Finance Manager

About the business

Blushes is a salon group of five sites with around 100 stylists and over £4M in annual revenue, built from a single salon and run on established systems. Shair is a small, recently launched extension of the business that applies those systems to support other independent salon owners with their commercial operations. It is at an early stage and currently involves a small number of partner sites.

The finance function is currently run as an overseas operation, and the business is now bringing it in\-house and migrating from Sage to Xero.

This role is responsible for developing the new finance operation: the systems, processes and ways of working, building in efficiency and modernising the function overall.

Responsibilities

*Reporting and production*

• Full month\-end close: P\&L, balance sheet, accruals, prepayments, control account reconciliations and journals


• The annual budget and operational P\&L budget


• Weekly cashflow, including the management of payment timing


• Intercompany and consolidation entries across the group

*Compliance*

• VAT returns and HMRC correspondence


• Coworker payment compliance, including self\-billing documentation


• Year\-end liaison with the external accountants

*Control and ownership*

• Ownership of the bank, including authorisation controls and segregation of duties


• Ownership of Xero


• Calculation of coworker payments


• Supplier relationships, terms and negotiation

*Shair*

• The Shair P\&L and partner billing


• Per\-partner profit\-share calculations


• Upfront financial analysis of prospective partner salons, working from their bank statements to produce a P\&L and budget

Day\-to\-day transactional processing is handled by an existing team member, and automation is built and maintained by an in\-house lead, so this role focuses on developing the operation, ownership, reporting and judgement rather than data entry.

Requirements

• Experience building a finance department, and comfortable and confident putting their own stamp on it


• Qualified or qualified by experience (ACCA, CIMA or ACA)


• Multi\-entity accounting and consolidation experience


• Experience designing and implementing finance systems, processes and automation, ideally including a Sage to Xero migration or similar


• Experience across more than one business model, ideally including both retail and service or B2B


• Self\-sufficient and able to work without close supervision


• Able to adapt to changing priorities and challenges


• Confident implementing change


• Motivated, and able to take on a role that will grow as the business grows

Details

• Full\-time


• Salary: Up\-to £50,000 PA


• Location: Cheltenham


• Reports to: Founder, with fractional Finance Director oversight

Pay: Up to £50,000\.00 per year

Ability to commute/relocate:

• Cheltenham GL50 1SD: reliably commute or plan to relocate before starting work (required)

Education:

• GCSE or equivalent (preferred)

Licence/Certification:

• ACCA, CIMA or ACA (required)

Work authorisation:

• United Kingdom (required)

Work Location: In person

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