Equifind are supporting a SME media firm in London to hire a fully remote 12 month FTC as a Finance Manager/ FC on a fractional basis. Candidates who are immediately available/ want to work remotely and come from a media/ professional services background are highly sought after for this role.
Role overview: Finance Manager/ Lead (12-month FTC). It is an initial 12m FTC, with potential for a longer term career.
The role
- First and only finance hire, building the function from scratch
- System – likely to be either: Xero or QuickBooks
- Managing the outsourced bookkeeping and payroll providers
- Reports to the co-CEOs, with a dotted line to the seed investors for investor reporting
Terms
- Fully remote, possibly with one or two days a month in the London office (TBC)
- Statutory benefits only, as it’s a start-up – to be reviewed after a year
- Good bonus, plus a long-term management incentive plan if the role becomes permanent
The role
A hands-on finance lead for a fast-growing, early-stage business. You will run the day-to-day finance function and manage the outsourced accountants and payroll provider. The core of the job is cash flow, receivables, payables and payroll. Media businesses pay suppliers and partners on different terms from those on which clients pay them, so disciplined working-capital management is critical. You will report directly to the Co-CEO and work closely with the commercial and operations teams.
Key responsibilities
Cash flow and forecasting
- Own a rolling 13-week cash flow and monthly forecast, reported weekly to the Co-CEOs against the funding plan and runway
- Give early warning of any cash pinch points
- Plan working capital around client, supplier and partner payment terms, and model funding scenarios
Accounts receivable
- Raise accurate monthly invoices from insertion orders and reconciled delivery data
- Run credit control and aged-debt reporting, and resolve billing queries and delivery discrepancies
- Agree credit terms and limits with new clients and agencies
Accounts payable
- Process supplier, data and technology invoices, matched to delivery and approvals
- Make payments to terms and keep accruals up to dateReconcile supplier statements and approve payments within delegated authority
Outsourced payroll
- Run the monthly cycle with the payroll provider, covering starters, leavers, PAYE, NI, pensions and expenses
- Check commission calculations, and keep payroll accurate and on time
- Maintain payroll records, auto-enrolment and year-end filings
Reporting and control
- Deliver month-end close and management accounts, including margin by client and channel
- Prepare board and investor reporting, keep the data room current, and own the monthly KPI pack
Tax, compliance and systems
- Coordinate VAT, corporation tax, statutory accounts and R&D tax credits with external accountants
- Manage FX exposure (GBP, USD, EUR), banking and insurance
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