Finance Manager
Rutherford Cross
Published
July 7, 2020
Location
Ayrshire, United Kingdom
Job Type
Region
- Ayr
Sector
Industry and Commerce
Specialism
Financial and Statutory Accounting

Description

Rutherford Cross is delighted to be retained by Dustacco & Watermiser to appoint a Finance Manager, based in Newmilns, Ayrshire.

The Company

Dustacco Engineering and Watermiser are sister companies, each progressive and innovative in their own distinct field, yet sharing the ethos of excellent service and quality manufacturing. These family owned businesses have an established 50 years of history, with a combined turnover of c£7.5M and ambitions to grow. Together the organization employs over 70 people, some of whom are dedicated to one of the businesses, whereas other operate as shared resources. The business is firmly invested in its people, ensuring that all employees are engaged with the culture of the business and share in its values.

The company values are:

  • Respect
  • Excellence
  • Professional Curiosity & Flair
  • Social Inclusion

The company vision is:

To be recognized as a stand-out business and employer in our field, consistently raising standards and making a difference. 

As part of its commitment to sustainability and social inclusion, the business supports a number of local charities and organisations.

Dustacco Engineering Ltd is an established pipework and mechanical services provider, supporting a diverse range of industries across the UK. By placing client needs at the heart of what it does, the business has flourished from its modest beginnings 50 years ago, to one which delivers multi-discipline projects of varying sizes and degrees of complexity. From manufacturing industries such as pharmaceutical, petrochemical, food and drink, to utilities sectors such as energy, water and waste water, the business has built an enviable reputation on its ability to engage with clients to ensure delivery of the best solution.

Working in close collaboration with clients throughout the project cycle, the design team and project management staff provide the knowledge and expertise required for each project, be it large or small. Together with multi-skilled fabrication and installation teams, the business ensures all projects are completed to plan, while working to the relevant health and safety practices and with the highest regard to quality.

Watermiser is the UK’s leading manufacturer of GRP forced draught cooling towers. Established in 1971, the vision was to design and develop robust, reliable cooling towers with an extended operating life. Over forty years later, that focus remains the same, as it continues to produce high quality, non-corroding, low maintenance cooling towers, which offer longevity and excellent value for money. Creating product design solutions which are specific to customers’ needs, Watermiser complies fully with the latest health and safety legislation. The company’s commitment to quality, engineering expertise and a customer focused approach, have built its reputation throughout the industry for producing the top cooling towers on the market today.

The business is based in Newmilns, Ayrshire.

To learn more about Dustacco Engineering and Watermiser, please visit them online at the following address: http://www.dustacco-watermiser.com

Background To The Role

This is an exciting time to join the business as it embarks on organisational change and growth. The role of Finance Manager has become available, reporting directly to the Commercial Director.

The post holder will lead the Finance function, taking responsibility for the day to day financial accounting, reporting and control activities of both companies. This individual will be expected to build excellent relationships across the business. They must gain a strong understanding of the operation and its culture and develop a deep knowledge of its customers and supply chain, working closely with purchasing and project delivery colleagues.

The finance team plays a key role in how the business operates and therefore a willingness to develop an understanding of each area of the business is required. The pace and diversity of the company throws up new and exciting challenges on a daily basis.

Candidate Profile

The business is looking to appoint a driven and experienced, accountant to support the Commercial Director, building and developing robust financial processes and managing day to day finance matters. The post-holder requires confidence in their abilities and strong communication skills to work closely with the leadership team to challenge and drive business performance and strategic plans.

The Finance Manager position requires an individual with a hands-on approach. This individual will need to take ownership of management accounts production, processing confidential salaries and pension information, whilst having the knowledge and gravitas to contribute towards business development plans. The appointed candidate will thrive on variety and will possess a team-oriented attitude, comfortable being involved in whatever needs done to help the business deliver its short and long-term goals.

Below is a brief breakdown of key candidate requirements for the role:

  • At least 5 years’ experience in a similar role with a business in the engineering/construction sector
  • A sound understanding of project accounting, particularly work-in-progress
  • The ability to demonstrate strong leadership and to coach and develop a team
  • Prior working knowledge of SAGE accounting systems
  • Comfortable supporting or partnering director level stakeholders
  • Ensure the delivery of the more routine tasks required of the finance function at all times
  • Experience of implementing a business-wide system change is desirable with Eque2 due to be introduced, and supporting members of the wider business through this process
  • A professional accountancy qualification is preferable, although not essential

Job Description

This is an exceptional opportunity to join an established business, with ambitious plans for the future, by playing a key role in its journey. The Finance Manager will lead the Finance function, reporting to the Commercial Director. The post-holder will be responsible for the day to day financial accounting, reporting and control activities of both companies. The appointed individual will be expected to build excellent relationships across the business, learn and understand the operation and its culture and develop a deep knowledge of its customers and supply chain, working closely with purchasing and project delivery colleagues.

The Finance Manager will work with the leadership team to challenge and drive business performance and strategic plans. This will involve providing analysis required to support commercial positioning. The appointed candidate will assist the Commercial Director on commercial and legal matters as required including grants applications and JV agreements.

The post-holder will play a pivotal role in the implementation of a new business system (Eque2, a contracts/projects costing system which dovetails with SAGE), acting as a point of guidance across the business.

The Finance Manager will have line management responsibility for an Accounts Administrator and will be the main day to day point of contact for all finance queries.

The range of duties are varied from overseeing transactional processing to supporting business decision-making.

Responsibilities include:

  • Ensuring all accounting records and supporting documentation for all financial transactions are maintained in a systematic order and secure condition
  • Maintaining accurate and effective financial controls on all business transactions utilising company systems (currently SAGE)
  • Assisting with production of timely and accurate monthly management accounts with management pack, variance analysis, commentary and KPIs
  • Dealing with all aspects of the year-end procedures and processes and supporting preparation of year end statutory accounts
  • Liaising with external advisors (accountants, insurers, lawyers etc.)
  • Further developing credit control systems
  • Supporting the production of variance analysis and of commentary on monthly results
  • Supporting preparation of annual budgets and quarterly reforecasts
  • Reviewing all monthly balance sheet reconciliations, ensuring they are accurate and supportable
  • Overseeing the development and management of the finance team
  • Overseeing the preparation of salary and wage calculations for 75+ employees, directly processing senior and Director salaries and benefits, HMRC taxes, pension scheme contributions
  • Managing all ‘company’ contracts such as mobile phone, gas, electricity etc.
  • Assisting in developing accuracy of project costing and stock control
  • Taking the lead on various management initiatives as part of the management team

Remuneration

Salary:                          Competitive

Holidays:                      24 days plus 6 stats in year 1;   29 days plus 6 stats thereafter

 Life Assurance:           4 * salary

 Working Hours:         Mon-Thurs 8:00am-5:00pm (45 minutes for lunch); Fri 8:00-2:30

Private Healthcare:   Health Cash Plan available from Westfield

 Pension:                         Employee contribution 5%;   Employer contribution 5%

Bonus:                              Discretionary

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