Finance Reporting Manager

3 weeks ago

West Bromwich West Midlands, United Kingdom Vibrant Foods Full time

Vibrant Foods is one of the largest South Asian food groups in Europe.

We are the parent company of TRS, East End Foods, Cofresh, Everest and Fudco – highly successful South Asian food brands that have been leaders in the sector for decades.

Our head office is located in Croxley, near Watford, with manufacturing and Finance Shared Services in West Bromwich. We also have sites in Leicester, Haverhill, and Willesden.

We are led by an experienced management team with a long track record in the food industry.

Vibrant Foods’ impressive array of plant-based products deliver the healthy eating that consumers search for nowadays – lentils, spices, nuts, speciality flours – alongside on-the-go snacks to satisfy younger and more mainstream customer segments.

To work within the finance function to aid in the preparation of the financial results of the Vibrant Group. To ensure proper accounting is performed while ensuring an efficient and effective control environment is built and maintained.

Reporting to:

Head of Financial Control

Finance structure

This role and the new core finance function in located within the offices adjacent to our main factory operations and alongside our Shared Service Centre. Significant change plans are underway to create the process and controls that underpin a best practice finance team including but not limited to the implementation of new workflow management tools and a new ERP to modernise and standardise our operations.

The finance function within Vibrant is currently in state of being fully designed to take the wider team into the world of best practice accounting and control. This is an exciting time to get in on the start of this build of finance and help shape the future of Vibrant

Key Responsibilities: -

  • Supervise and own the process of full Group consolidation working in conjunction with the Group Finance Manager. This includes the trading entities all Tower companies.
  • Responsible for the base production of a Core finance accounting pack showing the position of the Groups P&L, BS and Cashflow and core metrics, key data from within finance (e.g. Shared Service Centre Stats) to be shared with wider finance and base for elements of Board reporting.
  • Be responsible for the production of multiple sets of financial statements within the Group with the trading entities and tower companies subject to external audit.
  • Work with the external auditors, as well as working internally with other Finance leaders, to plan and run a smooth audit cycle to deliver a successful audit and clean opinions managing down, across and up.
  • Carry out the Corporation tax workings and submissions to Tax partners to facilitate the correct reporting within our financial statements, payments to Tax bodies and submissions.
  • Compile and submit the monthly VAT returns ensuring a smooth reporting to HMRC, solid process and control environment, financial recording and feed through of information for cash flow forecasting.
  • Ensure alongside the Head of Financial Control that the business is complying with its all its statutory responsibilities flagging and assisting in the dealing with any issues and maintaining a compliance calendar.
  • Carry out a range of accounting activities to support the compilation, consolidation, and analysis of financial data.
  • Aid in the development of any plans to significantly reduce the time taken to complete the month-end process and reporting outputs while ensuring the quality is maintained or better improved.
  • Support the design and implementation of a robust control environment focussed on risk management and strong internal control framework.
  • Prepare additional reports and execute additional projects/activities as required by business needs including but not limited to audit support, ONS reporting, DD assistance for investors, etc.
  • Create new ways of working, with the ability to challenge the status quo through the use of initiative, creativity and innovative thinking.
  • Identify and assist with the implementation of systems and processes to automate and develop the finance controls team strategy.
  • Credibility as the senior member of the finance team, with the ability to provide strong direction and leadership, motivation and direction for other members of the team and be able to work around the business across all directorates with confidence.
  • ACCA/ACA/CIMA Qualified with at least 5years PQE
  • Previous experience of managing a team
    • IFRS/FRS/UK GAAP experience
    • Experience working with group consolidations with complicated group structures
    • Experience in dealing with both Corporation Tax and VAT
    • Experience in the preparation of multiple sets of financial statements within a Group
    • External audit experience
    • Strong understanding of control and process design, testing and reporting with proven ability to implement improvements
    • Strong interpersonal skills, including teamwork, collaboration and relationship building
    • Continuous improvement mindset
    • Comfortable with meeting stakeholders and managing questions
    • Verbal, written and digital communication skills to deliver results and reporting
    • Strong Excel skills and ability to compile reports sensibly through self serving

Worked previously in a manufacturing and/or retail based industry.

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