The Company

Founded in Denmark in 2003, Astrak is the leading pan-European supplier of undercarriage parts and ground engagement tools to the construction industry. They have several strategically located international warehouses giving their extensive range of products global reach. Their goal is to maximise machine up time for every customer.

Astrak is a market-leading business employing over 100 people across Europe and has a base of 40,000 loyal customers who value their high level of service and commitment to quality. Their team is continuously working to improve and increase their product range to give their customers even more choice and assurance. Astrak is also continually improving their facilities and processes to keep pace with their growth aspirations.

Their in-depth knowledge of the industry means that they are constantly striving to provide innovative and effective products. Astrak combines common sense with inventive solutions to meet the demands of the ever-changing requirements of their customers.

In March 2022 ‘Inflexion Private Equity’ acquired a majority stake in Astrak. Their investment will allow them to accelerate the development of their portfolio as they further expand globally. Astrak is currently a £67M turnover business and is striving to reach over £150m+ revenues by 2025 as they continue to go through acquisitions. In June 2022, Astrak completed the acquisition of Terrapart, a final drives business based in Swindon, which is expected to be the first in a series of bolt-on acquisitions.

The Role

This is a split role where 50% will be focused on MI production and support, and the other 50% will be involved in special projects linked to M&A, integration and review of strategic investment opportunities.

• Provide valuable data analysis and reporting to contribute to the accurate financial reporting and controls. You will also build on the current procedures in place to ensure valuable management reporting and KPIs are created to evidence financial performance
• Prepare forecasting reports and work closely with and support the budget owners to ensure forecasting is accurate and costs are within budget
• Review and challenge, ensuring consistency of messaging for reported results and highlighting areas for development, further review, and challenges to the business
• Build successful working relationships and becoming a credible business partner
• Assist in the production of the annual budget and periodic forecasting
• Assist with Cash Flow Projections and Working Capital Management
• Assist with the tracking and management of spend on large capital projects
• Assist and provide cover for Financial Controller, when required
• Identify opportunities for improvement across the businesses, and implementation thereof
• Involvement in any and all other aspects of the finance function as required
• Get a strong understanding of the business situation and make the bridge between business and finance
• Advisory role in M&A transactions and coordinate Post-M&A integration into the business line

The Individual

• Qualified Accountant (CA, ACA, ACCA, CIMA or equivalent)
• Have solid academic background with strong technical accounting skills
• Relevant experience working in a commercial capacity
• Proven track record of a growth, profitability, working capital and innovation
• Technical knowledge IT: MS Office products with advanced level in Excel
• Strong knowledge of business processes
• Willing to take ownership of duties from top level reporting to more granular accounts prep, as well as ownership of external parties
• Exceptional stakeholder management skills with the ability to drive business initiatives forward and to embrace change, efficiencies, and new innovations
• A good strategic thinker who assesses situations quickly and will resolve issues confidently and decisively
• Strong problem-solver with a “can-do” mentality, able to both pragmatically define solutions and capture and understand all relevant detail

Remuneration

• Attractive package commensurate with background and experience required for the role

What to do Next

• To find out more on remuneration, the role or to see a full Position Profile, please contact their retained advisor, William Dodds at Rutherford Cross by emailing [email protected]
• Please note that any direct or third party approaches will be sent to Rutherford Cross for review and assessment