Head of Finance

Job title:

Head of Finance

Company

GKN Aerospace

Job description

Fantastic challenges. Amazing opportunities.GKN Aerospace is reimagining air travel: going further, faster and greener! Fuelled by great people whose expertise and creativity sets the standards in our industry, we’re inspired by the opportunities to innovate and break boundaries. We’re proud to play a part in protecting the world’s democracies. And we’re committed to putting sustainability at the centre of everything we do, opening up and protecting our planet. With over 16,000 employees across 33 manufacturing sites in 12 countries we serve over 90% of the world’s aircraft and engine manufacturers and achieved sales of £3.35 bn.in 2023. There are no limits to where you can take your career.Job Summary“Together We Rise”
It’s great to know you’re making a difference to the future of aviation! Whatever part you play you’ll be helping us deliver operational excellence to our customers. Based at our Luton manufacturing plant you’ll do just that. Established in 1993, GKN Aerospace in Luton is a world leader in commercial and military ice protection systems and transparencies. Offering a full range of capabilities; design, analysis, testing, certification and manufacture of electro-thermal ice protection, military fast jet canopies and flight deck windows to over 20 programmes including: Boeing 787, Dreamliner, Airbus A320, AgustaWestland, AW101, Eurofighter Typhoon and Lockheed, Martin F-22 Raptor. Our customers include Boeing, Airbus, Lockheed Martin, Bell Helicopters, Textron, BAE Systems, Pratt & Whitney, Leonardo. Our Luton site is home to 370+ employees and onsite facilities including onsite parking, food hub and vending machines.As Head of Finance you’ll be based at our Luton Manufacturing facility reporting to the Vice President of Finance (based in the U.S) within the Defence Business Line. You will be the most senior financial leader for the Luton site and will lead all financial and accounting practices & controllership fundamentals and ensure integrity of all financial data for the site.This position requires strong business and financial acumen as a key business partner to the Site Director and offers a unique opportunity to utilise diverse financial management experience and proven strategies to ensuring the business is executing on its commitments. To include achieving turn-around activities, optimising business practices and providing financial clarity that will enable the business to achieve its objectives, deliver margin expansion and cash generation, and improved operational performance.As Head of Finance for Luton, you will be responsible for managing all aspects of the site’s financial strategy, FP&A forecasting (development of short-range and long-term commits), planning/budget processes, financial modeling and scenario planning, and financials control in accordance for set policies and procedures. Overseas fiscal closing, consolidation & reporting activities, including oversight of robust transactional processing (Accounts Payable and Receivable), providing local management judgement, and reporting of financial results as well as ownership of statutory purposes including overall Profit & Loss (P&L), balance sheet and cash accountability for the site.Additionally, the Head of Finance will be responsible for partnering with the functional leadership and across the business in order to provide financial guidance and co-lead site priorities (e.g. improved budget management, inventory optimisation, production control/planning initiatives, cash deployment strategies) that will drive optimal results to achieve strategic, financial and operational objectives across the business. Support operational performance through mentorship, disciplined financial reporting and a broad application of business/financial principles. Communicate current and future business performance issues in a timely manner. The ideal candidate will also have experience in government contracting and manufacturing environments to in order to support new business capture strategies.Job Responsibilities

• Develop, lead and manage a team of accounting and FP&A professionals, providing all employees opportunity for growth and development
• Responsible for the development, implementation and control of systems and records for accurate reporting and recording of financial information (SAP ERP/Financial Ledger)
• Lead the strategic planning process of the business via creation of multi-year forecast covering revenue, expenses, working capital, fixed assets, and cash flows
• Partnering with the Site Director and broader Site Leadership Team to deliver on financial and operational commitments, performance improvements and develop future strategy
• Support continuous improvement on working capital and on the various elements to maximise cash conversion and enhance local cash deployment strategies
• Provide strong leadership to operating teams to support cross-functional development and communicate clearly on expectations responsibilities to increase accountability
• Maintain accounting procedures and controls to ensure transactions are properly recorded and to safeguard company assets
• Provide accounting policy interpretation and guidance to the accounting and operating teams, including the preparation of accounting position papers
• Leads Internal Audit, external audit and balance sheet reviews
• Ensure Disclosure Statement accurately reflects accounting practices and ensures compliance with Forward Pricing Rate Proposals (FPRPs)
• Develop solutions to complex business issues encountered within the businesses
• Direct special projects comprised of cross functional teams as needed
• Ensure business unit compliance with corporate policies and procedures as well as International Financial Reporting Standards (IFRS), and other applicable guidelines.
• Perform financial analysis and provide insights of impact from developments in operations on budget, forecast and actuals (variance to monthly, quarterly and full year outlooks)
• Participate in commercial evaluations and provide financial in support of business pursuits
• Maintain full compliance with all tax and duty regimes.

How You’ll ContributeTo help us make a difference, you’ll bring your passion and talent for what you do along with the following skills, experience, qualifications and attributes:
Essential:

• Recognised accounting qualification (ACA, CIMA, ACCA)
• Demonstrable experience of Financial leadership in an engineering or manufacturing environment
• Ability to work independently and meet hard deadlines
• Working knowledge of ERP systems and financial tools (SAP, OneStream, TM1)
• Evidence of an ability to instil sound financial management practices and experience of introducing first class management reporting and control processes
• Comfortable developing concise and clear executive-style presentations to support various reviews, forecasting cycles and monthly & quarterly performance briefings
• Advanced Excel, Power Point and Reporting skills

Desirable:

• Prior experience in FP&A and related financial
• Degree in Accounting or Finance
• Experience in a programme orientated environment with knowledge of Aerospace and Defence
• Demonstrate clear understanding and application of cost and indirect Forward-Pricing Rates (Overhead, Material Handling and SG&A) management techniques, including performance against budget and rate monitoring cadence
• Experience leading projects that drive continuous improvement

We are looking for people who want to make a difference, talented members with the skills and passions to become the best of the future in what they do. The Head of Finance will have an ability to influence, establish and maintain effective working relationships with internal and external customers and a proven ability to effectively handle complex situations and to perform effective financial analysis in order to derive appropriate solutions.What We’ll OfferOnce you’re on board you’ll get the following perks and benefits:

• Competitive salary dependent on experience
• £5,500 per annum car allowance
• The opportunity to earn up to 22.5% bonus
• Industry Leading Pension Scheme = we’ll match your contributions up to 8% on a 1 : 1.5 basis
• Life Assurance 8 x salary
• 185 hours holiday + bank holidays
• Income protection
• Shopping discounts
• Cycle To Work Scheme
• Employee Assistance Programme
• Virtual GP Clinic for you and immediate family
• Free onsite parking
• Local gym discount
• 50% off local travel card
• Free airport Dart
• Free airport parking
• Enhanced family friendly leave
• A collaborative, dynamic working environment

As well as a competitive package we’ll offer you a world of opportunity. We want to see your career fly! We’ll support your career progression by providing you with learning and development opportunities. That’s the beauty of being part of a global business, once you’re on board you never know where you career journey may take you!Join us and keep the world moving … click on the link below to apply#LI-ONSITE#LI-CH1We’ll offer you fantastic challenges and amazing opportunities. This is your chance to be part of an organisation that has proven itself to be at the cutting edge of our industry; and is committed to pushing the boundaries even further. And with some of the best training on offer in the industry, who knows how far you can go?A Great Place to work needs a Great Way of WorkingEveryone is welcome to apply to GKN. We believe that we can only achieve our ambitions through a coming together of diverse minds who enjoy collaborating in an inspirational environment. Through our commitment to diversity, inclusion and belonging and by living our five powerful principles we’ve created a culture where everyone feels welcome to contribute. It’s a culture that won us ‘The Best Workplace Culture Award’. By embracing and celebrating what makes us unique we encourage everyone to bring their full self to work.We’re also committed to providing an accessible recruitment process, so if you require reasonable adjustments at any stage during our recruitment process please get in touch and let us know.We are the place where human dreams, plus human endeavour, shape the future of aerospace innovation and technology. ​
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Expected salary

Location

Luton

Job date

Sat, 03 Aug 2024 05:29:00 GMT

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