Head of Finance

2 months ago

London, United Kingdom Huntress Full time

**The Head of Finance is a senior management role, accountable to and line managed by the Group Finance Director**

Working with this Collage you will provide strategic financial management, planning and

control, ensuring the overall financial health of the College group. To ensure that the

financial affairs of the College group are conducted within the conditions of the Financial

Memorandum of the main funding bodies (currently ESFA and GLA Agency), to ensure

effective and efficient management of the Finance team and compliance with the

Group's Financial Regulations and Procedures.

**Duties**:
**Leadership of the Finance department**
- To line manage the Finance department and its staff effectively and efficiently.
- To assist the Group Director - Finance and Resource Planning in the preparation of financial plans for budget holders and assist budget holders in the control and use of their budgets.
- To monitor and control actual expenditure against allocated revenue and capital approvals uploaded in the financial system
- Ensure that efficient procedures exist for the prompt collection of debts and the payment of creditors in accordance with the College policy.
- To monitor cash flow effectively in order to maximise investment, whilst ensuring any overdraft terms and loan covenants are adhered to.
- To manage the Group bank accounts, cash flow, investments, taxation and VAT and other statutory returns.
- To act as a signatory to the Group's bank accounts.
- Commercial and cost accounting
- To oversee payroll staff and processes as required, to ensure accurate payments are made to staff in line with budgets and post requisition changes.
- To ensure all reports and returns are made and payments for pensions, tax national insurance and other payroll deductions are paid appropriately and promptly.
- Produce monthly management accounts to strict deadlines.
- Assist the Group Director - Finance and Resource Planning with the production of the annual report and financial statements, and returns to statutory and funding bodies.
- Risk and Audit
- To liaise where necessary with external stakeholders such as bankers, insurance, funding bodies and procurement.
- To build and manage an effective team, ensuring high levels of professionalism and excellent customer service.

**QUALIFICATIONS**

CCAB Fully Qualified Accountant with appropriate academic qualifications.

A higher level leadership/management qualification would be desirable.

**EXPERIENCE (all essential)**
- Experience of successful financial leadership in an educational environment.
- Experience of delivering statutory accounts, monthly management accounts, annual budgets and financial forecasts.
- Strong IT and reporting skills using primarily Microsoft products.
- Monitoring, reporting and advising on financial strategies that deliver strong financial health.
- Experience of working with senior managers to develop financial strategies, strategic objectives and business plans.
- Providing financial advice to staff across an organisation.
- Developing the financial capabilities of budget holders.
- Experience of working with external stakeholders such as bankers, auditors and funding agencies.
- Experience of contributing to the improvement of systems and process to ensure efficiency and effectiveness.
- Explanation of complex financial information to staff at all levels.

Huntress Search Ltd acts as a Recruitment Agency in relation to all Permanent roles and as a Recruitment Business in relation to all Temporary roles.

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