Commercial Finance Manager

Overview

Oversees financial control, reporting, budgeting and strategic financial planning.

Key Responsibilities

• financial statements
• fixed assets
• margin analysis
• budget forecast
• journal entries
• stock reconciliation

Tasks

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. -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. -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 -Perform detailed gross margin analysis to monitor profitability across products, and customers. -Assist in preparing annual budgets and periodic forecasts to support strategic decision-making, including the identification of trends, risk and opportunities. -Support month-end and year-end closing activities by providing accurate stock-related data. -Prepare and post journal entries, including, but not limited to, depreciation, warranty, and month end accruals, in compliance with accounting standards. -Maintain and update financial planning tools and templates to improve forecasting accuracy and efficiency. -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. -Ensure compliance with accounting standards for inventory valuation, including cost allocations and provisions for slow-moving or obsolete stock. -Support the development of financial projections, including revenue, expenses, and cash flow, based on historical performance and business objectives. -Review and improve margin reporting to ensure full transparency of margin impacts. -Conduct periodic stock reconciliations to identify discrepancies and implement corrective measures. -Identify opportunities for process improvements to enhance financial reporting and internal controls. -Lead the month-end reporting process, ensuring accurate and timely closure of financial accounts. -Identify trends, variances, and drivers impacting gross margin performance and provide actionable recommendations. -Support the preparation of management reports, including KPIs and budget vs. actual analysis. -Ensure compliance with Internal Controls, Company Policies and regulatory requirements -Liaise with external stakeholders and be a key source of contact for the auditors in order to facilitate a smooth audit process.

Requirements

• cima
• navision
• financial planning
• management accounting
• financial reporting
• policy development

What You Bring

-Qualification in accounting, business, economics, finance, or a related field (Fully or Part-Qualified in CIMA, ACCA, ACA) -Experience of Navision (desirable) -Demonstrable experience in the preparation of business plans, financial planning, forecasting, budgeting and viability analysis -Demonstrable understanding of business principles and practices -Demonstrable experience of financial statement and management accounting -Demonstrable experience of producing financial reports for a range of audiences -Demonstrable experience of policy and procedural development in the delivery of the finance function

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Benefits

Salary: Negotiable plus bonus

About Tk Elevator

-Founded with a passion for transforming vertical transportation, the company has grown into a global leader in the elevator and escalator industry. -Providing cutting-edge mobility solutions, they offer a wide range of elevators, escalators, and moving walks designed for both modern and historical buildings. -With a strong presence in more than 100 countries, their reach is global, yet their approach remains focused on local expertise and customer satisfaction. -Typical projects include high-rise residential buildings, commercial skyscrapers, and busy transportation hubs like airports and train stations. -The company is renowned for its innovative designs, sustainability initiatives, and advanced safety features, setting new industry standards. -A standout project involved retrofitting historic buildings with state-of-the-art elevator systems that blend seamlessly with classical architecture. -The company continuously invests in digitalization and smart technologies, delivering next-generation solutions for efficient, reliable mobility.

Sector Specialisms