Finance Lead Transactions - UK/IRE

Finance / Gestion : Finance London, United Kingdom
Contract Type: Full-time


Description

Position at Lee Hecht Harrison (Global)

Finance Lead – Transactions - UK/IE

The Finance Lead Transactions is responsible for the management of UK&I billing, Accounts Receivable (AR) and Accounts Payable (AP) operations. The position will manage a team of approximately eight team members. This role assists the LHH UK field, Ireland field, Ezra business and UK based Global colleagues. Reporting to the Head of Accounting & Tax, this role will ensure accurate and timely invoicing (including global and centralized billing,) timely payment of suppliers, and improved DSO through focused cash collections.

The role will have additional duty to drive improved Governance and introduce IT sophistication over time, through the adoption of Group IT systems. The position will ensure compliance with audit, and HMRC requirements, in accordance with Adecco Group policies.

The focus of the role is to ensure robust, accurate and timely payments and collections and associated accounting for UK and IR entities (both UK Statutory and US GAAP internal reporting), as follows:

  • Drive improved performance through setting and regular review of KPIs, building a high performing team
  • Building successful networks with business colleagues so that process improvements can be made across the operation
  • Responsibility for setting and reviewing Governance procedures e.g., the management approval guidelines
  • Drive down aged debt and improve DSO/collections
  • Improve billing procedures, gaining ‘right first time’ accuracy, reducing debt
  • Setting up new processes to aid the Ezra business (UK is the major cost/transaction centre for the Ezra business, based London)
  • Manage Compliance with Adecco Group Policies
  • Coordinate system upgrades and changes, including interface with bank and treasury

Reporting Relationships:

      Head of Accounting & Tax

      Finance Director, UK & IR

Team Reports:

      Eight team members – 2x billing (Billing includes Billing Manager who is the direct report), 3x AR and 3x AP (AP includes an AP Manager who is the direct report)

Key Relationships:

      Financial Controller

      Finance Director

      Group Accounting

      Department Leadership – Business Partners

Location:

      London Office / Flexible working

 

Contract type: Permanent, Full-Time

 

In this role you can expect to

Key Accountabilities

      In charge of coordination and management of the respective AR, AP and Billing teams to ensure timely and accurate transactions

      Establish high performing team, motivated to deliver high standards of service to the business

      Establish strong relationship with the accounting team ensuring that transactions and balances are assured and accurately communicated

      Responsible for team to ensure prompt payments and minimizing debt by reviewing process and making recommendations for improvement

      Designing focused activity to drive aged debt downwards and improve DSO, through building strong process understanding with the sales support team

      Collects accounts by contacting customers referred by clerks; investigating circumstances of non-payment; negotiating and resolving conflicts; expediting payment.

      Setting KPIs and targets across the team to drive delivery excellence

      Design and implement simple improvements (including IT where possible) to the Order to Cash and Procure to Pay processes

      Provide regular performance reporting, for example, monitoring expenditures; identifying variances; implementing corrective actions where applicable.

      Ensuring that the control environment is fit for purpose in Accounts Payable driving improvements to process and ensuring that the Company Governance for approvals is implemented across the business and is evidenced

      Recommending changes to process to minimize fraud and where possible, saving cost

      Set up and regularly review the Management Approval Guidelines and ensure training is in place across the operation to aid the use and application of controls

      Assisting the teams with activity during periods of high-volume activity, where needed

      Meets accounts receivable operational standards by contributing information to strategic plans and reviews; implementing production, productivity, quality, and customer-service standards; resolving problems; identifying system improvements.

      Develop and maintain processes and controls to enhance group treasury

      Manage the administration of banking facilities, where needed.

      Support the control, ownership and process management of bank mandates, authorized signatories list, internet banking facilities, corporate credit card facilities, petty cash card facilities, direct debits, merchant facilities and certain other treasury related requests

      Team training and development

      Accomplishes accounts receivable human resource objectives by selecting, orienting, training, assigning, scheduling, coaching, counseling, and conveying job expectations; planning, monitoring, appraising job contributions; recommending compensation actions; adhering to policies and procedures.

 

Here's what you’ll need to succeed

      Experienced Finance Leads, with background of managing small/medium sized team in a related, finance or controllership environment

      Qualified Accountant preferred

      Significant history managing Transaction or Shred Services teams

      Ability to build strong management relationships and resolve cross-functional issues and drive new processes; Highly effective at building and maintaining business partner relationships

      Manages an effective team and builds team spirit, developing positive outlook and goals

      Highly organized, ability to work under pressure and to balance the workload

      Ability to appraise current processes and deliver key changes - Project Management or Change management history in a Financial Control environment, an advantage

      High levels of resilience; sustains momentum when faced with challenges. Balances competing demands and responds well to changed priorities

      Communicates effectively and inspires people at all levels whilst gaining the investment of others to drive towards and achieve a high-performance culture

      Able to analyze the root of a problem and identify solutions

      Planning and organization; consistently completes deliverables within deadline, within budget, and beyond expected quality

      Excellent organizational skills, with the ability to prioritize and meet tight deadlines whilst maintaining high levels of accuracy

 

About LHH

The world of work is ever-changing and unpredictable. Organizations are constantly fighting a battle to find and maintain their competitive advantage: their talent. To succeed, they can’t just rely on what works today, working tomorrow. They need to be ready for next.

 

LHH exists to help individuals, teams, and organizations find and prepare for what’s next. With integrated, end-to-end solutions that include Advisory, Professional Recruitment, Career Transition, and Learning & Talent Development, we are uniquely positioned to work together to make a positive impact on the future of every person we work with at every key career moment.

 

LHH is at the forefront of change to build a bigger, bolder workforce. Every day is a new day to prepare for, and we’re here to make sure the future works for everyone.

 

A division of the Adecco Group – the world’s leading HR solutions provider – LHH’s 8,000 colleagues and coaches work with 15,000 organizations in over 60 countries around the world. We successfully help close to 500,000 candidates to enhance their careers every year. Our local expertise, global infrastructure, and industry-leading technology allow us to manage the complexity of critical workforce initiatives and the challenges of transformation. It’s why most of the Fortune Global 500 companies choose to work with us.

 

This is LHH.

Ready for Next.

www.lhh.com

LHH is an Equal Opportunity Employer.

For additional information on our Diversity and Inclusion policy, please consult the following link:  https://www.lhh.com/us/en/diversity-and-inclusion