For full vacancy details, please follow the URL link to download the Head of Finance Job Description and Person Specification.
It will be the post holder’s responsibility to:
-Lead on the development of robust annual budgets, longer term financial plans and strategies for service areas ensuring they reflect the Company’s strategic objectives. Work with service areas to monitor performance of those budgets and plans and propose remedial action as required in line with the organisation's financial strategy.
-Provide timely and accurate information and advice to all levels of the organisation, up to and including board members, to allow effective management of budgets (£14 million +) and assist them in carrying out financial duties, whilst constructively challenging, using negotiation and influencing skills to achieve the desired outcome for the organisation.
-Lead on developing a culture which supports the delivery of value for money services, including preparing and reporting on benchmark information and key cost drivers.
-Analyse, interpret and communicate complex financial and performance data, and provide financial advice and actions in the form of management and Board reports in a timely manner.
-Contribute to the development and maintenance of an organisation wide performance management system, ensuring timely, accurate data is used to inform effective business decisions and drive productivity.
-Represent the organisation at a senior management level, whether that be internally or externally.
-Provide strategic direction in supporting and sitting on the Senior Management Team.
-Demonstrate proven knowledge of unit costs, interpreting price / activity variances.
-Develop, implement and maintain effective financial arrangements and lead on the review of financial policy, systems and practice supporting the delivery of a programme of continual improvement.
-Identify service areas in the Company where potential financial opportunities and risks arise. Quantify and grade risks identified and lead and/or support the formulation and implementation of mitigation plans where these are required.
-Lead on undertaking financial impact assessments relating to changes in or new legislative and service initiatives.
-Lead on / and/or support the timely preparation of robust business cases from a financial perspective, identifying and quantifying associated costs, benefits, risks and funding solutions. Where appropriate approve those business cases in line with delegated authorisation levels.
-Lead on the work involved in achieving the objectives in the Company and generating new ideas for the business in order to maintain and further generate revenue.
-Prepare and develop the Company’s Annual Accounts and Financial Statements, Revenue budget and HRA budget statement in line with Shropshire Council’s delivery timescales.
-Prepare the annual accounts closure programme as requested and in accordance with the agreed timetable for STAR Housing’s Revenue Account
-Preparation of Company Tax returns.
-Develop organisational commercialism. This key work will help develop the culture and environment through developing the practices, methods, aims, and spirit of effective commerce, and an attitude that emphasises tangible success through resource maximisation.
-Support and/or lead service managers in negotiating and tendering services and contracts from a budget monitoring aspect and ensure that value for money is secured at the point of tender and throughout the duration of the contract.
-Ensure compliance with financial regulations and professional accounting standards.
-Deputise for the Corporate Director in their absence.
-Manage the Finance budget
These duties are illustrative and not exhaustive. Please follow vacancy URL for full job details.