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Finance Manager

Sky Recruitment Solutions
Closing date
9 Aug 2021

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Capella Professional are working in partnership with Derby Cathedral who are seeking to appoint a Finance Manager to be part of the Senior Executive Team. The Cathedral is embarking on an exciting period of change to create and develop a new vision and strategic development programme as they begin to develop the aspirations for the future. Core to that new vision is financial sustainability. The role of the Finance Manager will be very much a key part of the strategic development planning process as the new vision is discerned and created. This is an exciting opportunity to join a strong and dynamic team.
Job Role;
Reporting to: Chief Operating Officer
Direct Line Management of: Transactional Finance Assistant & volunteer assistants
Hours: 28 hours per week (4 days)
Key Dependencies: Dean, Business Development Manager, Chair of Finance Committee, Head of Finance of Derby Diocesan Board of Finance Limited.
Job Purpose
The Cathedral is at the beginning of a period of change as we begin to develop the aspirations for the future and core to that new vision is financial sustainability. The arrival of a new Dean in 2020, together with the appointment of a new Chief operating Officer will see a number of new positions being created to build a strong Executive Team, and the role of the Finance Manager will be very much a key part of the strategic development programme as the new vision is discerned and created.
The successful candidate will lead and develop the financial services within the organisation.
The Cathedral's finances are currently managed in partnership with the Derby Diocesan Board of Finance Limited (DBF). It is the intention for the Cathedral Chapter to establish its own function and the candidate will lead this transition from the DBF.
There will continue to be mentoring and support from the Head of Finance for the DBF for a period of time.
Absolute integrity is essential in ensuring all information produced is of the upmost accuracy and presented in a manner which is appropriate and required by the Chapter.
The successful candidate will be a member of the Senior Executive Team as well as presenting financial reports to the Finance Committee & Chapter.
Finance Strategy and Development
To lead on a financial strategy together with the development and enhancement of all financial systems.
To lead on implementing strong financial controls and processes.
To design and implement changes that transform the way of working across financial processes, policies and systems.
To identify opportunities to develop the restricted investment portfolio to total return.
To work in partnership with the Business Development Manager to nurture and maximise current income streams and develop new opportunities, including funding campaigns, legacies, fundraising, Friend's schemes, grants and investment opportunities.
To lead on the production of financial plans, including projections and forecasts of revenue (income and expenditure).
To support the Chapter in the implementation of the new Cathedral's Measure and dual accountability to the Church Commissioners for England and the Charity Commission.
Financial Management
Produce full monthly management accounts by 14 days following month end , including full balance sheet reconciliation
To deliver monthly cash flow forecasts as agreed with the COO, with weekly snapshots being available for the executive team meetings.
To maintain the purchase and sales ledgers including all controls and reconciliations, bringing weekly payments runs for authorisation by the COO, prior to bank submission.
Update and report on all financial gifts to the Cathedral as part of the management accounts pack , including standing orders, parish giving scheme, weekly envelopes, loose cash collections and 'one off' donations.
Maintain the fixed asset register.
Prepare and submit VAT claim to HMRC.
To manage and support the Transactional Finance Assistant in their day duties, including identifying any training requirements.
To ensure supplier payments have been prepared accurately and on regular basis as agreed with COO and in line with agreed credit terms.
To ensure submission of Gift Aid claims to HMRC and claims to the Listed Places of Worship Grant scheme are completed on a monthly basis to maximise cash availability.
To lead on the review of the Finance Risk Register and implementation agreed changes in conjunction with the COO and Finance Committee.
To lead on the preparation of the Cathedral's budget for agreement by Finance Committee and Chapter in early November of each year.
Preparation of trial balance information for the Statutory Accounts in the early part of each calendar year.
Liaise with the Cathedral's financial advisors regarding completion of the annual audit
Keep up to date with developments in finance best practice and to support the development of policy and service improvement
Take a proactive approach to continuous professional and personal development
Carry out such other duties as may be required by the Dean or COO either on a regular or occasional basis to secure the smooth operation of the Cathedral administration as a whole
Comply and fully cooperate with the Diocesan Safeguarding and Health and Safety policy.
After a period of transition, to establish the Cathedrals own payroll system and processes which are currently undertaken externally.
Skills & Experience
To have previously worked at a senior level within a finance structure.
To have an excellent knowledge of SAGE finance and payroll products.
To be confident and experienced in the maintaining and development of systems and processes.
To be proactive in identifying issues and action change.
To maintain up-to-date knowledge of any legislative changes; communicating any changes to the Senior Executive Team and Chapter.
Experience in setting budgets and forecasts
Experience of preparing final accounts and able to build a relationship with the external auditors.
To have worked with a Senior Executive Team to monitor financial performance against targets and agree on corrective action.
Experience in presenting to the Finance Committee on financial matters including performance and performance to strategic financial plans.
The ability to assess effectiveness and efficiency of finance processes.
To be able to provide accurate and timely financial reporting, budget and forecasting to assist with the organisation's decision making and ensure that robust financial controls are in place in order to ensure the charity can meet its various compliance requirements.
Experience in collation and analysing financial and non-financial data to inform decision making
Line management experience.
Familiarity with charity accounting would be an advantage
Member of the Association of Accounting Technicians (MAAT) or equivalent, or in the early stages of studying with a chartered accountancy body.
CIMA or CCAB qualifications desirable.
Knowledge of Cathedral Accounting Regulations and of charity commission accounting practice desirable.
Knowledge of Church of England administrative structures desirable.
Legal knowledge
Knowledge of charity law, and of trustees financial and other responsibilities, and of Charity Accounting requirements, particularly the Statement of Recommended Practice
A sound understanding of UK. taxation framework, including Income Tax, Gift Aid, and VAT
Personal attributes and skills
The postholder must be supportive of and in sympathy with the aims and ethos of the Church of England
Able to work under pressure with a flexible attitude,
A demonstrable team player with a collaborative and open working style
An agent for change
Able to work on own initiative with minimal support
Able to relate well at all levels, an excellent communicator of complex financial issues in a form that is accessible to all, both in writing and orally
Ability to build and maintain collaborative working relationships
Discreet and confidential
Excellent IT skills using Microsoft Office 365 applications & Sage software
Advanced working knowledge of current financial IT systems
Full driving licence and access to own vehicle, appropriate work visas (for non-EU subjects/ citizens)
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