Job Title: Finance Manager
Post requires a license: No
Post requires 5 years residency: Yes
Hourly rate: £23.54
Contract Type: Permanent
Full time/Part Time:
Term Time only post: Yes
Advert Closing Date:15/09/2024
Whatever you want from your career, you have the scope to find it here. We foster a work approach based on mutual support and collaboration, where everyone feels empowered to empower others. You’ll find countless opportunities to learn, develop and grow a rewarding career where we recognises the importance of your personal and professional well-being. By considering moving internally across the Public Service, you'll be proud of what you can achieve – both for yourself and the people of Jersey.
Job Overview
Victoria College is committed to supporting the professional development of colleagues, in keeping with its culture of aspiration and kindness. We provide a supportive programme of professional development, coaching and mentoring; the overall aim is ensuring colleagues find working at Victoria College enriching and rewarding. A supported staff community is at the centre of world-class provision for our students, which will allow them to become well rounded, resilient and respectful young people, well equipped with the skills and qualifications to be successful in the 21st century world, be that on or off-Island.
Should you have any questions regarding this vacancy please contact The Bursar, Mrs Carolyn Ferguson, by email to c.ferguson@vcj.sch.je or 01534 638259.
Job Purpose
To plan and manage the school budget on a day to day basis, advising and supporting the Bursar to ensure effective and efficient use of funds to support the long term strategic plan of Victoria College.
To monitor expenditure, employment and activity against the budget, interpreting and reporting on variances.
To manage and audit the quality assurance aspect of all financial processes, ensuring compliance with States of Jersey Financial Directions and that value for money is achieved at all times.
To provide advice and support to the Bursar, Headteacher and Board of Governors on all financial matters and provide up to date financial analysis and reports as required.
Budget & Planning
-Develop and recommend detailed annual revenue budgets, taking into account projected income and expenditure, and provide advice on budget allocation to the Bursar for inclusion in the strategic budget plans.
-Manage the day-to-day running of the Victoria College financial processes ensuring effective and cost efficient co-ordination and delivery of all operational functions, providing information, advice and support to the Bursar and Headteacher.
-Prepare detailed financial reports and performance information in relation to the Delegated School Budget, School Funds and any other Scholarships and Funds pertinent to Victoria College.
-Monitor, control and reconcile the School Fund, covering all income and expenditure for school activities, including trips and fundraising using an appropriate computerised accounting package, and ensure that these funds are audited on an annual basis.
-Provide advice and support to Budget Holders to enable them to manage their areas within agreed budgets. Provide training in financial management and use of systems as required. www.victoriacollege.je 2
-Manage the collection process for all income for both Victoria College and Prep, including school fees, ensuring all monies are collected as required. Follow the formal protocol for debtors and, if necessary, take appropriate action for the recovery of any debt in liaison with the College Bursar.
-Liaise with the Bursar, Head of Marketing and the Site Manager to ensure that invoices relating to the external use of school premises are raised as appropriate. Ensure all payments are received in advance of the proposed use and all costs are recorded accurately.
-Manage the financial aspects of all travel bookings for staff and students both on and off island, including the income collection for all school trips and activities. Check and approve all cost projections for school trips ensuring that all trips have a realistic budget and costs are kept within the approved budget.
-Ensure pay and conditions of service agreements are applied correctly when new contracts are drawn up and all staff related salary recharges are claimed and received. Investigate and resolve any discrepancies.
-Ensure all appropriate insurance is in place and (in liaison with the School Business Manager) ensure the school asset register is maintained for insurance purposes. Pursue any insurance claims as appropriate and resolve any insurance queries.
Audit & Quality Assurance
-Establish a benchmarking system and audit process to ensure the most effective use of financial resources.
-Advise and support the Bursar through monitoring and analysis of annual budget, including the comparison of actual income and expenditure against budget, analysis of any variances and an action plan to address any budget variances that may have arisen.
-Establish controls to ensure compliance with States of Jersey Financial Directions, advising and supporting budget holders in this area.
-In conjunction with the Bursar, liaise with both external and internal auditors, managing the preparation of all pertinent accounts for audit as required.
-Manage the reconciliation of all financial information including suspense accounts, bank accounts, travel advances, bursary funds and any other funds pertinent to Victoria College.
-Oversee all contractual arrangements and service level agreements with external suppliers ensuring value for money, quality assurance and defined standards are met.
Services
The Finance Manager will be responsible for the day-to-day management of the finance processes at Victoria College.
The post holder will:
-Support the Bursar and provide essential financial reporting and information for the Bursar and the Headteacher
-Ensure all financial processes are effectively and efficiently carried out
-Monitor performance against budget (finance, manpower and activity), identifying and interpreting variances
-Prepare the financial aspects of business cases and financial projections
-Seek ways of reducing operational costs through procurement and more efficient operation
-Work directly with budget holders providing training, advice and support as required
-Ensure compliance with school policies and the Public Finances Manual
Qualifications
ESSENTIAL:
-The Finance Manager will be responsible for the day-to-day management of the finance processes at Victoria College. The post holder will:
-Support the Bursar and provide essential financial reporting and information for the Bursar and the Headteacher
-Ensure all financial processes are effectively and efficiently carried out
-Monitor performance against budget (finance, manpower and activity), identifying and interpreting variances
-Prepare the financial aspects of business cases and financial projections
-Seek ways of reducing operational costs through procurement and more efficient operation
-Work directly with budget holders providing training, advice and support as required
-Ensure compliance with school policies and the Public Finances Manual
Knowledge
ESSENTIAL:
-Knowledge of SoJ or comparable organisation and its strategy, functions and policy developments.
-Knowledge and experience of international Financial Reporting Standards, the Public Finances (Jersey) Law 2005 and Financial Directions and the ability to apply these to the production of statutory and management accounts.
Technical Work Based Skills
ESSENTIAL:
-Proficiency in the use of various financial software packages and experience in the development of spreadsheets and models, combined with the ability to present statistical information.
DESIRABLE:
-Familiarity with Ariba, Connect Finance and QuickBooks financial software used by the College
General skills / attributes
ESSENTIAL:
-Excellent oral and written communication skills and the confidence to deal with stakeholders at all levels.
-Ability to think and act independently whilst working to strict deadlines.
-Ability to manage others productively.
Experience
ESSENTIAL:
-A minimum of 5 years’ experience working in a relevant professional environment at a supervisory level and with practical experience of managing finances.
-Experience of managing people, inspiring confidence within the team and ensuring work schedules are met.
-Experience in analysing financial information and preparing detailed reports.
General Responsibilities
These are standard to all States of Jersey Job Descriptions:
-To be responsible for your own health and safety and that of your colleagues, in accordance with the Health and Safety at Work (Jersey) Law, 1989;
-To work in accordance with the Data Protection (Jersey) Law;
-To undertake such other duties as may be reasonably expected
Across the Jersey public service, the scope of our work means our people enjoy a wider range of opportunities – to work with recognised experts across teams, learn new skills and develop their careers. We actively look to recruit people from different backgrounds, with diverse perspectives. This creates a richer, more varied environment, where you’re exposed to new ideas, new ways of thinking and new opportunities, so you can develop an exciting and rewarding career.
Extraordinary, Everyday.