Finance Manager

Background

Hyfire are known for their innovative wireless fire detection products and market leading innovation. We are now looking to further innovate our wireless solutions by entering the digital landscape and offering full wireless systems.

Our digital vision offers the following value propositions:-

• Increased revenue for Hyfire partners through improved customer retention
• Increased profitability for Hyfire partners through improved resource management and allocation
• Ability to grow business from new opportunities by maximising resources.

Orama Group

We are a group of market leading wireless businesses united by a strong commitment to keeping people and their Environment safe using the power of wireless technology and digital systems, creating value and opportunities for our customers and society.

The Orama Group is comprised of 3 companies, Argus, Hyfire and Ramtech, generating revenue of approximately £44m. Together we cover over 30 geographies across the globe. Our companies offer a wide range of wireless products and services, to suit a variety of different industries, from construction to commercial and industrial applications.

Within Orama, our company’s pride is in innovation as we grow and diversify our business. We leverage the opportunities offered by advanced digital technologies to shape a safer world through innovation. Bringing the businesses together means we cover the whole building lifecycle, enhancing our offer to customers. We work closely together to take advantage of each other’s technology.

In today’s world of rapid technological evolution customers need products and integrated solutions that are always up to date with the latest design and developments.

“Traditional” products often need to be digitally enhanced in a whole range of ways, including the addition of apps, remote access, predictive and preventive maintenance, online technical support services and other digital solutions

that can be integrated into existing and evolving ecosystems. Our work focuses on developing innovative, connected, customer centric and personalised products and solutions that nurture the evolution of the sectors where we play.

Our Purpose

Shaping a safer world through innovation.

Our Values

• Stay close to the customer: Listen carefully, delight and exceed customer expectations.
• Think digital: Continually grow and change. Challenge assumptions and grasp digital opportunities.
• Act transparently: Play to win, but not at the expense of the others. Be fair and honest in all that you do. Be inclusive and leverage diverse points of view.
• Be accountable: Be innovative and data driven. Transform bold ambitions into reality. Be agile and responsive in the face of change.
• Be bold and own it: Own everything you do, enjoy empowerment and eagerly collaborate to accomplish our goals.

Job Purpose

The role is a temporary fixed term contract and will support the co-ordination of Hyfire UK’s financial performance, reporting, planning processes and Group consolidations, to ensure the production of timely, accurate and relevant financial information.

The role involves combining accounting, management and leadership skills.

The role will have overall accountability for preparing, developing and applying findings from financial reports in a timely manner and in line with relevant VAT, Tax and other relevant regulations, whilst also being responsible for the day to day operations of the accounts receivable function, of our small Finance team.

This role will also support the development of plans for financial growth in accordance with Hyfire UK’s rolling annual and 3 year business plan and budget process.

Accountabilities

Finance Team Accountabilities

1. Work collaboratively and cross-functionally across the Finance team on all aspects of Finance to help in delivering the HYUK Vision.
2. Contribute to the progress of the Company by actively working towards personal and company centric development plans.
3. Contribute to the development of a cross-functional Finance team to ensure that all processes are completed timely and accurately.
4. Develop and maintain relationships within the Finance team and across the business, as appropriate, in the pursuit of HYUK’s vision.
5. Develop and maintain relationships within the external customers and suppliers, as appropriate, in the pursuit of HYUK’s vision.
6. Ensure that the Company maintains a consistent, transparent, legally compliant and ethical approach in all aspects of its business and day to day transactional operations.
7. Embody the ‘One Team’ approach and communication effectively across the Finance team and company.
8. Contribute to making HYUK a great place to work.
9. Comply with all HYUK policies and procedures, including Health & Safety, ISO Quality Standards, Information Security and HR Polices & Procedure and Customer codes of practice.

Functional Accountabilities

1. Support the Financial Controller and the Finance team with the execution of daily operational duties, taking the lead in accounts receivable. Ensuring Revenue Recognition and Gross Margins are complete, accurate and understood.
2. Deputise for the Financial Controller where necessary.
3. Complete the reconciliation of various balance sheet accounts and the nominal ledger to trial balance.
4. Perform the daily bank reconciliation.
5. Assist with the preparation and completion of HYUK’s management accounts and consolidated Group Accounts when required.
6. Preparation of both the HYUK and Halma/Orama, weekly, month end, Half Year and Year End reporting requirements, including entry into Group reporting systems (Cognos/Tagetik).
7. Preparation and submission of UK VAT and potentially overseas sales tax compliance, including monthly and periodic returns.
8. Participate with internal and external audits and preparations of the annual R & D Tax claim. Provide information to tax advisors as required.
9. Support the Financial Controller with all statutory and reporting duties in a timely manner.
10. Co-ordinate working capital and cash-flow analysis. Identify and highlight potential risks to the Company’s financial position.
11. Work closely with the Senior Management Team to review performance against budget and prepare revised monthly forecasts, produce written reports and ad-hoc analysis and management information including cost variance analysis and stock reconciliations.
12. Play a pivotal role in the implementation of a new ERP system (Netsuite) from SAGE 50, with a particular focus on reducing the amount of manual data manipulation.
13. Lead finance system developments, process simplification and automation of projects where appropriate.
14. Participate and support the Financial Controller with the Finance team’s training and development.
15. Undertake any other tasks or duties as directed by the Financial Controller.

Standards of Performance

• Provide monthly reporting documentation to the Financial Controller on financial performance.
• Provide accurate and timely submission of all payments, month end tasks and Company related submissions for review.
• Accurate and timey submission of VAT, Employment Taxes and stakeholder pension compliance.
• All other objectives set by the Financial Controller via the Leadership Team to deliver the HYUK vision.

Skills / Experience

• Experience in a previous fast paced finance environment
• Demonstrates good listening and communication skills
• Self-motivated with strong organisation skills and attention to detail
• A team player with a friendly inclusive approach
• Competent IT Skills – Excellent skills with Microsoft Office are essential
• Previous experience in an ERP improvements plan, or implementation plan would be advantageous
• Experience in balance sheet account preparation
• Demonstrates an understanding of stock transactions
• Demonstrated an understanding of budgetary principles
• Possess strong written and oral communication skills
• ACA/CIMA/ACCA qualified with a minimum of 2 years experience. QBE may be considered where the relevant experience is demonstrable.
• Able to work to strict deadlines
• Demonstrates the ability to build effective relationships

Values & Personal Qualities

• Strong alignment to our company values
• Self-motivated with drive and enthusiasm
• High energy and a can-do attitude
• Results driven with demonstrable experience in working to tight deadlines, and building relationships

Benefits

• Competitive Basic Salary
• Company share incentive plan
• Company pension scheme
• Full training provided and pathway for career development opportunities.
• Holiday 25 days, plus bank holidays. Additional 1 day accrual for each 7 years of service.
• Death In Service Scheme - 4 x salary and 6 x salary with dependents.
• Employee Assistance Programme

To apply for this FTC position, please send your CV to careers@hyfirewireless.co.uk

Closing date for applications is 6 January 2025.

Please note: Due to the number of applications we receive we are unable to respond to every individual application. Therefore, if you do not hear from us within 14 days of the closing date, please assume your application has been unsuccessful on this occasion.

Further information about our company can be found on our Hyfire website.