To combine financial, analytical and management skills to provide support to the Assistant Director of Finance & Estates and Senior Management Team with decision making and promoting long term financial health of the business. To ensure compliance with the Financial Regulations and Procedures to meet all relevant audit and statutory requirements.
1. To work with Budget Holders and the Assistant Director of Finance & Estates to develop budgets in line with strategic plans
2. To prepare draft consolidated monthly management accounts, including commentary, analysis and explanation of variances from budget and any abnormal income or expenditure.
3. To ensure that all accruals and prepayments schedules are up to date at every month end and lead on issuing and ensuring the month end timetable is followed and staff keep to key deadlines set.
4. To review the management accounts with the Assistant Director of Finance & Estates offering insights and analysis into nominal activity and produce final management accounts
5. To assist in the production of user-friendly budget holder reporting ensuring timeliness, relevancy and accuracy.
6. Assist budget holders to manage their budgets through monitor performance and providing financial advice and guidance as required.
7. To develop and implement procedures to ensure capital costs in revenue are identified and work with the Technical Accountant to ensure correctly accounted for each month end.
8. Review the monthly sales ledger and purchase ledger aged debtors listing and put in place actions to ensure the timely payment of suppliers and the raising of income due from tuition fees through monthly reconciliation of the EBS system.
9. To comply with audit and statutory requirements, in line with the college’s financial regulations and procedures and which reflect best practice.
10. To develop and implement innovative financial systems, controls and procedures using latest technologies that reflect best practice in the sector, meet audit requirements and ensure cost effective deployment of staff.
11. To ensure the accurate and timely recording and processing of general ledger transactions such as accruals, prepayments, deferrals, recharges etc. and that all transactions are appropriately authorised in line with college procedures and audit requirements. Ensure all control accounts are reconciled monthly excluding bank, fixed assets, loans and VAT.
12. To ensure timely processing of the payroll payments and other associated payments (e.g., pensions, NI etc.) including the reconciliation of all control accounts and accurate allocation of individual costs. Liaise with HR staff to ensure the accuracy of individual payments in line with budget and staffing approvals.
13. Support the Assistant Director of Finance with the payroll budget setting process and ensure that systems are in place and monitored on a monthly basis to reforecast budgets and provide accurate forecasting of payroll.
14. To liaise with auditors and provide assistance, support and access to relevant and appropriate information, records and files. To implement all audit recommendations within agreed timescales.
15. To provide guidance and training to all College staff on financial procedures and budget holder responsibilities and other related queries. To ensure the provision of a finance function that supports College activities e.g., enrolment.
16. To provide leadership and direction including performance management of staff involved with the sales and purchase ledgers.
17. Working closely with the Senior Finance Officer, providing support and cover as may be required.
18. Any other duties of a similar level of responsibility as may be required.
Qualifications
Essential Criteria
CCAB qualified accountant with a significant amount of experience in management accounts, budgeting and performing bank reconciliations gained from working in a large complex organisation. Part qualified accountant with considerable experience in a similar role will be considered
Desirable Criteria
Management qualification
How Identified: Certificates
Experience
Essential Criteria
Strong track record of effective staff performance management within a busy finance department.
At least 3 years’ experience in a similar role.
Experience of balance sheet reconciliations and nominal analysis
Ability to manage and prioritise team workload to meet deadlines and audit requirements
Experienced at producing the monthly management accounts and statutory financial statements
Desirable Criteria
Education sector although all sectors considered including the private sector.
How Identified: Application / Interview
Specialist Knowledge
Essential Criteria
Experience of developing systems and procedures for financial ledger input, control and reconciliation
Experience of preparing monthly management accounts
Experience of producing timely and accurate financial management information for key stakeholders and staff at all levels.
Investigation of anomalies and variances.
Desirable Criteria
Experience of VAT processing and returns
Fixed asset and depreciation calculation and recording
Practical experience of credit control procedures and debt recovery.
SORP in Education.
How Identified: Application / Interview
IT Skills
Essential Criteria
High level of Excel skills to intermediate or advanced level
Experience of implementing financial software systems.
How Identified: Application / interview