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- Tasks: Manage financial reporting for capital and fixed assets in the education sector.
- Company: Respected not-for-profit organisation with a supportive culture.
- Benefits: Competitive salary, hybrid working, and comprehensive benefits package.
- Why this job: Make a real impact in the education sector while developing your finance skills.
- Qualifications: Strong accounting background, project accounting experience, and relevant qualifications.
- Other info: Opportunities for professional growth in a collaborative environment.
The predicted salary is between 47000 - 52000 £ per year.
A well established and expanding organisation within the Education & Charity sector is looking to recruit for a Capital and Fixed Asset Finance Business Partner. This role involves an element of project accounting also.
The Capital & Fixed Asset Finance Business Partner will oversee and manage the financial reporting and analysis related to capital and fixed assets within the NFP sector. This role in Sutton requires a detail orientated professional with expertise in accounting and finance to ensure all fixed asset spend is recorded for both the College and academy trust are reported accurately internally.
Capital Projects- To prepare and distribute the capex reports under the supervision of the Head of Financial Operations and to report on all capital income streams allocated to capital spend.
- To prepare the annual summary report for inclusion in the paper that is submitted to the Finance Board.
- To collate bids and carry out capital reporting on any major projects report the actuals against budget on a monthly basis and submitting returns to required deadlines.
- Reconciling the fixed assets register and general ledger.
- Maintain and oversee records for the annual allocation of all income in relation to capital funding, including Schools Condition Allowance and other capital funding with the Head of Financial Operations.
- To aid in the preparation of the capital cashflow reporting.
- To ensure reports highlight risks of capital funding that has been allocated and may not be utilised within specific timelines.
- To ensure capital funding that has been allocated from external bodies has been invoiced, if appropriate, and received via liaison with the accounts payable and business partnering teams.
- Advise the Cashflow and Treasury Accountant the transfers for projects that have been awarded funding via SCA.
- To set up new assets (Fixed Asset Register number).
- Communicating project codes to the relevant finance teams and facility personnel.
- Reconcile regularly that the fixed asset register with IT inventory records held with the Trust and College to ensure that they match with accounting records.
- Work closely with the Finance Business Partners to ensure all items are correctly capitalised within the month end reporting.
- To ensure all depreciation is correctly calculated and run on an actual and forecast basis for the entire trust and in line with the financial accounting team.
- Raising accrual journals for completed projects and deferring capital income for projects that need to start.
- To work closely with Finance Business Assistant and Facilities/IT particularly around disposals and transfer and loaning of assets and to ensure that they are correctly recorded within both the fixed asset register and the asset system (Parago).
- To work with internal and external auditors to ensure the assets are correctly capitalised.
- To produce the year end Fixed Asset schedule along with forecasting depreciation, projects and cash flow.
- To be aid in compiling and reporting on policies regarding fixed assets and be responsible for rolling out any training and amendments to policies.
- To maintain information in a confidential manner, following data protection regulations.
- To alert the Head of Financial Operations or Director of Finance to any amendments required to ensure that financial regulations are being adhered to and any financial risks identified and reported effectively.
- To undertake CPD and update own skills and knowledge.
- To carry out all duties in accordance with policies, including the Equality and Diversity Policy, safeguarding policies and Health and Safety Policy.
- To carry out other such similar duties that may be reasonably required.
- A strong background in accounting and finance, particularly within the not-for-profit sector.
- Project accounting experience.
- Experience managing capital and fixed asset-related financial operations.
- Proficiency in financial reporting and analysis tools.
- Knowledge of regulatory and accounting standards.
- An ability to communicate financial insights effectively to stakeholders.
- Excellent organisational and analytical skills.
- Relevant professional qualifications in accounting or finance.
- A competitive salary ranging from £47,000 to £52,000 per annum.
- Hybrid working.
- Opportunities to work within a respected not-for-profit organisation.
- Supportive and collaborative work environment in Sutton.
- Comprehensive benefits package including a local government pension scheme.
- Potential for professional growth and development.
If you are ready to bring your expertise in accounting and finance to this exciting role, we encourage you to apply today!
Capital and Fixed Asset Finance Business Partner employer: Michael Page
Contact Detail:
Michael Page Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Capital and Fixed Asset Finance Business Partner
✨Tip Number 1
Network like a pro! Reach out to your connections in the education and charity sectors. Attend industry events or webinars, and don’t be shy about asking for introductions. We all know that sometimes it’s not just what you know, but who you know!
✨Tip Number 2
Prepare for those interviews by researching the organisation thoroughly. Understand their mission, values, and recent projects. This will help us tailor your responses and show them you’re genuinely interested in being part of their team.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or family. Focus on articulating your experience in project accounting and financial reporting clearly. We want you to feel confident and ready to impress when the real deal comes along.
✨Tip Number 4
Don’t forget to follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. It shows your enthusiasm and professionalism, which is exactly what we want to convey to potential employers.
We think you need these skills to ace Capital and Fixed Asset Finance Business Partner
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience that match the job description. Highlight your background in accounting and finance, especially within the not-for-profit sector, to catch our eye!
Craft a Compelling Cover Letter: Use your cover letter to tell us why you're the perfect fit for the Capital and Fixed Asset Finance Business Partner role. Share specific examples of your project accounting experience and how you've managed capital and fixed asset operations.
Showcase Your Analytical Skills: Since this role involves financial reporting and analysis, be sure to mention any tools or methods you’ve used to analyse financial data. We love seeing how you can communicate financial insights effectively!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands and shows us you’re serious about joining our team!
How to prepare for a job interview at Michael Page
✨Know Your Numbers
Brush up on your financial reporting and analysis skills. Be prepared to discuss specific examples of how you've managed capital and fixed asset operations in the past. This role requires a strong grasp of accounting principles, so make sure you can confidently explain your experience with project accounting and financial reporting.
✨Showcase Your Detail Orientation
Since this position demands a detail-oriented professional, come ready to demonstrate your meticulousness. Bring examples of how you've reconciled fixed asset registers or managed capital projects. Highlight any tools or methods you use to ensure accuracy in your work.
✨Communicate Effectively
This role involves liaising with various teams, so practice articulating complex financial insights in a clear and concise manner. Prepare to discuss how you've communicated financial information to stakeholders in the past, especially in a not-for-profit context.
✨Understand the Sector
Familiarise yourself with the education and charity sector's specific challenges and regulations. Be ready to discuss how your background aligns with the values and mission of the organisation. Showing that you understand their unique environment will set you apart from other candidates.
