Group Finance Director

  • Location

    London

  • Sector:

    Finance & Risk, Oil Trading, Shipping and Supply

  • Salary:

    Competitive

  • Contact:

    Sarah Stott

  • Contact email:

    sarah@elevenrecruitment.com

  • Contact phone:

    +44 (0) 7974 194 008

  • Job ref:

    B - J7251

  • Published:

    4 months ago

  • Expiry date:

    2021-06-08

  • Consultant:

    ConsultantDrop

​A leading independent and integrated energy company is looking for a Group Finance Director.

The company provides its customers with innovative energy solutions for their transportation, heating and industrial needs.

The role

The UK Group Finance Director will report directly to the Group CFO and will be responsible for managing all aspects of the UK group companies’ financial functions including, but not limited to, accounts, treasury, credit and risk. The role will also have a dotted reporting line to the Head of UK and have close collaboration with the respective Managing Directors for all the UK and Aviation entities.

Duties and Responsibilities

​Finance

  • Production of timely and accurate MI as agreed with the Head of UK and MDs

  • Assist and provide any ad-hoc analyses, papers and reports for internal and external stakeholders (MDs, Directors, Head Office Finance personnel, external and internal auditors, tax authorities, tax advisors, payroll, recruiters, insurance companies, etc.)

  • Manage the Companies‘ tax affairs and keep up-to-date with changes in legislation

  • Overall responsibility for group wide financial, planning and analysis

  • Coordinate and manage the month-end, quarter-end and year-end accounting close

  • Coordinate and manage the year-end external audits

  • Manage the preparation of statutory annual accounts for all UK entities

  • Develop Finance team goals that are fully aligned with the UK Group’s strategic goals

  • Financial control and oversight and resolution of any accounting issues related to being an international group of companies with multiple offices

  • Coordinate the Companies’ input into Group Business budget planning.

Credit and Treasury

  • Liaise closely with traders and commercial staff on trade finance issues

  • Work closely with Group Treasury on local specialist topics and support Group wide financing and credit initiatives

  • Efficient management of working capital, ensuring that the Companies are financially well controlled and operated within banking covenants and legal and accounting standards

  • Responsible for the management of the Companies’ insurance policies (i.e. Public and Products liability, Employers policy, office insurances, etc.)

Risk

  • Responsible for ensuring Group governance processes are adhered to; examples include, Term Deal Approval process, New Product New Market approval etc.

  • Ensure local sign offs for new term deals are in place

  • Ensure appropriate legal review of contracts and solicit external legal advice as required

  • Work with the Risk team to develop and improve the daily P&L

  • Work closely with Group DLC and Risk on local specialist topics and support Group wide projects such as P&L Harmonisation & EOD controls.

Business Development

  • Prepare financial models for potential acquisitions

  • Post-acquisition integration for new business

  • Actively be involved in the due diligence work of new acquisitions

Management Team

  • Provide advice to the Boards of Directors, MDs and senior colleagues on major legal and financial changes that may impact the running of the UK Companies

  • Contribute to the preparation of the Companies’ strategic plans.

  • Maintain strong relationships with the Companies’ bankers, tax authorities, tax advisors, external auditors etc.

  • Make sure the Companies are fully compliant with the business and M&B Group policies.

Knowledge, Skills and Abilities

  • Proven record as a team leader - strong management experience

  • Proven experience including the ability to work at both strategic and operational levels, equally comfortable in financial control and FP&A

  • Qualified Accountant (ACA, CIMA, ACCA) with proven experience in a broad finance leadership role

  • Strong influencing skills, comfortable with liaising with personnel at all levels

  • Be familiar with oil trading terminology e.g. contango, backwardation, time spreads, flat price exposure etc.

  • A continuous improvement mindset

  • Post-acquisition integration experience useful

  • Excellent interpersonal, written and verbal communication skills

  • You will be an exceptional communicator who is used to building relationships with stakeholders and managing the challenges this creates when working cross-functionally on a global basis

  • A sound technical accounting knowledge is required

  • Pragmatic, decisive and analytical

  • Resilient, results-orientated and able to work well under pressure

  • Tact and the ability to deal with difficult situations

  • Good diplomatic and negotiating skills

  • Ability to work autonomously and flexibly

  • Pro-active and self-motivated

  • Excellent planning and organisation skills to meet deadlines

  • Cooperative and accurate with attention to detail

  • Ability to view the “bigger picture”

  • Ability to prepare and present reports to BoD level

  • A good understanding of the midstream and downstream oil industry

  • Professional manner

  • Fluent English is essential

Credentials and Experience

  • Qualified ACA/ACCA/CIMA, (or overseas equivalent)

  • Bachelors degree

For more details please get in touch with Sarah Stott on +44 (0) 7974 194 008 or sarah@elevenrecruitment.com