The One Touch Switching Company
Head of Finance
Job Location
UK, United Kingdom
Job Description
Fully Remote
Ability to be a key decision maker within the organisation
About Our Client
In September 2024 The One Touch Switching Company ("TOTSCo") launched a revolutionary way for UK customers to switch their broadband and landline provider. TOTSCo was founded by the UK telecoms industry in June 2022 to help to introduce the One Touch Switching (OTS) service that all telecom providers should now be using to make it much easier for their customers to switch. TOTSCo is a member-owned and not-for-profit company whose purpose is to develop and operate a messaging platform (The TOTSCo Hub) which is central to OTS.
TOTSCo will recover its costs by charging industry members for use of the hub, and the anticipated annual turnover of the company is between £6m and £7m. TOTSCo has a team of over 25 people working on all aspects of OTS. In this role you'll get to work with a major technology firm that provides a managed service to TOTSCo.
Job Description
The Head of Finance is a core member of the organisation's structure and is a strategic partner to the CEO in all areas of finance. Responsibilities will include:
1. Job Purpose
* The role reports to the Chief Executive Officer, and comes with membership of the Executive Committee.
* The HoF is responsible for all financial control, reporting, statutory compliance and forecasting.
2. Manage the following functions including those that are outsourced providers (external accountants and managed service partner):
* Bookkeeping (outsourced)
* Annual external audit
* Operational banking relationship
* Cash flow and ensuring compliance with working capital requirements.
* Billing and debtor reconciliation (outsourced)
* Payroll including HMRC compliance and pension obligations. (outsourced)
* Complete VAT returns and ensure compliance with relevant compliance requirements.
* Monitor all spend against spend authorities.
* Draft statutory accounts in accordance with GAAP and applicable accounting standards.
* Develop or specify development of accounting systems as necessary to meet the changing requirements of the business.
* Ad-hoc analysis
3. Forecasting & Planning
* Prepare the following:
* An annualised budget and medium- and long-term forecast for agreement with the board including the charging model for customers.
* Monthly management accounts and variance analysis from budget including potential cash flow issue.
4. Stakeholders
* Support the following key stakeholder in fulfilling their roles:
* CEO
* Board
* Cost-centre managers.
* External and where appropriate Internal Audit.
* Audit and Risk Committee
* 3rd parties including bookkeeping.
5. Knowledge
* The following systems are used extensively within TOTSCo:
Excel
Xero (with Spotlight add-in for forecasting and reporting)
Approval Max
The Successful Applicant
* Fully Qualified Accountant (CIMA, ACCA, ACA, ICAEW etc)
* 5+ years PQE, ideally in a commercial environment
* Can demonstrate working independently and as finance lead with board responsibilities. (Experience in a SME preferable).
What's on Offer
We would like to offer the successful candidate:
£85,000 to £90,000
Home base, with occasional travel to London
Ability to be a key decision maker within the organisation
Opportunity to contribute to areas of the business outside of Finance
Where specific UK qualifications are required we will take into account overseas equivalents. All third party applications will be forwarded to Michael Page.
Ref Code: MP(phone number removed)
Location: UK, GB
Posted Date: 11/24/2024
Ability to be a key decision maker within the organisation
About Our Client
In September 2024 The One Touch Switching Company ("TOTSCo") launched a revolutionary way for UK customers to switch their broadband and landline provider. TOTSCo was founded by the UK telecoms industry in June 2022 to help to introduce the One Touch Switching (OTS) service that all telecom providers should now be using to make it much easier for their customers to switch. TOTSCo is a member-owned and not-for-profit company whose purpose is to develop and operate a messaging platform (The TOTSCo Hub) which is central to OTS.
TOTSCo will recover its costs by charging industry members for use of the hub, and the anticipated annual turnover of the company is between £6m and £7m. TOTSCo has a team of over 25 people working on all aspects of OTS. In this role you'll get to work with a major technology firm that provides a managed service to TOTSCo.
Job Description
The Head of Finance is a core member of the organisation's structure and is a strategic partner to the CEO in all areas of finance. Responsibilities will include:
1. Job Purpose
* The role reports to the Chief Executive Officer, and comes with membership of the Executive Committee.
* The HoF is responsible for all financial control, reporting, statutory compliance and forecasting.
2. Manage the following functions including those that are outsourced providers (external accountants and managed service partner):
* Bookkeeping (outsourced)
* Annual external audit
* Operational banking relationship
* Cash flow and ensuring compliance with working capital requirements.
* Billing and debtor reconciliation (outsourced)
* Payroll including HMRC compliance and pension obligations. (outsourced)
* Complete VAT returns and ensure compliance with relevant compliance requirements.
* Monitor all spend against spend authorities.
* Draft statutory accounts in accordance with GAAP and applicable accounting standards.
* Develop or specify development of accounting systems as necessary to meet the changing requirements of the business.
* Ad-hoc analysis
3. Forecasting & Planning
* Prepare the following:
* An annualised budget and medium- and long-term forecast for agreement with the board including the charging model for customers.
* Monthly management accounts and variance analysis from budget including potential cash flow issue.
4. Stakeholders
* Support the following key stakeholder in fulfilling their roles:
* CEO
* Board
* Cost-centre managers.
* External and where appropriate Internal Audit.
* Audit and Risk Committee
* 3rd parties including bookkeeping.
5. Knowledge
* The following systems are used extensively within TOTSCo:
Excel
Xero (with Spotlight add-in for forecasting and reporting)
Approval Max
The Successful Applicant
* Fully Qualified Accountant (CIMA, ACCA, ACA, ICAEW etc)
* 5+ years PQE, ideally in a commercial environment
* Can demonstrate working independently and as finance lead with board responsibilities. (Experience in a SME preferable).
What's on Offer
We would like to offer the successful candidate:
£85,000 to £90,000
Home base, with occasional travel to London
Ability to be a key decision maker within the organisation
Opportunity to contribute to areas of the business outside of Finance
Where specific UK qualifications are required we will take into account overseas equivalents. All third party applications will be forwarded to Michael Page.
Ref Code: MP(phone number removed)
Location: UK, GB
Posted Date: 11/24/2024
Contact Information
| Contact | Human Resources The One Touch Switching Company |
|---|