To lead all financial aspects of project finances, business partnering with budget holders including bid development, maximisation of budgets, internal and external financial reporting.
Must Haves
* Business partnering
* System improvement
* Data manipulation
* Microsoft Excel
Key Responsibilities
* Be the Commercial Finance Lead, driving business growth from a finance perspective.
* Support the Business Development and Fundraising teams in all financial aspects of bids and proposals including bid creation, considering the impact on other projects and areas of the business and support the submission process.
* Calculate and maximise margin and consider cashflow aspects and resulting potential financing needs for all submissions. Where the company needs to make a step change in its systems, staff or other infrastructure, costing this appropriately in consultation with stakeholders.
* Lead the update and ongoing development of our standard project costing model, supporting budget holders to use the model, and ensuring prompt sign off. Where opportunities require more complex modelling, to be responsible for bespoke commercial finance modelling to meet commissioning requirements.
* Produce return on investment calculations for fundraising campaigns and events – and track this post project.
* Ensure the company meets any due diligence financial requirements of commissioners or funders. Perform financial due diligence on new subcontractors as required.
* Produce monthly reports from our accounting system for each budget holder and project, understand variances against budget and support the budget holder in the financial management of the projects.
* Highlight where there is profitability or cashflow concerns, applying professional curiosity, to make recommendations to maximise income and ensure all expenditure is captured and accounted for.
* Work with budget holders to update their project forecast income and expenditure to reflect best estimates to the end of the project and consolidate in the organisational rolling forecast. Proactively work with the budget holder to maximise the available budget and funds.
* Support budget holders in understanding their budgets and to manage their income, expenditure and general financial management. Carry out training as appropriate.
* Ensure that the underlying transactions in the ledger are accurate and reflect the position of projects, journaling adjustments where necessary.
* Produce expenditure reporting for commissioners and donors within deadlines, ensuring that these are accurate and highlighting any causes for concern.
* Liaise with the Finance team and budget holders to ensure correct coding of income and expenditure. Develop and support systems to ensure coding is done right first time.
* Manage and develop a Finance Officer to be appointed as funding allows.
* Support the development of our accounting and reporting systems so that budget holders and the Executive Team have as up-to-date information as possible and can self-serve where useful.
* Horizon scanning of the wider environment for changes that would affect the financial performance of projects, for example changes in payroll tax or inflation. Scenario plan for different outcomes.
* Support the introduction of new financial processes and systems to improve the finance function’s performance.
* Deputise for the Director of Finance & IT as necessary.
* Be the executive Finance lead in the Business & Income Generation trustee subcommittee, including preparing papers and presenting to trustees.
Specifications
The knowledge, skills and abilities required for this post are set out below.
You will be required to set out how you will meet some of these requirements in your application, and others will be assessed during the remaining selection process (interview and other assessment methods) and/or during the probation period.
* Able to forge excellent professional relationships with colleagues and external stakeholders at all levels.
* Able to communicate complex financial information to non-finance staff at a strategic and management level.
* Work at a fast pace with a varied workload and work to tight deadlines.
* Able to maintain confidentiality.
* Good commercial sense and abreast of changes in the wider business and economic environment.
Experience and Education
* Experience in business partnering.
* Experience of improving systems and processes.
* Experience of extracting, manipulating and reporting data from accounting and other systems.
* Experience of working in the non-profit sector, or with funding from non-profit sources.
* Excellent knowledge of Microsoft Excel (Tables, SUMIFS, INDEX MATCH).
* Experience in government tendering processes or commercial finance.
* Experience in financial modelling and analysis.
* Experience of accounting system report creation and dashboards (Sage Intacct).
* Experience of working across a dispersed regional or national service delivery operation.
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