"I was very impressed by the efficient manner in which Visionfr approached our brief. Upon providing clear direction on our requirements, the VisionFR team was able to consult with us to refine that brief before vetting and then delivering to us a great caliber of candidates at lightning speed from which to interview. I found the process seamless and swift."

David Shiell MD/Founder
Web Liquid Group

New Opportunitiespoint

Head of Finance – VFR2944

Role: Head of Finance

Contract: Full Time – 12 month maternity cover

Company : Creative Agency and Events

Location: London – Hybrid

Salary: £70,000 – £80,000

Start Date : January 2024

Reference: VisionFR 2944

VisionFR is helping to recruit for an exciting role as a hands-on Maternity cover Head of Finance in a rapidly growing creative studio with international clients.

The Head of Finance will provide strategic direction to the agency from a finance and commercial perspective ensuring that its systems and processes are suited to its current scale.

The agency has grown exponentially since inception in 2018 and is a small but close knit team delivering large and complex projects. The agency currently uses procim and has established financial management accountability through the introduction of rigorous systems and processes but there is more work to do here as the agency evolves.

The expectations of the Head of Finance are:

  • To provide Leadership team with robust and timely data with accompanying analysis to allow clear and informed decision making.
  • To provide commercial support to the teams ensuring that their planning and delivery is profitable.
  • To provide financial and commercial leadership within the agency in terms of expertise and supporting processes and systems improvement
  • To maintain robust financial controls, ensuring compliance with accounting standards and regulatory requirements
  • Manage a growing finance and operations team supported by an experienced part-time consultant
  • An excellent communicator and technically confident.
  • An Understanding of a creative agency financial model based on both Time and Materials and an ability to help improve the margins.
  • Curiosity of mind and an ability to foresee issues before they become problems.

Responsibilities of the Head of Finance include:

  • Management accounts preparation, analysis and reporting

P&L

Balance sheet

Performance dashboard

Performance narrative

  • Other planning and Reporting (to SLT and Board)

Short and long term financial planning

Forecasting

Performance against budget

Cash Flow projections

Ensuring there is sufficient working capital in the agency to facilitate its ambition

Management of International FX and currency transfer strategy

Identify and mitigate financial risks, including currency fluctuation, credit risk

Facilitating international business and growth plans of the agency from a financial and

operational perspective

  • Transaction management supervision (supported by a Finance Assistant& Production accountant)

Cash management and reconciliations

Invoicing and Credit Control

Supplier management

Credit cards and Expenses management

Weekly payment runs

  • Define, implement and manage processes to collect, monitor and report

Pipeline management

Project budgets (GP and project NP)

Project monitoring and reconciliations (GP and project NP)

Client procurement needs – ie. fee rates, rebates and commercial terms

  • Payroll processing
  • Statutory accounting and reporting

VAT/ TVA

PAYE

Companies House returns

Local market entity management

  • Accountant liaison (as required)
  • Establish relations with financial institutions and banking relationships
  • Lead and mentor the finance/ops team, provide guidance, support and professional development opportunities
  • Operations (via Ops team)

HR and talent support

Planning, monitoring and delivery of overhead expenditure

Insurance – company and project

Benefits and incentives

Systems, and tools inc Procim, Xero, banking systems, HMRC other productivity tools

Office and facilities

Requirements of the Head of Finance:

  • You are an experienced Finance Controller/ HOF with minimum 5 years of professional finance experience
  • You will have experience of managing a commercial model based on time and materials
  • Procim experience
  • Advanced Excel
  • Time Management Skills
  • Available to start in January 2024

VisionFR is committed to encouraging equality, diversity, inclusion and eliminating unlawful discrimination within our workforce and whilst fulfilling our Client recruitment needs.

Due to the high level of applications being received if you do not hear from us within 5 working days, please assume your application has not been successful on this occasion, usually due to other candidates having more relevant sector exposure, qualifications or required skills. We thank you for your interest.

Candidate registration