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Head of Finance
  • United Kingdom - London -
1 year ago
£60000 - £65000 Per year
Head of Finance
Full Time
Job Description

This role would be well suited to qualified candidates in the charity sector who are keen to lead a team and develop systems and processes across the entire finance function. Leading a team of 5, you would be responsible for the financial controls along with assisting the COO in the strategic plans for the organization moving forwards.
Key Responsibilities:

  • Monitor and review the effectiveness of financial controls to ensure that they remain appropriate at all times
  • Work with budget holders to prepare the annual budget for approval by the Finance Committee and Department for Education
  • Work with the Chief Operating Officer on general strategic organizational development, service and business planning
  • Implement new financial system to meet the increased demands of the School and its reporting
  • Ensure compliance with all relevant financial legislation, regulations and guidelines such as SORP, VAT, Charity Commission requirements, etc.
  • Prepare quarterly VAT returns and annual corporate tax returns for trading company
  • Monitor and manage cash flows to maximize interest receivable
  • Maintain strong working relationships with bankers, auditors and investment managers.
  • Manage the finance team; monitoring their work, setting targets and carrying out regular reviews
  • Assist the COO in the preparation of papers for the Finance Committees termly meetings
  • Oversee the processing of donations and grants to ensure they are properly accounted for and that Gift Aid claims are made accurately and promptly
  • Ensure an appropriate distinction is maintained between restricted and unrestricted funds and monitor use of restricted funds to ensure that all restrictions are observed
  • Coordinate the smooth operation of the monthly payroll and ensure that all relevant requirements relating to PAYE, etc. are complied with.
  • Draft annual financial statements and supporting papers in line with the Charities SORP, Companies Act and all other relevant reporting requirements
  • Oversee the annual audit ensuring the team prepare all relevant documentation.
  • Ensure accurate and timely submission of HMRC returns (RTI, P11D, PAYE Settlement Agreements, etc.)

Required Knowledge, Skills, and Abilities
  • Qualified (ACA/ACCA/CIMA) Accountant with experience leading a finance function
  • Understanding of charity accounting requirements and of the Charities SORP 2015
  • Previous management experience with a focus on developing and training staff
  • Excellent interpersonal and communication skills
  • Ability to present financial information in an accessible format
  • Able to interpret and clearly explain complex financial data to non-finance staff, students and parents
  • Proactive and flexible attitude

Reference no: 105440

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