Head of Finance and Governance (p/t) #715 @ INGO
- Recruiter
- Accounting for International Development
- Location
- Remote/ Hybrid London UK
- Salary
- £50,000 pro rata
- Posted
- 13 Jun 2022
- Closes
- 13 Jul 2022
- Job role
- Head of finance
- Contract type
- Permanent
- Hours
- Part time
- Experience level
- Director
Head of Finance and Governance (p/t) #715
INGO
£50,000 pro rata
Remote/ Hybrid London UK
Permanent 2-3 days per week.
Award winning INGO is recruiting a Head of Finance and Governance to support Chief Executive and provide strategic management and operational oversight of finance, HR and business support functions and to ensure that everything is done in the most financially effective manner and in compliance with all statutory and regulatory requirements.
Our partner is an award winning UK based charity, which is promoting different solutions to the issues facing international aid and the WASH sector including standalone social impact businesses and programmes to improve hygiene, sanitation and nutrition for under-fives; designed to increase resilience and self-reliance and improve the lives and life chances of farmers, families, women, girls and young children.
This is a part-time role, which would suit an experienced accountant/company secretary, seeking to work flexibly. The 2/3 days we anticipate this role requiring could be spread over 5 days, if the incumbent found this more convenient and all the requirements of the role can be met.
- You will be the ultimate responsible person for all of the charity’s external and statutory financial reporting, including reports to funders, trustees and regulatory bodies, though the bulk of this work will be delivered by the finance teams in the UK and Africa.
- You will provide strategic budgetary and financial management support to the Chief Executive in London and the Managing and Finance Directors overseas, assisting them to develop compelling bids for fundraising and inward social investment and will liaise, if necessary, with the financial managers/reviewers of any potential funders/investors.
- You will provide advice and guidance on HR, contractual, corporate and statutory matters to the senior team in the UK and overseas, consulting/liaising if necessary with our lawyers, auditors, and other service providers in both countries.
KEY AREAS OF RESPONSIBILITY
1. Finance
1.1. Financial strategy
- Supporting the development of financial strategies under a variety of scenarios for internal management, trustee discussion and presentation to potential funders/investors.
- Leading on financial discussions with trustees and prospective funders/investors.
- Developing the financial competence and confidence of PA/BW’s senior teams.
1.2 Financial oversight
- Ensuring that monthly management reporting, budgeting and forecasting is accurate and timely and supporting the needs of management, trustees, project managers, funders and donors.
- Reviewing the annual budget proposals raising issues, challenging assumptions and, ultimately, agreeing same with the local teams.
- Reviewing the monthly financial returns submitted/presented by the finance teams querying anomalies and overspends and agreeing/requiring actions to be taken.
- Updating the rolling forecasts of income and expenditure (reflecting actuals to date), monitoring the bank positions and using this to approve or reject requests for ongoing or exceptional expenditure.
1.3 Financial management
- Maintaining up to date Financial and HR Policy and Procedures Manuals and responding to requests for variations thereto or divergence therefrom.
- Being the principal signatory and authorised administrator for all UK bank accounts and approving changes to the mandate for bank accounts overseas.
- Approving and signing off all cash transfers
2. Programme support
2.1 Programme budgeting
- Preparing, discussing, reviewing and agreeing the financial budgets for individual projects and/or generic programmes.
- Assisting the teams with costing, pricing, taxing and other financial sales related issues.
2.2 Programme reporting
- Maintaining cumulative records of expenditure by funder and overseeing the preparation of funder reports and audit completion statements confirming the full dispersal of funds.
- Submitting financial claims to statutory funders as and when required.
3. Corporate obligations
3.1 Statutory reporting
- Being the principal point of contact between the external auditors the Treasurer and the board.
- Agreeing the annual audit timetable and priority audit areas with the external auditors
- Reviewing the draft statutory accounts produced by the local finance teams, agreeing the split between restricted and unrestricted programmes, calculating carried forward balances and agreeing same with auditors.
- Confirming the appropriate use of restricted income, writing the trustees’ annual review, securing an unqualified audit report, responding to the annual audit letter, convening and managing the AGM.
- Reviewing and signing off all statutory filings and ensuring compliance with all regulatory restrictions and statutory obligations.
3.2 HR and legal
- Ensuring compliance with all legal, statutory and regulatory requirements in the UK and all other countries of operations.
3.3 Trustee management
- Preparation of board papers and management of board meetings.
PERSON SPECIFICATION
Essential
- Educated to degree level or equivalent
- Relevant financial, HR and legal experience and qualifications
- Understanding of managing business support systems, including ICT and procurement
- A thorough knowledge of HR systems and processes
- Experience of managing organisational development and systemic change
- Excellent written and oral communications skills
- Familiarity with complex donor reporting and of managing restricted/unrestricted funding
- Experience of working in an international and highly regulated environment
- Awareness of investor relations in a social investment and entrepreneurial context
- An understanding of staff management and a willingness to support staff development
- A willingness to work flexibility in accordance with the demands of a small organisation