Financial Controller
Posted Updated
Description
Our client, a renowned global manufacturer of Power Drive System solutions, is seeking a talented Financial Controller to join their team in Norwich.
As a leading player in the industry, this company offers a diverse portfolio of products, including motors, inverters, generators, power supply batteries, transformers, and more. With a global footprint and a commitment to excellence, they are looking for individuals who share their dedication to delivering cutting-edge solutions.
Location: Onsite working in Norwich, UK
Language: English AND Chinese
Responsibilities:
Financial Planning and Reporting:
1. Financial Planning and Analysis:
• Developing and overseeing budgets and financial forecasts.
• Conducting variance analysis to compare actual performance
with budgeted figures including cost center expense.
• Analyzing financial data to identify trends, inefficiencies, and
opportunities for cost savings.
2. Financial Reporting:
• Preparing and presenting accurate and timely financial
reports, including income statements, balance sheets, and
cash flow statements.
• Ensuring compliance with local financial
reporting requirements.
3. Internal Controls and Compliance:
• Establishing and maintaining robust internal control systems
to safeguard assets.
• Ensuring compliance with financial regulations and
standards.
• Coordinating audits (internal and external) and
implementing audit recommendations.
Operational Support:
1. Production Control:
• Analyzing production data to identify bottlenecks or
inefficiencies in the manufacturing process.
• Collaborating with APU managers to develop solutions for
scrap, rework, OEE, productivity and efficiency.
2. Supply Chain and Purchase Control:
• Evaluating the financial impact of supply chain decisions,
such as sourcing materials from different suppliers or
changing logistics partners.
• Action: Working with the procurement team to negotiate
better terms with suppliers and optimize the supply chain to
reduce costs and improve reliability.
3. Cost Reduction Initiatives:
• Identifying areas where costs can be reduced without
compromising quality or production capabilities.
• Implementing lean manufacturing principles, such as
reducing waste, improving process efficiencies, and
enhancing workforce productivity through targeted training
programs.
4. Capex Control:
• Assessing the financial viability of proposed capital
projects, such as new equipment purchases or
facility upgrades.
• Conducting cost-benefit analyses, projecting the
return on investment (ROI), and providing
recommendations to management on whether to
proceed with the investment.
4. Inventory Control:
• Ensuring accurate inventory accounting and overseeing
physical inventory counts.
• Analyzing inventory turnover rates and identifying slow moving or obsolete inventory. Working with the supply chain
team to optimize inventory levels and reduce carrying costs.
Cross-Functional Collaboration:
1. Acting as a liaison between the finance department and
other department to ensure financial considerations are
integrated into daily operational decisions.
2. Facilitating regular financial review meetings with cross functional teams to discuss financial performance and
operational issues.
3. Supporting new product development including cost
estimation, price strategies and profitability analysis.
Requirements
• Honesty and integrity with respective manner
• Bachelor or above academic degree with major in finance, accounting or other similar disciplines.
• 5+ years of finance working experience in manufacturing.
• ERP skill, i.e. SAP FI/CO
• Strong Microsoft skills
• Excellent writing and communication skill in English and Chinese