£c.£55,000 per annum
Russam is delighted to be supporting a central London based charity with their search for a Head of Finance.
This role is key in a small Management Team, reporting directly to the CEO. The Head of Finance will manage the day to day financial operations and oversee the organisations procurement activities. The successful individual will be responsible for delivering complex organisational and project budgets to targets, and producing regular reports to senior management, trustees and donors. The Head of Finance will also need to play a key role, working with other members of the finance team and with other managers, in identifying and implementing opportunities to improve the financial management, control and reporting arrangements.
As the team is small, the Head of Finance will need to be prepared, alongside their higher level responsibilities for financial reporting and planning, to work on detailed transaction processing.
Financial Management functions
- Manage all UK financial accounting functions, ensuring that all financial data held in the accounting system is accurate and up-to-date, managing the sales and purchase ledger functions, managing cashflow and the payroll function, ensuring all control accounts are reconciled each month.
- Responsible for the financial planning, budget monitoring and reporting for the full range of the organisation’s operations, including development of improved information and procedures for managing, with Project Managers, the financial position of projects.
- Work with Programme Management team on preparing budget proposals for donor applications.
- Present monthly financial reports to the Senior Management Team, Board of Trustees and to the Finance & Audit Committee, covering YTD and forecasts for income, expenditure, fund balances and cash.
- Liaise with the donors’ finance and procurement departments (including DFID, World Bank, EU and DGIS) to ensure timely and accurate delivery of projects’ financial reports, and to manage associated accounts receivable activities.
- Manage/liaise with a finance team of 4-5 in London and regional offices.
- Draft statutory accounts, working closely with external auditors. Maintain compliance with all Companies House, Charity Commission, and VAT/other HMRC reporting responsibilities
- Identify and implement opportunities to develop and improve systems and processes
Financial Control and risk management
- Oversee the timely processing of supplier and customer invoices and grant requests, transfer of other information required to prepare the management accounts and statutory accounts;
- Work with the overseas offices and with partner organisation to promote best practice standards in financial management.
- Lead the development and implementation of the financial control framework, including reviews/updates and enforcement of the organisation’s financial and procurement procedures.
- Manage relations with external suppliers.
- Coordinate the maintenance of and implementation of the group risk matrix
- Management of banking arrangements
This role will require some international travel.
We are looking for an experienced finance professional, with initiative and the energy and enthusiasm for the role. You should also meet the following criteria:
- CCAB or equivalent accounting qualification, with at least 5 years’ post qualification relevant experience.
- Solid understanding of international development, specifically financially managing programmes and projects in developing countries, and a strong understanding of UK charity accounting standards, and financial management in both non-profit organizations and in consulting / contracting businesses.
- Proven ability to implement and manage complex budgets.
- Experience of working with major bi- and multi-lateral donors such as World Bank, DFID and EU
- Strong interpersonal, communication (written and oral) and motivation skills.
- Experience in working in developing countries is an advantage.
How to Apply
To apply for this position please provide the following two pieces of information:
- A comprehensive CV, including details of your achievements in each role
- A short supporting statement, explaining how you believe your skills and experience match the requirements of the role.