Scotland’s newest leisure and staycation facility, Lost Shore Surf Resort, got underway July 2022 in Ratho, near Edinburgh. The £55m landmark development will include the country’s first inland surfing destination using revolutionary new technology.
The Lost Shore development is expected to open to the public in Summer 2024 – boosting long-term socio-economic, recreational and tourism benefits including creating up to 130 jobs once open, generating up to £11m for the local economy and attracting over 180,000 visitors each year.
The family-friendly park will feature a surf school and overnight accommodation and will for the first time give Scottish surfers the opportunity to train at home all year round and improve their chances of competing at major events, including the Olympics.
The development will use the latest wave generation technology called the Wavegarden Cove, developed by Wavegarden in Spain. The site will host surfers of all abilities who can ride the 1,000 bespoke ocean-like waves created per hour.
Set within a 60-acre country park, the new destination will offer waterside accommodation for all needs, including families, surfers and international visitors, through luxury lodges, glamping pods, accessible wave pods, bothies and canal berths.
Lost Shore Surf Resort will also be home to The HUB, with facilities including a waterfront restaurant and food market, retail outlets, a surf school, a wellness spa, and a number of viewing terraces overlooking the surf. Lothian-based company Rogue Village will develop a dynamic programme of events and create a unique food destination.
This new surf destination will include a whole raft of new Wavegarden technology, including improved air and tube riding sections, as well as Waikiki and Malibu waves which break in the reef areas for beginners.
Wavegarden has witnessed extremely high growth in the surf park sector with more than 60 projects currently in development across the globe, 7 facilities operating successfully and 7 projects currently under construction across 4 continents, proving the growing global appetite for surfing and its many physical and mental health benefits.
As part of this exciting development and growth, the role of Head of Finance has been identified to support the senior leadership team and board in delivering the project for 2024. The Head of Finance will be responsible for delivering the operation finance needs of the business whilst also acting as a key business partner to the wider business and delivering actionable MI to facilitate key business decisions. It is envisaged that the role, over time, will naturally progress into a CFO position making the opportunity highly attractive in terms of career progression for the successful candidate.
With a direct reporting line to the CEO, the Head of Finance role will primarily support the rapid growth of the company, implementing finance systems, robust controls & procedures and be responsible for the delivery of accurate month end, quarter end and year end reporting. The successful candidate will be required to work closely with key stakeholders and departmental heads throughout the business. A key focus will be on providing the management team with detailed commentary to support decision making across the business whilst also working closely with the CEO and COO on additional projects.
This is a highly visible role within the business and will require a clear communicator who has strong influencing abilities across a range of level and teams. Key to this will be someone with a detail-oriented mindset and a passion for accuracy who can spot areas of opportunity to drive performance and profitability whilst mitigating financial risks to the business. Critical to the success of the role will be someone with a strong commercial acumen who can think and contribute strategically in an emerging market.
Additionally, during the first period of development, the Head of Finance will have responsibility for the hands-on transactional elements of the finance function and closer to the launch date will be responsible for the development and growth of the team as the business grows. The Head of Finance will also work in conjunction with the CEO and COO on a wide range of business-related initiatives along with being responsible for the year end audit process.
This role represents an excellent opportunity to join a high-profile start up with a range of highly notable investors in one of the largest leisure projects in Scotland created to date. It will offer the successful candidate a chance to fully implement a finance function from day 1 and play a key role in the journey and future successes of Lost Shore Surf Resort.
The Head of Finance will head up and establish the finance function and will be responsible for the delivery of monthly, quarterly and annual financial reporting for the business, as well as the development of internal control policies and procedures and be a direct support to the CEO.
Specific responsibilities include:
- Management Accounts
- Cash flow management and forecasts
- Preparation of annual accounts
- Payroll and Payments processing
- VAT Returns
- Budget vs Actual reconciliations
- Liaising with monitoring surveyors
- Regular reporting/monitoring as per investment documents
- Liaising with Management and lawyers on CPs
- Preparation of any fundraising documents
- Assistance with preparation of Board packs
- Presentations as required at Board Meetings
- Ad hoc reporting required for investors and board
- Financial modelling of investment appraisals for additional projects
- Qualified Accountant (minimum 5 years pqe) (CA/ACCA/CIMA)
- Advanced Excel skills to financial modelling level
- Excellent communication skills at all levels of a business
- Self motivated to deliver under pressure and to specific deadlines in a fast-paced environment
- Proactive approach to business partnering
- High levels of integrity and resilience
- Excellent presentation and reporting skills, able to deliver relevant reports and analysis succinctly and clearly
For more information and a full position profile, please contact our retained advisor Daryl Harper at Amplifi Talent or click apply.
Please note that all direct and 3rd party applications will be forwarded to Amplifi Talent for assessment and review.