Head of Finance - Sheffield, United Kingdom - Fraterno Ltd

Fraterno Ltd

Verified Company

Sheffield, United Kingdom

1 week ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Fraterno are delighted to bring you a brand new Head of Finance role based in south Sheffield.

Our client is a long standing school, who have recently lost their Head of Finance. They are looking for someone to come in and pick up where this person left off.

This is a fantastic opportunity for an experienced Head of Finance to hit the ground running with a great team already in place.

Reporting to the CEO; the Head of Finance is accountable for accurate reporting of financial results and managing the Schools financial affairs.

Key Responsibilities and Accountabilities

Managing all the financial reporting for the School. This includes monthly financial reporting, budgeting and forecasting, 5 year financial plans and all statutory financial reporting.
Providing sound financial support and insights to the Executive to allow them to make critical business decisions and reporting to the Governing Body.
Presentation of financial results and insights to the Governing Body
Managing and overseeing the cash flow of the School and ensuring it has the appropriate budgetary controls
To be responsible for the effectiveness of the systems of financial control and for ensuring that all procedures comply with the Rules and Regulations of the Charity Commission, HMRC and the Companies Act. Financial Strategy
To prepare the short, medium and long term financial projections used for management decision making.
To plan and prepare the School annual budget with the Executive for endorsement by the Full Board of Governors.
Prepare and review of monthly and termly Forecasts providing explanations of all deviations from budget.
To advise on the current and future viability of the Company.
To prepare financial papers in preparation of Finance meetings of the Governors. Be available upon invitation for Finance and other Governors' meetings, to provide information and advice on financial matters where necessary.
To identify areas where costsavings and efficiencies to processes could be generated. Financial Accounting
Managing the External Auditor relationship and ensuring the School is compliant with accounting standards
To prepare the draft annual statutory accounts and detailed audit files, including preparation of group accounts, for both schools, liaising with the auditors.

2 Management Accounting

To prepare monthly and termly management accounts for both the Company and Mount Conferences Limited, and with reforecasts, expected end of year outturn. Provide commentary on deviations from annual budget. Preparation of financial reports, as required, to the Governing Body. To work with the Governors and Executive to develop efficiencies to management and financial reporting.
To prepare revenue and capital budgets.
To lead on, review and monitor the annual budget process to ensure it is prepared in an efficient and timely manner.
To prepare weekly and annual cash flow forecasts and comment on variances Accounting Systems
To monitor and report on systems of financial control and advise on improvements.
To recommend and once approved, implement changes to the financial system as required to ensure optimum efficiency
To create appropriate links between the accounting system and other school data bases as required to support efficient operation Accounting Software
To be proactive and innovative in seeking to ensure that the financial and information systems contribute to the growth and efficiency of the Company.
To assist with the control, input, output and access to the computer based financial accounting systems.
To oversee the operation of WCBS PASS accounting system for both companies seeking guidance from the ICT department and WCBS Support where necessary. Expenditure Control
To undertake detailed costing and prepare monthly costing reports against the budget with commentary for variances, highlighting adverse variances issuing to key budget holders.
To prepare monthly board pack including income, expenditure account, balance sheet and cash flow forecasts with commentary for the Executive Team.
Managing and overseeing the company's banking and borrowing arrangements
Advising and implementing best practice methods to increase revenue and reduce costs. General and Fees Ledger
Responsible for overseeing staff in reconciliation of all balance sheet codes and ensuring deadlines are adhered to, providing cover where necessary.
Responsible for overseeing the work of the Billing Officer as regards the fees ledger, ensuring that the operation of all billing and credit control is carried out in a timely and correct manner. Preparing reports on fee debtors for the Executive Team.

3 VAT

Responsible for the review of quarterly VAT returns for Mount Conferences Limited.
Research and provide advice on compliance with VAT regulations as necessary. Other Statutory and Compliance responsibilities
Providing advice on corporate tax issues as necessary.
Providing advice on financ