Job Title: Finance Manager
Department: Finance
Reports To: Managing Director / Finance Director
Job Summary
The Finance Manager will be responsible for overseeing the financial management of construction operations, ensuring accurate financial reporting, effective cash flow management, and full compliance with UK construction financial regulations.
The role includes oversight of Construction Industry Scheme (CIS) administration, VAT compliance including reverse charge mechanisms, subcontractor payment management, and project financial monitoring while ensuring compliance with HM Revenue & Customs regulations.
Key Responsibilities
Financial Operations & Reporting
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Oversee day-to-day finance operations including accounts payable, accounts receivable, and general ledger management.
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Prepare monthly management accounts, financial reports, and variance analysis to support senior management decision-making.
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Maintain accurate financial records and implement strong internal financial controls and compliance procedures.
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Ensure effective financial reporting, reconciliations, and audit readiness.
Construction Industry Scheme (CIS) Compliance
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Administer CIS processes including subcontractor verification, deduction calculations, and monthly CIS return submissions.
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Ensure full compliance with CIS legislation and HM Revenue & Customs reporting requirements.
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Manage subcontractor accounts and ensure accurate deduction statements and payment processing.
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Prepare and process subcontractor payment timesheets in accordance with contractual terms.
VAT & Tax Compliance
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Prepare and submit VAT returns, ensuring compliance with construction reverse charge VAT rules and industry regulations.
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Monitor VAT treatment of construction contracts, subcontractor services, and project-related transactions.
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Ensure timely HMRC reporting and statutory compliance across CIS, VAT, and payroll obligations.
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Manage subcontractor payment cycles and timesheets, ensuring compliance with CIS deductions and contractual payment terms.
Project Financial Management
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Monitor project-level financial performance including revenue recognition, cost tracking, and margin analysis.
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Manage sales invoicing, applications for payment, and contract-related financial documentation.
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Collaborate with project managers to support cost control and project profitability analysis.
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Maintain cash flow forecasting, liquidity planning, and working capital management.
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Support budgeting processes and financial planning across multiple construction projects.
Requirements
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Degree in Finance, Accounting, or a related field.
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Professional qualification such as ACCA, CIMA, or ACA preferred.
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Minimum of 5 years’ finance experience within the construction industry.
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Strong knowledge of construction accounting, project costing, VAT, and UK tax compliance.
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Proficiency in accounting software and advanced Microsoft Excel