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- Tasks: Lead financial accounting and ensure accurate financial data for the University.
- Company: Join a prestigious University with a strong financial management team.
- Benefits: Competitive salary, excellent pension scheme, and 32 days of leave.
- Other info: Collaborative environment with opportunities for professional growth.
- Why this job: Make a significant impact on the financial integrity of a leading educational institution.
- Qualifications: Experience in financial accounting and strong leadership skills.
The predicted salary is between 60000 - 75000 £ per year.
The Head of Financial Accounting sits within the University’s senior financial team and is responsible for preparation of the University’s financial accounts. The role will lead the Financial Accounting, Income and Treasury and Accounts Payable teams.
The Head of Financial Accounting is responsible for ensuring the accurate recording of all financial data, coordinating the preparation of the Group annual accounts, including year-end audit files, and making tax returns. In addition, the post holder will ensure the integrity of the University balance sheet, promote a strong internal control environment, liaise with external and internal audit and ensure policies are reviewed regularly and maintained in line with relevant legislation.
Key Responsibilities
- Coordination and production of the University Group Accounts and lead the work on the year-end audit.
- Co-ordination of the preparation of the annual accountability returns to the Office for Student (OfS) and submission of subsidiary statutory accounts to Companies House.
- Oversee and contribute to the preparation of tax returns including VAT and Corporation tax returns for University and subsidiary companies.
- Management of income, cash and debt recovery, liaising with investment advisors, and finance lead for banking activities.
- Leading and advising the Deputy Director of Finance and Director of Finance on accounting options with recommendations e.g. Implications of FRS102.
- Develop and maintain the University’s financial policies and guidance e.g. Financial Regulations & Treasury management to comply with legislation and best practice.
- To ensure compliance with key financial processes and deal swiftly with any audit recommendations.
About the Department
The Finance Department is responsible for the overall financial management of the institution including subsidiaries. The division provides a full range of financial services to the University, including management and financial accounting services. The University has devolved systems of planning and budgeting, and the Finance Department works closely with Academic areas and Professional Services to maximise the opportunities for the University within an appropriate controlled environment.
What’s in it for you?
- Competitive salary and excellent pension scheme
- An impressive 32 days leave
Head of Financial Accounting - Salford in Northwood employer: University of Salford
Contact Detail:
University of Salford Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Financial Accounting - Salford in Northwood
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance sector, especially those who might know someone at the University. A friendly chat can open doors that a CV just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of financial regulations and best practices. We want you to be the go-to person for all things financial accounting, so show them you mean business!
✨Tip Number 3
Don’t forget to showcase your leadership skills! As the Head of Financial Accounting, you'll need to lead teams effectively. Share examples of how you've successfully managed teams or projects in the past.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you're serious about joining our team at the University.
We think you need these skills to ace Head of Financial Accounting - Salford in Northwood
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Head of Financial Accounting role. Highlight your experience in financial accounting, audit coordination, and tax returns. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Share specific examples of your past achievements in financial management and how they relate to our needs.
Showcase Your Leadership Skills: As a senior role, we’re keen on seeing your leadership experience. Mention any teams you've led or projects you've managed, especially those related to financial policies and compliance. We love a proactive approach!
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re serious about joining our team!
How to prepare for a job interview at University of Salford
✨Know Your Numbers
As the Head of Financial Accounting, you'll need to demonstrate a solid grasp of financial principles. Brush up on key accounting standards like FRS102 and be ready to discuss how they apply to the university's financial practices.
✨Showcase Leadership Skills
This role involves leading multiple teams, so be prepared to share examples of your leadership experience. Think about times when you've successfully managed a team or project, and how you fostered collaboration and accountability.
✨Understand Compliance and Controls
Familiarise yourself with the relevant legislation and internal controls that govern financial operations in educational institutions. Be ready to discuss how you've ensured compliance in previous roles and how you would approach this at the university.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills, especially regarding financial discrepancies or audit recommendations. Prepare specific scenarios from your past experiences where you effectively resolved issues or improved processes.