Job Responsibilities:

•    Management of the finance staff, policies, and systems:
1.    Directing the finance manager to ensure that accounts payable, employee spending, credit cards, and the sales ledger are processed quickly, including debt collection; motivating and developing the team via effective leadership, mentoring, and evaluation.
2.    Supervising the organization's financial rules and processes, ensuring that they are kept up to date to allow for a mix of studio and homework. Being a financial control ambassador throughout the studio by delivering staff training and studio presentations.
3.    Managing financial system improvement initiatives to ensure that we are maximising automation and system efficiency. Lead assessment of SAGE 200 and other possible finance systems, as well as ongoing upgrades to Procurify and Rapport 3 to simplify financial processes and maintain efficient financial controls; engage in other studio-wide system enhancements initiatives.

•    Management of cash and the balance sheet:
1.    Ensure proactive cash flow management by checking the studio's different cash balances on a regular basis, giving analysis, and alerting the head of finance to any concerns. Liaison with bankers to ensure that financial operations go smoothly.
2.    Reviewing balance sheet reconciliations on a regular basis to guarantee financial accounting accuracy.
3.    To inform foreign exchange management strategy, review receipts forecasted by currency and be aware of actual and projected Forex rate movements owing to economic and political variables. Execute foreign exchange spot transactions and hedges as needed.
•    Financial reporting and taxation under the law:
1.    Leading the development of the Group's year-end statutory accounts, supporting schedules, and communication with the auditors, as well as the Group's UK parent, Singapore, and Chinese entities.
2.    Evaluate yearly corporation tax calculations and input into corporation tax planning across various legal entities; annual R&D reclaims; review withholding tax positions on new contracts; handle certificate of residency petitions with HMRC.
3.    Manage supervision and frequent communication with Chinese financial employees to ensure correct and up-to-date financial records are preserved, as well as compliance with Chinese legislation.
4.    The finance manager will review the VAT returns and present the highlights and important findings/changes to the head of finance.
5.    Liaison with the People team to understand wages and benefits for the UK and international employees; evaluation of international payroll tax computations; and production of annual PSA.
6.    Liaise with insurance brokers and studio members to oversee the annual insurance renewal process.
7.    Ensuring that all legal entities comply with the company's statutory reporting obligations Assuring that the company's minute records are up to date.
8.    Compliance of Companies House, IRAS, HMRC, IRS, Office for National Statistics, and other regulatory organisations.

•    This position is responsible for building and maintaining good and professional relationships within the studio, as well as with external clients and stakeholders. The following are the important relationships in this role:

1.    finance department

2.    commercial group

3.    people's group

4.    budget holders from several departments at the studio

5.    advice on taxation

6.    providers of financial systems

7.    Financial advisers such as auditors, external accountants, bankers, insurance brokers, and others
 

Referrals

If you know anyone who may be suitable for the above role, feel free to get in contact with the Mandarin Recruitment team. We will ensure a healthy referral bonus.

About Us

Mandarin Recruitment is a service that helps UK and China businesses & organisations find and source high-quality Mandarin-speaking professionals. We have unparalleled and exclusive channels to the Chinese speaking market, allowing us to be the leading organisation for specialist Mandarin recruitment.