Head of Finance and Performance

Job purpose

The Head of Finance and Performance has overall responsibility for providing expert financial advice to the Chief Executive, the Board and other managers in their financial planning, management, and performance review. This includes ensuring that City Gateway complies with the rules and regulations as set out in the company’s Constitution and Articles and Memorandum of Association and the requirements of the Companies Acts.

The overall targets are to:

  • Aspire to increase our direct ESFA contract from £410k to £580k.
  • Aspire towards growing apprenticeship delivery supported by our Traineeship Programme from £57k to £255k, including the introduction of Childcare and IT.
  • Deliver in full ESF profile for:
    1. Outreach NEET
    2. Coaching for Potential
    And to explore any further ESF/partnership working which may develop during the delivery.
  • Develop a financial delivery model to support High Needs learners on to our programmes which results in an automatic High Needs allocation in our ESFA contract.
  • Support with exploring new areas of delivery e.g. refugees.
  • Continue to explore opportunities to grow new business of sustainable, long term non-core business through partnerships with consortiums, schools and local authorities responding to developing opportunities.
  • Aim to produce a small (but growing) surplus over three financial years except where the Board agrees to an investment programme where reserves are used for the long-term development of the organisation.

Duties and responsibilities

Organisation position

The Head of Finance and Performance is a member of the company’s Senior Leadership Team.

Responsibilities

  • To be responsible for the effective day-to-day running of the company’s finance function and ensure that there are adequate internal financial controls.
  • To prepare the company’s annual budget (and quarterly forecasts) and other income profiles; supervision of the production of monthly management accounts including variance analysis to budget/forecast; interpreting the management accounts and financial performance, identifying issues and opportunities, and preparing reports for the Finance Committee, Chief Executive and the Board. (Also ensuring Budget holders are kept up to date on their expenditure records to manage).
  • Preparation of Annual Accounts for external audit and full responsibility for year-end audit process and signing of Year End accounts by the Board.
  • To plan and manage the company’s short, medium and long term financial plans to ensure continued solvency and liquidity including preparation of monthly cash flow forecasts.
  • To have overall responsibility for ensuring the integrity of the financial systems and developing appropriate accounting policies and the preparation of annual accounts.
  • To ensure that the company plans investment as appropriate, undertakes bank reconciliations and has a secure petty cash system.
  • To support the fundraising team with the bids and reporting.
  • Overall responsibility for producing monthly Management Accounts, KPI and Impact Reports feeding into the organisation targets on Quality & Impact, Fundraising and Marketing & Outreach.
  • To maintain overall control of the Nominal, Sales and Purchase Ledgers and full Balance Sheet Reconciliations including Bursary Funds and learner promotion offers.
  • Preparation and reconciliation of VAT returns.
  • Processing of staff salaries, including full accountability to agency for Inland Revenue for monthly/yearly returns and all other Statutory bodies.
  • To maintain staff personnel records.
  • To manage staff and resources effectively and maintain records on staff absences.
  • Overall responsibility for the company’s management information system (PICS). Continuously investigating the system to improve the organisation weaknesses and opportunities.
  • Overall responsibility for the completion and submission of ESFA claims in line with ESFA published timetable including monthly reconciliation of PICS and in training lists.
  • Responsible for the organisation’s full insurance and contracts with suppliers, including renewals and tenders.
  • Contribute to the renewal and negotiations of all premises lease.
  • To ensure that the company’s position and knowledge surrounding all contracts and programmes is up to date and funding maximized.
  • Contribution to the preparation of all other corporate funding requirements as laid out in their SLA/Heads of Agreements/Contract.
  • To manage the Finance team including ensuring One to One’s and appraisals are performed.
  • Overall responsibility for the examination and certification.
  • As a member of the Senior Leadership Team, make an input into corporate and business planning at both the strategic and tactical levels; attend Finance Committee and Board meetings and present reports.

Please email your CV and covering letter to hr.recruitment@citygateway.org.uk

Closing date: Thursday 30th June 2022.

Interview date: w/c Monday 4th July 2022.