Finance Officer

Finance Officer

Glasgow Full-Time 28800 - 43200 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Join our Finance team to manage records, budgets, and support financial processes.
  • Company: We are a dynamic housing association committed to financial excellence and community impact.
  • Benefits: Enjoy flexible working options, professional development opportunities, and a supportive team culture.
  • Why this job: Make a real difference while gaining valuable finance experience in a collaborative environment.
  • Qualifications: No specific qualifications required; enthusiasm for finance and a willingness to learn is key.
  • Other info: This role offers a chance to rotate tasks with another Finance Officer for diverse experience.

The predicted salary is between 28800 - 43200 £ per year.

Reporting To: Finance Manager

Grade: EVH Grade 7

Job Purpose: To work with the Finance Manager and the Head of Finance to achieve the Association’s key strategic objectives in relation to finance. To assist with the delivery of the Association’s key financial processes ensuring they are carried out in an efficient and timely manner. To assist the Finance team in the provision of a high quality and responsive finance service. To deliver high levels of performance and continuous improvement to agreed performance targets.

The following list is typical of the level of duties which the post holder is expected to perform or be responsible for. It is not necessarily exhaustive and other duties of a similar type and level may be expected from time to time. The post holder will be responsible for a combination of the objectives described below dependent upon the requirements of the organisation. There are two Finance Officer roles in the team, with the tasks shared and rotated over the two roles.

Core Finance Responsibilities
  • To maintain financial records, cashbooks and journals as required
  • To complete monthly bank reconciliations for all accounts
  • To process information and data to the nominal ledger
  • To complete and post the prepayment schedule monthly
  • To prepare and post monthly creditors journals and reconciliations
  • To complete and post the bad debt provision for Owners and Tenants
  • To assist with the preparation of management and annual accounts
  • To assist with the preparation of the annual budget
  • To provide analysis and other financial projections as required
  • To prepare monthly nominal and control account reconciliations and analysis schedules for income and expenditure accounts
  • To contribute to the maintenance of good financial practice and compliance with financial regulations and the Association Standing Orders.
  • To assist with VAT return preparation and submission
  • To maintain the sales ledger and carry out debt recovery
  • To maintain community benefits database
Salaries
  • To prepare monthly salaries with analysis
  • Reconciliation of salary control accounts
  • Maintain all records in relation to PAYE, NI, SSP, SMP
  • Administration for the Association’s pensions
Budget monitoring and accounts production
  • To prepare and monitor key budget analysis schedules
  • To provide advice and guidance to budget holders
  • To hold monthly review meetings with individual budget holders
  • To provide narrative for monthly report to senior management
  • To support production of the monthly management accounts pack
  • To support the production of the Financial Statements
  • To provide analysis and supporting documentation for the Financial Statements at year end
  • To support the audit process during the financial year.
Other Duties
  • To assist with the completion of statistical information and survey forms to external agencies as required.
  • To support the Finance Assistant and Finance Administrator within the department
  • To support colleagues with queries on salaries and pensions
  • To support the maintenance of finance data in our network drives and housing management system
  • General support on the Team Delivery Plan and key projects within the year
Corporate Responsibility
  • Act as a role model within the Finance team ensuring that our operating principles and values are lived on a day to day basis
  • Ensure compliance with all regulatory, statutory and legal requirements and other directives
  • Comply with Maryhill Housing’s policies including our code of conduct, health and safety, anti-fraud and bribery, and equalities, diversity and inclusion policies
  • Ensure effective communication in plain language, both internally and externally, to ensure people are informed, engaged and find it easy to access our services and contact us and understand our information and the decisions we make
  • Maximise the use of ICT to improve efficiency, increase productivity and develop new and existing services
  • Produce accurate and timely performance information and data, including information required for regulatory and statutory returns and implementing actions arising from internal and external audits as directed

Finance Officer employer: Maryhill Housing Association

As a Finance Officer at our Association, you will be part of a dynamic team dedicated to achieving strategic financial objectives while fostering a supportive and inclusive work culture. We prioritise employee growth through continuous training and development opportunities, ensuring that you can enhance your skills and advance your career. Located in a vibrant community, we offer a range of benefits including flexible working arrangements and a commitment to corporate responsibility, making us an excellent employer for those seeking meaningful and rewarding employment.
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Contact Detail:

Maryhill Housing Association Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Finance Officer

✨Tip Number 1

Familiarise yourself with the key financial processes mentioned in the job description. Understanding how to maintain financial records, process bank reconciliations, and prepare management accounts will give you a solid foundation for discussions during the interview.

✨Tip Number 2

Showcase your analytical skills by preparing examples of financial projections or budget analyses you've done in the past. Being able to discuss these experiences will demonstrate your capability to contribute effectively to the Finance team.

✨Tip Number 3

Research the organisation's values and operating principles. Be ready to discuss how you can embody these values in your role as a Finance Officer, particularly in terms of compliance and communication.

✨Tip Number 4

Network with current or former employees if possible. They can provide insights into the team dynamics and expectations, which can help you tailor your approach and questions during the interview.

We think you need these skills to ace Finance Officer

Financial Record Keeping
Bank Reconciliation
Nominal Ledger Processing
Budget Preparation and Monitoring
Management Accounts Preparation
Data Analysis and Financial Projections
VAT Return Preparation
Debt Recovery Management
Payroll Administration
Statutory Compliance Knowledge
Communication Skills
Attention to Detail
Problem-Solving Skills
Team Collaboration
Time Management

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the Finance Officer role. Focus on your financial record-keeping, budgeting, and analytical skills, as these are crucial for the position.

Craft a Strong Cover Letter: Write a cover letter that specifically addresses how your background and skills meet the requirements outlined in the job description. Mention your experience with financial processes, compliance, and any relevant software you have used.

Showcase Relevant Achievements: In your application, include specific examples of past achievements related to finance, such as successful budget management or improvements in financial reporting processes. Quantify your successes where possible.

Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects attention to detail, which is essential for a Finance Officer role.

How to prepare for a job interview at Maryhill Housing Association

✨Know Your Numbers

As a Finance Officer, you'll be dealing with financial records and data daily. Brush up on your knowledge of financial statements, bank reconciliations, and budgeting processes. Be prepared to discuss your experience with these tasks and how you ensure accuracy in your work.

✨Demonstrate Attention to Detail

In finance, precision is key. During the interview, highlight examples where your attention to detail has made a difference, such as catching errors in financial reports or improving processes. This will show that you understand the importance of accuracy in financial management.

✨Showcase Your Teamwork Skills

The role involves working closely with the Finance Manager and other team members. Be ready to share experiences where you've collaborated effectively in a team setting, especially in finance-related projects. Emphasise your ability to support colleagues and contribute to a positive team environment.

✨Prepare for Scenario Questions

Expect questions that assess your problem-solving skills in real-world finance situations. Prepare for scenarios like handling discrepancies in financial records or managing tight deadlines for budget submissions. Think through your responses to demonstrate your analytical thinking and decision-making abilities.

Finance Officer
Maryhill Housing Association
M
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