Interim Head of Financial Accounting
- Recruiter
- Hays Senior Finance
- Location
- England, Oxfordshire
- Salary
- £225.00 - £350.00 per day
- Posted
- 09 Feb 2021
- Closes
- 05 Mar 2021
- Ref
- 3930429
- Contact
- Andrew Wilson
- Job Title
- Financial Accountant
- Category
- Education / Training
- Contract Type
- Temporary
- Hours
- Full Time
A qualified accountant is needed for six months to cover year end / stat reporting, treasury and cashflow.
Your new company
My client is a leading Higher Education academic institution based in Oxford, and they are one of the UK's leading modern universities who enjoy an international reputation for teaching excellence and innovation.
Your new role
Principally, to ensure the integrity of systems of financial control and reporting; to manage and prepare the Statutory Accounts for the University and subsidiary companies; to manage treasury and cashflow; and to report to Committee and BoG in respect of capital spend cashflow, and quarterly updated balance sheet.
To ensure best practice and compliance with accounting standards, bank covenants and the HEFCE Memorandum of Assurance and Accountability, providing high quality professional advice to the University and its subsidiaries in these key accounting areas. Managing and maintaining the financial regulations of the University to ensure they are fit for purpose and reflect recent changes in legislation.
To produce University cash flow forecasts, highlighting potential issues and possible solutions in relation to bank covenants and investment of cash surpluses to the Deputy Director of Finance.
To ensure the bank reconciliation is carried out daily. To manage and maintain the Treasury Management Policy and to manage the University cash in line with the requirements of the Policy.
To report regularly to the Deputy Director of Finance on the;
(i) monitoring arrangements for the identification, management and control of treasury management risk,
(ii) reporting at least annually to the Finance and Resources Committee on the adequacy/suitability thereof and;
(iii) reporting, as a matter of urgency, the circumstances of any actual or likely difficulty in achieving the institution's objectives in this respect, all in accordance with the Treasury Management Procedures.
To provide quarterly reports for capital expenditure, reconcile actual spend with the balance sheet and update the cash flow. Ensure that all reconciliation procedures are completed to timetable.
To ensure the robustness of the financial control environment; including, month end procedures, accruals and updated balance sheet and cash flow.
To be responsible for the accuracy, timeliness and completion of month end and year end accounting processes in the Faculties, Directorates and Centre.
To give clear instructions to devolved and central finance teams, and monitor the robustness of the financial accounting, reporting quality and compliance issues to the Deputy Director of Finance.
To ensure proper and regular processes to recharge OBEL during the financial year.
To manage the Virtual Tax Manager. To ensure that the terms and conditions of the contract are met. To ensure the correct recording of VAT in the accounting system. To check the VAT quarterly return is submitted on a timely basis and to ensure the quality of the VAT virtual helpline, the manuals and the website information.
What you'll need to succeed
You will be a CCAB qualified accountant with significant post qualified experience and experience of implementing FRS102. Experience required for post:
- Significant experience in the preparation of Statutory Accounts for external audit at University entity, subsidiaries and associated companies levels and filing accounts with regularity bodies;
- Reporting on the Annual Accounts and analytical review of the Accounts to F&R, Audit Committee and BoG;
- Significant experience of managing cash flow forecasting, covenant compliance, reporting to banks and treasury management procedures and processes;
- Strategic Financial Reporting, revenue and capital;
- Experience of embedding and ensuring compliance with current accounting standards in University, day to day financial operations and of managing the internal financial regulations process;
- Developing and implementing significant change in financial systems and information to deliver measurable benefits to the organisation.
- Maintenance of financial systems and monthly financial reporting to tight deadlines.
What you'll get in return
A competitive salary / day rate commensurate with the level of this position.
Flexible working patterns.
What you need to do now
If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now.
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