Position Objective: The Finance Manager position is integral to the operational success of Fuse Recruitment, focusing on managing the financial operations, including reporting, cash flow management, accounts payable/receivable, payroll, and compliance with relevant industry, accounting and employment regulations.
The Finance Manager will oversee all financial operations of the business, ensuring the effective management of accounts payable and receivable, cash flow, financial reporting, payroll, and compliance.
A key focus will be on the accurate and timely execution of weekly payroll for on-hired workers and interpreting relevant awards.
The Finance Manager will provide strategic financial insights to support business growth while ensuring compliance with all financial and employment regulations.
Key Responsibilities: Financial Planning and Analysis: Support the Executive Management team with developing and managing the financial strategy, ensuring alignment with business goals.
Prepare and analyse financial forecasts, budgets, and reports to support senior management in making informed decisions.
Conduct variance analysis to identify trends, cost control opportunities, and performance improvements.
Financial Reporting: Prepare monthly, quarterly, and annual financial statements, including P&L, balance sheets, and cash flow reports.
Ensure accurate and timely reporting, including weekly payroll reports, to support operational decision-making.
Prepare financial reports for board meetings and other key stakeholders.
Cash Flow Management: Oversee the company's cash flow to ensure liquidity and financial stability.
Implement strategies to optimise working capital by effectively managing debtors finance facility, receivables, payables, and payroll.
Prepare cash flow forecasts and provide regular updates to management.
Accounts Payable and Receivable Management: Accounts Payable: Manage the Accounts Payable function, ensuring timely and accurate processing of supplier invoices and payments.
Reconcile supplier statements and address any discrepancies promptly.
Ensure adherence to credit terms and manage relationships with key suppliers.
Accounts Receivable: Manage the Accounts Receivable process, ensuring timely invoicing and collection of payments from clients.
Monitor outstanding invoices and manage effective debt recovery strategies to minimise overdue accounts.
Conduct regular debtor reconciliations and reporting on aged receivables.
Payroll Management (On-Hired Workers and Internal Staff): Weekly Payroll for On-Hired Workers: Oversee the end-to-end processing of the weekly payroll cycle for on-hired workers, ensuring accurate and timely payment of wages.
Review timesheets and interpret relevant awards and agreements to ensure correct pay rates, allowances, and entitlements are applied.
Ensure compliance with superannuation, PAYG, and other statutory obligations.
Internal Payroll: Manage end-to-end monthly payroll processing, including commission payments, for internal staff, ensuring compliance with all employment laws and contracts.
Manage payroll queries from both on-hired workers and internal employees in a timely and professional manner.
Cost Control and Operational Efficiency: Implement cost control initiatives across the business, identifying opportunities to reduce costs and improve efficiency.
Analyse operational expenses, recommending areas for savings or process improvements.
Compliance and Regulatory Reporting: Preparation and compliance with all relevant tax regulations, including BAS, PAYG, FBT, payroll tax, Superannuation, Workers Compensation and WGEA.
Manage the annual end-of-year process and liaise with external Accountants to ensure accurate and compliant financial reporting.
Ensure that all payroll processes are compliant with Fair Work legislation, the National Employment Standards (NES), ATO and other relevant regulations.
Keep updated on changes to awards, legislation, and employment conditions, advising management of potential impacts on the business.
Financial Systems and Processes: Oversee and optimise financial systems (e.g., Astute, Xero) to ensure efficiency and data accuracy.
Ensure that financial processes are robust, secure, and compliant with internal controls and regulatory standards.
Leadership and Team Management: Lead, mentor, and manage the finance team, providing guidance on accounts payable/receivable, payroll, and compliance.
Foster a culture of continuous improvement, encouraging team development and process optimisation.
Qualifications and Experience: Bachelor's degree in Accounting, Finance, or a related field.
CPA or CA qualification preferred.
Minimum of 5 years of experience in a financial management role, preferably within the recruitment, staffing, or labour hire industry.
Extensive experience with accounts payable, receivable, payroll management, and award interpretation.
Strong understanding of Australian accounting standards, tax laws, and employment regulations, including Fair Work compliance.
Proficiency with financial systems and payroll software (e.g.
Xero, Astute, ATO STP).
Advanced Excel skills for financial modelling, analysis, and reporting.
Key Competencies: Analytical Thinking : Ability to analyse financial data and trends, providing actionable insights.
Attention to Detail : High degree of accuracy in financial reporting, payroll, and compliance matters.
Communication : Strong verbal and written communication skills, with the ability to explain complex financial information to non-financial stakeholders.
Leadership : Ability to lead and motivate a finance team, driving performance and operational excellence.
Problem Solving : Strong problem-solving skills to address payroll, accounts, and compliance challenges.
Time Management : Ability to manage multiple priorities and meet deadlines, particularly during the weekly payroll cycle.
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