Head of Finance - Newcastle upon Tyne

Up to 65k + Bonus

Date Posted: Friday 25 November 2022

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About the role;

As Head of Finance you will ensure that adequate financial controls exist to protect the company’s assets and to mitigate financial risk.
This role involves providing all sources of financial management reporting for the Company, ensuring that reports are accurate, effective, and delivered to agreed timetables. Ensure that underlying data sets are appropriately managed and controlled.
Who are we?
TSG (Technology Services Group) are a Managed IT Services provider servicing businesses UK Wide. At TSG our people have a passion for delivering exceptional customer service, something which is proven in our consistent world class NPS score of +80. Our values are based around Quality, Ownership and Passion and these sit at the core of our business, helping us to achieve our mission.
Why should I work for TSG?
It is our people that make TSG what it is and a great place to work. We put a lot of work in to creating a trusted, open, fair culture and as a result, we have been named as one of the ‘UKs Top 100 Best Large Companies’ and one of the ‘Top 50 Technology Companies’ to work for. In addition, we have been awarded a 2 star accreditation for ‘Outstanding’ employee engagement. 
Here’s why;  
  • Our open and honest culture where feedback is taken on-board and acted upon
  • The monthly wellbeing check-ins we complete with all staff and the support provided off the back of those where needed
  • Our social events. In addition to regular virtual quizzes and other ad hoc team building events, we launched the very first ‘TSG Festival’ in 2021, Team TSG’s feedback was so positive that we have another amazing all staff festival arranged for 2022
  • Two paid CSR days per annum that you can use towards giving something back
  • Our charity fundraising - TSG have raised over £20,000 in the last 2 years for our current chosen charity Mental Health UK. We have also recently launched our very own ‘TSG Foundation’
  • Our responsibility as a business to the environment as we are working towards becoming a net carbon zero business
  • Flexible working policy
  • Relaxed dress policy
  • Excellent progression opportunities, training and support, including recognised qualifications
Job responsibilities will include, but are not limited to;
  • Provide the business with ‘live’, Weekly & Monthly MI, as well as adhoc reporting
  • Produce annual statutory accounts which comply with all relevant regulations, liaising with TSG’s external auditors
  • Prepare annual budgets and quarterly reforecasts
  • Prepare weekly & monthly cash flow forecasts
  • Carry out Monthly MI reviews with Functional Heads
  • Manage taxation reporting and all direct/indirect taxation matters, liaising with TSG’s external advisors and HMRC where appropriate
  • Review all Balance Sheet reconciliations, along with specific key reconciliations around Billing Platforms, Deferred Income and Work In Progress (AROC)
  • Review the weekly & quarterly cashflow forecast, highlighting potential issues against available funds/facilities
  • Formulate and implement treasury management procedures to ensure that any excess funds are utilised and any applicable financial covenants are monitored and managed
  • Work with external funders where appropriate, providing any required financial information in line with agreed timetables
  • Ensure the accurate and efficient processing of supplier invoices to a defined and visible timetable and set of KPIs
  • Ensure adequate controls are in place to ensure all supplier liabilities are accurately recorded and to protect TSG from fraud
  • Ensure the accurate and timely processing of employee expense claims
  • Act as a point of escalation for requests for non-standard payment or invoicing terms
  • Support the Credit & Billing Manager to ensure timely, accurate, complete and professional invoicing of all goods, services and support/subscription billings
  • Act as a point of escalation for requests for non-standard or amended contractual terms
  • Support the Credit & Billing Manager to ensure that CRM contains a complete and accurate view of all “recurring” income streams
  • Drive continuing development to enhance MI reporting and automation of key tasks through better use of business systems, integrating with other systems where possible
  • Ensure that core systems (NAV, CRM, aBILLity) are configured and developed in such a way as to maximise efficiency across all transactional teams
  • Ensure appropriate controls for all spend categories, including Capex
  • Identify potential accounting issues, researching options and liaising with external advisors in order to provide the board with guidance on the most appropriate policies
  • Implementing suitable financial controls/processes to ensure reported figures are free from material misstatement
  • Act as backup for payroll sign off (to the CFO) as well as supplier and payroll payments
Knowledge, Skills & Experience;                       
  • ACA/CIMA or similar
  • Strong technical accounting background
  • Ability to interact and influence board members and the senior management team
  • Strong understanding of the business model, and specific accounting considerations in the IT sector
  • Excellent team management and organisational skills
  • Able to adapt to, embrace and lead change
  • At least 5 years’ post qualified
  • Experience of managing audit processes, delivering group accounts and of implementing new systems. Specific experience of integrating systems and control measures would be beneficial.
  • Demonstrates enthusiasm and proactively seeks opportunities to improve
  • Demonstrates commitment to the role, team, and company, and will go the extra mile when required
  • Demonstrates creativity and reacts positively to new challenges and change
  • Company bonus scheme
  • 25 days annual leave + public holidays
  • Life assurance 4 x Salary
  • Contributory pension scheme at 4% matched
  • Perkbox discounts
  • Paid CSR Days
  • Company sick pay
  • Income protection cover
  • Enhanced Maternity and Paternity pay
  • Home-based and hybrid opportunities
  • Long service benefits including increased annual leave accrued with service
  • Cycle to work scheme
  • Employee recognition scheme
If this sounds like the role for you, please apply today to be considered.