Finance Manager Outer Spaces

Finance Manager Outer Spaces

Inverness Full-Time 28000 - 42000 £ / year (est.) Home office possible
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At a Glance

  • Tasks: Manage cash flow, prepare monthly accounts, and ensure financial compliance.
  • Company: Outer Spaces repurposes vacant properties to support artists and creative communities.
  • Benefits: Enjoy remote work, 33 days holiday, and a supportive team culture.
  • Why this job: Join a dynamic charity making a real impact in the arts community.
  • Qualifications: Qualified or part-qualified accountant with experience in cash flow and accounting software.
  • Other info: We value diversity and encourage underrepresented candidates to apply.

The predicted salary is between 28000 - 42000 £ per year.

Outer Spaces supports artists, professional development, artist-led activity, and studio provision by repurposing empty commercial properties. Our programming and partnerships focus on visual artists, using vacant and disused spaces as platforms for research, experimentation, and creative exchange. Since launching in 2021, the response to our work—and to our growing portfolio of spaces—has been overwhelming. We have supported over 1,000 resident artists and groups across 139 spaces in 13 local authority areas. These spaces are currently located in Aberdeen, Edinburgh, Glasgow, Greenock, Inverness, Motherwell, Newton Mearns, and Paisley. They include former shops and offices in diverse settings—from busy city centres and commuter towns to post-industrial areas and communities heavily affected by austerity, Brexit, the pandemic, and now the cost-of-living crisis. All our spaces are rent-free. By removing what is often an artist’s highest monthly cost, Outer Spaces plays a vital role in supporting creative practice, particularly now, as rising living costs put further pressure on already fragile incomes. Our goal is to ensure that artists, especially those at early stages of their careers, have access to affordable space, a peer network, and opportunities to collaborate, share work, and engage with the public.

Role

This is a new, hands-on finance role in a small, dynamic charity. The Finance Manager ensures effective cash flow management, timely monthly management accounts, and oversight of pledged income, while maintaining high standards of financial control and compliance. Working closely with the Senior Leadership Team (SLT) the Finance Manager supports both day-to-day operations and strategic planning.

Key Responsibilities

  • Cash Flow Management
    • Monitor daily and weekly cash balances to ensure sufficient liquidity
    • Prepare and maintain accurate rolling cash flow forecasts
    • Proactively identify and report potential cash shortfalls or surpluses at the earliest opportunity
    • Liaise with internal teams to understand income and expenditure timelines
  • Monthly Management Accounts
    • Prepare and deliver accurate monthly management accounts, including income and expenditure, cash flow, variance analysis and commentary
    • Complete month-end tasks such as reconciliations, journals, accruals, and prepayments
  • Credit Control & Donor Income Tracking
    • Raise advice notes and payment requests to funders and donors
    • Maintain accurate records of pledged income (donations, grants, sponsorships)
    • Monitor and follow up on outstanding income
    • Allocate restricted and unrestricted funds appropriately
  • Cash Control & Financial Operations
    • Perform regular bank reconciliations and resolve discrepancies
    • Ensure compliance with internal cash handling and banking protocols
    • Record all income and expenditure accurately using Xero
  • Budgeting & Strategic Support
    • Support annual budgeting and in-year reforecasting with cash flow insight
    • Provide financial scenario modelling and planning support to the SLT
    • Prepare ad hoc reports for trustees, funders, and key stakeholders
  • Compliance & Audit
    • Ensure compliance with internal policies and external charity regulations
    • Support the preparation of year-end audit files and documentation
    • Maintain documentation of financial processes, recommending improvements where necessary

Essential Skills and Experience

  • Qualified or part-qualified accountant (ACCA, CIMA, ACA) or equivalent experience
  • Experience in:
  • Cash flow forecasting
  • Monthly accounts preparation
  • Credit control and income tracking
  • Proficiency in Xero accounting software
  • Advanced Excel skills
  • Understanding of restricted and unrestricted fund accounting
  • Ability to communicate financial information clearly to non-financial colleagues
  • Capable of working independently in a small, remote team
  • Desirable Skills and Experience

    • Familiarity with MGETR and charity-specific tax reliefs
    • Knowledge of UK Charity SORP and financial reserves policies
    • Experience working in a donor-funded, small charity, or not-for-profit context

    Personal Attributes

    • Proactive and detail-oriented
    • Collaborative and solutions-focused
    • Committed to the values and mission of Outer Spaces

    Terms & Conditions

    • Salary: £35,000 per annum
    • Location: Work from home
    • Hours: Full-time, 35 hours per week
    • Holidays: 33 days including statutory holidays
    • Contract: Permanent
    • Notice Period: One month (both employer and employee)
    • Reporting to: Business Development Director
    • Deadline for applications: 9.00am, Monday 30 June

    How to apply:

    Please send a copy of your CV together with a covering letter outlining your suitability for the role. Please email your application to submissions@outerspaces.org with Finance Manager in the subject line.

    Access

    We are committed to building inclusivity and diversity within our team and artist network. We encourage candidates who are underrepresented within the arts sector to apply for this post. If there are any adjustments that would help support you in your application, please do get in touch.

    Finance Manager Outer Spaces employer: Creative Entrepreneurs Club (CEC)

    Outer Spaces is an exceptional employer that champions creativity and supports artists by providing rent-free spaces across various locations in Scotland. With a strong commitment to inclusivity and professional development, employees benefit from a collaborative work culture, opportunities for personal growth, and the chance to make a meaningful impact in the arts community. As a small, dynamic charity, the Finance Manager role offers a unique opportunity to contribute to strategic planning while enjoying flexible working arrangements and a generous holiday allowance.
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    Contact Detail:

    Creative Entrepreneurs Club (CEC) Recruiting Team

    submissions@outerspaces.org

    StudySmarter Expert Advice 🤫

    We think this is how you could land Finance Manager Outer Spaces

    ✨Tip Number 1

    Familiarise yourself with the specific financial challenges faced by charities, especially in the arts sector. Understanding how to manage cash flow in a non-profit context will give you an edge during interviews.

    ✨Tip Number 2

    Network with professionals in the charity and arts sectors. Attend relevant events or webinars to connect with others who may provide insights or even referrals for the Finance Manager position.

    ✨Tip Number 3

    Brush up on your knowledge of Xero accounting software, as proficiency in this tool is essential for the role. Consider taking a short online course or tutorial to enhance your skills.

    ✨Tip Number 4

    Prepare to discuss how you can contribute to Outer Spaces' mission. Think about how your financial expertise can support their goals of providing affordable spaces for artists and fostering creative communities.

    We think you need these skills to ace Finance Manager Outer Spaces

    Qualified or part-qualified accountant (ACCA, CIMA, ACA)
    Cash Flow Forecasting
    Monthly Accounts Preparation
    Credit Control and Income Tracking
    Proficiency in Xero Accounting Software
    Advanced Excel Skills
    Understanding of Restricted and Unrestricted Fund Accounting
    Ability to Communicate Financial Information Clearly
    Experience in a Donor-Funded Charity or Not-for-Profit Context
    Knowledge of UK Charity SORP
    Familiarity with MGETR and Charity-Specific Tax Reliefs
    Detail-Oriented
    Proactive and Solutions-Focused
    Collaborative Working Style

    Some tips for your application 🫡

    Tailor Your CV: Make sure your CV highlights relevant experience in finance management, particularly in cash flow forecasting and monthly accounts preparation. Use specific examples that demonstrate your skills in Xero accounting software and advanced Excel.

    Craft a Compelling Cover Letter: In your cover letter, clearly outline your suitability for the Finance Manager role. Discuss your understanding of the charity sector and how your values align with those of Outer Spaces. Be sure to mention any experience you have with donor-funded organisations.

    Showcase Your Skills: Emphasise your ability to communicate financial information clearly to non-financial colleagues. Provide examples of how you've successfully collaborated in a team environment, especially in small or remote teams.

    Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a finance role.

    How to prepare for a job interview at Creative Entrepreneurs Club (CEC)

    ✨Know Your Numbers

    As a Finance Manager, you'll need to demonstrate your expertise in cash flow management and financial reporting. Brush up on your knowledge of cash flow forecasting and monthly accounts preparation, and be ready to discuss specific examples from your past experience.

    ✨Familiarise Yourself with Xero

    Since proficiency in Xero accounting software is essential for this role, make sure you are comfortable navigating the platform. If you have any specific experiences using Xero, be prepared to share them during the interview.

    ✨Understand the Charity Sector

    Outer Spaces operates within the charity sector, so it's crucial to understand the unique financial challenges and regulations that come with it. Familiarise yourself with UK Charity SORP and financial reserves policies to show your commitment to compliance and best practices.

    ✨Show Your Collaborative Spirit

    This role requires working closely with the Senior Leadership Team and other internal teams. Be ready to discuss how you've successfully collaborated in previous roles, highlighting your proactive and solutions-focused approach to teamwork.

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