Management Accountant

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Management Accountant

Department/Service: 

The finance department is responsible for the overall financial management and administration of the 4million turnover at GSU. The department plays a crucial role in ensuring compliance with statutory regulations, including HMRC, Charities Commission, Companies House, and pensions. This includes supporting our annual external financial audit. The finance team act as Business Partners to the rest of the organisation ensuring they understand financial processes to aid effective working. The team also work alongside our external payroll provider and our external digital system provider to ensure smooth and effective working.

Job Purpose: 

Provide a professional, accurate, and timely accounting service in respect to all management and statutory reporting. Collaborate with internal stakeholders and external support services to enhance the effectiveness and efficiency of the Finance department, ensuring excellence in service delivery.

Reports to: 

Currently reporting to the CEO whilst the senior management role in the Finance Department is under review. The senior management post is currently vacant. 

Responsible for: 

Supporting, managing, supervising, and developing one Finance Coordinator and one Finance Assistant. Temporary Interns and/or student staff supporting the Finance team as required.

Job Description

Management and Statutory Reporting:

  • Prepare accurate management accounts on a timely basis each month.
  • Reconcile all balance sheet accounts monthly, including accruals and prepayments.
  • Prepare and submit statutory reports, including VAT Returns, Companies House, and Charities Commission Annual Returns. 
  • Support the preparation of the annual accounts for the external financial audit and play an instrumental role during the audit process. 
  • Reconcile GSU bank accounts including PayPal online accounts weekly and monthly. 
  • Reconcile Commercial Income to Bank Accounts producing weekly sales and analysis reports.

Budgeting, Forecasting, and Cashflow Statements:

  • Support in the preparation of the annual budget and reforecasts. 
  • Create forecast reports and statements as and when required.
  • Produce monthly and annual cashflow and liquidity statements.

Business Partnering and Collaboration:

  • Act as a business partner to all GSU staff members, providing financial insights and support to meet organisational goals.
  • Work alongside external support services (e.g., payroll providers and digital finance systems) to ensure smooth operations and excellence in the Finance department. 
  • Collaborate with external auditors and other stakeholders to ensure compliance and effective financial management.

Managing and Supervisory Duties:

  • Supervise and support the professional development of two GSU finance staff members. 
  • Foster a team culture that promotes accountability, continuous improvement, and collaboration.
  • Oversee the responsibilities of Finance Coordinator and Finance Administrator and ensure their tasks align with departmental goals. 
  • Supervise and support interns and student staff as appropriate.

Digital Systems and Processes:

  • Maintain efficient digital finance systems and processes to streamline financial operations (Twinfield, Ezora & Basecone for example).
  • Ensure the accuracy and timeliness of digital records and reporting systems.
  • Evaluate and improve digital tools and workflows to enhance departmental efficiency.

General Finance Department Duties:

  • Oversee and assist with sales ledger, purchase ledger, and payroll functions as needed.
  • Support the Finance Coordinator and Finance Assistant to issue and maintain records of purchase orders and associated invoices. 
  • Support the Finance Coordinator and Finance Assistant to maintain and post all petty cash transactions.
  • Prepare ad hoc financial reports and information for the Senior Leadership Team (SLT), Trustee Board, and other stakeholders as required.
  • Respond proactively to financial queries from GSU staff. 
  • Support the ongoing review and development of Finance department systems and procedures. Maintain customer-facing systems and ensure smooth operations for Finance department stakeholders.

External Audit and Compliance:

  • Prepare schedules and reconciliations for the annual audit.
  • Ensure compliance with regulatory requirements, including HMRC and Charities Commission guidelines.

General Responsibilities:

  • Represent and be an ambassador for GSU.
  • Be flexible and carry out other associated duties as may arise, develop, or be assigned in line with the broad remit of the position. Maintain and improve competencies through continuous professional development.
  • Abide by organisational policies, codes of conduct, and practices.
  • Support and promote liberation, diversity, and equality of opportunity in the workplace.

Treat with confidentiality any personal, private, or sensitive information about individuals, organisations, clients, or staff and project data. 

  • Adhere to the Sustainability Policy and strive to reduce the organisation’s carbon footprint. 
  • Actively seek better ways to assist GSU in becoming a more sustainable workplace.

PERSON SPECIFICATION
Experience:

  • Experience in preparing management accounts budgets, forecasts, and cashflows.
  • Experience in preparing and reconciling VAT returns.
  • Experience in reconciling balance sheet control accounts including salaries.
  • Proficiency in using accounting software and digital finance systems.
  • Previous experience working in a Finance department.
  • Experience in customer service and promoting financial literacy.
  • Experience in payroll processes.
  • Familiarity with supporting and developing team members.

Skills and Abilities:

  • Strong customer service focus and ability to build effective working relationships.
  • Ability to engage, motivate, and support team members.
  • Excellent communication skills (face-to-face, MS Teams, phone, and email).Strong analytical and troubleshooting abilities.
  • Proficiency in IT tools for report writing, email, and database management.
  • Excellent time management and organisational skills.
  • High level of accuracy, attention to detail, and methodical working.

Knowledge:

  • Regulatory requirements and best practices in accounting and finance.
  • Knowledge of HMRC, Charities Act, SORP, VAT, PAYE, and pension compliance.

Education/Training: 

  • Part-qualified ACCA or a training towards a relevant professional accounting qualification.
  • Relevant practical experience in accounting and finance.

Personal Attributes and Other Requirements:

  • Hybrid or office-based work with the ability to travel to other campuses when needed.
  • Flexibility to work evenings, weekends, or stay overnight as necessary.
  • Strong team player with a flexible approach to work.
  • Commitment to anti-discriminatory practice and equal opportunities.
  • Awareness and application of diversity issues in all areas of work.
  • Commitment to the values and ethos of the organisation

Career Staff role - Full time 35 hours. 

Opening: 8th January 2025

Closing: 2nd February 2025 at Midnight 

Interviews: WC 10th February 2025 

Panel: Kate Dawson (CEO), TBD, TBD 

Salary: £38,154 - £42,943* (to note as per the Pay Policy at GSU, all new starters start at the bottom of the band) 

Hours of work: 35 Hours Per Week

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