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Financial Business Advisor

2 months ago

Bexleyheath, Greater London, United Kingdom Team HC Full time
Job Description

Job Title: Academic Accounting Finance Business Partner

Job Type: Fixed term contract

Contract length: 46 weeks

Hourly rate: £46 per hour

Benefits:

  • Free parking
  • On-site parking

Working Hours:

  • 8 hour shift
  • Day shift
  • Monday to Friday

Requirements:

  • Bachelor's degree (required)
  • Financial Business Partner: 2 years (required)

Job Summary

The Academic Accounting Finance Business Partner will play a pivotal role in providing strategic support to the council's service areas. This includes implementing the business partnering function, providing financial advice, and managing operational performance.

Key Responsibilities

  • Implement the business partnering function for the specified service area
  • Provide strategic support in all aspects of financial advice for the service across the Council
  • Act as a partner with the service leadership teams to develop, constructively challenge, and support service plans and project delivery
  • Manage and report on operational performance for the business partnering team
  • Assess situations from a commercial, business, or finance perspective and provide appropriate financial advice to support complex business decisions
  • Work closely with all stakeholders to ensure best use of limited financial resources
  • Provide strategic financial insight, intelligence, and support needed
  • Respond to government and professional consultations, implementation of best practice models, and any other such requirements
  • Provide an effective Business Partnering function to the council and contribute to the development of policies, activities, and service improvements required to deliver the function
  • Work to ensure that finance staff deliver to customers in an efficient manner, within a professional business framework
  • Provide advice and support which demonstrates depth of knowledge, expertise, and customer focus
  • Be responsible for the provision of revenue monitoring, capital monitoring, budget setting (revenue and capital), MTFS setting, closure of accounts
  • Support the council's leadership at all levels and develop a strategic and workable response to the financial challenges the council faces in relation to the Services they are supporting
  • Proactively lead the financial advice and support to the defined service area, particularly with reference to revenue and capital monitoring, including delivering savings, and the budget setting and closure of accounts processes
  • Ensure that financial information is relevant and balanced and is received by decision-takers at the appropriate level
  • Ensure that financial data analytics are used where appropriate to better inform budget monitoring and longer-term financial planning
  • Ensure managers within the service areas supported receive the financial management training required to be effective in their roles and are aware of Financial Regulations (in particular the responsibilities of the Director and budget holders/managers) and requirements for obtaining the necessary approval prior to taking decisions
  • Continually review, update, and report on quantified financial risks and opportunities in the delivery unit or commissioning area supported, advising how the risks can be mitigated and the opportunities exploited
  • Advise the Strategic Business Partners of any matters that should be referred to the Chief Financial Officer in their S151 role on funding, financial management, and accounting requirements in respect of the portfolio of services which the post holder has responsibility for
  • Work closely with the Strategic Business Partners to contribute towards the development of the Integra Financial Management System, working with the designated service areas and the team responsible for the maintenance and development of Integra to drive improvements forward
  • Lead, manage, and motivate staff through excellent communication, professional guidance, support, and development in accordance with the council's policies and procedures
  • Be customer-focussed and develop self-service underpinned by reducing finance support
  • Ensure effective financial support to programmes and projects