The role is primarily responsible for implementing the new IFRS accounting standard on leases.
This will involve collecting information, interpreting the standard and determining the correct treatment and accounting transactions required.
The role will also involve assisting with the production of the annual accounts so experience of the annual accounts process, preferably in a public sector organisation is desirable.
Specific Key Duties/Areas of Responsibility
1. Responsible for implementing the new accounting standard on leases IFRS16. This will involve identifying current lease arrangements, liasing with services to collect information about leases held and identifying the correct accounting treatment of leases in line with the new standard.
1. Assisting with the preperation of the annual accounts. This includes liasing with services to ensure that year end tasks are performed on time and the creation of working papers.
General Key Duties/Areas of Responsibility
1.Use and maintain knowledge of Local Government Financial regulations to ensure RMBC finances are compliant, and compiled according to best practice
2.Proactively initiate and implement improvements and developments in financial and business systems, processes and procedures
3.Carry out the day-to -day performance management of designated Finance Officers, including allocation and control of workload and performance and development reviews (PDRs) and identification of training needs to facilitate service improvement
4.Participate in, and contribute to, key projects on Corporate/Directorate areas of activity involving Council-wide/cross-Directorate strategies that promote innovation and creativity.
1. Deputise as required for the Finance Manager.
1. Determine priority work areas and plan, organise and control selected areas of work
1. Key Areas of Knowledge and Experience
Know-how (Level 7)
Extended experience of working within a professional financial or audit services environment
Proven track record of understanding and presenting complex financial information
Demonstrable success in planning and successfully delivering a programme of work and meeting client expectations
Evidence of working with and leading others to achieve a programme of work
Developing and implementing systems, procedures and controls
Delivery of training, including interpretation and communication of complex guidance to managers & staff
Practical knowledge of quality systems and procedures
A thorough understanding of the professional and statutory requirements associated with local government finance
Experience of accounting for operational and finance leases and the accounting regulations for leases.
Practical knowledge in relevant work areas eg: monitoring, reviewing and preparing complex budgets, ensuring timely production of financial information, ensuring close down and year end out turn reports are produced, complex risk management and insurance involvement
Researching and assessing the financial/procedural implications of new legislative requirements and regulation changes
Experience of supervisory, day to day management across a range of transactional services including ensuring transactions are processed in line with regulations
Utilising a range of ICT systems and applications