Finance Director

Venari Finance are delighted to be retained by Principal Building Ltd in East Kilbride to recruit a newly created Finance Director role for the business.

Principal Building Ltd is a main contractor working across Scotland. Their services include new builds, interior fit out and refurbishments of a wide range of property types. Principal Building is Scotland's largest manufactured and bespoke joinery company operating from 16,500 square foot workshop and 3500 square foot offices in East Kilbride.

The business is owned by Edison Capital following its acquisition of GDC Design and subsequent rebranding to Principal Building Ltd. Following investment from Edison Capital and a number of key senior appointments, the business has seen a rapid period of growth with £11.2m worth of pipeline in place for 2024.

The business has set its sights on achieving turnover of between £40-50m in the next 4-5 years.

Principal Building is entering an exciting chapter in its history and have identified the need to create a Finance Director role within the business to support the Managing Director and Edison Capital as the business embarks on a period of high growth.

This role will be key in the development of the finance function with a real focus on governance and compliance and will sit on the board, playing a key role in the organisation’s growth and direction.

This position represents an exceptional career opportunity for an ambitious, driven senior finance professional, seeking to make a positive impact and support an entrepreneurial business through the next period of strategic growth.

Role Overview:

Responsible to: Managing Director, Principal Building and CEO, Edison Capital

With the expectation that the business will be going through a growth phase, key areas of responsibility will include, but not be limited to:

• Establishment of the finance function, with a key focus on governance and compliance.
• Point of contact and relationship holder with the bank
• Creation of Board Packs
• Identifying improvement opportunities and ensuring robust financial controls and efficient processes are maintained, whilst ensuring compliance with regulatory and auditing standards
• Responsibility for preparation and control of the monthly management accounts, including analysis against budget and forecast.
• Preparation of the financial statements for all group companies including
• the group’s consolidated accounts.
• Creation and development of an annual budgetary and quarterly forecast process.
• Responsibility for the statutory demands placed on the business by HMRC including, but not limited to, VAT and PAYE.
• Driving cost efficiencies whilst ensuring quality optimisation across all elements of production
• Leading the preparation and delivery of the annual audit.
• Business partnering with other departments and divisions within the group to assist and improve financial control and performance.
• Other ad-hoc duties as required.

Candidate Background:

The Finance Director position requires an accountant who possesses excellent organisational, interpersonal, and technical skills. The ability to build relationships with and influence internal/external stakeholders is a key requirement, as is strong team working.
A summary of the key candidate requirements are as follows:

• Qualified accountant CA/ACCA/CIMA.
• Track record of operating at a senior finance leadership level.
• Strong technical accounting skills with great attention to detail.
• Ability to work in a fast paced, entrepreneurial environment
• Willing to be hands on as the finance functions is established
• Ability to prioritise tasks and adapt to workload to ensure deadlines are met.
• Strong analytical, organisational and decision-making skills.
• Excellent communication and problem solving skills with an ability to influence senior stakeholders.
• Ability to assess and drive business improvement projects.
• Inquisitive and ability to learn quickly.
• Excellent IT skills, with a proven track record in optimising the use of technology to deliver results.
• Ambition to establish lead, coach and motivate teams.
• Experience in the construction sector would be advantageous (but not essential).
• Experience of acquisitions and disposals would be advantageous (but not essential).

Package:

£90,000-£120,000

30 days annual leave

5% matched pension

Equity Option following completion of 12 months in the role