Financial Operations Manager

1 month ago


Sutton Coldfield, Birmingham, United Kingdom Reed Full time

We are seeking a highly skilled Financial Operations Manager to oversee the financial health of a dynamic luxury home builder. This role involves managing financial operations, preparing management accounts, processing VAT returns, and ensuring compliance with the Construction Industry Scheme (CIS).

Key responsibilities include:

  • Preparing and presenting monthly management accounts for each project, offering financial insights and improvement recommendations.
  • Ensuring accurate and timely VAT returns in line with HMRC regulations.
  • Processing CIS deductions and returns, maintaining compliance with legislation.
  • Managing invoice processing, ensuring correct assignment to projects.
  • Overseeing accounts payable and receivable to monitor cash flow and ensure prompt transactions.
  • Conducting detailed cash flow forecasting to manage liquidity and project funding.
  • Maintaining overhead forecasts to support accurate cost allocation and financial planning.
  • Liaising with lending banks, providing necessary financial information and ensuring loan agreement compliance.
  • Performing general bookkeeping, maintaining accurate financial records, reconciling accounts, and managing ledgers.
  • Producing regular financial reports, including profit and loss statements, balance sheets, and cash flow forecasts.
  • Utilizing Xero for financial management and reporting, ensuring data accuracy.
  • Assisting in annual budgeting and financial forecasting, monitoring against budgeted figures.
  • Conducting bank reconciliations for precise cash flow management.
  • Maintaining tax compliance for the business.
  • Recommending process improvements for financial systems to enhance efficiency and accuracy.

Required Skills & Qualifications:

  • Professional accounting qualification (ACCA, ACA, CIMA).
  • In-depth knowledge of VAT regulations and tax compliance.
  • Extensive experience with Xero accounting software.
  • Exceptional attention to detail and commitment to financial data accuracy.
  • Strong analytical and problem-solving abilities.
  • Proficient in financial software and Microsoft Excel.
  • Capable of managing multiple projects and meeting deadlines.
  • Excellent communication and interpersonal skills.
  • Experience in construction finance and familiarity with CIS highly desirable.


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