Finance Manager

Position Overview

Team Leadership & Financial Control

• Line manage, mentor, and develop the management accountants, ensuring balanced workload distribution and clear performance objectives.
• Oversee and sign off on the absolute integrity of accounts within your area of responsibility by strictly adhering to Company Financial Policies and statutory frameworks.
• Guide the team in partnering with cost centre managers to close out financial positions efficiently around key financial reporting milestones.
• Review rolling forecasts for costs, cash, and headcount, ensuring robust management of accruals, prepayments, and balance sheet account reconciliations.

Inventory Focus & Material Management

• Establish and maintain robust internal financial controls over stock valuation, inventory accuracy, and material tracking across the business, including supporting company cycle counting and stock taking as independent financial assurance.
• Partner with supply chain and warehouse teams to analyse stock turns, identify slow-moving or obsolete inventory, and manage the financial provisioning or write-off processes.
• Work with programme managers and project accounts to review aging stocks and accuracy.
• Implement and oversee the financial tracking of material variances, usage adjustments, and shrinkage, translating operational stock data into actionable financial insights for senior leadership.
• Review stock held in quarantine and blocked and recommend appropriate provisions as required, tracking and engaging with appropriate stakeholders.
• Ensure scrap is transacted within policy alignment and relevant authority, support review process, and provide financial insights to internal stakeholders.
• Host external auditors on site and internal audit as required.

Defence Compliance & Rates Oversight

• Manage and mature strategic working relationships with the Ministry of Defence (MOD) and the Cost Assurance and Analysis Service (CAAS).
• Overview of compliance for supplier reporting under Single Source Contract Regulations.

Business Partnering & Planning

• Liaise directly with operational headers and supply chain directors to provide comprehensive financial insights that drive cost-saving opportunities and efficiency improvements.
• Direct the financial input into the mid-term plan aligning operational stock assumptions, headcount, and overhead projections with corporate financial targets.
• Evaluate business cases for major capital expenditure (Capex) and inventory system upgrades, utilising Net Present Value (NPV) and Internal Rate of Return (IRR) metrics to justify strategic investments.
• Ensure all reporting deadlines are met, including timely variance analysis and relevant commentary.

Qualifications

• Track record of driving cross-functional improvements by influencing the executive and senior leadership teams, establishing clear paths for task ownership, escalation, and follow-up.
• The presence and diplomatic weight to challenge senior operational directors and cost centre managers constructively, questioning underlying budget assumptions while maintaining collaborative relationships.
• Proven experience overseeing statutory compliance and signing off on complex DefCARS portal submissions.
• Technical oversight of lease and asset accounting standards (IFRS 16, IAS 16, and IAS 38).
• Ability to direct the identification, capitalisation, and measurement of Right-of-Use (ROU) assets and establish company policy on SaaS/cloud computing accounting treatments (distinguishing capitalizable configuration vs. Opex).
• Advanced understanding of inventory valuation frameworks under IAS 2, specifically overseeing Moving Average Price (MAP) integrity and directing Net Realisable Value (NRV) assessments to manage stock impairment policies.

What We Offer

• Competitive salaries reviewed each year against market rates.
• Annual bonus incentive scheme for all employees.
• 37 hours over a 4.5 day working week.
• Employer pension contributions up to 10%.
• Hybrid and flexible working.
• Life assurance cover.
• 5 weeks holiday plus bank holidays.
• Holiday purchase scheme.
• Health cash plan.
• Salary sacrifice benefits including cycle to work and electric vehicles schemes.
• Access to high street and gym discounts and cashback.
• Long Service rewards with additional holiday.

About Us

Working Arrangements

• Telford | Hybrid, 3 days in the office | 37 hrs per week, Perm | Finance.