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Head of Finance
4 months ago
Job Description
Head of Finance: UPSU is a not-for-profit, value led organisation which exists to represent the interests of the students studying with the University of Plymouth and support their wider student experience through extracurricular activity. Key responsibilities will be to develop and deliver outstanding Finance Services in line with UPSU's strategy and to be accountable for the strategic management of the Union's financial resources and services and successfully manage the day-to-day operations within the Finance Team. The successful candidate should be a fully qualified accountant with a breadth of experience from a range of finance environments in senior roles, demonstrating strategic financial management. Areas of responsibility:- Provide strategic and financial guidance to ensure that the Students' Union's financial commitments are met.
- Ensure UPSU has strong financial management.
- Responsibility for strategic risk management.
- Company secretary for the University of Plymouth Students' Union trading subsidiary.
- Develop, implement, and monitor annual business operating plan for the Finance Team and services provided.
- Ensure compliance with all statutory and legal requirements.
- Oversee the year end statutory accounts preparation and audit.
- Lead the preparation of the annual budget and forecasts and present finance papers to the Board of Trustees and relevant committees.
- Ensure timely and accurate financial accounting, production of monthly management accounts and the processing of returns to HMRC.
- Ensure a strong internal control framework and effective financial policies and procedures are in place.
- Responsibility for the SU's payroll system and ensuring that PAYE regulations are adhered to at all times.
- Ensure that insurance cover is adequate for all areas of the SU, whilst maintaining value for money.
- To ensure that the Union's cash assets are regularly reconciled, effectively managed to optimise cash flow and invested in a manner that will maximise the interest earned.
- Manage relationships with University finance staff, auditors, tax advisors, insurance brokers and banks.
- Provide leadership and direction for the Finance Team.
- Provide leadership, direct and coaching for direct reports.
- Co-ordinate the work and monitor the workloads of direct reports, undertaking performance reviews for Finance staff as appropriate.
- Identify individual training and development needs for direct reports and the Finance Team and assist in their development.
- Create a culture of excellent customer service, ensuring that staff treat colleagues, students and stakeholders in a friendly manner and do everything in their power to exceed their expectations.
- Be responsible for the development and maintenance of relevant regulations and policies.
- To lead the development of finance IT systems to simplify and streamline approaches whilst maximising efficiencies.
- Contribute to the development and maintenance of UPSU's Risk Register.
- To update and maintain the Union's asset register and other records of the Union's financial and physical resources.
- Lead responsibility for any IT Service Level Agreement with the University.
- Ensure the department's operations are compliant with national and local legal requirements including Health & Safety and the Students' Union's internal procedures.
- Overall responsibility for all health and safety matters within the department, ensuring that the Health and Safety Policy and appropriate legislation is adhered to, ensuring the health and safety of customers, suppliers, and visitors to the Students' Union.
- To produce timely and accurate financial reports to the University as required under the 1994 Education Act.
- Understand and uphold the Vision, Mission and Values of the organisation and ensure that these guide and inform the work and conduct of the post holder. UPSU has a democratic decision-making process and the post holder must always respect this when carrying out their duties.
- To cover any Duty Manager responsibilities as and when required.
- Keep UPSU's strategic plan in mind at all times, aligning all work efforts with the plan
- Be knowledgeable of the UPSU Constitution and Bye-Laws, as they apply to this post, including any legal requirements.
- Work in accordance with all UPSU policies and procedures, including Health and Safety, Staffing Protocols, Financial Procedures and the UPSU Equal Opportunities Policy.
- Work in accordance with UPSU's Environmental Policy.
- Undertake duties from time to time as requested by the Chief Executive that may be reasonably considered within the scope of the post.
- Attend from time to time, as required, meetings as necessary to meet the requirements of the post.
- Attend all Staff Development Days and training as required. Flexibility in working hours may be required to accommodate this.
- Contribute to the positive image of the Union with students, the University, stakeholders and the local community.
- Be flexible and adaptable in a changing environment, the role holder may be assigned to other areas of the Students' Union to meet the needs of the service. This will in turn provide development opportunities in which to broaden experience.
