Finance Manager

Working at THREE60

At THREE60 you will find technically and commercially exciting work in a dynamic environment, where you can achieve your potential and ambitions. You will be part of an entrepreneurial team that shares and learns openly to achieve a common set of goals.

Finance Manager

Job posting date: 06.01.22
Closing date: 20.01.22
Responsible to: Finance Director
Responsible for: Up to 2 reports in commercial / admin function

Company Overview

THREE60 Energy is a fast-developing energy services group whose aim is to deliver a more complete solution for owners, developers and operators of energy assets. Its strategy is to build a portfolio of oilfield services operating across the entire asset life cycle within the oil and gas industry both onshore and offshore. THREE60 has already acquired both capability and leadership across different geographies in Reservoir Engineering, Well Engineering, Facilities Engineering, Construction & Commissioning and Operations & Maintenance.

Job Purpose

The position is responsible for day to day financial management and maintaining the financial records of the EPCC Service line and associated legal companies within the THREE60 group.  The role is expected to work closely with the relevant managing director to understand and drive financial performance of the entities, while ensuring that the business is both compliant and reporting on a timely basis.

Key Responsibilities & Accountabilities

1. Financial Reporting & Compliance

  • Responsible for maintaining the financial records of operating companies, ensure reported on a timely basis for group reporting each month
  • Assist to meet Local GAAP statutory tax filing requirement including providing the relevant backups, support in preparation of annual tax filing, assisting to respond to local tax queries.
  • Preparation of quarterly VAT returns, management of any VAT queries:
  • Management of external professional advisors in support of overseas compliance
  • Assist auditors in any reviews
  • Preparation & management of balance sheet reconciliations
  • Management of the close process and finance system for the relevant entities

2. Group Reporting

  • Preparation and review of accurate financial results in line with reporting deadlines for group along with narrative to explain results
  • Preparation of finance reporting packs for the operating companies
  • Support business leaders to prepare and analyse budgets and forecasts

3. Business Support

  • Support business leaders in understanding their results and explaining variations to budgets
  • Provide input to tenders as required
  • Supervision of admin and commercial functions as necessary

4. Invoicing & Customer management

  • Maintaining Accurate, timely and complete billing to customers
  • Management of invoice financing facility
  • Interface with customer portals, assist with the management of debtors and credit control
  • Running of credit checks where required

5. Treasury

  • Preparation and management of short term cashflow forecasts
  • Management of invoice financing facility
  • Processing payment runs
  • Bank reconciliations

6. Purchasing & payroll

  • Although payroll is outsourced, required to collate inputs to this process
  • Ad hoc support to purchasing process such as PO placement, new supplier DD, vendor management
  • Monitor and pay expenses as required

7. Management and development of processes

  • Maximise the efficiency of financial processes, challenging the way things are done
  • Support business improvement initiatives across the business and the finance function, including a future system implementation
  • Ad hoc projects as required to support finance director

Knowledge & Qualifications

  1. A recognised accountancy qualification
  2. Hands on experience of using accounting systems, strong understanding of business processes, and experience of working to support operational businesses.
  3. Oil & Gas service industry knowledge preferable

Skills & Experience

  1. At least 5 years’ relevant experience, gained either in industry or with a public accounting firm is required
  2. Experience of working in an international group is preferred
  3. Strong knowledge of UK statutory and taxation requirements, including VAT
  4. Must be able to meet tight deadlines without fail and have problem solving skills and a can do approach to challenges
  5. Strong excel skills required with an ability to manage large volumes of data and convert data to management information
  6. Must be able to influence others to follow processes and provide the necessary inputs to allow the efficient reporting of results and forecasts

If you have significant financial management experience in the energy sector then we would like to hear from you! If interested, then click ‘apply now’ to forward an up-to-date copy of your CV:

Your Application

Due to the anticipated high volume of applicants, we may be unable to personally respond to all applicants unless you are selected to progress in the recruitment process.

We would therefore like to take this opportunity to thank you for your interest in this vacancy.