KFC Youth Foundation Finance Manager

at  KFC UK I Corporate Affairs and Sustainability

INTRODUCTION

The KFC Youth Foundation is the corporate foundation that was setup in 2015 and is financially supported by KFC UK&I. The KFC Youth Foundation is a charity.
But we aren’t ones to rest on our laurels and over the last 18 months we have been developing a strategy to transform ourselves into a service delivery organisation. It is our ambition to create KFC Youth Foundation Hubs; amazing spaces with awesome youth workers that allow young people who most need it, to feel safe and secure.
As Finance Manager you will have responsibility for overseeing the Foundation’s finances, the Finance Manager will be a key role in providing support and analysis to help decision- making for the Trustees and Foundation Manager. We have spent the last two year moving towards becoming a service delivery organisation and an employer in our own right and as we look towards growing the Foundation we are looking for someone who can help us to identify, develop and implement various processes and systems that don’t currently exist from a Finance perspective.
This is a hands-on role with a mix of strategic and operational tasks and is essential to the success of our strategy, maintaining best practice financial controls and budgetary oversight, and meeting statutory obligations.
The role will suit someone who is looking to join a small, dynamic and growing organisation to integrate finance within the organisation through building relationships with the wider team.

WHAT WE NEED FROM YOU?

Essential

• A personal commitment to the KFC Youth Foundation’s mission to help young people achieve their potential and our ambition to become a delivery organisation
• Evidence of CPD in Finance
• Proven track record in finance: a minimum of 5-7 years of experience in a financial role, preferably within the charity sector
• Strong financial management skills, including budgeting, financial reporting, modelling and analysis
• Confident decision maker who is comfortable with change and works well under pressure, able to prioritise workload in a busy and fast-changing working environment
• Strong written and oral communication skills and the ability to effectively interface with senior management, staff and external stakeholders
• Ability to develop and lead a high performing team
• Experience and confidence using accounting software such as Xero
• An enhanced DBS check

Desirable

• Recognised Finance qualification (e.g. ACCA, CIMA, CIPFA, ACA)
• Business or Accounting degree
• Experience of working within the charity sector.
• Working knowledge of charity SORP
• Experience of working in and responding to a regulatory environment with the ability to oversee the Foundation’s obligations develop best practice policies and procedures
• Track record of successfully supporting organisational change and development within a growing organisation

SKILLS AND COMPETENCIES

• Personal effectiveness: self-motivated with a strong sense of purpose and drive for achievement.
• Emotional Intelligence: able to work with clarity, openness and emotional intelligence, with the highest levels of personal integrity and honesty.
• Communication: articulates ideas and expectations clearly, and proactively fostering a shared understanding among team members and stakeholders. Listens attentively to others, valuing diverse perspectives, and fosters a culture of open communication.
• Collaboration: Able to forge and nurture partnerships and collaborative relationships with a range of organisations and stakeholders.
• Problem Solving and Decision Making: Applies critical thinking and analytical skills to identify and solve complex problems, driving innovation and continuous improvement. Makes well-informed decisions aligned with the organisation’s long-term goals and objectives.
• Strategic management: Able to prepare a strategic vision and be skilled in implementation including getting buy in from key stakeholders. Utilises data and metrics to inform and justify strategic choices.
• Change management: Ability to lead and implement change initiatives within complex organisational settings. Demonstrates the ability to inspire and guide teams through change whilst remaining flexible and agile to allow for the dynamic nature of change.
• Entrepreneurial: Ability to be creative, bring fresh thinking and fostering a culture of ambition and innovation.

OVERALL JOB PURPOSE

• Development of the finance team’s strategy and identifying initiatives to deliver on this strategy
• Identifying business improvement opportunities directly, or through others, to improve financial management and reporting
• Assisting the Foundation Manager and Trustees in establishing the policies, systems and procedures which will ensure the Foundation’s resources are used effectively
• Advising on compliance with legislation and guidance, for example, HMRC, Charity Commission
• Organising and managing the Foundation’s finances,
• Administering pensions and payroll related functions
• Supporting and encouraging the Foundation’s ethos and its objectives, policies and procedures

ROLE RESPONSIBILITIES

Strategic

• Prepare, monitor and report on the annual budget and accounts in support of the strategy of the Foundation in liaison with the Foundation Manager, Finance Committee and Trustees.
• Developing finance transformation initiatives – as an enabler to progress the growth and future of the Foundation
• Advise on and model the financial effect of changes to the Foundation strategy and advise on the financial implications of any change or initiative
• Manage, maintain and develop financial systems and controls, increasing their impact and quality and implementing best practices in financial management.

Business Partnership

• Attend and prepare required reports, as directed by the Foundation Manager and Finance Committee
• Lead the Foundation Finance Sub-Committee including preparation of agenda and minutes
• Collaborating with the Income Generator as a strategic partner for financial modelling of bids and proposal in line with the Foundation’s financial strategy
• Provide timely and accurate reports and advice to budget holders

Reporting

• Manage the annual audit process including auditor visits
• Ensure the Foundation meets all statutory requirements set out by the Charity Commission
• Manage all aspects of the financial cycle, including budgeting, forecasting, fixed asset management, reserves management and financial reporting.

Financial Operations Management

• Be responsible for cash flow projections and all elements of cash handling
• Manage the invoicing of Franchisees and credit control of those invoices
• Arrange payment of invoices and grants
• Manage and regularly maintain the Foundation’s asset register
• Maintain and oversee all bank accounts, completing monthly reconciliations
• Manage the staff payroll and pension process, monthly HMRC reporting and payments, including monitoring of VAT, tax (that may become applicable to the Foundation), and gift aid, and prepare required returns.
• Maintain all Foundation insurances in all forms including assessments, claims and administration