-active, flexible approach and excellent interpersonal and communication skills
• Previous experience communicating with overseas operations and dealing with multiple currencies
• Experience of working within a results driven environment with skills in managing both core processes and bringing a creative and innovative approach
• Experience of operating within a global manufacturing/technology business and a balance of working both strategically and operationally.
• Broad based technical and business knowledge of the Oil and Gas, Nuclear/Defence industry.
• Experience of working within a Lean manufacturing environment and utilising tools and techniques.
• Project management skills and ability to manage financial/specialist change projects.
• Good understanding of risk and ability to identify potential risk and ensure management are well informed to assist decision making affecting the Department or Company.
• Strong people management skills. Able to lead, motivate and inspire teams and individuals.
• Able to translate and execute Group financial strategy by setting local priorities and frameworks with a short to medium timescale.

The successful candidate will be required to 'hit the ground running' and quickly understand the key challenges and opportunities. The successful candidate will be responsible for developing and driving strategy and comfortable balancing both short and long-term results.

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