Financial Controller

Norwich, United Kingdom | Posted on 03/09/2024

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.

Language: English AND Chinese

Responsibilities

1. Financial Planning and Reporting
1. Financial Planning and Analysis:
2. Developing and overseeing budgets and financial forecasts.
3. Conducting variance analysis to compare actual performance with budgeted figures including cost center expense.
4. Analyzing financial data to identify trends, inefficiencies, and opportunities for cost savings.
5. Preparing and presenting accurate and timely financial reports, including income statements, balance sheets, and cash flow statements.
6. Ensuring compliance with local financial reporting requirements.
2. Internal Controls and Compliance
1. Establishing and maintaining robust internal control systems to safeguard assets.
2. Ensuring compliance with financial regulations and standards.
3. Coordinating audits (internal and external) and implementing audit recommendations.

Operational Support

1. Production Control
1. Analyzing production data to identify bottlenecks or inefficiencies in the manufacturing process.
2. Collaborating with APU managers to develop solutions for scrap, rework, OEE, productivity and efficiency.
2. Supply Chain and Purchase Control
1. Evaluating the financial impact of supply chain decisions, such as sourcing materials from different suppliers or changing logistics partners.
2. 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
1. Identifying areas where costs can be reduced without compromising quality or production capabilities.
2. Implementing lean manufacturing principles, such as reducing waste, improving process efficiencies, and enhancing workforce productivity through targeted training programs.
4. Capex Control
1. Assessing the financial viability of proposed capital projects, such as new equipment purchases or facility upgrades.
2. Conducting cost-benefit analyses, projecting the return on investment (ROI), and providing recommendations to management on whether to proceed with the investment.
5. Inventory Control
1. Ensuring accurate inventory accounting and overseeing physical inventory counts.
2. 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.

• Excellent writing and communication skill in English and Chinese