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Commercial Finance Manager
2 months ago
Job Summary:
The Commercial Finance Manager will lead a team of 7 in the Purchase Ledger department, ensuring timely and effective processing of invoices and payments for all group companies. This role involves investigating and resolving invoice queries and payments on account to maintain a clean and well-managed ledger.
Key Responsibilities:
- Manage team workload, ensuring accurate and timely data processing, and adherence to company policies and statutory obligations.
- Closely monitor accounts to maximise cash flow, paying suppliers to terms and reconciling statements.
- Review and manage new supplier applications with the Procurement Team and review all supplier amendments.
- Ensure the purchase ledger policy and payment cycle are followed and upheld.
- Develop and maintain insightful management reporting on key performance indicators.
- Deliver the month-end close procedure, ensuring the ledger is reconciled to the trial balance.
- Lead projects to develop and improve the purchase ledger function, moving towards a more streamlined digital system.
- Communicate effectively with internal and external stakeholders to ensure all parties are informed on relevant matters.
Additional Responsibilities:
- Provide cover for the Group Commercial Manager in their absence.
- Assist in running the Credit Control Team and support the Credit Manager, providing observations and discussion on future projects to efficiently minimise the debtor book.
- Assist in running the VSB team and support the VSB Manager, providing observations and discussion on future projects to be more efficient and less reliant on paper-based systems.
- Review and negotiate variations to company terms and conditions for all customers and suppliers with direction from Directors, in liaison with the Procurement Manager.
- Aid in the integration of acquisitions into company procedures and assist those companies in delivering policies effectively within their teams, providing a point of contact to support during this process.
- Perform ad-hoc duties as required to support the goals and objectives of the team.
Benefits:
- Salary up to £45,000
- 25 days holiday plus Bank Holidays, rising to 28 days within 5 years of service
- Pension
- Life Assurance
- Financial Support
- Bupa Cash Plan
