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Head of Finance

Head of Finance

  • Location

    London, England

  • Sector:

    Senior Finance

  • Job type:

    Contract

  • Salary:

    £300.00 - £350.00 per day

  • Contact:

    Estha Heiden

  • Contact email:

    esthah@cedarrecruitment.com

  • Job ref:

    JO0000006305_1547561815

  • Published:

    8 months ago

  • Duration:

    6 Months

  • Expiry date:

    2019-02-14

  • Startdate:

    21/01/2019

  • Consultant:

    #

Introduction
My client is a G320 Social Housing organisation based in Central London.

Taking the lead from the Chief Executive with the full backing of the Board, they are looking to review and modernise the finance function, to support a programme of service reviews across its operations.

This has created the need for an Interim Finance Professional who will work in collaboration with the Chief Executive, the Operations Director and the consultant currently acting as Head of Finance and Audit. The role is a broad one, from higher level systems reviews to very hand-on tasks.

JOB SPECIFICATION
The key objectives are to:
§Lead the modernisation of the finance function, ensuring it is fit for the future
§Provide effective leadership, actively promoting the delivery of the highest quality, customer-focused service.
§Provide sound financial and internal controls, to enable the delivery of the association's business objectives.
§Ensure that the Association is in compliance with all relevant regulatory, fiscal and administrative requirements.
§Provide effective Business Systems/IT service provision within the association.

PERSON SPECIFICATION
The ideal candidate will be a fully Qualified Accountant with Social Housing Sector experience.

You will have a track record in developing and reviewing management policies and procedures. Working within a small organisation, the role will be very 'hands on' yet wide-ranging, with the opportunity to influence and improve key processes and the overall finance function.

MAIN DUTIES AND RESPONSIBILITIES

A.Leadership and Management
Act as a member of the Senior Management Team (SMT), to participate in strategic and corporate management
Manage and direct the existing staff team, ensuring that they operate efficiently
Undertake a review of the long-term needs of the finance function, making recommendations to the CEO and Board

B.Financial Management and Financial Control
Establish and maintain effective and efficient systems of accounting, financial and other management controls. Ensure in particular that the Association's systems are open and transparent and minimise the risk of fraud.
Ensure that the accounting and financial systems provide for full accountability including;
§To Board members, to enable them to fulfil their role as Board members.
§To lenders, to demonstrate that loan covenants and any other requirements are being met.
§To tenants and residents, by taking a lead role in ensuring that value for money is obtained for rents and service charges.

Establish and manage a system of delegated financial authority.
Review the existing system for risk management ensuring effective internal controls.

C.Financial Policy and Development
Act as key operational financial adviser to the Board of Management and Executive Team.
Report to and attend Board and Committee meetings.
Lead the modernisation of the Finance function, working closely with the Operations Director to support a programme of operational service reviews, streamlining systems and processes
Contribute towards value-for-money assessments of activities, with the aim of making the organisation effective and efficient
Introduce new systems and processes for example service charges, automation of invoicing and improving interfaces between housing management and accounting systems.

D.Management Information and Financial Performance
Review financial management information in order to meet the reporting requirements of lenders and other stakeholders.
Contribute to developing a robust new KPI framework
Ensure that submissions required by lenders and others are made on time and are complete and accurate.
Develop ways of communicating financial information internally to improve accountability and transparency

E.Treasury Management
Manage loan portfolio and borrowing strategy, ensuring effective cash management, anticipating funding and refinancing needs (and opportunities) and ensuring full compliance with loan covenants.
Maintain effective relations with lenders, providing monitoring reports as required

F.IT
To oversee the IT function, including production of an annual and budget for Executive approval.
Review and optimisation of current business processes in support of performance objectives.
To monitor provision and quality of IT standards, support, Business Continuity and IT Audit / Security requirements.