Job Description
FD Recruit is partnering with an entrepreneurial, privately owned construction sector group to appoint a Finance Director. Established for almost two decades, the group has built an excellent reputation for a premium service and continues to grow, with a clear plan to fund further growth and acquisitions.
This role would suit a CFO or Director of Finance with the experience and capability to lead finance across a group of companies operating independently, acting as a trusted advisor to the owners. The role will start hands-on, focused on the largest business in the group. There is also a need for the FD to be a strategic partner, supporting the owners on growth, new businesses and debt-funded acquisitions, and acting as FD for any businesses added to the group.
Key responsibilities
- Lead the annual budgeting process for every business in the group, working with stakeholders to build budgets they own and are accountable for delivering
- Use approved budgets as the basis for all management accounts, including monthly budget vs actual reporting, variance analysis and forecasting
- Hold regular performance reviews with each business’s stakeholders, identifying variances, challenging constructively and agreeing corrective actions
- Produce detailed reporting for each business and present to the owners, highlighting performance against budget
- Provide full financial leadership of the largest business, including management accounts, cash flow, forecasting and reporting to the owners
- Oversee the Finance Managers in each business, ensuring reporting is consistent, accurate and on time
- Own the banking relationship, including facilities, reporting requirements and covenant compliance
- Manage the group’s bonding arrangements and maintain strong relationships with bond providers
- Develop and deliver a funding strategy to support growth, including raising and managing debt for acquisitions
- Support the owners in identifying and evaluating acquisitions, including financial modelling, due diligence, deal structuring and post-acquisition integration
- Act as FD for any new businesses brought into the group
- Act as a trusted adviser to the owners, giving clear, honest financial insight on key decisions
- Build and manage strong relationships with external partners, including the bank, bond providers, accounting partner, auditors and tax advisers
- Represent the group professionally with lenders, investors and parties involved in acquisitions or new ventures
Experience and skills required
- Qualified accountant (ICAS, ACA, ACCA or CIMA) with FD or senior finance experience in an SME or multi-entity group
- Experience running a structured annual budgeting process across multiple businesses or divisions
- Proven experience managing banking relationships, debt facilities and covenants
- Experience with bonding facilities, ideally within construction, M&E or contracting
- A track record of acquisitions, including raising acquisition finance and integrating businesses
- Experience working closely with business owners, ideally in a privately owned business
- Sector experience in construction, M&E or related sectors is an advantage
- Hands-on and practical, but able to think strategically
- Able to engage non-finance managers in budgeting and hold them accountable, while keeping good working relationships
- Excellent communication and relationship-building skills, with the confidence to challenge constructively
- Able to explain financial information clearly to non-finance people
- Trustworthy, discreet and personable: someone the owners will see as a long-term partner in the business
The salary advertised for this role is a guideline and the salary offered will be commensurate with experience.