Job Description
A financial steward - Work to protect the assets of the business, ensure compliance with financial regulation and ensure appropriate care and diligence is taken in the corporate governance of the region. - Provide critical oversight of the core finance outputs and processes operated by the Senior Finance Manager and team. - Provide overview to ensure robust financial processes and controls are consistently maintained. - Work with the BUMT to actively identify business risks, driving possible mitigating solutions well in advance of potential risks crystallising. Horizon-scan for potential opportunities for the business to deliver, to help shape the future of the business. An expert finance operator - Create a team of suitably qualified and experienced finance staff, and develop both technical and soft skills in the team. - Drive the attraction and retention of key talent within the Finance function through a positive and engaging approach. Primary responsibilities: BU Leadership responsibilities • Partnering the MD on all new business decisions, including land acquisitions. Review all aspects of the scheme (e.g. LPE) with the BUMT, critically assessing if the venture is the best use of capital, in line with strategy and the Taylor Wimpey ethos. Sign off financial models, having considered financing options and cash flows, timescales, tax implications and accounting implications. Write the final recommendation to the MD which considers all aspects of the deal, including technical, commercial, sales, as well as finance elements. • Obtain a true understanding of costs and risks for each site, drawing on knowledge from regular site visits. With this background, provide active review and challenge of the costs incurred to date/ cost to complete projections for each site (Cost Value Reconciliations (CVR) prepared by the Commercial team). Attend P&L meetings, and, challenge whether cost excesses/savings are expected and should be recognised. Look for trends in production differences, necessary fixes and expected cost changes. • Lead the management of joint ventures with third parties, including as a Director, chair Board meetings and ensure a robust governance and administration framework including oversight of Board pack preparation to support the joint ventures. • Working with the Production and Sales Directors, ensure the sequence of site delivery considers the appropriate risk factors, but optimises site ROCE.
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