Commercial Finance Manager
Full Time (Remote)
Salary – £72k + Car
Permanent
        
We are partnering with a leading PE-Backed business as they look to appoint a technically strong dynamic and driven Commercial Finance Manager to join them on their IPO journey. As a valuable employee within this multi-faceted, acquisitional group, the successful candidate will be responsible for a team of analysts and build key strategic relationships across the category to ensure working capital is optimised within the business. Reporting directly into the Director of Commercial Finance you will be expected to travel to Oxfordshire and various sites when required, although you can base your day to day remotely.

Key responsibilities of the role Commercial Finance Manager:
* Monitor and challenge category performance and prepare analysis to be rolled out weekly.
* Compare company performance against market trends identifying both risks and opportunities
* Forecasting and budgets from a product category prospective.
* Assist with commercial negotiations, in particular modelling changes to how deals are constructed.
* Support the procurement team in assessing the working capital impact of both current and future commercial negotiations.
* Ensure supplier rebates and other monies (e.g. marketing) are accurately reflected in the P&L and that the rebate debtor is regularly reviewed to maximise the groups working capital position.
* Monitor accrual accuracy and prompt collection of contract support, taking action to challenge the commercial team for resolutions whenever issues are identified.
* Optimise price deferral income by ensuring no monies due remain unclaimed.
* Ensure the rebate element of stock (RES) calculation is accurate to avoid misstatement
* Consult with category directors to ensure that all supplier terms are understood and accurately reflected in relevant systems.
* Contribute to the Group’s optimisation of working capital by supporting Operations in ensuring that branches hold the optimum level of stock.
* Provide insightful inventory reporting to all parts of the business, in particular offering details regarding gross stock, rebate element of stock
* Devise and apply suitable accounting policies around the ageing of stock, whilst also executing strategies that keep aged stock at a minimum.
* Line management of 3 commercial analysts who are aligned to inventory, commercial income and category management.
Key requirements for the role Commercial Finance Manager:
* Strong analytical and quantitative background, excellent communication skills, and be able to work well under pressure to meet tight deadlines.
* Experience in financial modelling, financial analysis, and forecasting, as well as experience in business partnering, management of multiple stakeholders and previous line management experience.
* Hold a recognised finance qualification or have significant experience (QBE)
* Advanced user of MS Excel.
* Knowledge of the building materials merchanting industry and/or experience supporting commercial stakeholders from a Finance perspective is desirable.
If you are interested in this position and feel your experience matches the criteria then please apply now for immediate consideration or for more information please contact Andrew Davison.
Medlock Partners are a professional services recruitment specialist operating across the North West of England. We are proud to be an equal opportunities employer and encourage applications from candidates of all backgrounds and circumstances, including minorities and those with disabilities. Please note our advertisements use years’ experience and salary levels purely as a guide. We are happy to consider applications from all candidates who are able to demonstrate the skills necessary to fulfil the role. If you do not hear from us within 48 hours please assume that your application has been unsuccessful on this occasion.