Finance Director Engineered Ceramics - UK or NE US

Overview

Morgan Advanced Materials is a business rich in history and innovation. Founded in the UK in 1856, we have grown into a global organisation with 70 sites in 18 countries. Our model to serve our customers where they need us has led to a diversified product range using our unparalleled expertise in ceramic and carbon materials, which we exploit to solve difficult problems for our customers across a diverse range of markets.

 

We are a purpose driven organisation. Our purpose is to use advanced materials to make the world more sustainable and to improve the quality of life. We deliver on that purpose through the products that we make, and the way that we make them.

 

The Technical Ceramics business of Morgan Advanced Materials engineers high performance functional and structural ceramic materials, components and sub-assemblies to address customer-specific technical challenges.

 

Key Figures: Revenue £1,114.7m (2023), ~8,500 employees, manufacturing in 20+ countries, and a global customer portfolio. A UK PLC with head office located in Windsor, Berkshire UK.  Listed on London Stock Exchange; Member of the FTSE 250 Index.

 

 

Responsibilities

The Finance Director will carry out accounting, reporting and control activities for the Engineered Ceramics  Business Unit (BU) and ensure they are carried out efficiently, effectively and in line with best practice and the Morgan Policies. It includes the full Budget process, Month End reporting, organising the Limits of Authorities Schedule and being Person of Contact for Internal and External Audits.

 Key Figures for Morgan Engineered Ceramics:

Sales Revenue £155 MM; Headcount ~550 employees; 6 Sites; 8 Direct Reports

 

ESSENTIAL DUTIES & REPONSIBILITIES:

Operational Management

• As a member of the Business Units Senior Leadership Team, this key role will be a primary thought partner on all key decisions—from strategy-setting to driving flawless execution.
• Coordinating with internal and external stakeholders, ensure that all compliance-related items and best practices are applied throughout the business unit.
• Complete all financial reporting requirements for the business accurately and submission within STAR (Group consolidation system) in a timely manner, including but not limited to:
  • Weekly sales and order information
  • Monthly rolling forecasts and actual submissions
  • Annual Strategic Plan and Budget submissions
  • Supplementary quarterly analysis to support disclosure for Head Office/PLC reporting requirements
• Ensure the business maintains robust internal controls which will ensure compliance with financial regulations and group policies
• Ensuring the balance sheet is reconciled and controlled effectively e.g. ensuring appropriate inventory valuation, fixed asset register maintained etc.
• Monitoring and controlling working capital, optimising and reporting as required
• Planning and reporting on cash position as well as managing working capital to optimum levels
• Driving business system improvements and working cross functionally to propose and achieve cost reduction targets

 

Risk, Compliance & Ethics, Environment & Safety

• Ensure adherence to Morgan Internal Controls and Group Policies.
• Supervising and controlling the annual external audit and internal audit processes and being the main finance point of contact between Audit Team and Business.
• Supporting completion of statutory accounts and assistance with filings of other holding company accounts
• Supporting completion of tax pack for group reporting purposes and ensuring compliance with other tax related areas.
• Have adequate and up to date knowledge of Morgan’s Compliance Policy and Requirements
• Have adequate knowledge of health and safety regulation within their areas of control, observe the legislation and codes of practice, ensure all statutory registers and records are maintained.
• Ensure that all of your team are competent, adequately trained, supervised and have sufficient instruction and information to enable them to carry out their duties.
• Responsible for promoting and supporting the Morgan Purpose, Strategy and Values and leading by example at all times.

 

Strategy

• Provide analysis, interpretation and insight to business management (Sales and R&D) of financial results, highlighting risks and opportunities, and offering conclusions and commentary to help drive the business forward.
• Collect the capital expenditure projects from the sites with appropriate justif