Chief Finance Officer

Location
London (Central), London (Greater) (GB)
Salary
Up to £50,000
Posted
19 Jul 2021
Closes
19 Aug 2021
Contract type
Permanent
Hours
Full time
Experience level
Qualified accountant

Role profile

The Chief Finance Officer (CFO) is responsible for the management of all financial activities of the company. Duties include tracking cash flow and financial planning as well as strategic analysis of the organisation’s finances.

The CFO reports directly to the Chief Executive Officer (CEO) and the Board of Directors/Trustees on all strategic and technical matters as they relate to budget management, cost benefit analysis, forecasting needs and the securing of new funding.

Duties & Responsibilities

Financial processing and information

  • Oversee day-to-day accounting for the main organisation (charity accounting) and its trading subsidiary (UK GAAP standard company accounting) in Sage
  • Develop and maintain systems of internal financial controls to safeguard financial assets of the organisation, meet the organisation’s contractual obligations and pass quality assurance by counterparties including government organisations.
  • Oversee all purchasing and payroll activity for staff, contractors and suppliers
  • Oversee Accounts Payable, Accounts Receivable and banking operations
  • Maintain adequate cash flow to meet the organisation's needs
  • Oversee business insurance plans and coverage requirements
  • Oversee the maintenance of the inventory of all fixed assets, including assets purchased with government or charitable funds, ensuring compliance with funders’ requirements.
  • Develop and maintain disaster recovery measures for Finance function

Financial reporting

  • Oversee the management and coordination of all financial reporting activities, including organisational income & expenditure and balance sheet, reconciliation with funders, as well as financial statements and cash flow projections for use by SMT and Board of Trustees. Attend Board meetings and lead on Finance matters with Treasurer support.
  • Monitor actual financial results against organisational and contract/project budgets.
  • Manage annual budgeting process, including compilation of budgets on a department level, consolidation and review with senior management and Board.
  • Prepare and file annual financial statements in accordance with UK GAAP, Charities SORP and Charities Commission requirements
  • Coordinate and oversee audit, ensuring all audit queries and issues are resolved in a timely manner and any compliance issues are swiftly addressed
  • Oversee reporting to funding agencies

Operational delivery

  • Assist senior management team in identifying new funding opportunities and drafting of prospective programme budgets, including determining cost-effectiveness of prospective service delivery.
  • Contribution to contract negotiation, particularly with regard to financial risks and payment arrangements.
  • Support senior management to ensure programmes’ success through cost analysis and financial compliance with all contractual and Funders requirements.
  • Support ongoing financial education of senior management team.

Person Specification

Knowledge & skills

Professional experience – essential

  • A recognised CCAB qualification or equivalent with post-qualification experience at management level including at least one previous senior management role with responsibility for team development
  • Technical accounting experience:
    • Management accounting in a multi-cost centre environment
    • Statutory accounts production including consolidation experience
    • Accountability for a Finance IT environment e.g. as a sysadmin
    • Development and maintenance of accounting processes
  • Proficient in use of Microsoft Office with advanced use of Excel, Sage 50 and e-commerce applications and reporting.
  • Excellent verbal and written communication skills and good ability to communicate complex financial matters concisely to senior management and Board of Trustees

Industry experience

  • Awareness of current trends, initiatives & activities in UK charity sector, including funding and resources available. - essential
  • Confident application of the Charities SORP and compliance with Charities Commission requirements - essential
  • Understanding of current trends and developments specifically in welfare reform and the development of Welfare-to-Work programmes under the DWP and other government departments. - desirable

 

 

Personal attributes

  • Team player with good verbal and written communication skills to report and work alongside Board members, Senior Management Team members and all staff.

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