Senior Financial Accountant

Posted 12 days agoExpires in 4 days
Hybrid: mixture of London and home working.
Employee
£60,000 per year

Our aim is for everyone in the National Church Institutions (NCIs) to feel that they belong, and are valued for who they are and what they contribute. Together, our people contribute in different ways towards our common purpose, whichever NCI they work in and whatever their background.

The National Church Institutions (NCIs) are national administrative bodies that work together to support the mission and ministry of the Church of England. Their activities are hugely varied, ranging from management of a multi-billion-pound investment fund, to a grant-giving charity, a housing service for retired clergy and the administration of four multi-employer pension schemes.

The Finance department is a shared services function working across the NCIs to provide a comprehensive, cost-effective finance service to the NCIs, and helping to co-ordinate joint projects where appropriate. The Finance team is undergoing significant change, in-step with the changing needs and ambitions of our NCI clients.

As Senior Financial Accountant, you will be part of the Financial Accounting and Control team within the Finance department and will act as the dedicated Financial Accountant, preparing statutory financial reporting and managing the year-end process, for your ‘lead clients’, Whilst you will have autonomy and be expected to be able to work independently, you will also work collaboratively with the rest of the Financial Accounting and Control team to develop a high-quality finance service to the NCIs, including best practice external reporting and a robust financial control environment.

You will be a dynamic, self-motivated, CCAB qualified finance professional with excellent interpersonal skills and technical accounting knowledge. You will be able to develop effective relationships with internal and external stakeholders and promote collaborative working within the team to ensure high standards of service for our customers.

You will act as a mentor to more junior members of the team, using your skills and experience to support the Financial Accounting Officers to develop core accounting skills to manage effective balance sheet control and period-end processes and to prepare and submit compliance reporting using accurate and appropriate financial information.

An effective communicator, you will be able to explain financial issues to non-finance staff and to help people to use financial information well. You will deliver relevant training and support across departments to help improve financial literacy and ensure compliance with relevant financial control procedures.

You will be someone who is always looking to improve processes and work smarter, collaborating with your finance colleagues to drive best practice in everything we do. You will be a confident Excel user, able to use Excel to design and build financial statements and reports which can be quickly and easily produced.

First stage interviews will be held in the afternoon of the 12th, 13th and 15th December 2022.

For an informal conversation please contact jigna.shah@churchofengland.org

We are taking a flexible approach to work, with many colleagues opting for a hybrid approach to their working week, with a mixture of home and office-based working. Further details will be discussed at interview.

The Church of England is for everyone, and we want to reflect the diversity of the community the Church serves across the whole country. This is a priority for the Archbishops. Therefore, while of course we welcome all applications from interested and suitably experienced people, we particularly welcome applicants from UK Minority Ethnic backgrounds and people with disabilities.

We offer a unique environment with opportunities for continuous learning, generous annual leave for work life balance, season ticket loans and a range of benefits including discounted entry to attractions and what we feel is a market leading package when it comes to our pension scheme.

Main Duties and Responsibilities

Financial Accounting

Responsible for preparing the group and subsidiary financial, including:

  • Setting, agreeing and managing the year end timetable and communication with internal and external stakeholders.
  • Updating the accounts template annually, including review accounting policies and ensuring compliance with relevant reporting legislation, regulatory requirements and best practice within the charity sector (including but not limited to UK GAAP and Charity SORP).
  • Reviewing the year-end trial balance and analysing key variances with previous years to identify potential omissions or misstatements.
  • Managing the external audit process, including being the primary point of contact with the auditors in planning and delivering the audit, liaising with other members of staff in Finance and other departments to deliver the auditors’ requirements, preparing schedules to support each note to the financial statements and providing explanations when requested.
  • Preparing the Board and Committee reporting to support the presentation of the Accounts and presenting draft accounts for review and sign-off on behalf of the trustees as necessary.
  • Working with Communication Department and design company to prepare financial statements in format to be signed and published.
  • Ensuring accounts are signed off and submitted to Companies House or Charity Commission on time.

Internal controls and compliance

Responsible for ensuring all income and expenditure (including capital expenditure) is correctly accounted for within a robust control environment, including:

  • Managing the delivery of a smooth, well-controlled and timely month-end and year-end close, supporting with the Financial Accounting Officers to develop and improve this in line with best-practice.
  • Working with the Financial Accounting Officers and Financial Processing team to maintain a strong financial control environment ensuring that monthly reconciliations, checks and reviews are done and compliance with the journals policy.
  • Managing the Chart of Accounts structure to ensure consistency of approach across the NCIs, ensuring any changes are appropriate before actioning them.
  • Working with the Finance team to improve processes and systems and promote efficient working practices with an appropriate control framework.
  • Supporting the Financial Accounting Officers to prepare and submit compliance reporting using accurate and appropriate financial information (e.g. Office of National Statistics returns, Charity Commission Annual Returns).

Technical advice and support

Responsible for providing support and guidance on financial accounting practices, issues and problems, including:

  • Working with the Finance Business Partnering team to advise departments on appropriate accounting treatments for new and continuing activities.
  • Ensuring legacies are accurately recorded and recognised, including overseeing the liaison with executors as necessary.
  • Keeping up to date with best practice and developments in financial reporting and the charity sector and proactively managing personal and continuing professional development.
  • Providing financial training and support to non-finance colleagues as required, promoting financial literacy across the NCIs.

Cashflow forecasting

Ensuring effective cash management for the NCIs, including the development of regular cash flow reporting as required by each entity, including:

  • Overseeing the production of daily, weekly, monthly and annual cashflow forecasting and monitoring spreadsheets and active management of cash balances to maintain the liquidity of all the NCIs while optimising the funds available for investment.
  • Managing short-term investments and cash deposits, including identifying opportunities, producing relevant analysis and reporting, and ensuring compliance with treasury policies.
  • Arranging Pensions Board funding drawdowns from the Revolving Credit Facility, monitoring borrowing levels and managing requirements for the CHARM bonds.

Other

  • Acting as a mentor to the Financial Accounting Officers, helping them to identify opportunities to grow their skills, and supporting them through advice and training.
  • Collaborating with other members of the Financial Accounting and Control team to ensure the delivery of all statutory reporting and year end processes across the NCIs, providing support for other areas as necessary.
  • Providing support for projects within the Finance team (which could include for example, process improvement projects, system projects, implementation of new processes and solutions etc).
  • Developing excellent working relationships and clear communication with the Finance Business Partners, to ensure a consistent understanding of activities across the NCIs, and that this is reflected accurately in both statutory and management reporting.
  • Undertaking other ad hoc tasks as required to ensure the Finance team delivers to its customers.

Essential

Skills/Aptitude:

  • Excellent IT skills, including advanced Excel and strong finance system skills, with a good understanding of data structures and chart of accounts optimisation.
  • Ability to manipulate data, analyse information, identify anomalies and extract pertinent information.
  • Excellent attention to detail.
  • Well organised with an ability to work calmly and effectively under pressure.
  • Good communication and interpersonal skills both written and oral, able to communicate effectively with finance professionals, senior management and trustees, and non-accountants to achieve cooperation and results.
  • Proactive, self-motivated and enthusiastic.

Knowledge/Experience:

  • Good technical financial accounting skills and thorough understanding of relevant accounting standards, including FRS 102 and Charities SORP.
  • Experience gained from working as a financial accountant or external auditor covering all aspects statutory reporting for a large organisation.

Education:

  • CCAB or equivalent professional accounting body qualification.

Circumstances:

  • Willingness to work in excess of contracted hours to ensure completion of deadlines when required.

Desirable

  • SAP experience.
  • Experience of working for a charity.

In the National Church Institutions (NCIs), we support the mission and ministries of the Church of England. We work with parishes, dioceses, schools, chaplaincies and other ministries, and with national and international partners including mission agencies, and other denominations and faith groups.-.

Find out more about working for the National Church Institutions at Careers | The Church of England

Our emerging values

  • We strive for excellence
  • We collaborate
  • We act with integrity
  • We show compassion
  • We respect others

We welcome everyone and we accept and value people for who they are and what they contribute, treating others in the way we would wish to be treated ourselves. We actively listen to and include others, encouraging and enabling everyone’s voice to be heard in discussions and decisions. When we disagree, we aim to disagree well with respect and kindness.

We want to encourage applications from a diverse group of people. Even if you have never thought about working for us before, if you have the skills and experience we’re looking for then we would like to hear from you. If there is anything we can do to support you in your application please get in touch via email to hr.recruitment@churchofengland.org.

  • As a Disability Confident Leader, we actively look to attract, recruit and retain those of you who are disabled.
  • We are a member of the Armed Forces Covenant, and welcome applications from those of you who have served in our Armed Forces and their families.