Job description
At McLaren Racing, we’re not just here to try to take the chequered flag. We’re here to excite our fans, inspire our people and deliver for our partners. And we’re also committed to evolving our sport, our industry, and our technology, too.
Purpose of the Role:
The Accounts Receivable (AR) Team Leader will lead the daily functions of the AR team, with responsibility to ensure the timely processing of sales orders, debt collection, and managing the team through a system upgrade. This role will be a partially technical accounting role, which will require an understanding of FRS 102 and ability to understand, digest and summarise key revenue accounting terms.
Role Dimensions:
- Work with the team to develop a strategy for the team, maximising technology and reducing manual work or duplication where possible
- Supporting the business in raising invoices and collecting debt on time
- Leadership of a small team who have well established responsibilities within the organisation
- Setting objectives & being the responsible individual for accountability of the whole end to end processes
- Work Arrangement: We have adopted hybrid working across the team; however, flexibility to work hours will be required to meet the operational demands of the teams that you support
Principal Accountabilities:
- Creation and maintenance of a contracts register, ensuring all new contracts are reviewed, understood and key terms distributed to relevant individuals on a regular basis.
- Responsible for owning the end-to-end revenue policies and processes across the various revenue streams.
- Posting of month end journals, as well as review of team members journals for other revenue streams.
- Lead a small team of competent staff, who are responsible for the day-to-day invoicing and debt chasing.
- Custodian of all revenue streams and reconciliation back to contract, checking for stage of completion, also ensuring the matching principle for costs.
- Designing the control environment of the department, including performing internal audit checks.
- Proactively assist in putting in place improved systems to allow better decisions to be taken which will drive growth of profits and delivery of cash
- Approval of invoices, and review of upcoming sales orders.
- Reporting to the leadership team on upcoming sales orders, expiring contracts or new/amended contracts.
- Balance sheet reconciliations for accrued/deferred income, with commentary on movements ready for review.
- Proactive and managing the weekly cashflow forecast, reporting to key stakeholders on movements .
- Review of the month end reporting on aged debtors, ensuring that we maximise our working capital.
- Monthly meetings with relevant partnership heads to feedback on aged debt and to escalate recoverability.
- Working with the Cost cap reporting team in reconciling of all exchange contracts to the cost cap reporting team.
- Be aware and able to understand associated stock movements.
Job requirements
Knowledge, Skills and Experience:
- Multiple years’ AR experience, ideally at a manager level.
- Experience of operating in / with foreign tax jurisdictions is advantageous .
- Experience using SUN Systems & Power BI would be an advantage.
- Comfortable working in a fast-paced environment.
- A track record of getting things done against tight deadlines.
- Sound understanding of FRS 102.
- Confident using Excel .
Personal Attributes:
- Collaboration – Champions diversity of thinking and inclusion by engaging in cross-functional ideation and leveraging data to avoid subjectivity.
- Strategic – Provides clear strategy, vision and direction for the business; galvanising disparate teams behind “fewer, bigger, better initiatives”.
- Credible – Persuasive and nuanced communicator; exudes gravitas and builds excitement, engagement with ease.
- Results-driven – Exceptional work ethic; takes accountability for both success and failure; continually strives for better.
- Challenges – Provides constructive feedback and challenges others to strive for more, both in innovation and meeting stakeholder needs.
- Leads – Creates the conditions which enables innovation to thrive, and which encourages calculated risk-taking; empowers individuals and develops teams.
- Role Model – Champions our values and cultivates an environment which encourages everyone to bring their true self to work.
What can McLaren offer?
We constantly strive
to be better tomorrow than we are today. Our ambition is to be the most
pioneering and exhilarating racing team in the world, and our collective task
is to set the standards for high performance in sport. We show up every day with
energy and enthusiasm, ready to play our part.
We encourage and
support diversity, equity and inclusion. We will actively promote a culture
that values difference and eliminates discrimination in our workplace.
McLaren Racing is
based at the iconic McLaren Technology Centre (MTC) near Woking. Our state of
the art, sustainable campus offers many facilities including a gym, restaurant
and indoor and outdoor break-out areas, as well as direct access to park and common
land. The MTC is connected to Woking mainline station via regular
fully-electric shuttle buses, from which London Waterloo is a 30 minute train
ride.
Hybrid working
patterns give you options to balance your home life and outside interests with
your work. We offer a comprehensive package of benefits including private
healthcare, car schemes, life insurance and generous pension contributions.