Position description for Interim Working Capital Controller
Objective of appointment
To drive improvements in the working capital cycle through acceleration of accounts receivable collection and process re-engineering to generate positive working capital movements.
Length of appointment
It is envisaged that this person will be in the business, reporting to CFO, for a period of 3 - 6 months. It is essential that this person is primarily based in Basingstoke.
Personal characteristics/ Skills
- Determined and resilient personality
- As comfortable with rolling up sleeves and actually carrying out analysis themselves as they are in the more "theoretical" helicopter view
- capable of speaking with the CFO voice when needed
Key responsibilities
- supporting the current team in identifying weaknesses and flaws in the current process structure to prevent inefficiencies and inaccuracies in the current sales invoicing process
- providing workable solutions to solve the above through working with business owners to rectify the weaknesses (IT/Operations/Finance)
- providing additional levels of support, structure and rigor to the overdue debt collection process
- producing reports and status updates to satisfy management and shareholders as to progress
- identify key and repeatable customer behaviours that drive overdue debt and provide solutions to amend
- complete process overview of order-to-cash and procure-to-pay
- provide all inputs into the cash model updates (perhaps re-build the cash model to a more granular level - to be discussed)
- identification of sub-par supplier relationship and provision of information to procurement to drive supplier terms negotiations and the monitoring of the changes
Background of person
- A detailed understanding of the drivers of the working capital cycle and the challenges within it are essential.
- Proven and demonstrable experience of process engineering.
- Proven and demonstrable experience of "hands-on" approach - someone who is prepared to "get stuck in" themselves rather than simply ask for a set of things to be done.
- High volume; low margin activities; multi-country and multi-client
- Experience of the financial processes of large global brands e.g. Coca-Cola; Pfizer
- Experience of working with customer invoicing portals such as Taulia, Tungsten and Arriba