Finance Manager - Education

FINANCE MANAGER - EDUCATION

STOURBRIDGE

UP TO £45,900 (Negotiable to £48,500) + Excellent Pension + Holidays + Benefits

THE COMPANY:

We're exclusively partnering with a leading education institution that is seeking a Finance Manager to join the organisation.

As Finance Manager, you'll be reporting to the CFO and be responsible for managing of the finance and commercial team which consists of approximately 6 direct reports. The role will be a mixture of people management, deadline management and analytical reporting, in effect, leading all aspects of the busy finance function. As this role is a succession plan due to planned future retirement, in time, the responsibilities will grow.

This role is likely to suit an individual who is a Management Accountant that is looking for the next step in their career, or someone who is already operating at a Finance Manager / Head of Finance level. It's a great opportunity to join a reputable organisation where you can professionally grow.

THE FINANCE MANAGER ROLE:

• Assist the Finance Director in developing and implementing financial strategies, policies and procedures to support the College's financial objectives.
• Oversee and manage the day-to-day financial operations including accounts payable, accounts receivable and general ledger.
• Through the Payroll Manager, oversee and manage the day-to-day payroll and pensions operations.
• Ensure the accuracy and integrity of financial information by conducting regular reconciliations and audits.
• Provide financial analysis and insights to colleagues including budgeting, forecasting and financial performance reports for income, pay and non pay areas.
• Collaborate with other managers and colleagues to develop and monitor departmental budgets and to ensure compliance with Financial Regulations and other College policies.
• Manage and mitigate financial risks by implementing effective controls and risk management strategies.
• Stay up to date with sector information and guidance, advising the Chief Finance Officer & Vice Principal and Finance Director on potential impacts and opportunities.
• Provide leadership and guidance to finance and payroll team members, fostering an ambitious and positive culture and collaborative work environment.
• Prepare and present financial information to the Finance Director, Chief Finance Officer & Vice Principal, College Leadership Team and other stakeholders.
• Attend meetings with external stakeholders such as auditors, bankers, local authorities and funding bodies to address financial matters and provide necessary information and documentation.
• Work closely with curriculum colleagues to ensure that agreed contribution rates are achieved.
• Act as the finance lead on all new activities ensuring they are financially robust and in line with strategic plans. Monitor and report on all new activities.
• Alongside the Finance Director, to lead on the month and year-end processes and close-down, including the preparation of Financial Statements for external audits.
• Reconciliation and allocation of funding agency data to income streams.

THE PERSON:

• A fully - qualified accountant (ie. ACCA, ACA, CIPFA, CIMA etc) or a finalist that will complete their qualification within the first 12 months of employment
• Candidates from a Management Accountant role (or similar) who are looking to step up OR individuals who are already at Financial Manager / Head of Finance level (or similar) will be considered.
• A minimum of 5 years' experience in a similar role, ideally within an educational setting, however, candidates from NHS, Not for Profit, Charities, Local Government and Private Sector Businesses are welcome to apply
• Strong financial acumen and understanding of financial principles, regulations and best practices.
• Detailed understanding of relevant funding body funding methodologies.
• Excellent analytical and problem-solving skills, with the ability to identify and resolve complex financial issues.
• Strong Excel skills with a working understanding of PowerBI and other financial reporting and analysis tools and software.
• Excellent attention to detail and a high degree of accuracy in financial data analysis and reporting.
• Strong leadership and management skills with the ability to motivate and develop a finance team.
• Excellent communication and interpersonal skills, with the ability to effectively collaborate with internal and external stakeholders.
• The ability to effectively convey complex finance issues to non-finance colleagues.
• Knowledge of financial risk management strategies and have the ability to develop and implement effective controls.

TO APPLY: Please send your CV for the Finance Manager role via the advert for immediate consideration.

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