At a Glance
- Tasks: Lead financial strategy, manage budgets, and ensure compliance in a dynamic music organization.
- Company: Join Black Lives in Music, dedicated to promoting equity in the music industry.
- Benefits: Enjoy a supportive work environment with growth opportunities and a chance to make an impact.
- Why this job: Be part of a mission-driven team that champions representation for Global Majority individuals in music.
- Qualifications: Experience in financial management, strong analytical skills, and proficiency in accounting software required.
- Other info: Passionate candidates encouraged to apply; make a difference in the community!
The predicted salary is between 36000 - 60000 £ per year.
About the Role
We are actively seeking a proactive and detail oriented Finance Manager to join our team at Black Lives in Music. You will be instrumental in overseeing and advancing the financial operations of our organisation, managing budgets meticulously, ensuring compliance with financial regulations, and providing key stakeholders with transparent and strategic financial insights. This role offers a tremendous opportunity to make a significant impact within the music industry by supporting and promoting the advancement and representation of Global Majority individuals. Join us in our mission to drive meaningful change and create a more equitable landscape in the music sector.
Key Responsibilities
1. Financial Strategy and Planning
- Develop and manage the organisation’s financial strategy, ensuring alignment with overall goals.
- Prepare and monitor budgets, financial forecasts, and long-term financial plans.
- Provide accurate and timely financial analysis to support decision-making.
- Advise management on financial matters and contribute to the overall strategic planning process.
2. Financial Reporting and Compliance
- Submit annual financial accounts to Companies House and the Charity Commission.
- Ensure compliance with the Charity SORP, HMRC tax regulations, and the Charities Act 2011.
- Manage VAT returns and ensure compliance with all relevant financial regulations.
3. Operational Finance Management
- Oversee the preparation of financial statements, including balance sheets and cash flow statements.
- Manage day-to-day financial operations, including raising invoices, chasing payments, and managing accounts payable and receivable.
- Implement effective cost control measures and monitor financial performance.
4. Stakeholder Engagement
- Communicate financial information clearly to trustees, donors, staff, and external regulators.
- Foster strong relationships with funding bodies, including Trusts, Foundations, and government programmes.
- Support donor relations by providing transparent financial reports and updates.
5. Leadership and Team Management
- Collaborate with cross-functional teams to optimise financial practices across the organisation.
- Ensure financial policies and procedures are up-to-date and effectively implemented.
Essential Skills and Experience
- Proven experience in financial management within the charity sector or similar industries.
- Strong knowledge of UK charity funding mechanisms and financial regulations.
- Proficiency in preparing budgets, forecasts, and financial statements.
- Experience with VAT returns, invoicing, and payment collections.
- Excellent communication skills with the ability to present financial data to non-financial audiences.
- Strong analytical and problem solving abilities.
- Advanced knowledge of accounting software Xero and MS Excel.
- Coordinate with external auditors during audits and ensure timely submission of all required documentation.
- Oversee payroll processing, ensuring accuracy and compliance with employment laws. Liaise with HMRC.
- Manage employee benefits, including pension schemes and insurance.
- Provide training and support to staff on financial policies and procedures.
- Recognised accountancy qualification (e.g., ACCA, CIMA, ACA).
- Experience working with the Charity SORP and managing charity-specific compliance.
- Familiarity with grant management and donor reporting.
What We Offer
- A supportive and inclusive work environment.
- Opportunities for professional growth and development.
- The chance to make a significant impact on our organisation and the community we serve.
If you are passionate about financial excellence and thrive in a mission driven environment, we encourage you to apply.
How to Apply
Please send your CV and a cover letter detailing your experience and how it aligns with this role to .
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Finance Manager employer: Black Lives in Musi
Contact Detail:
Black Lives in Musi Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Finance Manager
✨Tip Number 1
Familiarize yourself with the specific financial regulations and compliance requirements relevant to the charity sector in the UK. This knowledge will not only help you during the interview but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the charity sector, especially those who have experience in financial management. Engaging with them can provide valuable insights and potentially lead to referrals or recommendations.
✨Tip Number 3
Prepare to discuss your experience with accounting software like Xero and MS Excel in detail. Be ready to share specific examples of how you've used these tools to improve financial processes or reporting.
✨Tip Number 4
Highlight any previous experience you have with stakeholder engagement, particularly in communicating complex financial information to non-financial audiences. This skill is crucial for the role and will set you apart from other candidates.
We think you need these skills to ace Finance Manager
Some tips for your application 🫡
Tailor Your Cover Letter: Make sure to customize your cover letter to reflect your passion for the music industry and how your financial expertise aligns with the mission of Black Lives in Music. Highlight specific experiences that demonstrate your ability to manage budgets and ensure compliance.
Showcase Relevant Experience: In your CV, emphasize your proven experience in financial management, particularly within the charity sector. Include details about your familiarity with UK charity funding mechanisms and any relevant qualifications like ACCA or CIMA.
Highlight Communication Skills: Since the role requires clear communication of financial information to various stakeholders, make sure to include examples of how you've effectively presented financial data to non-financial audiences in your application.
Demonstrate Analytical Abilities: Provide specific examples in your CV or cover letter that showcase your strong analytical and problem-solving skills. Mention any tools or software you are proficient in, such as Xero or MS Excel, that can support your application.
How to prepare for a job interview at Black Lives in Musi
✨Showcase Your Financial Expertise
Be prepared to discuss your previous experience in financial management, especially within the charity sector. Highlight specific examples where you successfully managed budgets, ensured compliance, and provided strategic financial insights.
✨Understand the Charity Landscape
Familiarize yourself with UK charity funding mechanisms and financial regulations. Demonstrating knowledge of the Charity SORP and how it impacts financial reporting will show that you are well-prepared for the role.
✨Communicate Clearly
Since you'll be presenting financial data to non-financial audiences, practice explaining complex financial concepts in simple terms. This will help you connect with stakeholders and demonstrate your communication skills.
✨Prepare for Scenario Questions
Anticipate questions about how you would handle specific financial challenges or scenarios. Think about past experiences where you solved problems or improved financial processes, and be ready to share those stories.