Chief Finance Officer

2 weeks ago

Chorley, Lancashire, United Kingdom Albany Academy Full time

ALBANY LEARNING TRUST

Chief finance officer (CFO)

Full-time (£46,549 to £48,587)
Albany Learning Trust is a small, tight knit school trust situated in Lancashire and Bolton.

With over 1000 pupils currently on roll, the trust provides an excellent education within a caring environment where every child is well known by every member of staff.

This is an exciting opportunity for an excellent finance specialist to lead and develop our finance teams.

  • Our schools have recently been recognised as a 'HPL' World Class schools.
  • The trust has links across the region, nationally and internationally with other schools, trusts and education organisations.
  • We have an excellent team of staff managing finance in both schools.
  • Promote a culture of high performance, with an understanding of school finance
  • Be a passionate advocate for value for money.
  • Have a strong evidencedriven approach to school improvement.
  • Be innovative and inspirational to both children and colleagues.
Interviews are scheduled to take place Friday 3rd March 2023.

Job description:

CFO
Albany Learning Trust is committed to creating a diverse workforce.

We will consider all qualified applicants for employment without regard to sex, race, religion, belief, sexual orientation, gender reassignment, pregnancy, maternity, age, disability, marriage or civil partnership.


Job details

Name:

Job title:
Chief finance officer (CFO)

Salary:
£46,549 to £48,587

Hours: 37 hours per week

Contract type:
full-time, permanent

Reporting to:

CEO

Responsible for:
Catering manager

Main purpose


The
CFO is responsible for the financial development and sustainability of Albany Learning Trust and for the financial probity of the organisation.


They will be responsible for providing the leadership and management of the trust's finance and business functions, enabling the trust to work effectively towards its aims.

They will support the
CEO in their role as the trust's accounting officer.

My duties and responsibilities


The duties and responsibilities listed below are indicative of the tasks the
CFO of Albany Learning Trust will perform and are not intended to be an exhaustive list.

You will be expected to take on additional responsibilities appropriate to your role as they arise.

Strategic leadership and trust development


You are accountable for supporting the trust's strategic development and aims through effective financial planning and management, in line with regulations.


You will:

  • Advise the
    CEO, board and other trust leaders on all matters relating to financial strategy and operations
  • Contribute to the development and implementation of the trust's strategy, providing financial analysis and guidance on all activities, setting financial objectives and monitoring performance
  • Contribute to the trust's risk management efforts, including identifying strategic and operational financial risks, taking steps to mitigate these risks, and maintaining the trust's risk register
  • Develop, implement and monitor the trust's business plan, using effective financial and budget modelling and benchmarking to support strong decisionmaking
Financial management and control

You are accountable for maintaining robust financial management of the trust and its academies.

You will:

  • Manage the budget process, from planning through to approval, working with other trust leaders
  • Work with headteachers and/or business managers within the trust to prepare and monitor individual academies' budgets in line with school development plans and the trust's strategic objectives
  • Provide accurate and timely information to the board and other trust leaders to enable effective budgetary control
  • Develop, implement and monitor the trust's financial policies and procedures on procurement, virements, asset management and disposal, etc in accordance with the Academies Financial Handbook, enabling robust financial management
  • Take appropriate action to address financial risks, problems and irregularities
  • Develop and maintain an effective internal audit procedure for the trust and its academies, including producing termly internal audit reports and making recommendations for improvement.
  • Manage the external audit procedures for the trust and its academies, and follow up on any recommendations resulting from audits
  • Establish and monitor effective procurement procedures in order to achieve financial efficiencies, including overseeing the tendering process
  • Oversee the trust's commercial contracts, ensuring they represent value for money
  • Arrange and manage necessary insurance arrangements for the trust
  • Manage the trust's tax and National Insurance arrangements, including ensuring claims for VAT and business rates are submitted and refunds are received and appropriately accounted for
  • Manage the trust's cash position at all times, including overseeing bank deposits
  • Support the inco

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