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- Tasks: Lead a team to maximise subsidy income and ensure compliance with financial policies.
- Company: Join a forward-thinking Council dedicated to optimising public funds and community support.
- Benefits: Enjoy competitive pay, professional development opportunities, and a supportive work environment.
- Why this job: Make a real impact on community welfare while developing your finance skills in a dynamic setting.
- Qualifications: Strong analytical skills and experience in finance or subsidy management preferred.
- Other info: Opportunity for growth and involvement in innovative projects within the Council.
The predicted salary is between 43200 - 72000 £ per year.
To maximize subsidy income for the Council ensuring that comprehensive procedures and policies are in place that are fit for purpose and in line with best practice in respect of all areas of subsidy. The Council expends approximately £68M per annum on Benefits with £62M counting as qualifying expenditure for Government subsidy. The role provides technical advice to officers at all levels in the Council with regard to subsidy and consequential financial implications to the Council for adjudications decisions on both an individual and scheme basis.
Main Duties and Responsibilities
- Manage, motivate, develop and communicate effectively with members of the Subsidy and Financial Control Team.
- Monitor areas of potential loss of subsidy and take appropriate action to prevent loss of subsidy aiming for a 100% subsidy return in the areas within the control of the Benefits Team.
- Prepare reports for the Senior Management Team highlighting areas of concern from the quarterly subsidy health checks and recommend actions to address.
- Ensure that the quality database is effectively maintained and quality checks analysed, with particular attention being focused on contentious and priority areas.
- Ensure the timely completion of all reconciliations for Benefits, NDR and Council Tax systems to ensure they are in balance with other Council systems and that discrepancies are identified and resolved.
- Maintain relevant records and working papers to ensure that Housing Benefit subsidy is being recorded correctly, and that all estimates and claims are made accurately and on time to the DWP.
- Be one of the leads for the end of year process for Benefits.
- Liaise with external and internal auditors to ensure that subsidy claims are audited and closed. Advise on the presentation of subsidy certification results to the external auditor and draft response to the qualification letter.
- Ensure necessary checks are carried out, satisfying the principles of HB Count Methodology, to support the integrity of the subsidy claim and minimise potential qualifications or adjustments.
- Develop SFC team members in understanding what goes into subsidy so that they are fully competent in the financial implications of correct data input.
- Manage allocated budgets associated with the team and monitor closely the Housing Benefit subsidy spending position, reporting regularly to senior officers, highlighting areas of risk.
- Ensure that procedure manuals for all functions of the team are provided online and kept up to date.
- Participate in the introduction, maintenance and development of new systems aimed at securing improvements in service delivery.
- Participate in the GPC process.
- Participate in the training of new staff.
- Attend meetings, working groups etc and progress any issues arising.
- Comply with the Customer Care Code.
- Adhere to the Councils policies on Equalities and Environmental issues.
- Comply with the Health and Safety at Work Act 1974 and the Councils safety policy.
Subsidy and Finance Manager employer: 5 Star Recruitment
Contact Detail:
5 Star Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Subsidy and Finance Manager
✨Tip Number 1
Familiarise yourself with the latest regulations and best practices in subsidy management. Understanding the nuances of government policies will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the field of finance and subsidy management. Attend relevant workshops or webinars to connect with others who may provide insights or even referrals for the position at StudySmarter.
✨Tip Number 3
Prepare to discuss specific examples from your past experience where you've successfully managed budgets or improved financial processes. This will showcase your ability to handle the responsibilities outlined in the job description.
✨Tip Number 4
Research StudySmarter's values and mission. Tailoring your conversation to align with our goals during the interview can set you apart as a candidate who is genuinely interested in contributing to our success.
We think you need these skills to ace Subsidy and Finance Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in subsidy management and financial control. Use specific examples that demonstrate your ability to maximise subsidy income and manage budgets effectively.
Craft a Strong Cover Letter: In your cover letter, explain why you are passionate about the role of Subsidy and Finance Manager. Discuss your understanding of subsidy processes and how your skills align with the responsibilities outlined in the job description.
Highlight Relevant Skills: Emphasise skills such as data analysis, team management, and communication. Mention any experience with audits or compliance, as these are crucial for the role.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is essential for this position.
How to prepare for a job interview at 5 Star Recruitment
✨Understand the Role Thoroughly
Before the interview, make sure you have a solid grasp of the responsibilities and expectations of a Subsidy and Finance Manager. Familiarise yourself with subsidy policies, financial implications, and the specific challenges faced by the Council in managing subsidy income.
✨Prepare Relevant Examples
Think of specific instances from your past experience where you successfully managed subsidy processes or financial controls. Be ready to discuss how you motivated your team, resolved discrepancies, or improved procedures, as these will demonstrate your capability for the role.
✨Showcase Your Analytical Skills
Given the importance of monitoring potential losses and conducting health checks, be prepared to discuss your analytical approach. Highlight any tools or methodologies you’ve used to analyse data and ensure accuracy in subsidy claims.
✨Ask Insightful Questions
At the end of the interview, don’t hesitate to ask questions that show your interest in the role and the Council's operations. Inquire about current challenges they face in subsidy management or how they measure success in this position, which can also help you gauge if it’s the right fit for you.
