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Finance Director

The Company 

Tried, tested, trusted, Geoteric is the Home of AI for Energy.  

Already the global frontrunner in AI seismic interpretation software, we're entering an exciting phase of growth, backed by a new investment group. 

Our interpretation software is used across the energy industry and has been enhanced in recent years with revolutionary, first-to-market AI technology to achieve an accurate visualisation of the subsurface, faster than ever before.  

We are proud to be playing a part in the journey to Net Zero, helping our customers to optimize the world’s resources today while paving the way for a more sustainable tomorrow.  

At Geoteric, we don’t just shape a better understanding of the earth, we shape careers. Join us on the journey… 

The Role 

Working closely with the Chief Executive Officer (CEO), the Senior Management Team and the Board of Directors to implement the strategic vision and direction for the Company.  

You will have primary responsibility for planning, implementing, managing and controlling all financial-related activities including the development of financial and operational strategies. 

You will attend Board Meetings to report and advise on financial and corporate governance matters.  

The Finance Director is an integral member of the Senior Management Team and will play a significant role in the overall success of the Company. 

Responsibilities 

  • Advise on the financial, commercial, and operational strategies required to achieve the long term Geoteric strategy. 

  • Work closely with the other members of the Senior Management Team in the preparation of the Budget and Annual Operating Plan.  

  • Ensure the Company’s Financial Modelling and Forecasting provide a reliable basis for operational decision-making. 

  • Update and maintain rolling financial projections based on the latest revenue and expense forecasts.  

  • Define and implement metric reporting to measure operational performance (for example, to monitor development projects, or service delivery). 

  • Oversee all accounting policies and procedures and the financial systems used by the Company and its subsidiaries. 

  • Ensure that the financial information and reporting requirements satisfy the requirements of the Board. 

  • Ensure effective internal controls are in place and compliance with applicable regulatory legislation for financial and tax reporting. 

  • Work with the company’s tax advisers to ensure the group transfer pricing policy and other accounting policies comply with international tax and accounting standards, and the specific regulatory requirements in Geoteric’s operating jurisdictions. 

  • Manage the Company’s banking relationships. 

  • Manage the Company’s treasury requirements, monitoring bank balances in all jurisdictions to maintain optimal funds as required operationally. 

  • Oversee the annual audit and tax planning process, liaising with the Company’s Auditors and Tax Advisors in both the UK and foreign jurisdictions. 

  • Ensure high standards of corporate governance are maintained, meeting all financial, legal, and regulatory requirements in both UK and foreign jurisdictions. 

  • Review NDAs and commercial proposals in collaboration with the Sales team. 

Personal Profile 

  • Qualified accountant (Chartered or Certified). Alternative education and industry experience will be considered 

  • Experience in a PE-backed, rapid-growth SME. 

  • Significant international experience establishing and managing subsidiaries. 

  • Proactive, analytical, pragmatic, ready to accept accountability and challenge established methods to improve efficiency and automate where needed. 

  • Team player with leadership skills to coach and motivate others 

  • Hands-on, with an understanding that working in a small team involves significant participation in routine processes. 

  • An ability to establish and maintain effective internal relationships at all levels. 

Desirable Experience  

  • Drive strategic financial initiatives to enhance business value, including implementing growth-focused processes, optimising operational efficiency, and supporting key organisational transitions. 

  • Advise on and assist with the review of all legal agreements with key customers, vendors, strategic partners and resellers. 

Relationships 

  • Reporting to the CEO, the Finance Director will collaborate closely with other members of the Senior Management Team, the Board of Directors, external advisors and key staff members across all Geoteric offices. 

  • The Finance Director has management responsibility for a small, high-performing team.  

Location & Travel 

  • The position is based in Newcastle with some flexibility to work remotely up to two days per week, assuming business needs are met. 

  • Occasional domestic and international travel 

Salary & Benefits  

A competitive salary will be offered in line with skills and experience. We offer a comprehensive range of benefits including: 

  • A 9-day fortnight working pattern, where you get every second Friday off—giving you an additional 25 days off each year!  

  • Flexible working 

  • Generous holiday allowance  

  • Pension Plan   

  • Life Insurance   

  • Private Health Care   

  • Personal Development Plan  

  • Time off to volunteer    

  • Cycle to Work scheme   

  • Discounted retail scheme 

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CEO of Geoteric
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Nicola Blanshard
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What You Should Know About Finance Director , Geoteric

If you're a skilled financial leader looking for an exciting opportunity, Geoteric is searching for a Finance Director to join our vibrant Newcastle team! We're the pioneers of AI seismic interpretation software, empowering the energy sector with innovative solutions that push the boundaries of what's possible. As the Finance Director, you'll work hand-in-hand with our CEO and Senior Management Team to shape our financial strategy and contribute to our ambitious growth plans. This role isn’t just about numbers; it’s about playing a pivotal part in our journey towards achieving Net Zero and optimizing the world’s resources. You’ll oversee all financial operations, from developing comprehensive financial strategies to guiding our budgeting process, ensuring that our operations run smoothly and efficiently. Additionally, your expertise will be crucial in maintaining compliance with financial regulations and upholding the highest corporate governance standards. If you're a proactive and analytical qualified accountant with experience in rapid-growth companies and a passion for financial innovation, we want to hear from you! Join us at Geoteric where we don’t just offer you a job; we offer a chance to shape the future of energy management while building your career on the path to sustainability. Are you ready to make an impact with us?

Frequently Asked Questions (FAQs) for Finance Director Role at Geoteric
What are the key responsibilities of the Finance Director at Geoteric?

The Finance Director at Geoteric is responsible for a variety of key tasks that are vital for our financial health. These include advising on financial and operational strategies, participating in budget preparation, overseeing financial forecasting, ensuring compliance with regulatory standards, and managing banking relationships. As an integral member of the Senior Management Team, this role plays a major part in guiding the company’s financial direction while supporting the achievement of our long-term strategy.

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What qualifications and experience are required for the Finance Director position at Geoteric?

To be considered for the Finance Director position at Geoteric, candidates should be qualified accountants (Chartered or Certified). We value alternative educational backgrounds and industry experience as well. Given the nature of our business, prior experience in a private equity-backed, rapidly growing SME is crucial, alongside significant international exposure related to managing subsidiaries. Strong leadership skills and a hands-on approach are also highly desirable.

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What kind of work environment can a Finance Director expect at Geoteric?

At Geoteric, the Finance Director can expect a supportive and collaborative work environment where teamwork and innovation are encouraged. The role is based in Newcastle with a flexible working policy allowing up to two days of remote work weekly. You'll be part of a dedicated finance team and work closely with the CEO and other senior leaders to drive our growth initiatives while contributing to a company that is on the cutting edge of AI technology in the energy sector.

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How does the Finance Director contribute to Geoteric's mission toward Net Zero?

As a Finance Director at Geoteric, your financial leadership will directly support our mission towards Net Zero. By ensuring that our financial strategies align with our sustainable practices and operational efficiencies, you'll play a critical role in optimizing resources. Your insights will help steer Geoteric’s investments and operational decisions toward initiatives that contribute to sustainability and responsible energy management.

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What benefits and perks are offered to the Finance Director at Geoteric?

Geoteric values its employees and offers a competitive salary complemented by an extensive benefits package for the Finance Director role. This includes a unique 9-day fortnight working schedule, a generous holiday allowance, flexible work opportunities, a pension plan, life insurance, and private healthcare. Additionally, you'll have access to personal development opportunities, time off for volunteering, and various employee discount schemes, all contributing to a supportive work-life balance.

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Common Interview Questions for Finance Director
How do you approach financial forecasting and modeling?

In an interview, when asked about financial forecasting and modeling, emphasize your structured approach. Explain how you utilize historical data alongside trends to create accurate projections. Discuss tools you employ for this purpose and stress the importance of continuously updating forecasts based on changing business conditions.

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Can you provide an example of how you've advised on strategic financial initiatives in your previous roles?

When answering this question, think of a specific example where your insights led to significant improvements or savings. Discuss your thought process, the actions you took, and the positive outcomes that resulted from your recommendations. Show how this experience equips you to contribute to Geoteric's future initiatives.

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How do you ensure compliance with financial regulations?

To effectively answer this question, outline your knowledge of relevant financial regulations and standards. Discuss how you keep updated with changes in laws and your approach to implementing internal controls to ensure compliance. Share experiences where your efforts directly resulted in meeting regulatory requirements.

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Describe a situation where you had to make a tough financial decision?

Respond by framing your answer around a specific situation that highlights your analytical skills and decision-making process. Discuss the factors you considered, how you weighed the options, and the outcome. Emphasize what you learned and how you apply those lessons to future challenges.

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How do you prioritize and manage multiple projects simultaneously?

In response, outline your methodologies for project management and prioritization, such as utilizing project management tools and techniques. Discuss how you assess the urgency and impact of each project, and share an example of successfully juggling multiple financial projects to meet deadlines.

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What strategies do you use for effective team leadership?

When answering about your leadership strategies, mention approaches that foster team cohesion and performance. Discuss how you set clear goals, promote open communication, and provide constructive feedback. Share success stories demonstrating your ability to lead a team to achieve significant results.

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How do you approach risk assessment in financial planning?

Discuss your systematic approach to identifying and evaluating potential risks in financial planning. Explain how you consider various factors that may impact financial performance and the strategies you employ to mitigate these risks, showcasing your analytical skills and preventative mindset.

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What experience do you have with financial systems and reporting?

When addressing this question, highlight the financial systems you have worked with and your proficiency in using them for reporting. Discuss how these systems improved efficiency in financial reporting and contributed to better decision-making within your previous teams or companies.

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How would you handle a situation where your financial projections differ from actual performance?

This question assesses your analytical and problem-solving skills. Explain your approach to analyzing discrepancies and how you communicate findings to stakeholders. Discuss the strategies you would implement to address the issues and refine future projections based on insights gained.

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What methods do you use to ensure effective communication with stakeholders?

In your answer, highlight your communication skills and methods you utilize such as regular updates, presentations, or reports tailored to the audience's level of understanding. Discuss the importance of transparency in maintaining stakeholder confidence in financial matters.

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Full-time, hybrid
DATE POSTED
January 3, 2025

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