Job summary
Waysto Wellness are looking to recruit an experienced Head of Finance, who willbecome an integral part of our leadership team, helping shape an ambitious,well-respected and growing organisation whose work provides evidence for newways of working to improve how healthcare services are delivered, and in doingso makes a vital difference in the lives of those in our communities mostimpacted by inequalities.
TO APPLY FOR THIS JOB YOU MUST SUBMIT YOUR CV AND A COMPLETED WAYS TO WELLNESS APPLICATION FORM, DIRECTLY TO INFO@WAYSTOWELLNESS.ORG.UK
Main duties of the job
Reportingdirectly to the Chief Executive, you'll build strong relationshipsthroughout the organisation and among our partners. You'll provide the Chief Executive and ourboard with financial insight, forecasting, financial modelling, and analysis thatsupports our decision-making around funding, programme and operationaldevelopment, and you'll work with colleagues to help them maintain theirbudgets, offering internal training where appropriate.
Managingour assets and identifying potential risks and opportunities for growth, youwill look after our payroll and other processes and provide accurate and timelyreports.
About us
Waysto Wellnesswas launched in 2015 to deliver a world-first social prescribing prototypeusing investment from an outcome-based Social Impact Bond (SIB). Our work hassince expanded and we now facilitate, pilot and prototype healthcareinterventions, using an iterative and collaborative test-and-learn approach thatprovides the evidence to tackle health inequalities and create systemic costsavings, while empowering individuals to take ownership of, and improve their shortand long-term health. Ways to Wellness (WtW) Foundation, which has anumber of collaborative projects with partners, is a charity and companylimited by guarantee that currently has one trading subsidiary, also a limitedcompany. More information can be found at: waystowellness.org.uk
Job description
Job responsibilities
TO APPLY FOR THIS JOB YOU MUST SUBMIT YOUR CV AND A COMPLETED WAYS TO WELLNESS APPLICATION FORM, DIRECTLY TO INFO@WAYSTOWELLNESS.ORG.UK.
The full Candidate Pack and Application form can be found on this advert, or downloaded from our website www.waystowellness.org.uk, or by emailing info@waystowellness.org.uk.
The Head of Finance will workclosely with our Chief Executive, ensuring first class financial management androbust financial controls, as well as playing a significant part in themanagement and strategic planning of the business. The Head of Finance will beresponsible for financial modelling, financial reporting, control andforecasting. The successful candidate will maintain good external relationshipswith partners, assist the Chief Executive with contract management matters, and presentfinancial information to the Ways to Wellness Board of Non-ExecutiveDirectors and Trustees. The postholder will be responsible for statutoryaccounts preparation, compliant with the Charities Act, Charities SORP andother applicable legislation.
Financial modelling and strategic support
Ensure a sound understanding ofthe Ways to Wellness operation, taking the lead on updating and adaptingthe financial model to support the CEO/board as they continue to shape theorganisation.
Completefinancial modelling and advanced financial analysis to support strategicdecision-making and the development of business cases.
Prepareand advise on appropriate levels of core costs recovery within projects.
Proactivelyappraise any opportunity to strengthen the financial viability of Ways toWellness.
Supportthe CEO in ensuring that any contract negotiations are underpinned by soundfinancial thinking.
Project costingand contracting
Providefinancial advice and assistance in early draft contracts and service levelagreements, to include costings, payment mechanisms, VAT position, financialrisk, insurance cover and price review.
Liaisewith funders to secure timely payment of project funding.
Provideassistance and advice in determining the level of information provided toclients as part of the delivery of projects.
Financial Reporting, controls and forecasting
Proposeand seek board approval for the budget annually.
Producemonthly management accounts for projects. Clearly identify variance to plan,explaining any significant departures and remediation plans as indicated.
Provideregular forecasts for the current financial year and beyond, to ensure clarityof outlook given the latest assumptions and trends.
Verballyupdate the board quarterly on financial performance versus plan.
Provideregular reporting to funders (investors and commissioners) as required.
Ensurerobust financial controls are in place within the organisation.
Produceregular and robust cashflow forecasts.
Placesurplus cash on deposit to meet trustees requirements for risk/return.
Companysecretarial duties, ensuring all updates to Companies House, the CharitiesCommission and HMRC, and filing of returns are correct and carried out on time.
Consolidateacquisitions into Ways to Wellness Foundation accounts.
Accounting and processing
Preparemonthly payroll and arrange accurate/timely payment of staff, pensions andtaxes.
Processsupplier invoices onto the accounting system purchase ledger.
Calculatenecessary accruals and post journals to create period accounts.
Ensuremonthly bank reconciliation and submit quarterly VAT return for group.
Charity taxation, includingVAT, maximising income through Gift Aid and charitable trading.
Manage accounting, monitoringand reporting systems, ensuring all key data is correct and accurate. Liaisewith service providers to ensure accuracy of data and subsequent billing.
Ensure the charity is coveredby appropriate insurance level, scope and exposure of insurance coverincluding special projects with partners (including third party liabilities)
Maintaingood external relationships with key financial contacts, e.g. auditors,solicitors, bankers, funders, etc.
Ensurestatutory reporting requirements are met facilitate the audit process andproduction of annual accounts.
Keepabreast of changes in financial regulations and legislation including charitysector and public sector reporting.
Data analysis
Contributeto financial aspects of IT systems development.
Dataanalysis to inform payments and reporting.
Staffand office management
This position will be part ofthe Ways to Wellness Senior Management Team, so there is a requirementfor flexibility around sharing tasks and assisting other team members in theirduties and with general office management.
Other duties
Support and where necessarydeputise for the chief executive to ensure wider organisational requirementsare met, including supporting strategic analysis, planning and decision-making.
Assist the chief executive withcontract management and partnership working with service providers, funders andcommissioners.
Assist the chief executive and treasurerwith planning and preparation for board and committee meetings.
Provide support tosub-contracted service provider teams in areas of data analysis, training,learning and collaboration opportunities.
Provide any other support asdirected by the chief executive, treasurer and chair of the board, andundertake any other duties commensurate with the grade of the role.
Job description
Job responsibilities
TO APPLY FOR THIS JOB YOU MUST SUBMIT YOUR CV AND A COMPLETED WAYS TO WELLNESS APPLICATION FORM, DIRECTLY TO INFO@WAYSTOWELLNESS.ORG.UK.
The full Candidate Pack and Application form can be found on this advert, or downloaded from our website www.waystowellness.org.uk, or by emailing info@waystowellness.org.uk.
The Head of Finance will workclosely with our Chief Executive, ensuring first class financial management androbust financial controls, as well as playing a significant part in themanagement and strategic planning of the business. The Head of Finance will beresponsible for financial modelling, financial reporting, control andforecasting. The successful candidate will maintain good external relationshipswith partners, assist the Chief Executive with contract management matters, and presentfinancial information to the Ways to Wellness Board of Non-ExecutiveDirectors and Trustees. The postholder will be responsible for statutoryaccounts preparation, compliant with the Charities Act, Charities SORP andother applicable legislation.
Financial modelling and strategic support
Ensure a sound understanding ofthe Ways to Wellness operation, taking the lead on updating and adaptingthe financial model to support the CEO/board as they continue to shape theorganisation.
Completefinancial modelling and advanced financial analysis to support strategicdecision-making and the development of business cases.
Prepareand advise on appropriate levels of core costs recovery within projects.
Proactivelyappraise any opportunity to strengthen the financial viability of Ways toWellness.
Supportthe CEO in ensuring that any contract negotiations are underpinned by soundfinancial thinking.
Project costingand contracting
Providefinancial advice and assistance in early draft contracts and service levelagreements, to include costings, payment mechanisms, VAT position, financialrisk, insurance cover and price review.
Liaisewith funders to secure timely payment of project funding.
Provideassistance and advice in determining the level of information provided toclients as part of the delivery of projects.
Financial Reporting, controls and forecasting
Proposeand seek board approval for the budget annually.
Producemonthly management accounts for projects. Clearly identify variance to plan,explaining any significant departures and remediation plans as indicated.
Provideregular forecasts for the current financial year and beyond, to ensure clarityof outlook given the latest assumptions and trends.
Verballyupdate the board quarterly on financial performance versus plan.
Provideregular reporting to funders (investors and commissioners) as required.
Ensurerobust financial controls are in place within the organisation.
Produceregular and robust cashflow forecasts.
Placesurplus cash on deposit to meet trustees requirements for risk/return.
Companysecretarial duties, ensuring all updates to Companies House, the CharitiesCommission and HMRC, and filing of returns are correct and carried out on time.
Consolidateacquisitions into Ways to Wellness Foundation accounts.
Accounting and processing
Preparemonthly payroll and arrange accurate/timely payment of staff, pensions andtaxes.
Processsupplier invoices onto the accounting system purchase ledger.
Calculatenecessary accruals and post journals to create period accounts.
Ensuremonthly bank reconciliation and submit quarterly VAT return for group.
Charity taxation, includingVAT, maximising income through Gift Aid and charitable trading.
Manage accounting, monitoringand reporting systems, ensuring all key data is correct and accurate. Liaisewith service providers to ensure accuracy of data and subsequent billing.
Ensure the charity is coveredby appropriate insurance level, scope and exposure of insurance coverincluding special projects with partners (including third party liabilities)
Maintaingood external relationships with key financial contacts, e.g. auditors,solicitors, bankers, funders, etc.
Ensurestatutory reporting requirements are met facilitate the audit process andproduction of annual accounts.
Keepabreast of changes in financial regulations and legislation including charitysector and public sector reporting.
Data analysis
Contributeto financial aspects of IT systems development.
Dataanalysis to inform payments and reporting.
Staffand office management
This position will be part ofthe Ways to Wellness Senior Management Team, so there is a requirementfor flexibility around sharing tasks and assisting other team members in theirduties and with general office management.
Other duties
Support and where necessarydeputise for the chief executive to ensure wider organisational requirementsare met, including supporting strategic analysis, planning and decision-making.
Assist the chief executive withcontract management and partnership working with service providers, funders andcommissioners.
Assist the chief executive and treasurerwith planning and preparation for board and committee meetings.
Provide support tosub-contracted service provider teams in areas of data analysis, training,learning and collaboration opportunities.
Provide any other support asdirected by the chief executive, treasurer and chair of the board, andundertake any other duties commensurate with the grade of the role.
Person Specification
Experience
Essential
* Change management: Experience in leading and managing change within an organisation, including the implementation of new procedures and systems.
Key skills & personal qualities
Essential
* Financial acumen: Deep understanding of financial principles, accounting practices, and relevant regulations.
* Analytical skills: Ability to analyse financial data, identify trends, and provide insight to support decision-making.
* Communication skills: Excellent written and verbal communication skills, with the ability to convey complex financial information clearly and concisely to diverse audiences.
* Influencing skills: Ability to influence stakeholders, and to effectively communicate financial perspectives in strategic discussions.
* Problem-solving: Strong problem-solving skills to address complex financial challenges and identify solutions.
* Technical skills: Proficiency in financial software and systems, including accounting packages and Microsoft Office suite. Experience using Xero or Sage would be an advantage.
* Commercial awareness: Understanding of the broader business context and the ability to align financial strategies with overall business objectives.
* Risk management: Ability to identify and manage financial risks, and to implement appropriate controls.
* Stakeholder management: Ability to build and maintain strong relationships with internal and external stakeholders.
* Leadership: A strong leader who can motivate and inspire others.
* Integrity and professionalism: Demonstrates high ethical standards and maintains confidentiality.
* Resilience: Able to work effectively under pressure and manage competing priorities.
* Adaptability: Flexible and able to adapt to changing business needs and priorities.
* Commitment to diversity and inclusion: Promotes a diverse and inclusive work environment.
* Proactive and results-oriented: Takes initiative and is focused on achieving positive financial outcomes.
Qualifications
Essential
* Qualified accountant: Professional accounting qualification (e.g., ACA, ACCA, CIMA).
* Senior financial experience: Demonstrable experience in a senior financial management role, ideally within a charitable or public sector organisation.
* Strategic financial management: Experience in developing and implementing financial strategies, managing budgets, and overseeing financial reporting.
* Leadership and management: Proven ability to lead and manage a team, foster a positive and inclusive work environment, and inspire others.
Person Specification
Experience
Essential
* Change management: Experience in leading and managing change within an organisation, including the implementation of new procedures and systems.
Key skills & personal qualities
Essential
* Financial acumen: Deep understanding of financial principles, accounting practices, and relevant regulations.
* Analytical skills: Ability to analyse financial data, identify trends, and provide insight to support decision-making.
* Communication skills: Excellent written and verbal communication skills, with the ability to convey complex financial information clearly and concisely to diverse audiences.
* Influencing skills: Ability to influence stakeholders, and to effectively communicate financial perspectives in strategic discussions.
* Problem-solving: Strong problem-solving skills to address complex financial challenges and identify solutions.
* Technical skills: Proficiency in financial software and systems, including accounting packages and Microsoft Office suite. Experience using Xero or Sage would be an advantage.
* Commercial awareness: Understanding of the broader business context and the ability to align financial strategies with overall business objectives.
* Risk management: Ability to identify and manage financial risks, and to implement appropriate controls.
* Stakeholder management: Ability to build and maintain strong relationships with internal and external stakeholders.
* Leadership: A strong leader who can motivate and inspire others.
* Integrity and professionalism: Demonstrates high ethical standards and maintains confidentiality.
* Resilience: Able to work effectively under pressure and manage competing priorities.
* Adaptability: Flexible and able to adapt to changing business needs and priorities.
* Commitment to diversity and inclusion: Promotes a diverse and inclusive work environment.
* Proactive and results-oriented: Takes initiative and is focused on achieving positive financial outcomes.
Qualifications
Essential
* Qualified accountant: Professional accounting qualification (e.g., ACA, ACCA, CIMA).
* Senior financial experience: Demonstrable experience in a senior financial management role, ideally within a charitable or public sector organisation.
* Strategic financial management: Experience in developing and implementing financial strategies, managing budgets, and overseeing financial reporting.
* Leadership and management: Proven ability to lead and manage a team, foster a positive and inclusive work environment, and inspire others.
UK Registration
Applicants must have current UK professional registration. For further information please see
Additional information
UK Registration
Applicants must have current UK professional registration. For further information please see
Employer details
Employer name
Ways to Wellness
Address
Ways To Wellness
Skinnerburn Road
Newcastle Upon Tyne
NE1 3RH
Employer's website #J-18808-Ljbffr