Commercial Finance Manager

Commercial Finance Manager

Salary: Negotiable plus bonus

Location: Stockton-On-Tees

Reporting: Finance Director

Type: Permanent

Purpose:

Reporting into the Finance Director, the Commercial Finance Manager role is responsible for overseeing the company’s financial control processes, ensuring accurate reporting, budgeting, and strategic financial planning. This position plays a pivotal role in providing financial insights, monitoring performance, and implementing effective cost-control measures to support business objectives. The Controlling Manager collaborates with senior management to drive financial performance, compliance, and operational efficiency.

Duties:

Month End/Year End Reporting:

To assist with the prepare of monthly, quarterly, and annual Financial Statements in accordance with UK GAAP and/or IFRS, ensuring all statutory filings are accurate and submitted in line with deadlines.

Lead the month-end reporting process, ensuring accurate and timely closure of financial accounts.

Prepare and post journal entries, including, but not limited to, depreciation, warranty, and month end accruals, in compliance with accounting standards.

Support the preparation of management reports, including KPIs and budget vs. actual analysis.

Liaise with external stakeholders and be a key source of contact for the auditors in order to facilitate a smooth audit process.

Management of the Fixed Asset register, ensuring accurate recording, clarification and valuation of assets whilst ensuring capitalisation and depreciation is carried out in line with local accounting standards

Calculate and record customer rebates in line with the agreements in place ensuring accurate reporting, and accounting postings (e.g. credit notes issued, accruals maintained) are carried out.

Stock Control:

Conduct periodic stock reconciliations to identify discrepancies and implement corrective measures.

Ensure compliance with accounting standards for inventory valuation, including cost allocations and provisions for slow-moving or obsolete stock.

Support month-end and year-end closing activities by providing accurate stock-related data.

Strive for Stock reporting accuracy with a desire to minimise stock provision and write off’s needed.

Gross Margin Analysis:

Perform detailed gross margin analysis to monitor profitability across products, and customers.

Identify trends, variances, and drivers impacting gross margin performance and provide actionable recommendations.

Review and improve margin reporting to ensure full transparency of margin impacts.

Budget preparation & Forecasting

Assist in preparing annual budgets and periodic forecasts to support strategic decision-making, including the identification of trends, risk and opportunities.

Support the development of financial projections, including revenue, expenses, and cash flow, based on historical performance and business objectives.

Maintain and update financial planning tools and templates to improve forecasting accuracy and efficiency.

Other:

Ensure compliance with Internal Controls, Company Policies and regulatory requirements

Identify opportunities for process improvements to enhance financial reporting and internal controls.

Requirements:

Demonstrable experience of financial statement and management accounting

Demonstrable understanding of business principles and practices

Demonstrable experience in the preparation of business plans, financial planning, forecasting, budgeting and viability analysis

Demonstrable experience of policy and procedural development in the delivery of the finance function

Demonstrable experience of producing financial reports for a range of audiences

Qualification in accounting, business, economics, finance, or a related field (Fully or Part-Qualified in CIMA, ACCA, ACA)

Experience of Navision (desirable)

For more information about this opportunity please get in touch with Imperial Recruitment Group