Head of Finance
Occupying a position below the board but with a huge amount of responsibility, the head of finance for a company is mainly responsible for gathering financial information from the business and reporting the data to the board. They might also be involved with decision making where finances are concerned, but they will usually have to defer to the CEO, COO or CFO, and might therefore be employed in an advisory role.
The head of finance will also be involved with forecasting, both in the company’s own activities and with regard to the region or wider world. While forecasts are not always strictly scientific, they must be informed and educated enough to make a case for the board to make spending and investment decisions on their basis.
In some head of finance jobs, there is, however, a good deal of autonomy to make decisions without daily reference to the board, within certain budgetary and projected constraints. It depends on the size and structure of the business.
Head of finance skills
As head of finance, you’ll have to be extremely adept at all manner of accountancy, bookkeeping, forecasting and reporting. Experience at a senior level within the financial department of a large business will stand you in good stead, although everyone has to start somewhere, so a specific head of finance title is not always requested, as long as you have a proven track record of financial management.
As far as qualifications are concerned, a BSc/BA in accounting or finance will often be a minimum requirement, but other related qualifications and experience will also be considered in many cases.
Head of Finance Jobs in Blackburn
A large town in Lancashire, Blackburn is a busy place with many opportunities for those looking for Head of Finance vacancies. Plus, it's just nine miles from Preston and 20 miles from Manchester, thus offering an easy commute for those who live or work in these other locations.
From the middle of the 13th century, Blackburn was a mill town that produced textiles - and was once known as the weaving capital of the world. The spinning jenny, was invented by local James Hargreaves in 1764 and it paved the way for Blackburn to become one of the first industrialised towns.
After the end of the second world war, Blackburn's textile sector experienced a brief boost, and then fell into decline. Along with the rest of the region, a combination of deindustrialisation and global competition meant much of the work was outsourced abroad and the town suffered economically.
Today, Blackburn is experiencing a renewal, as the economy switches from manufacturing-led industries to the service sector. However, around 20 per cent of the local workforce is still based in manufacturing, with one major employer being BAE Systems.
Other top employers in Blackburn include the local council and Blackburn College, as well as the East Lancashire Hospitals NHS Trust.
The IT, finance and communications sectors also play a big part in the local economy, and many of the leading companies in these fields can be found in places like Greenbank Business Park and Shadsworth Business Park.
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Head of finance recruitment at Cast UK
When looking for the right person to fill such a key role in a business, you need as relevant a shortlist as possible so you can decide on the perfect one. That’s where Cast UK comes in. We only work with recruits at senior levels, so you can be sure that any candidates who have been through our filter will be relevant and ready to make a difference. Call 0333 121 3345 to speak to one of our experts.
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