Financial Accountant

Job Description

Are you a commercially minded and technical accountant seeking a new opportunity Look no further! Ivy Rock Partners have an exciting Financial Accountant position available within a presigious University of Cambridge College.As Financial Accountant you will be a key member of the Bursary, and responsible for all areas of financial accounting, audit, treasury, tax, payroll and endowment management for the College, its trading subsidiaries, and Trusts.If you are a fully qualified member of a professional accountancy body or possess equivalent experience, this role will offer you an excellent platform to unleash your potential as a Financial Accountant.Duties and ResponsibilitiesFinancial Reporting

• 1. Production of the consolidated and individual statutory accounts of the College, the individual Trusts and the trading subsidiaries to the applicable Cambridge Colleges SORP, Charity SORP and UK GAAP standards.
• 2. Liaison with the external auditors including preparation and collation of information requests.
• 3. Give advice on the technical treatment of complex accounting transactions
• 4. In liaison with the Development Office, ensuring donations are properly accounted for in the appropriate period and reconciliations between Blackbaud and Sun systems happen regularly
• 5. Secretary to the Audit Committee ensuring that papers are collated and circulated to members at least 7 days beforehand. Responsible for taking minutes at meetings. Investment and Trust Management
• 6. Supervising the daily accounting and regular reporting for the individual Trusts, restricted funds and the Endowment.
• 7. Preparing valuation reports for and to the Investments Committee, Finance Committee and committees of individual trusts.
• 8. Ensure that users of restricted funds balances are notified in a timely fashion of funds available, including projections of income and expenditure as and when requested.
• 9. Calculation of the transfer to unrestricted activities from Statute 42 funds.
• 10. Monitoring receipt of distributions from investments and taking correcting action if necessary.
• 11. Monitoring capital calls and ensuring internal approvals received in a timely fashion.

Tax Compliance

• 12. Preparation and submission of all statutory tax and other returns, for the College and subsidiaries, on a timely basis
• 13. In respect of Deeds of Covenant and Gift Aid, liaising with the Development Office, the preparation of periodic tax claims, administration of the scheme and reconciliation of claims to the General Ledger accounts.

Banking and Treasury

• 14. Reconcile College Fees and University Composition Fees in the ledger to CamSIS and University Statements, paying any amounts due.
• 15. Produce a monthly cash flow report for College and for Endowment and update regularly as required
• 16. Pro-active monitoring of College’s bank accounts including ensuring there are sufficient balances in appropriate accounts, preparation of monthly reconciliations of bank accounts, interschool accounts, control accounts and suspense accounts. Processingany associated journals and correcting entries on all College current and business reserve accounts, including ensuring there is proper liaison with banks in respect of errors, queries, refunds etc.
• 17. Overseeing all student society bank accounts including being a bank signatory.
• 18. Ensure that all bank mandates are kept up to date and in accordance with the Scheme of Delegation.

Payroll

• 19. Overseeing salary sacrifice schemes
• 20. Check and approve payroll in a timely and efficient manner including reconciling the Payroll control accounts
• 21. Provide full cover in absence of the Payroll Supervisor

Fellows’ Shared Equity and Loan Schemes

• 22. Managing the Fellows’ Shared Equity and Loan Schemes including monitoring interest rates, preparation of annual statements and handling any correspondence on the Schemes.

Other responsibilities

• 23. Promote a constructive culture of financial control, fiscal awareness and good financial practice, including a value for money approach, among non-financialstaff.
• 24. Manage the assigned bursary team (accounts receivable and payroll) ensuring staff have clear objectives and are motived, developed and encouraged deliver the highest standard of professional practice as individuals and within the team
• 25. Undertake corporate level project and developmental work as directed by the Bursar or Deputy Financial Bursar.
• 26. Ensure resilience of financial controls and processes within the remit of the role.
• 27. Provide cover and support for other members of the team when required, including finance business partnering, management accounts, accounts receivable and payable functions.
• 28. To actively follow and promote the College’s policies, and actively promote these wherever possible.
• 29. To maintain an awareness and observation of fire and health and safety regulations
• 30. Support a culture of continuous professional development within the Bursary.
• 31. Any other duties, consistent with the grade and scope of the post, reasonably required of the post-holder by the Bursar or Deputy Financial Bursar

Keyskills :
AuditFinancial AccountingFinancial ControlFinancial ReportingStatutory Accounts