Deputy Head of Finance
- From £40,000
- Wolverhampton, England, United Kingdom
- Permanent, Full time
- LGPS Central Ltd
- 15 Feb 18 2018-02-15
Role Purpose LGPS Central Limited has been established to consolidate and manage the pension fund assets of nine Midlands-based public funds. This is an exciting initiative as it involves the use of innovative fund structures, a full range of asset classes from passive and active equity to property and infrastructure and is transformative in its mission to reduce the cost of investment for its clients. Assets will commence transitioning in April 2018 and when complete, LGPS Central will be managing £40bn.
As a key member of the Finance team, the Deputy Head of Finance will be responsible for supporting the Head of Finance in ensuring the effective and efficient delivery of the company’s financial operations. The role will be responsible for financial reporting and management accounting, budgeting, regulatory reporting, cost-sharing reporting to partner funds and operational finance.
The position reports to the Head of Finance.
• To play a key role in preparing LGPS Central’s annual report and accounts.
• To contribute towards the completion of periodic returns required by the regulator.
• To assist in preparing and monitoring the operating budget and cash flow forecasts.
• To calculate charging bases and levels and generate income accordingly.
• To support the Head of Finance in monitoring and report on regulatory capital requirements.
• To provide information and advice to the Head of Finance and other managers on financial matters, including projects and business cases.
• To assist in the development of a range of policies for approval by the Board, and monitor and ensure compliance with these:
- Financial Policies and Procedures
- Treasury Management Policy
- Accounting Policies
• To assist in the procurement and management of a range of services provided by external suppliers:
- External Auditor
- Internal Auditor
- Finance System Provider
- Payroll Provider
- Tax Advisor
- Procurement Advisor
• To assist in the liaison with external and internal audit, including working with auditors to develop audit plans and monitoring performance against these.
• To manage the day-to-day delivery of efficient and effective operational financial services (supplier payments, debtor management and banking).
• To carry out daily treasury management activities, including effective consideration and management of the risks inherent in treasury management.
• To operate the company’s computerised accounting system, including the operation of effective controls and reconciliations, training and supervising the work of junior staff in using the system.
• To assist the Head of Finance in identifying financial risks and take steps to manage and mitigate these, reporting as appropriate.
• To support the Head of Finance in working with partner funds to develop effective financial reporting for clients.
• To make a significant contribution to the work of the Finance team and the wider company.
• To assist the Head of Finance in ensuring that the skills and knowledge of the Finance team are developed to a high level, and to be an advocate of continuous professional development.
• To promote the work of the Finance team within the company, including the delivery of financial training and financial advice and support to managers.
• To actively identify opportunities for continuous improvement within the Finance team and implement them swiftly and effectively.
• To participate in cross-organisational groups, and build effective working relationships with peers in other organisations.
• To support the Head of Finance in the management of the Finance team, including line management responsibility for a small team, and to deputise for the Head of Finance as required.
Skills & Abilities
• Able to communicate complex and highly-technical matters in a way which is understandable and relevant.
• Strong reasoning and problem-solving skills, able to develop pragmatic solutions to complex problems.
• Good report-writing and verbal communication skills.
• Active participant in continuous professional development, with an up-to-date knowledge of relevant accounting, finance, investments and pensions matters.
• Able to motivate and inspire junior members of the Finance team to develop themselves and perform to a high level.
• Able to build effective relationships at all levels of the company.
• Highly organised and able to work to deadlines and manage competing priorities under significant time pressures.
• Good interpersonal, communication and people management skills.
Personal Attributes and other Requirements
• Experience of working at a senior level in a Finance role, including line management responsibilities.
• High degree of professional ethics, integrity and gravitas, and an analytical thinker with high standards of professional judgement and objectivity.
• Able to provide effective team leadership in conjunction with the Head of Finance and to promote the role of the Finance team within the company.
• Able to understand the overarching aims and objectives of the company, and how the work of the Finance team contributes to these.
• Innovative and actively challenges existing ways of working, driving improvements within the Finance team, promoting a culture of continuous improvement.
• Qualified CCAB/CIMA Accountant; or
• Part-qualified CCAB/CIMA Accountant with strong relevant experience.
~~If you are interested in applying for this position, please send your CV with a covering letter, demonstrating why you have the skills to perform this role, to firstname.lastname@example.org
If you would like to find out more about the role, please contact David Kane, Head of Finance at email@example.com.
Closing date: 23rd February 2018
Interviews scheduled to take place: w/c 5th March 2018