Financial Accountant – Cash & Forecasting

  • Full time
  • Yeovil, Somerset
  • Posted 2 weeks ago
  • July 14, 2022
  • £ Competitive

Financial Accountant – Cash & Forecasting

Reporting to the Financial Controller, you will own cash and balance sheet forecasting for Screwfix, delivering high quality forecasting, including insightful reporting – enabling the business to effectively manage cash and risk.

Key responsibilities

  • Own the fortnightly direct cash forecasting cycle for both Screwfix UK and ROI, including co-ordination, facilitation and management of wider finance teams who input directly into the process (commercial and operational finance).
  • Lead the monthly balance sheet and indirect cashflow forecasting process, ensuring that forecasts are accurate, complete and well understood. This includes investigation of variances to forecast, as well as reconciling between direct and indirect cashflow at a net cashflow level.
  • Lead annual budgeting for balance sheet and cashflow, working alongside the commercial finance team and the wider business to ensure that budgets are accurate, well documented and robustly controlled.
  • Build strong working relationships within and outside of the Finance team.
  • Provide support and input into the long-term plan process for cashflow and balance sheet, supporting the business in achieving its long-term objectives.
  • Provide oversight of the weekly forecast vs actual cashflow reporting, ensuring that variances are well understood and clearly articulated to senior management. This includes ensuring that recurring variances are investigated and resolved, improving the robustness and control over forecasting.
  • Provide accounting and reporting oversight for the Screwfix Foundation, ensuring that it remains compliant with all its obligations, including provision of appropriate and relevant reporting for Trustees and Charity commission requirements.
  • Work alongside key stakeholders ensuring the business is compliant with its obligations (including external audit & Group reporting guidelines), providing direction where necessary and escalating critical risks accordingly to the Financial Controller.
  • Review and monitors existing processes, engages Financial Controller with continuous improvement recommendations – updates lead and evolves necessary and agreed changes.
  • Support senior leadership with ad-hoc projects and subject matter expertise as required, acting as the custodian to both process control and accuracy in protecting the integrity of financial controls and accuracy.

Required skills

  • Person should be qualified ACA or ACCA or CIMA with financial accounting background and 2 years+ PQE experience.
  • Experience in retail or FMCG beneficial
  • Subject matter expert in cashflow forecasting and reporting.
  • Strong proficiency in Microsoft Office Excel essential

Other key requirements of the role include:

  • Attention to detail / strong analytical skills / ability to rapidly understand business operations and the inherent risks
  • Commercial awareness; understand the impact on business and those of their team
  • Ability to communicate difficult messages in a balanced way and work with all levels
  • Not afraid to tackle issues or appropriately challenge when problems occur.

Benefits

  • 33 days’ holiday
  • Award winning pension scheme – up to 14% Kingfisher contribution
  • Discretionary bonus scheme
  • 20% discount with Screwfix and B&Q
  • Discounted healthcare and life cover
  • Loyalty recognition & company share save scheme
  • In-house training and development

Sustainability at Screwfix

We are committed to running our operations sustainably and supporting our customers to make sustainable choices. We want every colleague to feel involved and to champion sustainability in their area, ensuring that sustainability is at the heart of how we work.

Follow us and find out more about #LifeAtScrewfix on LinkedIn, Instagram, and Twitter

Our policy is to employ the best qualified people and provide equal opportunity for the advancement of employees including promotion and training and not to discriminate against any person because of gender, race, ethnicity, age, sexual orientation, religion, belief or disability.

If you require any additional support or adjustments to help you make an application, please contact us at careers@screwfix.com

Job Overview
  • Salary
    £ Competitive
  • Job Category
    Accounting / Tax / Finance
Job Location