Financial Operations Specialist
3 weeks ago
Hallmark Engineering Group seeks a highly skilled Financial Operations Specialist to enhance its financial operations and provide critical insights supporting growth and strategic initiatives.
Key Responsibilities- Day-to-Day Transactional Responsibilities:
- Accruals, Prepayments, and Month-End Close: Lead the monthly close process, preparing and reviewing accruals, prepayments, and journal entries to ensure timely and accurate financial reporting.
- Accounts Receivable & Accounts Payable: Directly manage AP and AR processes, ensuring timely collections and payments, with a focus on maintaining strong vendor and customer relationships.
- Credit Control: Implement and monitor credit policies to optimize cash flow and mitigate credit risk.
- VAT Accounting: Manage VAT compliance and submissions in line with UK regulations.
- Balance Sheet Reconciliations: Conduct monthly reconciliations to maintain accuracy and integrity in balance sheet accounts.
- Management Responsibilities:
- Sales Invoice Control & Governance: Oversee invoicing processes, ensuring efficient practices and governance to support revenue assurance.
- Payroll Oversight: Coordinate payroll processes in collaboration with HR, ensuring accuracy and compliance.
- Project Accounting: Track project costs, revenues, and performance metrics, ensuring alignment with project budgets.
- Business Partnering: Collaborate with operational teams across Hallmark, providing financial insights to support informed decision-making and strategic planning.
- Year-End Close & Compliance: Lead the year-end close process, preparing for audits and ensuring compliance with UK statutory requirements.
- Cash Flow Forecasting and Optimization: Develop and maintain cash flow forecasts, implementing strategies to stabilize and optimize operational funding.
- Management Information (MI) Reporting:
- KPI Reporting: Generate and analyze financial KPIs to assess and communicate Hallmark's performance, offering actionable insights for improvement.
- Variance Reporting: Perform variance analysis on actual results versus budget, identifying areas of deviation and potential improvement.
- Process Documentation: Maintain thorough documentation of financial processes, supporting compliance, efficiency, and consistency.
- Continuous Process Improvement: Recommend and implement strategies to streamline financial processes, increasing efficiency and accuracy.
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