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 Dundee
Dundee is an industrious city that has changed its roles many times over the centuries. Its North Sea-facing front made it ideal for whaling, and the industries that surround it, such as boatbuilding, whale oil processing and jute manufacture (it was discovered that jute could be lubricated with whale oil). Those industries are gone now, but after World War II the city was to have something of a boom. The company NCR set up in Dundee, initially making shop cash registers, and later moving on to making banks’ cash machines. The company was also a pioneer of the now-ubiquitous magnetic strips, and also made computers.
The electronics company Morphy Richards was formed and based in Dundee after a merger, and Michelin tyre factory was also established. All this time, industry worked along shipbuilding, but by the 1980s this industry was in terminal decline. Along came Timex, who manufactured Sir Clive Sinclair’s ZX Spectrum in the city; this home computer was a huge success, owing to its colour graphics and reasonable price. However the Timex factory closed in the early 1990s.
The city was also a publishing magnet, and many a child grew up reading DC Thompson’s famous output: Beano, Dandy and the gung-ho Commando comic books. And when they grew up, they played Lemmings and Grand Theft Auto, developed by Dundee’s Rockstar Games. There is also a strong biomedical and biotech industry in the city.
Dundee is such a thriving place that no short article can do it justice. And of course, all this moving of materials and products, and the servicing of its 150,000 population means that Head of Finance positions are regularly required.
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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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