Finance Manager

Elevation Recruitment Group are delighted to be partnering exclusively with OSL Cutting Technologies on a retained basis as the company looks to bring a new Finance Manager into the business.

OSL is a Sheffield-based engineering and manufacturing business with a heritage dating back to 1865. The business has built an impressive international reputation for the design, manufacture and distribution of high-quality metal-cutting tools, with its best-known brands including Rotabroach and Unibor. Rotabroach is recognised globally for its magnetic drilling and annular cutting technology, while Unibor is the group's flagship North American brand. Together, the brands form part of a successful international business supplying customers, with distribution to a wide range of industrial markets.

The business is entering an exciting new phase. Following a positive period of restructuring and realignment, OSL is sharpening its commercial focus, maximising profitability and placing greater emphasis on its sales, distribution and customer-facing activities. This creates an excellent opportunity for someone to join them at an important point in this exciting new phase and play a genuine role in supporting future growth. This Finance Manager role will also be instrumental in helping transform current process and systems so it would certainly suit someone who likes to get involved in these types of projects.

Working closely with the Finance Director and other senior operational stakeholders across the business, the Finance Manager is responsible for ensuring the finance department operates efficiently, accurately and in accordance with company policies and statutory requirements. You will support in the delivery of accurate financial reporting, strong financial controls, and continuous improvement of finance processes. The Finance Manager will lead the day-to-day finance function whilst developing systems, people and reporting to support the strategic objectives of OSL Cutting Technologies and the Rotabroach & Unibor brands.

Benefits: -

• Salary up to £65,000 (Dependent on Experience)  
• 25 days' holiday + bank holidays
• 4% matched employer pension contribution
• Free EV charging on site
• On-site gym
• Friendly, collaborative and supportive working environment
• Opportunity to join a business undergoing an exciting period of positive change
• Genuine opportunity to influence company performance and future growth

Please note the role is primarily office based but some flexibility can be offered.

Key Responsibilities will include but will not be limited to: -

Financial Reporting:

• Prepare and review accurate monthly management accounts and board reporting packs.
• Provide insightful variance analysis and commentary against budget and forecast.
• Review balance sheet reconciliations, P&L analysis and fixed asset accounting.
• Lead year-end audit preparation and act as the key finance contact for auditors.
• Review management accounts and provide feedback, coaching and support to the wider finance team.

Leadership & Mentoring:

• Lead daily finance team meetings, monitoring KPIs, workload and priorities.
• Coach and mentor team members, supporting skills development and cross-training.
• Conduct regular one-to-ones and performance reviews.
• Manage holiday cover to ensure effective continuity across the finance function.

Financial Control:

• Maintain a robust financial control environment and ensure key SOPs are maintained and followed.
• Own the month-end close process across all NetSuite ledgers.
• Oversee purchase and sales ledger controls, including supplier/customer onboarding, reconciliations, credit control and payment runs.
• Monitor credit risk, bad debt provisions and customer credit limits.
• Ensure effective bank reconciliation and payment controls.
• Oversee inventory controls, including stock counts, reconciliations, slow-moving stock, scrap and stock adjustments.
• Support standard costing, inventory variance analysis and ongoing process improvements.

Budgeting & Forecasting:

• Monitor departmental spend and work with budget holders to drive budget adherence.
• Support the annual budgeting and forecasting process.

Compliance:

• Ensure compliance with VAT, Corporation Tax, customs, audit and wider Group reporting requirements.
• Support internal and external audit processes and provide accurate information within required deadlines.

The ideal candidate will have the following skills and experiences: -

• ACA / ACCA / CIMA Qualified (or Qualified by Experience where appropriate)
• Experience in a manufacturing or stock-based business
• Team management experience
• Budgeting and Forecasting experience
• Good business partnering skills with the ability to deal with both financial and non-financial stakeholders
• Good IT/ Systems knowledge (Especially with ERP Systems)
• Inventory accounting
• Cashflow experience
• Inquisitive nature
• Good commercial acumen

This is an opportunity to join an established Sheffield business with globally recognised brands, a strong industrial heritage and an exciting commercial future. With distribution operated from its Sheffield base and products sold internationally, OSL combines the stability and heritage of an established manufacturing group with the opportunity to make a tangible impact within a business that is actively evolving.

For the right individual, this role offers the chance to become a trusted finance partner, influence decision-making and help shape the next stage of OSL's growth.

Interested?

Please contact Simon Ensor to register your interest in this rare and exciting opportunity.

Please note: As we are acting as retained partners with OSL on this vacancy, all applications, including those received directly or via other channels, will be managed through Elevation Recruitment Group.