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- Tasks: Manage charity finances, ensuring smooth operations and accurate reporting.
- Company: A dedicated charity focused on making a positive impact.
- Benefits: Real Living Wage, health benefits, team wellbeing days, and career development.
- Why this job: Join a mission-driven team and make a difference in the community.
- Qualifications: Experience in financial management, preferably in the charity sector.
- Other info: Supportive environment with opportunities for personal and professional growth.
The predicted salary is between 36000 - 60000 £ per year.
Reporting to the Finance Manager, you will be responsible for the smooth running of the charity finance function and assistance with periodic reporting. You will ensure proper operation of financial controls including appropriate authorisation of transactions. You will be working with the Finance Manager and the charity's Administrator, ensuring timely and accurate entry of income and expenditure transactions onto the accounting system (MyFundAccounting Online) in accordance with the principles of charity fund accounting and the Charity's financial strategy.
Your other responsibilities will include:
- Regular reconciliation of key balance sheet control accounts (Bank/cash accounts, Damage Deposit, PAYE/NI and pension control accounts).
- Regular review of nominal ledger and Fund/Grantor summaries to confirm accuracy of input.
- Processing the payment of supplier invoices, approved by line managers, on a regular bi-monthly basis.
- Assisting with monthly reporting to the Management Team, Treasurer and the Board of Trustees, providing an overview of the Charity's financial position including brief narrative on key figures and budget variances.
- Assisting with the provision of financial data for periodic grant monitoring and applications and helping to provide periodic and ad-hoc management information.
- Assisting the Finance Manager with the preparation of annual revenue budgets for discussion with the Management Team.
- Assisting the Finance Manager with the preparation of annual financial statements and helping with the annual financial audit.
- Assisting with the preparation of Gift Aid Claims and submission to HMRC.
Qualifications:
- Be a qualified accounting technician (Association of Accounting Technicians, or equivalent) or qualified by experience in a similar role.
- Have demonstrable experience in financial management within the charity or not-for-profit sector.
- Have some understanding of charity finance regulations, including Statement of Recommended Practice.
- Have experience of financial reporting, budgeting, and forecasting.
- Be proficient with accounting software including payroll and Microsoft Excel; the charity uses Data Developments MyFundAccountingOnline for which training will be provided.
- Have strong analytical, organisational, and communication skills.
- Have a good track record of working within a small team.
- Have experience of working with fundraising or grant-funded organisations (desirable).
- Have knowledge of Gift Aid (desirable).
Values and behaviours:
- Commitment to the charity's mission and values.
- High level of integrity and confidentiality.
- Proactive and solution-oriented mindset.
Finance Officer in Bury St Edmunds employer: Restore PLC
Contact Detail:
Restore PLC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Finance Officer in Bury St Edmunds
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance sector, especially those who have experience in charities. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on charity finance regulations and the specific software mentioned in the job description. We recommend practising common interview questions related to financial management to show you’re ready to hit the ground running.
✨Tip Number 3
Don’t just apply; follow up! After submitting your application through our website, drop a quick email to express your enthusiasm. It shows initiative and keeps you on their radar.
✨Tip Number 4
Showcase your analytical skills during interviews. Prepare examples of how you've tackled financial challenges in the past, especially in a charity context. This will demonstrate your problem-solving abilities and commitment to the charity's mission.
We think you need these skills to ace Finance Officer in Bury St Edmunds
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your financial management experience, especially within the charity sector, to show us you’re the right fit for the Finance Officer role.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about our mission and how your background aligns with the responsibilities of the role. Keep it concise but impactful!
Showcase Relevant Skills: Don’t forget to mention your proficiency with accounting software and your analytical skills. We want to see how you can contribute to our financial controls and reporting processes, so be specific about your experiences.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the easiest way for us to receive your application and ensures you don’t miss any important updates from our team!
How to prepare for a job interview at Restore PLC
✨Know Your Numbers
Brush up on your financial knowledge, especially around charity finance regulations and the principles of charity fund accounting. Be ready to discuss how you've applied these in previous roles, as this will show your understanding of the sector.
✨Familiarise with MyFundAccounting Online
Since the charity uses MyFundAccounting Online, it’s a good idea to get acquainted with it before the interview. Even if you haven’t used it before, showing that you’ve done your homework will impress the Finance Manager and demonstrate your proactive attitude.
✨Prepare for Scenario Questions
Expect questions that ask how you would handle specific financial situations, like reconciling accounts or processing invoices. Think of examples from your past experience where you successfully navigated similar challenges, and be ready to share those stories.
✨Show Your Team Spirit
This role involves working closely with the Finance Manager and Administrator, so highlight your teamwork skills. Share examples of how you’ve collaborated effectively in the past, and express your commitment to the charity's mission and values during the conversation.