Head of Finance

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Company Overview

Synectics (AIM:SNX) is a leader in the design, integration and support of advanced security and surveillance systems which enable clients around the world to protect their people, communities and assets. With over 30 years’ experience, Synectics has intimate knowledge of specialist customer requirements across the transport, critical infrastructure, public space, gaming, and oil & gas sectors, where security is fundamental to successful business operations.

Synectics operates 2 complementary business models – Systems and Security founded on shared principles which govern the relationships we build with customers, the way in which we work, and the partnerships we create. The Security business generates revenue via service-based model, working directly with end users to design, deliver, maintain, and support best in class solutions.

Synectics Security is a customer-focused systems integrator, developing tailored solutions which are precisely tailored for individual customer needs, from electronic security systems for complex, critical or highly regulated environments, to on-vehicle transport systems that protect, passengers, drivers and on-board staff.

Job Purpose:

• To provide financial and strategic leadership to the Security business, working closely with the Managing Director & leadership team to drive day-to-day financial and operational performance
• To ensure controls and reporting are in place to support efficient day-to-day running of the business, operational decision-making, and oversee production of monthly divisional and group reporting & management accounts
• To provide appropriate supporting evidence for decision-making to direct the business’ finances effectively whilst demonstrating necessary people skills to work co-operatively & collaboratively with divisional finance team, leadership team & wider business

Principal Accountabilities:

• Working closely with Managing Director to drive day-to-day operational performance
• Taking ownership of financial reports, controls and development of leading measures/KPIs, including those submitted for group reporting
• Preparation of monthly management accounts and reporting pack
• Maintaining a robust internal control environment, ensuring internal controls are properly implemented and performed and group-wide policies and processes are properly adhered to
• Stock reporting and control, including management of stores and purchasing teams
• Quarterly and annual stock takes including variance reporting
• Management and development of existing finance, stores and procurement teams
• Management of the annual planning, budgeting and forecasting process
• Identify financial risks and opportunities
• Preparation of VAT returns and Intrastat reporting
• Cash management, including weekly cashflows
• Annual budget preparation and forecasting for monthly accounts
• Ensure a robust system of credit control is implemented and controlled
• Full year and half year statutory accounts pack for plc group accounts purposes, annual statutory accounts and tax pack
• Manage annual audit process for the Security business
• Ensure FAR is maintained and appropriate CAPEXs completed
• Production of intercompany statements and balances

Key personal attributes:

• Detail orientation – keen eye for detail to support and challenge and ability to see bigger picture
• Commercial awareness – ability to understand the inner workings of both our organisation and the industry we operate within.
• Leadership – able to inspire, motivate, lead, challenge, support own team and wider teams
• Performance driven – motivated by achievement, enthusiastic, determined, and resilient
• Energetic & ambitious – keen to develop knowledge and experience and growth mindset
• Strategic thinking – able to understand business drivers, challenge status quo & set direction
• Works with a high-level of integrity, builds trust and culture of accountability and reliability
• Well-developed organisation skills to meet tight deadlines and prepare ad-hoc information
• Collaborative – ability to lead and support own team and with wider group finance community
• Ability to continually develop, change, adapt, and grow to meet business needs
• Resilience – capacity to withstand and recover from difficulties and business challenges
• Excellent communication skills

Qualifications and experience:

• ACA qualified (CIMA/ACCA with relevant experience also considered)
• Proficient in applying principles of IFRS, in particular, IFRS15 in a projects-based environment
• Working knowledge of management and reporting of inventory including stock takes
• Demonstrable experience of taking a broader strategic approach (informed by financial expertise alongside commercial and business knowledge)
• Experience in preparing management accounts
• Accurate and comprehensive data presentation skills
• Strong Excel and IT skills
• Experience in a divisional role of a Group would be advantageous

Eligibility for Employment in the UK

In accordance with current legislative requirements within the UK, any successful applicant must produce verification of their eligibility to live and work in the UK. Such verification should be taken in advance of the employment start date and the applicant will be unable to start in their role until this has been received by Synectics Security.

Applying

To apply please email a covering letter with a full CV to hr@synecticsplc.com