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Head of Finance

head of Finance

INEOS O&P


Location    

HQ1 Grangemouth

We have an exciting opportunity at INEOS for a Finance Shared Service Manager to join our Finance team based at our site in Grangemouth, Scotland.
This is a permanent, full time role.

What we can offer you:

  • Competitive salary and benefits package
  • Participation in our annual bonus plan
  • 30 days annual holiday plus 4 public holidays
  • Generous pension contributions
  • Employee Assistance Programme
  • Flexible Benefit Platform
  • Life Assurance Cover
  • Free on-site car parking

Job Description

The Finance Shared Services Manager will ensure that the income and expenditure, including treasury, purchase to pay, order to cash, capital, intercompany and all other financial transactions are accounted for in the accounting records of the UK/Swiss registered companies on behalf of INEOS Olefins and Polymers Europe, INEOS FPS and several other smaller INEOS businesses predominately based on the Grangemouth site in accordance with the IFRS accounting rules, Group policies and procedures so that monthly management accounts and annual statutory accounts can then be prepared in an accurate and timely manner.

The role includes a position within the leadership team, a fundamental element of the role is the active coaching and development of the more junior members of the team acting as a role-model in your approach and actions,  participating in key projects as SME for financial accounting matters. You will take hands on approach supporting the team leads particularly on the annual statutory accounts preparation and review process.  The role will report to the CFO for Olefins & Polymers UK.

The purpose of this role is to organise the Transactional Finance Team to ensure all ACTUAL historical financial information is accounted for and reported on accurately and within strict deadlines.
The role holder will be able to organise and direct all elements of Financial Accounting to ensure accurate Management and Statutory Accounts can be prepared for the legal entities under our control.

The post holder will also be able to develop strong relationships with other the other Finance and Business functions to work collaboratively across all business functions to enable efficient and accurate management account preparation and reporting. The candidate must possess excellent technical accounting skills, detailed analytical skills and the ability to problem solve. Finally, the candidate must be able to demonstrate strong written and verbal communication skills.

  • No of UK and Swiss legal entities with direct responsibility 12, turnover approx. €9bn annually. Team of 40 people with 4 direct reports

Principle accountabilities

  • Responsible for transactional accounting service including but not limited to Financial and Statutory reporting, Treasury, Accounts Payable, ERP systems and BI reporting control.
  • Responsible for ensuring the accounting systems are operating efficiently and effectively supervising the Systems Administrator effectively.
  • Ensure that, each month, all financial transactions, for the aforementioned areas are accounted for accurately for INEOS Group.
  • Close the month end in line with the timetable.
  • Coordinate the preparation of the monthly balance sheet reconciliations each month and ensure that they are reviewed and approved.
  • Complete any legal financial returns for the company as directed by the business CFO’s.
  • Provide the monthly VAT returns information to the appropriate authorities.
  • Provide any other tax information to the Tax Manager as required
  • Support the annual budgeting and regular forecasting processes with information as required.
  • Support the risk assessment system as required.
  • Support the continuous improvement processes as required.
  • Support the business and financial and planning analysts in providing historical financial information when required or to show the requestor where, in the system, the information can be found
  • Support the Group Tax and Treasury team in providing accurate financial information where required.
  • Ensure all key financial controls are operating as required and work with the Risk and Controls Manager to ensure all the controls that are in existence are required and redundant controls are retired.
  • Supervising and appraising staff.
  • Continually challenge current thinking and make recommendations on how to optimise business opportunities and minimise risk/cost to the business.
  • Any additional ad hoc duties as required.

Qualifications and experience

The Finance Shared Services Manager will require to have:

  • Qualified Accountant ACA, ACCA, CIMA (or overseas equivalent) with significant PQE.
  • Previous experience of accounting for a significant organisation with proven abilities in producing accurate management accounts and statutory accounts.
  • Experience in a leadership role in a Finance Shared Services team or managing large transactional finance teams.
  • Have had experience of successfully managing Accounting IT systems.
  • Strong analytical skills with the ability to effectively problem solve and follow through to resolution.
  • Have proven experience of dealing successfully with Auditors
  • Have proven experience of being in part of a finance team which has successfully managed through a major financial transaction for example a purchase or a sale or a refinancing activity.
  • Have proven experience of accounting in a company which has gone through a significant change programme.
  • Have experience being part of a strong effective finance team which has been successful in delivering strong financial controls efficiently and effectively throughout an organisation.
  • Have experience of working in groups with multiple locations.
  • Commercially astute with a proven record in leading successful businesses.
  • Ability to build strong, open and communicative working relationships across all areas of the business is essential.
  • High level of working knowledge of MS Office applications, Excel in particular,
  • Excellent communication skills – written and oral
  • Experience of effectively communicating to and interacting with colleagues at all levels, including senior managers
  • Ability to effectively organise work and perform well under pressure with minimal supervision
  • Experience in working and delivering to tight timetables

Framework and boundaries

The role is an important contributor to the INEOS Group Finance function and trusted to produce accurate a timely management and statutory accounts and the supplementary reporting. It requires a clear understanding of the business strategy, competitive pressures and the necessary financial arrangements required to achieve its goals.

How to Apply

Interested candidates should submit their CV and press apply

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