Finance Manager - Capital & Balance Sheet

Finance Manager – Capital & Balance Sheet

About the job: Finance Manager – Capital & Balance Sheet

Job Description

Job Title: Finance Manager Revenue / Capital and Balance Sheet

Management Group: Finance and Corporate Services

Department: Finance & Property Section: Financial and Technical

Reports to: Chief Accountant

Responsible for: Overall day-to-day responsibility for managing up to 6 FTE.

Main purpose of the job:

• To ensure that revenue and capital accounting entries underpinning the Statement of Accounts are produced in a timely manner, are accurate, and in accordance with relevant legislative requirements and professional codes of practice and guidelines.
• To produce the Statement of Accounts, Group Accounts, and other related statutory returns.
• To lead on the provision of financial advice and statutory returns relating to taxation and VAT.
• To support and coordinate the development of capital strategy as an integral part of the medium-term financial strategy, formulating policies and practices across the nominated Council(s).
• To produce high-level capital monitoring reports in accordance with the timetable established by the Head of Strategy, Treasury, and Pensions.
• To collaborate with the Finance Manager, Treasury & Pensions in developing a Treasury Strategy which reflects the Council\’s capital spending plans and cash flow forecasting.
• The post focuses on delivering specialist accounting services, requiring a wide understanding of accounting requirements and practical knowledge.

Major Duties and Responsibilities:

• Ensure that the Council\’s accounts are produced in compliance with all statutory accounting requirements.
• Provide technical accounting advice to senior management, Members, and Finance staff.
• Use appropriate financial data analytics to review revenue and capital information for accuracy and appropriateness.
• Manage key reconciliations around balance sheet accounts and ensure suspense accounts are cleared timely.
• Produce and submit VAT and tax returns within required deadlines.
• Undertake reconciliations for the Collection Fund and produce the Collection Fund statement within the Statement of Accounts.
• Draft reports for officers on capital planning and budgeting issues, ensuring relevant issues are reflected in financial plans and budgets.
• Coordinate periodic asset valuation processes in consultation with property teams, engineers, and valuers to maintain a compliant asset register.
• Maintain up-to-date projections for all capital spending and funding in collaboration with finance business partners.
• Calculate the revenue impact of new capital schemes and projects.
• Contribute to the medium-term financial strategy and annual revenue budget regarding capital charges and financing costs.
• Prepare final accounts in accordance with the accounting code of practice and statutory requirements.
• Input into financial planning and investment decisions regarding capital investment costs.
• Develop the Capital Strategy in consultation with the Finance Manager Strategy.
• Ensure procedures and systems for recording and monitoring capital expenditure are fit for purpose.
• Formulate and present financing options for capital expenditure to optimize resource use.
• Calculate depreciation, impairment, and other capital charges.
• Lead the management of the corporate grants register, ensuring accurate records that satisfy statutory accounting and monitoring requirements.
• Monitor spending against grants and prepare grant claims as appropriate.

Person Specification

Education & Formal Training:

• Qualified CCAB Accountant or equivalent relevant finance qualification.
• Participation in Continuing Professional Development.

Relevant Technical Experience, Knowledge & Skills/Abilities:

• Detailed knowledge of accounting requirements related to capital and revenue expenditure and their strategic influence.
• Accounting and budgetary experience, with sound knowledge of local government finance frameworks, standards, statutory requirements, and codes of practice.
• Understanding of major issues facing local government, including national policy context and future directions.
• Excellent interpersonal, communication, and presentation skills, with the ability to communicate effectively across various audiences.
• Experience in producing year-end accounts, attending meetings, financial appraisals, modeling, and developing business cases.
• Staff management experience with leadership and development skills.
• Experience in delivering change programmes.

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