Finance Manager

Job Title:

Finance Manager

Starting Salary:

Hours per Week:

£32,000 - £35,000 DOE

37 hours per week (Part time optional at prorated salary)

Location:

Work from home/4 Working Street Office (and at our other offices and information points as required)

Job Purpose

Strategic responsibility for the financial direction of the organisation, ensuring legal and financial regulatory framework for credit union.

To be responsible for the day-to-day financial processing management of CVCU services, ensuring and implementing an effective, accurate, compliant and robust financial processing framework for the operations of the credit union. This includes:

* A commitment to improving the financial wellbeing of our members.

* Demonstrating the Credit Union’s Equal Opportunities, Health & Safety, and Customer Service standards in all activities.

* Ensuring the activities of CVCU are carried out to the highest standards of integrity and professionalism, in accordance with all relevant legislation, policies and procedures.

Key Responsibilities

To be responsible for the implementation of Cardiff & Vale Credit Union’s policies and procedures, in compliance with relevant regulations and legislation.

To be responsible for the daily management, training and development of the entire finance team. To schedule the department accordingly so daily operational duties are completed in an effective and efficient manner.

To meet regularly with the Chief Executive to assess financial performance and direction of the organisation, ensuring appropriate accounting procedures are in place.

To support the Chief Executive to produce annual budgets and financial forecasts to ensure the continued growth of the organisation, in support of the organisation’s business plan objectives.

To oversee the financial investment decisions of the organisation, ensuring due diligence and the avoidance of unethical investments.

To liaise with the appointed auditors over financial matters, and to oversee that any recommendations made are implemented appropriately.

Prepare and make payments for monthly staff salaries and pension scheme payments, and associated HMRC payments, in liaison with CVCU’s payroll administrators.

Manage CVCU’s member share and loan insurance and liaise with CVCU’s insurers and beneficiaries for individual claims.

Carry out any daily, weekly, monthly and periodic financial transactions.

Perform all reconciliations of transactions, including bank, debtors and creditors management.

Post journals, accruals and prepayments on CVCU’s software, ensuring accurate and timely nominal account management.

Process grant returns, income and expenditure, collating grant stats and liaising with grant providers.

Producing and interpreting monthly key performance management indicators for the team and board

Preparation of annual budgets for income, expenditure, salaries, pensions and operational expenditure for the Board

Monitoring financial processes and ensuring continuous improvement and best practice to minimise financial risk to CVCU, including financial crime and fraud.

Provide assistance as required to service the functions of the Finance and Treasury Subgroup and Supervisory Committee.

To carry out any other duties as directed by the CEO according to individual objectives and policies.

Person Specification

Knowledge / Skills / Experience

Essential

* AAT or equivalent professional accounting qualification.

* Relevant experience of administration and/or banking duties.

* Preparation of financial accounts to Trial Balance.

* Relevant experience in a financial role.

* Ability to demonstrate sound decision-making skills.

* Ability to work on own initiative and problem solve.

* Excellent communication skills.

* Ability to work outside of normal working hours to fulfil financial processing commitments.

* Sound working knowledge of IT applications, including Microsoft Excel and Word.

* Ability to effectively manage workload and meet team deadlines in a busy environment.

* An understanding and commitment to the principles and values of the organisation.

Desirable

* Experience of working in an FCA/PRA regulated environment.

* Qualification in computerised accounts packages (SAGE or similar)

* Supervisory/line management experience