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 West Bromwich
Only five miles north-west of Birmingham, West Bromwich is a large town that offers a number of options for those seeking Head of Finance roles.
For hundreds of years, West Bromwich was mainly an agricultural area and the town first rose to prominence during the 19th century when deposits of coal were discovered in the region.
It grew quickly as a coal mining town and associated industries also arrived. Indeed, the area became known as the Black Country due to the smoke and soot that resulted.
Until the latter half of the 20th century, West Bromwich's economy was based mainly on manufacturing, with one of its main products being metalwork for the automotive industry. Textiles and chemicals were also produced.
The town suffered significant job losses during the 1970s, as more and more factories were moved to locations abroad in order to make use of cheaper workforces.
Today, West Bromwich's economy is mainly based in retail and the service sector; this is particularly due to recent investments to regenerate the area - with large shopping centres like Queen's Square. West Bromwich Building Society has been based in the town for more than 160 years, while the region's main employers are based in the public sector, including Sandwell Metropolitan Borough Council.
Manufacturing, however, does still play a part in the local economy, with products including building supplies and technology.
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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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