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Farnell
Farnell, an Avnet company, is a global high-service distributor of technology products, services and solutions for electronic system design, maintenance and repair.
Finance Manager – EMEA
Location: Leeds
Department: Farnell Global - Finance
Reports to: Senior Finance Manager - EMEA
Role Purpose
Our team in Leeds, West Yorkshire, is looking for a Finance Manager - EMEA. This is a newly created role, responsible for ensuring the integrity, accuracy and timeliness of financial accounting across multiple European legal entities, of c.$800m revenue. The role is instrumental in overseeing month-end close and will also focus on gross margin accounting, balance sheet governance and key financial (SOx) control compliance.
This position will lead efforts to strengthen financial controls, improve balance sheet reconciliation quality, drive process efficiencies, and identify opportunities to enhance profitability and reporting effectiveness. The role combines technical accounting expertise with a practical, hands-on approach to operational finance and continuous improvement.
This is a flexible, hybrid working role, giving you the work-life balance to work from the office (three days) and from home (two days). We are looking for a qualified accountant (ACA, ACCA, CIMA) with managerial expertise and ideally who has experience of inventory and Gross Margin accounting.
This role is for an inquisitive and highly organised individual who can work collaboratively as part of a busy team and build strong relationships with wider stakeholders.
Along with offering a competitive salary package, what's in it for you?
- A supportive team environment where everyone is working toward the same goal.
- A strong open-door policy within management
- An environment where you will be given the tools and opportunities to further your career
- Pension scheme
- 25 days holiday plus bank holidays with the option to buy additional holiday
- FREE Onsite Parking & FREE Onsite Gym
- Flexible hybrid working
- Reward schemes – i.e. EV Car Scheme
What will you be doing?
Financial Accounting
- Lead the month-end, quarter-end and year-end close processes across multiple legal entities.
- Ensure accurate and timely reporting under IFRS and compliance with US GAAP reporting requirements for group consolidation.
- Review and approve journal entries, accruals, provisions and accounting adjustments.
- Review monthly financial results and investigate significant variances.
- Support the preparation of external audit deliverables.
- Ensure compliance with group accounting policies and reporting timetables.
Financial Control and Balance Sheet Governance
- Manage the balance sheet review process across all entities.
- Drive improvements in balance sheet reconciliation quality, timeliness and substantiation.
- Establish robust governance around high-risk and judgemental accounting areas.
- Review aged, unusual or unreconciled balance sheet items and ensure timely resolution.
- Develop and implement action plans to improve balance sheet health and reduce financial risk.
- Ensure intercompany balances are reconciled and resolved promptly.
Margin Accounting
- Responsible for ensuring accurate monthly gross margin accounting
- Working with the wider business on inventory and gross margin items, owning resolutions from a Finance and accounting perspective
- Review financial information to identify opportunities for margin improvement and cost optimisation.
- Challenge accounting and operational processes that negatively impact profitability.
- Support initiatives that improve financial visibility and decision-making.
SOx and Internal Controls
- Execute and review key SOx controls within the month-end close process.
- Maintain documentation supporting key financial controls and accounting processes.
- Partner with Compliance, External Reporting and external auditors during control and year end testing activities.
- Identify control deficiencies and implement appropriate remediation plans.
- Promote a strong control environment and culture of accountability across the finance team.
Process Improvement and Efficiency
- Identify opportunities to simplify and standardise accounting processes across entities.
- Drive automation and reduction of manual activities.
- Lead initiatives to improve close-cycle efficiency and reporting quality.
- Support finance transformation and continuous improvement projects.
- Develop meaningful KPIs around close performance, reconciliation quality and control effectiveness.
Team Leadership
- Lead and develop a small accounting team, providing coaching and technical guidance.
- Working daily with our overseas BPO team to assist with resolution of escalations
- Set clear objectives and performance expectations.
- Foster a culture of continuous improvement, accountability and collaboration.
- Support succession planning and team capability development.
What about you?
Essential
- Qualified accountant (ACA, ACCA, CIMA or equivalent).
- Significant experience in financial accounting, controllership or accounting management roles.
- Strong knowledge of IFRS.
- Strong balance sheet management and reconciliation expertise.
- Experience reviewing manual journal entries and accounting controls.
- Proven ability to improve accounting processes and strengthen financial controls.
- Experience managing multiple legal entities.
- Strong analytical and problem-solving skills.
- Advanced Excel and financial systems experience.
Desirable
- Experience within a multinational organisation.
- Experience working within a US-listed organisation or reporting into a US GAAP parent company.
- Experience operating in a SOX-controlled environment.
- Shared service centre and global process experience.
- Experience leading finance transformation initiatives.
- Knowledge of audit and regulatory compliance requirements across multiple jurisdictions.
Success Measures
- Timely and accurate month-end close.
- High-quality balance sheet reconciliations with minimal aged items.
- Successful execution of SOX controls and audit requirements.
- Reduction in manual accounting activities.
- Improved month-end close-cycle efficiency.
- Identification and delivery of margin enhancement opportunities.
- Strong compliance with IFRS, US GAAP reporting requirements and company policies.
- Development and engagement of the accounting team.
If you think this role could be the right one for you, then please APPLY NOW!
All applications will be reviewed by our Talent team, should we be interested in your profile we will contact you directly with a view to an initial chat.
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills.
Avnet is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability. If you are interested in applying for employment with Avnet and need special assistance or an accommodation to apply for a posted position contact our Human Resources Service Center in your region: Americas applicants – hrnow@avnet.com, Asia applicants - hrnow.asia@avnet.com, EMEA applicants - hrnow.EMEA@avnet.eu.
About us
As a leading global technology distributor and solutions provider, Avnet has served customers’ evolving needs for more than a century. Through regional and specialized businesses around the world, we support customers and suppliers at every stage of the product lifecycle.
We help companies adapt to change and accelerate the design and supply stages of product development. With a unique viewpoint from the center of the technology value chain, Avnet is a trusted partner that solves complex design and supply chain issues so customers can realize revenue faster.
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