Head of Finance – Charity

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    8 months ago
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Our client is a leading sports organisation and registered charity ideally situated on the Warwickshire / Birmingham Boarders and therefore easily commutable from across the West Midlands with easy access to A45 / M42 / M6

Following the departure of a long-term employee, FRS have been enlisted to assist with the recruitment of a Financial Controller / Head of Finance to join the business.

The Financial Controller provides timely and accurate financial information to the CEO and the Board while ensuring the Charity’s financial compliance. The post holder manages accounting and financial reporting, planning and budgeting, tax, payroll, pension, gift aid, cash management, purchasing, credit control and membership reconciliation.

• Working as a central member of the Senior Management Team (SMT), to support the CEO and COO in the delivery of the organisation’s operational plans.
• Responsibility for all accounting functions, including the purchase, sales and nominal ledgers, payroll, credit control and investments.
• Controlling the organisation’s financial resources, in accordance with the strategic plan and agreed policies as directed by the CEO, and to meet all regulatory requirements.
• Financial planning, budgeting, monitoring and reporting.
• Leadership, supervision, performance management and resourcing of the finance team.
• Identification and management of key financial risks and, where necessary, to introduce any controls for protecting the organisation’s funds and other assets.


Financial Compliance
• Preparation of annual financial statements for Company and Group to conform to all relevant regulatory requirements.
• Liaison with the charity’s external auditors, as required, during the course of the annual audit, including the drafting of annual financial statements, the auditors’ audit management letter and the drafting of letters of representation from company to the auditors.
• Overall responsibility for financial regulatory compliance, including submission of appropriate tax, Gift Aid and VAT returns and to advise on other matters pertaining to HMRC, charity law, Companies House, company law, PAYE, and appropriate legislation where appropriate.

Financial Management and Control
• Ensuring that company has appropriate internal systems of financial management and control.
• Ensuring financial systems are soundly operated, secure and based on appropriate computer systems, making full use of the technology available.
• Ensuring all revenue is properly documented and all supplier purchases and invoices are properly controlled.
• Provision of management information, as required, for membership subscriptions, registrations and trading sales.
• Overall control and management of debtors and creditors.
• Managing income from sponsors and other commercial partners.
• Liaison with managers and other budget holders in the setting and monitoring of budgets for their respective areas and reporting on a monthly basis.
• Maintaining and checking capital purchases within a fixed asset register.
• Co-ordination of the organisation’s insurances, such that all insurable key risks are covered.
• Advising the CEO/COO regarding financial implications of all major contracts, including partnership agreements, and reconciling outcomes thereof.
Financial Reporting
• Ensuring that company financial records are properly kept and that relevant reports of the financial affairs of the charity are prepared on an agreed basis, for distribution as required.
• Preparation of management accounts and related information on a monthly cycle and in the agreed format, to include monthly report and forecasts.
• Working with the Finance Director, CEO and COO to ensure effective financial planning, including preparation of an annual financial budget and cash flow.
• Preparing relevant paperwork to inform the decision-making processes of the Finance and Business Development Committee and Board of Directors, as required.
• Work with the SMT and IT suppliers to develop analytics, insights and regular reporting for improved visibility and to support decision making across the organisation.
Banking and Investment Management
• Day to day management of operational relationships with bankers and Investment Managers, in conjunction with the Finance Director and CEO.
Leadership and Management
• In conjunction with the CEO / COO, recruit, develop and manage the finance team, including allocating roles and responsibilities, setting annual objectives and targets, and individual performance management, including monthly reviews.
• Ensuring an appropriate training and development programme is in place for the finance team, including personal goals.
• Investigating and promoting ways of improving efficiency of the office, including use of technology where appropriate.
• Member of the SMT, contributing in full to the daily operation of the organisation and contributing to any other tasks as requested by the Board, CEO or COO.
The ideal candidate will be working towards formal qualification if not already qualified (AAT / ACCA / ACA / CIMA) and ideally have at least 5 years experience gained working across Financial & Management Accounting ideally with previous exposure to staff leadership and management however this is not essential.