Finance Manager - London, United Kingdom - STR Group Limited

STR Group Limited
STR Group Limited
Verified Company
London, United Kingdom

1 week ago

Tom O´Connor

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Tom O´Connor

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Description
**Finance Manager
Newham, London
3 Month Contract
£400 per day UMBRELLA (INSIDE IR35)**We currently have an exciting opportunity for a Finance Manager to join the team of a public sector organisation based in Newham.
As Finance Manager, you will be required to provide expert support to the Repairs and Maintenance Service.

Accountancy experience in the public sector is essential and you will need to demonstrate the ability to support managers with budget monitoring, forecasting,cash flow analysis and to lead in closing the accounts for service areas.

You will also need to produce performance analysis both financial and operational to measure outputs against cost.

You will also need to support Service Heads with expert analysis onfinancial performance and to provide interventions and mitigation's for overspending budgets.

An ability to use local IT systems is essential and you will be required to provide support for systems improvements to ensure financial information is accurate andreliable.


Key Tasks and Accountabilities:


  • To be a key manager in a team that manages the Repairs and Maintenance Service Finance, Payroll, Procurement and Performance Systems.
  • To be a key manager on ensuring that practical and reliable improvements can be made to the financial management systems used within the service.
  • To deputise to the Performance and Systems Manager in leading and managing the RMS service performance and business improvement remit. This includes any other quality systems introduced to the service.
  • To lead on budget setting, financial monitoring and reporting for the RMS management accounts ensuring accuracy and timely returns in line with the corporate timetable. To provide financial management information to evidence and inform business decisions.
  • To lead on the closure of accounts and to be responsible for consolidating all financial transactions within the business into a final set of accounts.
  • To manage and report on financial risk and engage with Heads of Service to quantify mitigations. To also be responsible for providing financial input into growth bids and the procurement of supplies and services.
  • To develop and implement new and innovative ways of working to improve financial processes for payroll, payments, income and finance including integrating these processes to local and corporate systems.
  • To lead on the engagement with commissioning clients to ensure a seamless process dealing with business transactions that may exceed £40m per year and to ensure that cash flow management is rigorously maintained to minimise the carrying of debt. There willalso be the responsibility for producing financial management information to analyse debt and to ensure that prompt payment and to find resolutions for transactional disputes.
  • To provide an analytical analysis for financial performance and to be responsible for ensuring that the Service pricing strategy is robust, evidenced and provides value for money for residents and commissioners.
  • Working directly with Heads of Service within the Service to ensure that services are achieving cost targets, performance profiles and pricing objectives.
  • Supporting the delivery of the business objectives and monitor service performance and client satisfaction through Key Financial Performance Indicators, client surveys etc.
  • Driving innovation, process improvement and improved use of technology and financial systems to more effectively deliver support to the RMS service and the Council as a whole.
  • To manage the development of key financial performance indicators across the Repairs and Maintenance Service ensuring that business systems are fully utilised for the collection and reporting of data to present to Heads of Service for management actionand to ascertain if there is any impact on financial reporting.
  • To manage the reconciliation and allocation of staffing costs and hierarchies across the Service and to be the direct liaison with the corporate payroll and HR functions.
  • To be a key member of a team that focuses on business critical performance data that will give insight into the effective running of the division. This includes procurement, financial and business insights.
  • To be responsible for the liaison between the service and the corporate fleet management team to ensure that relevant management information is provided and rigorous monitoring of fleet costs to ensure accuracy with apportionments and value for money.
  • To interpret financial performance and quality data as required to produce recommendations for service redesigned to deliver agreed targets and continual improvements to the Repairs and Maintenance Service Management Team.
  • To be responsible for the consolidation of the management accounts at year end, including a comprehensive analysis of business activities to produce an analysis of accruals with detailed working papers.
  • To seek improvements in business processes to enable greater use of corporate systems to streamline and drive efficiencies to the delivery of key business development functions.
  • To provide monthly operational and financial performance information for service managers highlighting variances to forecasts and providing insight and challenge to enable Service improvement.
stream is acting as an Employment Business in relation to this vacancy.
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