What Does A Head of Finance Do?

WHAT DOES A HEAD OF FINANCE DO?

Updated: Jul 29, 2025 - The Head of Finance leads the finance function, overseeing both in-house and outsourced bookkeeping, and serves as a strategic business partner to the CEO and other senior leaders. The role involves managing the end-to-end financial reporting cycle, including board-level monthly packs with commentary, annual budgets, cash flow forecasting, and KPI dashboards. This position also liaises with investors and key stakeholders, ensures timely and accurate reporting, and provides commercial insights to support pricing, contract negotiations, and standardized financial controls.

A Review of Professional Skills and Functions for Head of Finance

1. Head of Finance Duties

Executive Leadership: Report directly to the Chief Executive Officer (CEO)
Financial Oversight: Responsible for the Finance Department of the client and the operational management of various service areas
Resource Optimization: Ensure resources are maximized to meet targets and objectives.
Strategic Contribution: Contribute to the corporate management of the Hospice and the achievement of organizational priorities and key service imperatives
Service Improvement: Secure improved services to all patients and service users.
Team Management: Manage, motivate, and influence staff to deliver across a range of key targets
Quality Assurance: Patient and service user access and quality of care services within agreed budgets.
Governance Leadership: Leads on issues related to Risk, IT, and Information Governance for the organization.
Financial Planning: Develop a medium-term financial model.
Performance Metrics: Produce metrics to determine the impact of key developments.
Stakeholder Engagement: Liaise with various stakeholders
Supervisory Management: Line management of finance managers.
Financial Strategy: Provide expert financial advice and strategy to a variant

2. Head of Finance Details

Strategic Planning: Build out the roadmap for decision-making (e.g., unit economics, pricing strategy, marketing spend controls).
System Implementation: Introduce and evolve best-practice systems to Picnic (e.g., quarterly forecasting, monthly budgeting, purchase order processes).
Tech Implementation: Vet and implement stage-appropriate technological solutions for PicnicHealth’s financial technology needs (e.g., budget management, expense tracking, accounting software).
Cross-Functional Collaboration: Collaborate effectively with teammates in marketing, operations, technology, and sales to understand the key drivers in the business and guide decision-making.
Team Building: Build out the finance function as well as participate in other Company-wide hiring initiatives during this exciting stage of growth.
Team Management: Handle a team of financial experts and provide constant coaching.
Business Development: Partner with the team and business partners to develop business ventures and drive accountability via regular financial reporting and analyses.
Accounting Oversight: Oversee accounting activities and ensure internal audit compliance with financial regulations.
Marketing Analysis: Report ROI of marketing programs, analyze data to drive decision-making, and provide key insights to leaders.
Risk Forecasting: Forecast expenses in consideration of risk and opportunities.
Resource Management: Support yearly planning, resource allocation, and manage cash flow.

3. Head of Finance Responsibilities

Strategic Planning: Define the strategy for the company’s financial position and a multi-year plan for its employees.
Team Leadership: Effective day-to-day leadership and operational guidance of staff and work processed within the Finance, HR, and Legal teams (3 FTE’s, and growing).
Objective Setting: Ensure clear objectives and deliverables.
Financial Accuracy: Ensure accurate financial reporting towards key stakeholders and filing of the annual accounts.
Stakeholder Management: Manage relations with the statutory auditors, banks, and shareholders in collaboration with and under guidance from the CEO.
Budget Oversight: Oversee forecasting and budgeting activities as part of the recurring strategic planning exercise.
Treasury Management: Lead the treasury and cash management position of the company (including cash flow planning, FOREX hedging, etc.).
Process Definition: Define key finance processes and systems, and ensure sufficient business controls.
Policy Development: Define the policies and processes necessary to guarantee the good management of financial resources and projects of the organization.
Risk Policy: Define a risk management policy for the organization and develop a procedure for identifying, processing, and monitoring the various risks.
HR Leadership: Lead HR projects, ensuring continuous improvement and delivery of the HR function in supporting the goals and strategy of the business.
HR Accountability: Accountable for the successful delivery of HR services to the business.
HR Support: Ensure operational and strategic HR support, advice, and delivery to People Managers and teams.
Policy Setting: Define the company’s internal policies.

4. Head of Finance Accountabilities

Strategic Support: Act as the CEO's right-hand, supporting any strategic and operational plan with detailed financial analysis.
Strategic Collaboration: Collaborate with the Management team on the definition of strategies and financial objectives.
Strategic Leadership: Cooperate in defining the company’s strategic planning, lead the financial forecasting with data analytics, and budget scenarios and define short/long-term goals.
Financial Reporting: Provide financial and accounting reports and detailed variance analysis (P&L, cash flow, and BS) to management and Investors, on a monthly, quarterly, and annual basis.
Management Control: Set up the management control processes, tools, and procedures to monitor and analyze trends and deviations, taking an active part in the proposal of corrective or improvement actions.
Financial Coordination: Coordinate and manage the preparation of Financial Statements, including management of the Company's corporate books, preparation of the P&L and Cash flow forecast, etc.
System Integration: Design, integrate, and implement financial best practices and systems.
Policy Oversight: Create and oversee the Group Policies to improve the accounting process by promoting solutions to possible problems and reducing manual activities.
External Liaison: Be the main referral to third parties: external auditors, administrations, and external consultants.
Profitability Improvement: Assess with ad hoc analysis and lead cross-functional projects to improve profitability (BD, Marketing, Product, HR, etc).

5. Head of Finance Functions

Financial Management: Manage overall finance and accounting function for smooth operation and deliver business and financial targets.
Policy Development: Play a key role in setting up best business practices and policies both for the department and across functions.
Budgeting: Responsible for budgeting exercises with an understanding of all forecast variables and numbers.
Risk Management: Evaluate and proactively be involved in the risk management of business and financial operations.
Financial Advisory: Help BU/departments and management in decision-making through financial analysis and financial forecasting.
Operational Control: Manage day-to-day Finance and Accounting activities of the company, including control of financial resources, forecasting of cash flow, and anticipation of relevant taxes.
Project Analysis: Perform feasibility studies for new commercial projects/initiatives to support business decisions.
Regulatory Compliance: Ensure that all Finance and Accounting transactions, systems, and procedures comply with regulations, accounting principles (GAAP), and standards.
Performance Management: Monitor and conduct performance management for annual performance review, train and develop personnel to ensure an efficient and highly skilled workforce to meet the department and organizational goals/activities.
Strategic Analysis: Perform as a strategist to analyze data to guide commercial decision-making and as the catalyst for change.
Audit Management: Drive both external and internal audits as required for areas of responsibility and ensure that all finance functions are met with an audit point of view.

6. Head of Finance Roles and Responsibilities

Revenue Development: Drive revenue opportunities by cultivating strong business partner relationships with agency clients.
Operational Strategy: Devise effective solutions to address operational challenges.
Financial Reporting: Oversee the preparation and accuracy of all financial reporting.
Budget Management: Administer the company budget and develop reports to identify areas for financial improvement.
Financial Planning: Manage forecasting and financial planning processes to support business goals.
Performance Reporting: Prepare and distribute monthly operational performance reports to key stakeholders.
HR Collaboration: Collaborate with the HR administration team to align financial and personnel planning.
Business Support: Manage additional ad hoc duties to support business operations.

7. Head of Finance Duties and Roles

Strategic Planning: Contribute to the development of long-term and strategic planning.
Business Partnering: Provide the leadership team and functional heads with business partnering, advice, insight, and analysis.
Team Leadership: Provide leadership to the support functions, including performance management, KPI's and direction.
Operational Support: Ensure that the Support function meets the needs of the business.
Financial Systems: Maintain and develop robust financial systems and procedures.
Cash Flow Management: Control cash flow to ensure that the business operates within its banking facilities.
Budget Coordination: Lead and coordinate the annual budget process.
Regulatory Compliance: Ensure that online filings for Statutory Accounts, Corporation tax, VAT, Payroll, and Pensions are all submitted on time.

8. Head of Finance Responsibilities and Key Tasks

Process Improvement: Improve, develop, and implement new procedures within the finance function.
Financial Modeling: Create and maintain both short-term and long-term financial models to support business scaling.
Reporting Preparation: Prepare financial reports and statements for presentation to senior management.
Management Accounting: Compile monthly management accounts with accuracy and timeliness.
Forecasting and Planning: Build forecasting models and manage cash flow, budgets, and financial planning.
Compliance Reporting: Prepare balance sheets in line with reporting schedules and compliance standards.
Decision Support: Produce profit share reports and support decision-making with clear financial insights.
Performance Analysis: Demonstrate business performance by summarizing trends and results across key company projects.
Strategic Advising: Collaborate closely with department heads to advise on strategy and propose innovative ideas.
Financial Strategy: Set and support strategic financial objectives aligned with business goals.
Systems Utilization: Utilize current financial systems effectively, including Xero, Fathom, and FloatApp.

9. Head of Finance Roles and Details

Team Operations: Smooth and efficient operation of the central finance team and delivery of accurate and timely financial reporting.
Budget Oversight: Oversee, review, and adhere to the Company budget.
Regulatory Compliance: Ensure company financial practices are in line with statutory regulations and legislation.
Business Analytics: Ensure business analytics and benchmarking to facilitate better and more timely decision-making.
Stakeholder Relations: Create and maintain relationships with service providers and contractors, including banking institutions and accountants.
Policy Implementation: Update and implement financial policies and procedures.
Succession Planning: Work with the HR department to ensure a succession plan within the department.
Cash Flow Improvement: Manage and develop plans to improve company cash flow.
Financial Advising: Work with and advise the finance and operations teams on solid financial decision-making to increase profit.
Cost Management: Assess company spending and work to drive value/reduce costs.

10. Head of Finance Key Accountabilities

Executive Reporting: Report to the CEO/founder, supervising outsourced accountants.
Financial Forecasting: Forecast monthly, quarterly, and annual results.
Budget Approval: Approve or reject the budget.
Risk Management: Conduct risk management.
Investment Evaluation: Evaluate and decide on investments.
Resource Allocation: Allocate resources and manage cash flows.
Profit Analysis: Conduct profit and cost analyses.
Data Security: Develop secure procedures to maintain confidential information.
Regulatory Compliance: Ensure all accounting activities and internal audits comply with financial regulations.
Funding Consultation: Consult board members about funding options.
Cost Reduction: Recommend cost-reducing solutions.

11. Head of Finance General Responsibilities

Team Leadership: Manage an experienced team that covers a wide range of Financial Accounting, including fixed assets, finance leases, bad debt provisioning, and payroll.
Team Development: Provide coaching and development to team members.
Business Partnering: Responsible for Finance business partnering for Group Directors (IT, Finance, HR).
Cost Analysis: Provide analysis and challenge of the cost base, identifying areas for cost improvement opportunities.
Management Accounting: Oversee the preparation of monthly management accounts, review of associated balance sheet reconciliations, and ownership of the planning activity.
Compliance Assurance: Ensure Group requirements are met and comply with internal and external requirements.
Cost Governance: Ensure a robust process is adhered to for consolidated invoicing and distribution of costs across the operating divisions, ensuring governance and approval processes are adopted.
Supplier Coordination: Liaise with procurement and external suppliers to ensure the most efficient processes are in place.
Share-Based Payments: Prepare and model the group share-based payments calculations, ensure the calculations not only comply with accounting standards but also consider key financial and strategic options.
Restructuring Accounting: Responsible for accounting for Restructuring and Exceptional costs across the group, ensuring they fully comply with company policies.
Asset and Lease Accounting: Ownership of the overall Group fixed asset and lease accounting processes, and delivering significant process improvement across these areas.
Process Improvement: Lead systems and process improvement, including internal control framework development and acquisition integration to deliver effective outputs.
Control Framework: Oversee initiatives to improve the internal control framework.

12. Head of Finance Role Purpose

Financial Operations: Monitor and manage the day-to-day financial operations within the company, such as invoicing, cost records, treasury, and other transactions.
Team Oversight: Oversee financial department employees, including financial assistants and accountants.
Financial Reporting: Review financial data and prepare in-time weekly, monthly, and annual financial reports following Group policies with performance analysis compared to the Budget and latest forecasts.
Cash Flow Forecasting: Provide accurate and timely forecasts about cash flow weekly, and in-depth review each month, to jeopardizing operations due to cash shortfall.
Bid Support: Provide Bid and Commercial support through involvement and providing expertise in cost controlling and updates.
Industrial Control: Set up and follow up on an industrial control system at the plant level.
Budget Coordination: Oversee the budget process of the company along with other local managers in agreement with Group policies, and prepare the relevant reports/documentation for the Holding company.
Decision Support: Provide insightful information and expectations to local and Group managers to aid in long-term and short-term decision making.
Performance Tracking: Track the company’s financial status and performance to identify areas for potential improvement, seeking out methods for minimizing financial risk.
Team Culture: Promote a team culture within the company oriented to meet budgeted/forecasted results and targets.
External Services: Contract outside services for tax preparation, auditing, banking, investments, and other financial needs, in agreement with Group policies and the Group CFO.
Policy Management: Establish and maintain financial policies and procedures for the company based on the Group policies.

13. Head of Finance Essential Functions

Finance Leadership: Report to the CEO and lead all finance functions, including the external and internal reporting, as well as the preparation of monthly shareholder updates and board meetings.
Financial Modeling: Lead a team to build and maintain detailed financial models and forecasts to support both short- and long-term strategic planning.
Business Analysis: Conduct ongoing analysis of key business drivers, trends, and performance indicators, and work closely with growth, product, and marketing to devise strategies around analytics and growth.
Metric Reporting: Regularly present analyses and reports on relevant operating and financial metrics in an easy-to-understand format.
Operational Management: Lead on all operational matters locally, from building budgets to devising best-in-class processes.
Team Management: Manage a small team to establish priorities, set objectives, and provide guidance and feedback.
Tax Compliance: Oversee tax filings and compliance documentation.
System Implementation: Implement systems to automate and scale the business across multiple global locations.
Culture Development: Help make the company a fantastic place to work.

14. Head of Finance Additional Details

Process Implementation: Document, implement, and operate financial management processes appropriate to the size and complexity of the organization.
Control Monitoring: Monitor and review the effectiveness of financial controls to ensure all relevant statutory, regulatory, and investor requirements are met.
Budget Preparation: Collaborate with budget holders and prepare the annual budget for executive management, ensuring external requirements are satisfied.
Regulatory Compliance: Ensure compliance with all relevant financial legislation, regulations, and guidelines, including statutory filing requirements, minimum wage, pension schemes, and related obligations.
Cash Flow Management: Monitor and manage cash flows to support effective business operations.
Stakeholder Relations: Maintain strong working relationships with bankers, auditors, and investment managers.
Payment Management: Manage all due payments on time, utilizing available funds efficiently and economically.
Team Development: Develop and train the finance team.
Regional Cooperation: Foster strong relationships and cooperation with regional headquarters.

15. Head of Finance Roles

Team Leadership: Lead the finance team, including in-house or outsourced bookkeeping function.
Business Partnering: Work closely with the CEO and other business heads as the finance business partner and drive the usage and implementation of standardised processes and controls.
Board Reporting: Provide the full finance pack with commentary for monthly board review.
Investor Relations: Liaise directly with investors and other key stakeholders for reporting and group-level requirements.
Budget and Cash Flow: Prepare and own annual budgets and cash flow.
Contract Review: Review and recommendations for key customer and supplier contracts and support for pricing and negotiation.
Revenue Insight: Ensure timely and accurate reporting, with associated commentary to provide commercial insight over recurring and one-off revenue to drive accurate revenue recognition.
Capitalisation Research: Research and develop the capitalisation.
KPI Reporting: Oversee and prepare key weekly KPIs.
Financial Reporting: Produce reports and statements that accurately measure cash flow, profit and loss, key project performance, debtors, etc.

16. Head of Finance Tasks

Management Accounting: Prepare timely monthly management accounts, including a narrative commentary, to the school's senior leadership team, the Foundation CFO, and the local school governing body.
Financial Reporting: Provide monthly financial information and explanations to the Foundation's Chief Financial Officer in the agreed format, including monthly updates to financial forecasts.
Finance Operations: Manage the financial operations of the finance function, ensuring its efficient operation according to agreed procedures, and reviewing these regularly with the CFO.
Team Management: Manage the staff within the finance and estates function to deliver the strategic aims of the school and following the cultural principles of the Foundation.
Staff Development: Encourage a culture of continuous improvement and support staff development to facilitate the school as a great place to work.
Budget Planning: Prepare annual budgets and financial forecasts for the school, for approval by the school's Senior Leadership Team and governors, and submission to the Foundation's Chief Financial Officer.
Budget Oversight: Provide oversight and management of the school budget throughout the year, including the investigation of variances and making proposals for remedial actions.
Payment Authorization: Act as an authorised signatory on the school's bank accounts, approving payments within agreed financial limits.
Strategic Advising: Provide financial management advice and support to the school's Senior Leadership Team, attending Senior Leadership Team meetings.
Governance Support: Attend meetings of the school's board of governors and its subcommittees, where finance-related matters are discussed.

17. Head of Finance Details and Accountabilities

Financial Control: Maintain control over the hotel’s assets, liabilities, income, and expenditure on behalf of both the Operator and Owner, and be accountable for the accuracy of information.
Department Management: Manage the Accounting Department staff and activities, ensuring that all routines and reports are completed accurately and on a timely basis.
Profit Improvement: Develop means to improve profit, including estimating cost and benefit, and exploring new business opportunities.
Strategic Planning: Participate in the preparation of the Strategic Business and Operating Plans.
Budget Support: Liaise with Department Heads regarding their performance against budget and provide them with information and financial training.
Record Maintenance: Responsible for the maintenance of all ledgers, journals, and other accounting records according to regulations.
Audit Oversight: Ensure regular audit of all Hotel accounts, records, and transactions, followed by written recommendations on improvement to prevent financial misconduct within the hotel.
Regulatory Compliance: Ensure compliance with federal, state, local, and corporate policies, regulations, and laws.
Accounting Procedures: Ensure that correct accounting procedures are observed in management contracts, the purchase of insurance policies, and the issuing of payroll.
Cost Control: Establish and monitor cost and expense control systems and procedures to achieve financial budgeted results.

18. Head of Finance Overview

Procedure Compliance: Strictly follows and supports the development of Financial operating procedures concerning all accounting activities and financial management of the hotel.
Revenue Reporting: Oversee the accurate preparation of the Daily Revenue Journal and ensure circulated to Department Heads on a timely basis.
Financial Reporting: Provide accurate records and financial information that reflect trends and statistics within designated deadlines.
Credit Administration: Administer all credit and collection procedures and ensure that an accurate monthly debtors' ageing report is compiled and presented.
Account Review: Review the monthly trial balances of the city ledger and accounts receivable.
Purchase Monitoring: Control and monitor that purchases are within budget according to cash flow projections.
Meeting Participation: Attend and actively participate in daily meetings, respecting the confidentiality of issues which may be discussed formally or informally.
Data Confidentiality: Ensure guest details and other sensitive corporate information are not disclosed.
Maintenance Reporting: Prepare monthly Maintenance reports, commenting on key performance indicators and action taken to keep on target.
Team Cross-Training: Ensure team members are cross-trained to support successful daily operations.

19. Head of Finance Job Description

Finance Model Oversight: Responsible for ensuring that the finance operating model delivers effectively and efficiently on its stated outcomes.
Strategic Planning: Assist the CFO and finance community to determine the strategy for Finance and act as a key driver to develop, plan for, and implement the operating model of Finance.
Project Ownership: Take ownership of certain aspects of projects that support the realisation of the business's strategy.
Stakeholder Management: Build strong internal and external stakeholder relationships.
Financial Analysis: Analyse financial reports and provide advice to assist the CFO on financial decisions to support the achievement of financial targets.
Process Improvement: Diagnose issues and identify opportunities for creating added value within current finance processes.
Oversight Support: Provide an additional layer of oversight to the various financial management and control processes across functional finance teams.
Deliverable Management: Ensure that key finance deliverables are met on time and teams are enabled to deliver.
Governance Compliance: Accountable for the effective monitoring and implementation of the corporate governance framework within the finance area.
Monitoring and Auditing: Responsible for the internal financial monitoring, reporting, and auditing frameworks.
Statutory Compliance: Financial statements and ensuring compliance with all relevant statutory requirements, regulations, and standards.
Budget Management: Manage the annual and quarterly budget process.
Audit Coordination: Liaise with external and internal auditors and coordinate reports, ensuring that audit deadlines are met.

20. Head of Finance Functions

Management Reporting: Prepare and present management reports in a format that will assist the business in reaching its stated operational goals.
Financial Efficiency: Actively drive financial outputs that are automated, efficient, and scalable.
Governance Compliance: Act as the custodian to ensure compliance with governance, legislation, and risk mitigation strategies.
Budget Strategy: Ensure that the Finance function's strategy and operating model are budgeted for through the development and implementation of a fit-for-purpose budget.
Cost Optimization: Continuously search for cost-saving initiatives that will support business growth and profitability.
Policy Development: Develop and maintain financial management policies, procedures, processes, and systems to promote efficiency in the finance function.
Regulatory Compliance: Oversee all accounts, ledgers, and reporting systems and ensure compliance with appropriate accounting standards, regulatory, and audit requirements.
Process Execution: Ensure that the Finance team members consistently discharge their duties in terms of the financial processes.
Capability Planning: Develop, implement, and manage a People Capability plan that ensures that the Division has the human resources and skills required to deliver on the strategy for the short, medium, and long term.
Team Structure: Develop an empowered employee and specialist structure set in the context of delegation and accountability.
Talent Management: Identify, attract, appoint, grow, engage, reward, and retain top talent to drive strategic execution.
Value Alignment: Identify, develop, embed, and demonstrate aligned values that drive and support the required behaviour to achieve the articulated vision and strategy.

21. Head of Finance Accountabilities

Financial Statement Closure: Be accountable for the final closure and sign-off of financial statements according to statutory (HB1) and IFRS (HB2) laws and regulations, creating a comprehensive commentary based on sound financial analysis.
Treasury Management: Manage treasury operations, including cash flow oversight and strategic decision-making.
Payment Approval: Approve all final payments to ensure financial control and accountability.
Board Reporting: Ensure timely preparation and submission of documentation for the Board of Directors.
Sales Agency Oversight: Oversee all activities related to sales agencies, including contract reviews, Enasarco payments, and dispute resolution.
Legal Compliance: Ensure local organizational compliance with legal frameworks (e.g., Law 231), in coordination with Corporate Legal.
Credit Policy Enforcement: Enforce adherence to the Credit Policy, advise on cases for legal escalation, and lead B2C legal claims with external counsel.
Process Compliance: Define and enforce processes that are fully compliant with internal policies (e.g., DAL, Procurement, internal controls, expenses).
Regulatory Adherence: Ensure full legal compliance in all processes, including contracts, labor law, VAT, taxes, and commercial regulations.

22. Head of Finance Job Summary

Legal Documentation: Maintain up-to-date legal local documentation, incorporating and approving changes (e.g., Transfer Pricing).
Insurance Oversight: Oversee group and local insurance documentation and procedures, ensuring updates and approvals are in place.
Insurance Compliance: Ensure that group insurances as well as local insurance procedures, documentations are up to date, changes incorporated and approved.
Audit Coordination: Be the single point of contact for internal audit and lead for audit execution.
Stakeholder Management: Manage defined stakeholders, like the bank, authorities, auditors, corporate tax, corporate controlling, and local entity management (including change management regarding the new F&A business model).
Operational Controls: Contribute to the definition, continuous improvement, and execution of operational controls.
Change Implementation: Form an active part of GBS teams to implement changes (tools, processes, organization) along the employee life cycle, as well as follow-up actions (round tables, etc.) based on close collaboration with Hub.
Collaboration Culture: Be a role model for cooperation with the GBS team to focus on the result.

23. Head of Finance Responsibilities

Closing and Reporting: Monitor and analyze, with overall responsibility for the monthly and quarterly closing and reporting requirements.
Statutory Compliance: Responsible for statutory reports and interfaces with local auditors.
Regulatory Adherence: Comply with the provisions of the appropriate regulations and accounting policies.
Inventory Review: Review stock movements and perform impairment testing on inventory.
Budget Management: Drive and manage the preparation of the budget and forecasting process.
Performance Analysis: Analyze and control actuals, budget, and forecast performance.
Impairment Testing: Run annual impairment tests.
Strategic Planning: Participate in the development of the strategic business plan and annual long-range plan to meet corporate objectives, including the derived capital expenditure (CAPEX) plan and cash flow generation plan.
CAPEX Validation: Lead the economic validation of business cases for CAPEX.
Investment Planning: Assist in planning, optimization, and coordination of CAPEX, including feasibility studies, NPV, payback, and IRR calculations for investment proposals.
Operational Analysis: Analyze operations to evaluate performance and determine areas of potential efficiencies, program improvement, or policy change.
Management Reporting: Prepare management reporting, including fixed costs, distribution costs, product costing, production efficiency calculation, margin analysis, and key performance indicators (KPIs).

24. Head of Finance Details

Inventory Profit Management: Calculate and manage the unrealized profit for inventory.
Benchmark Analysis: Assist in the preparation of benchmark studies.
Performance Advisory: Provide ad hoc advice to business partners, actively driving business performance analysis.
KPI Management: Cascade and control finance KPIs.
Stakeholder Relations: Manage stakeholder relationships, including with the trustee of defined benefit pension plans.
Transfer Pricing: Control and calculate the transfer prices of finished products sold and raw materials.
Information Systems: Ensure that effective information systems, processes, and budgets are drawn up for the operation, and that timely and accurate reports and analyses (including cost per ton) on company performance are produced for the leadership team and management.
Operational Evaluation: Analyze operations to evaluate performance and determine areas of potential cost reduction, program improvement, or policy change.
Performance Support: Provide ad hoc advice to business partners based on performance analysis.
Insurance Management: Lead the insurance process, including renewals of coverage together with the insurance team, handling aspects such as claims and settlements.
Royalty Oversight: Oversee as the main stakeholder the royalties payment calculation and the following annual audit made by the relevant authorities.
Union Engagement: Participate as part of the management team that engages with the labor union on-site, including wage increase negotiations.

25. Head of Finance Duties

Department Setup: Build up the finance department from the beginning, and decide which resources are needed for the team.
Investor Relations: Responsible for investor relations and reporting, and is firmly involved in decisions regarding the foreign expansion.
Process Implementation: Create and implement company-wide processes in the areas of finance, planning, and controlling.
Stakeholder Communication: Central contact person for internal and external stakeholders, and improve processes to continuously increase efficiency.
KPI Management: Set up KPIs for the management team, analyze them, and draw the right conclusions.
Management Accounting: Prepare monthly management accounts, liaise with all departments, collate information, and produce required reports and accounts within tight deadlines.
Statutory Reporting: Deliver regular management accounting information for internal and statutory accounting purposes.
Budget Planning: Establish budgets and long-range plans.
Payroll and Operations: Process payroll (Sage), purchasing schedules, bank reconciliations, and day-to-day queries.
Tax Compliance: Identify and resolve tax issues.
Performance Monitoring: Monitor performance against budget and report on performance variances.
CAPEX Oversight: Review CAPEX and monitor KPIs and track tools.

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