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Plant Financial Controller / Permanent/ Norwich- £65,000-£75,000 p/a

Position 1 Recruitment are looking for Plant Financial Controller to join our client design, and engineering manufacturing site based in Norwich.

Plant Financial Controller one of key management team member, a Financial Controller reports to the Plant Manager and holds a crucial role, not only in managing the financial health, but also supports and enhances the operational efficiency and effectiveness so that cost control and profitability of the plant can be achieved while the plant achieve its production targets.

Key Responsibilities of Plant Financial Controller

Financial Planning and Reporting

Financial Planning and Analysis:

* Developing and overseeing budgets and financial forecasts.

* Conducting variance analysis to compare actual performance with budgeted figures including cost centre expense.

* Analyzing financial data to identify trends, inefficiencies, and opportunities for cost savings.

Financial Reporting:

* Preparing and presenting accurate and timely financial reports, including income statements, balance sheets, and cash flow statements.

* Internal Controls and Compliance:

* Establishing and maintaining robust internal control systems to safeguard assets.

* Ensuring compliance with financial regulations and standards.

* Coordinating audits (internal and external) and implementing audit recommendations.

Operational Support

* Production Control:

* Analyzing production data to identify bottlenecks or inefficiencies in the manufacturing process.

* Collaborating with APU managers to develop solutions for scrap, rework, OEE, productivity and efficiency.

* Supply Chain and Purchase Control:

* Evaluating the financial impact of supply chain decisions, such as sourcing materials from different suppliers or changing logistics partners.

* Action: Working with the procurement team to negotiate better terms with suppliers and optimize the supply chain to reduce costs and improve reliability.

* Cost Reduction Initiatives:

* Identifying areas where costs can be reduced without compromising quality or production capabilities.

* Implementing lean manufacturing principles, such as reducing waste, improving process efficiencies, and enhancing workforce productivity through targeted training programs

* Inventory Control:

* Ensuring accurate inventory accounting and overseeing physical inventory counts.

* 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.

* Capex Control:

Assessing the financial viability of proposed capital projects, such as new equipment purchases or facility upgrades.

Conducting cost-benefit analyses, projecting the return on investment (ROI), and providing recommendations to management on whether to proceed with the investment.

Cross-Functional Collaboration:

* Acting as a liaison between the finance department and other department to ensure financial considerations are integrated into daily operational decision.

* Facilitating regular financial review meeting with cross-functional teams to discuss financial performance and operational issues.

Your Qualifications & Skills

* Bachelor or above academic degree with relevant major

* More than 8 years working experience in manufacturing.

* ERP skill, i.e. SAP FI/CO