Financial Controller (fixed-term contract)

at  Westminster School

Job Introduction
The Financial Controller will be responsible for leading the finance team and managing the day-to-day financial operations for the School and associated charities and companies. This includes month end and year end processes and management of the sales, purchase and general ledgers, bank accounts, expenses system and fixed asset register. They will also be responsible for maintaining a strong control environment, ensuring the accuracy of the Trial Balance and providing a responsive and customer facing transaction processing service.

Key responsibilities for this role will include:

• Owning the month end and year-end financial accounting processes to deliver accurate and timely trial balance to support the production of monthly Management Accounts.
• Support the year end process to deliver a clean audit and accurate and timely Annual Accounts.
• Responsible for the accuracy and timeliness of the Purchase requisition to Invoice Payment process, fee and extras billings including for fundraising and commercial activity, and collection of income.

They will be responsible for leadership and development of the team to effectively embed the recently implemented iFinance system. They will drive continuous improvement in financial processes, ways of working and engagement with all internal and external stakeholders and customers.
Main Responsibilities

GENERAL

In addition to the specific duties and responsibilities outlined in this job description, all Westminster employees should be aware of their specific responsibilities towards the following:

• Adhere to all Safeguarding, health and safety and fire regulations and to co-operate with the Charity in maintaining good standards of safeguarding and health and safety.
• Adherence to, understanding of and commitment to the Charity’s ethos, values, vision and expectations
• Uphold ethical and professional standards and not behave in a manner that is likely to bring the Charity into disrepute.
• Promote and sustain a responsible attitude towards equality, diversity and inclusion within the Charity.
• Demonstrate a commitment to ongoing registration requirements or any national professional or occupational standards associated with the role.
• Demonstrate a commitment to ongoing learning and development and to participate in any training relevant to the role.

ACCOUNTABLE FOR

• Leading the transactional accounting team to provide a responsive, efficient and customer facing transaction processing service. Develop and maintain relationships with internal and external stakeholders.
• Ensuring the accuracy of the Trial Balance through both ad hoc and regular forensic review of key figures and processes.
• Ensuring all balance sheet reconciliations and control accounts are completed and reconciled monthly in accordance with a month end close timetable.
• Ensuring bank accounts are reconciled monthly.
• Processing and post journals to ensure that income and expenditure is accurately and appropriately recorded.
• Working with the Payroll, Pensions and Benefits team to ensure that salaries journals are posted accurately each month.
• Owning the Chart of Accounts and ensure that it is fit for purpose.
• Ensuring compliance with Charity and other accounting regulations, including correct allocations between reserves and an accurate Fixed Asset Register.
• Supporting decision making on capital expenditure as required.
• Working with the Financial Planning & Analysis Manager to ensure that the budget is loaded into the iFinance system before the start of the financial year.
• Management of the accuracy and timeliness of the Purchase Requisition to Invoice Payment process.
• Management of the accuracy and timeliness of the billing process and collections. Including iSAMs ledger management (as well and iFinance).
• Responsibility for fixed asset and depreciation accounting (as well as the Fixed Asset Register).
• Managing and instigating the BACS receipts and payments processing on PTX.
• Managing and overseeing the staff expenses processing.
• Managing the credit card and debit card accounting and processes.
• Production and review of aged debtor and aged creditor reports on a monthly basis.
• Working with the Development team to ensure accurate and timely reporting and management of Gift Aid, and compliance with HMRC requirements.
• Owning the year end process to deliver a clean audit and accurate and timely Annual Accounts, including input on the final design and wording and provision of information for the Audit, Risk & Compliance Committee. Manage any audits required for any other regulatory reasons.
• Ensuring timely and accurate returns and compliance with all HMRC requirements, including VAT, Gift Aid and other taxation. Support the Head of Payroll, Pensions & Benefits as required to ensure HMRC compliance with all employment tax issues. Lead on providing other tax advice as required by the charity.
• Ensuring a professional and responsive relationship between the transactional accounting team and Internal and external Auditors and timely and accurate responses to Internal and External Audit information requests and recommendations. Ensure timely delivery of agreed internal and External Audit actions and process changes.
• Ensuring iFinance and other financial systems are able to deliver accurate numbers and strong controls through the work of the team.
• Working with the Finance Bursar to develop and maintain the department’s risk register, ensuring appropriate risk mitigations are in place and reviewed regularly.
• Working with the Finance Bursar to ensure business continuity plans are in place and reviewed regularly.
• Working with the Finance Bursar to develop, embed and maintain appropriate financial policies and procedures. Ensure regular review of key processes.
• Ensuring the School’s finance policies and procedures for recording financial transactions operate in accordance with statutory guidelines, Companies House and Charity Commission financial regulations and guidelines set out in the school’s policy and procedures.
• Consistently looking for improvements that can be made to financial systems and processes to ensure that the school benefits from the use of new technology, products and services.
• Adopting a coaching leadership style to lead the finance team to achievement of its objectives.
• Any other duties as required.

PLEASE NOTE, THIS IS A FULLY ONSITE ROLE.

Salary: c. £75,000 per annum (prorated to reflect the length of the contract).

Key responsibilities for this role will include:

• Owning the month end and year-end financial accounting processes to deliver accurate and timely trial balance to support the production of monthly Management Accounts.
• Support the year end process to deliver a clean audit and accurate and timely Annual Accounts.
• Responsible for the accuracy and timeliness of the Purchase requisition to Invoice Payment process, fee and extras billings including for fundraising and commercial activity, and collection of income

In addition to the specific duties and responsibilities outlined in this job description, all Westminster employees should be aware of their specific responsibilities towards the following:

• Adhere to all Safeguarding, health and safety and fire regulations and to co-operate with the Charity in maintaining good standards of safeguarding and health and safety.
• Adherence to, understanding of and commitment to the Charity’s ethos, values, vision and expectations
• Uphold ethical and professional standards and not behave in a manner that is likely to bring the Charity into disrepute.
• Promote and sustain a responsible attitude towards equality, diversity and inclusion within the Charity.
• Demonstrate a commitment to ongoing registration requirements or any national professional or occupational standards associated with the role.
• Demonstrate a commitment to ongoing learning and development and to participate in any training relevant to the role