Head of Finance

  • Job Reference: MS-HOF
  • Date Posted: 5 May 2022
  • Recruiter: Love Success plc
  • Location: London
  • Salary: £60,000 to £65,000
  • Sector: Finance
  • Job Type: Permanent
  • Work Hours: Full Time

Job Description

Head of Finance | £60,000-£65,000 Per Annum (salary dependant on experience)

Permanent | Hybrid | Full time

This is a great role, working for a well-known non-for-profit in the education sector. This post will lead on the day-to-day operations of the Finance Team, ensuring all financial controls are in place and monitored on a regular basis, alongside maximising financial knowledge across the organisation and enabling staff to make informed financial decisions.

Key responsibilities include:

  • Accounts: leading the production of the monthly accounts, including periodic review of purchase-order commitments and balance-sheet reconciliations. 
  • Payments: ensuring all payments are checked, validated, and reconciled before authorised by Directors. 
  • VAT returns: prepare and submitting partial-exempt VAT returns with the FA and ensuring payments are made promptly. 
  • Payroll: ensuring that monthly instructions to the outsourced payroll provider are accurate working with HR. Salaries are checked prior to approval and pension provisions are paid (exploring the possibility of bringing the payroll function in-house). 
  • Fund accounting: ensuring that costs are separated and accounted for into restricted, designated, and/or unrestricted funds whilst being maintained at all times. 
  • Year-end/audits: leading both audit works (internal and external), the year-end process, preparing and coordinating files for the auditors as well as the statutory accounts for the relevant directors. Also, participating in the tender for both audit services for the next three years.
  • Controls: ensuring that all procedures and policies are up to date and monitored effectively by the team (proposing any enhancement as required). 
  • PO/Sage Systems: overseeing the administration of the purchase order/invoice processes, maintaining user access rights, and approving routes on the system as required with other team members. Maintaining Sage charts of accounts and their standard reporting. 
  • Overseeing and assisting the production of monthly management accounts from the MA, partnering budget holders (as appropriate), and escalating any issues encountered. 
  • Preparing grant claims for submission to the funders. 
  • Leading the annual budget and quarterly forecast cycles throughout the year for the whole of the company–working with the MA and budget holders to present the most up to date information. 
  • Assisting the DFBI in all aspects of financial planning, including 5-year projections (I&E, B/S, cashflow, investments), and scenario modelling. 
  • Constructively line-managing the finance team members including: performance management and annual reviews.
  • Planning the development of team members at all levels and your own professional development. 
  • Encouraging all team members to find opportunities to openly contribute to the success of the company and provide exposure to senior staff. 
  • Working with external parties such as DFE, funders, auditors, tax advisors, and legal partners to ensure work is completed in time.
  • Attending Board and Committee meetings as necessary–presenting financial information and various reports to Directors and trustees. 

Experience and qualifications required:

  • Educated to degree-level or equivalent.
  • ACA/ACCA fully qualified (strong technical CIMA candidates will be considered).
  • Strong knowledge of financial systems in general (Sage200 would be a significant advantage). 
  • Strong track records of financial controls and statutory reporting.
  • Highly experienced in reviewing financial plans and budgets. 
  • The ability to empower staff and build a confident team through effective leadership. 
  • The ability to prioritise workload to meet tight deadlines. 
  • The Ability to reach decisions and judgments based upon balanced assessment of the technical, business, and human factors involved.
  • Proactive approach to problem-solving, demonstrating initiative, and the ability to hit the ground running in a structured and considerate way for the benefit of the whole organisation. 
  • Demonstrable experience and ability to work within a high performance environment and to deliver KPIs as defined.
  • Be highly self-motivated and proactive with excellent interpersonal skills.
  • Have the ability to prioritise workloads to meet tight deadlines. 
  • Have the ability to reach decisions and judgments based upon a sound evidence base.