Managing the organisations accounting and transactional functions, including accounts payables, accounts receivables, credit control, statutory reporting, VAT and financial control.
The client is a leading Educational body in the area.
1. Strategic Management and Planning
a. As an advisor to the Senior Leadership Team, contribute to strategy, planning and management
b. Attend appropriate meetings of Regional Board Committees, as required.
c. Act as Finance representative on selected committees, as required by the Vice Principal - Finance and Corporate Services.
d. As one of two leadership roles within the finance department, jointly prepare and implement operational plans for the development of the department.
e. Represent the organisation externally dealing with external/internal auditors and other agencies.
f. Plan, manage and execute the timeline for completion of annual accounts.
g. Management of delegated departmental budgets.
2. Financial Management and Control
a. Prepare monthly financial control reports for the Vice Principal - Finance and Corporate Services, ensuring all reconciliations are up to date (trial balance, cash flow, debtors and payment performance).
b. Ensure compliance with VAT requirements and that VAT returns are prepared accurately and submitted timeously.
c. Compile the timetable for production of monthly and annual accounts and ensure compliance with the timetable.
d. Prepare the annual accounts for the organisation and all subsidiaries, ensuring compliance with the Government Financial Reporting Manual, Scottish Public Finance Manual, the Further and Higher Education SORP, other relevant financial reporting standards and the Accounts Direction issued by SFC, and prepare appropriate working papers for the annual external audit.
e. Ensure compliance with Generally Accepted Accounting Practice (GAAP).
f. Prepare appropriate SFC and other external returns in association with Vice Principal - Finance and Services, specifically Annual Accounts Return, and others as required.
g. Ensure that invoicing and accounting for Shared Services is implemented in accordance with legal agreements.
h. Ensure the proper management of the Student Funding function, including the application of SFC and internal policy and procedures.
i. Prepare regular performance reports on accounts payable, accounts receivable and student funding for the Vice Principal - Finance and Corporate Services.
j. Provide guidance, advice, and instruction if necessary to managers and lecturers on financial accounting, and student funding.
k. Providing operational liaison for internal and external audit - liaison with the team and those being audited on scope and timing of audit, and coordination of feedback on reports.
l. Maintain the audit follow up system ensuring updated obtained monthly and reports prepared for the audit committee.
m. Ensure Audit Scotland technical updates are circulated as appropriate and that documented evidence is obtained of updates being implemented as required.
n. Act as a counter fraud champion and take the lead on National Fraud Initiatives within the organisation.
o. Systems administrator for financial accounting and support systems within the organisation, including acting as key contact for banking.
Member of CCAB Accounting body
Degree or equivalent in a relevant discipline
Current knowledge of financial reporting standards
Understanding of public sector / government accounting and regulatory frameworks
Knowledge of VAT legislation
Experience of financial management in a large, multi-functional organisation
A great package is available for the successful candidate