FINANCIAL CONTROLLER
Job Title Financial Controller (FC)
Purpose:
To work with CEO, the Senior Leadership Team (SLT) and other teams, monitoring and reporting the current financial position, and assisting with decision making through the compilation of financial and cash forecasts.
Responsible to:
CEO
Responsible for:
The FC is responsible for the preparation of financial reports and the reporting of current financial position, including cash flow and the preparation of budgets and forecasts. The FC has responsibility for the ledgers and the integrity of the information produced by the accounting software and the finance team.
Working with:
Colleagues across the organisation, Trustee Treasurer, suppliers, customers, auditors, banks, regulatory bodies and other external contacts as necessary
Location:
Hybrid working. Work in the office when work needs dictate, at 91-94 Lower Marsh, London SE1 7AB
Post:
100% Period Permanent
Salary:
£50,000 to £56,850
Other As defined in our standard terms and conditions
REDR UK AND THE WORK WE DO
Every year, hundreds of millions of people around the world are affected by natural disasters and conflict. RedR UK is an international disaster relief charity which saves lives by giving aid workers the vital skills they need to do their jobs to the highest possible standard.
RedR UK provides training and technical support to NGOs and thousands of people each year in everything from providing emergency shelter to staying safe in the field, from project management after emergencies to essential water and sanitation skills and more.
RedR UK is also a Membership organisation, with a global network of 1,800 Members, all of whom are experienced humanitarian professionals. The RedR UK Membership is a mark of quality, enabling aid workers to obtain professional recognition of their skills and experience. RedR UK has offices in the UK and Jordan and works in over 40 countries each year.
RedR UK is part of RedR UK International, an international federation of organisations that share a common vision and mission.
RedR UK is committed to a strong, positive culture, with benefits for staff and those with whom we work. Our culture is also important to us in terms of our ethic of humanitarian impartiality and neutrality and our compliance with the Core Humanitarian Standard (CHS) and other professional codes of conduct.
Our values are vitally important to us as individuals, teams and to RedR UK as a whole. We are committed to a continuous process of strengthening our culture, maintaining the high standards required to work together effectively, and delivering first class advice and service to those with whom we work.
ABOUT THIS ROLE
RedR UK has offices in both London, UK, Amman, Jordan and a dormant presence in Sudan. It is able to open new offices in different locations in response to humanitarian emergencies. Our staff work in hybrid mode and are located in many countries worldwide with our main shared office workspace located in London Waterloo and an office in Amman. Our Associate Trainers (consultants) are also based globally. This role provides financial oversight and coordination of all offices while ensuring all controls are maintained. It is necessary to work in multi currencies, and a variety of methods of payment.
The FC role requires working with the SLT on monthly management accounts, cashflows, annual budget planning and quarterly forecasting. The successful candidate will also work with other members of the teams in the Charity to help prepare financial information for bids to funders. In addition, the FC will review projects to confirm financial outcomes and will assist project managers preparing end of project reports for funders.
The role is responsible for the preparation and production of financial statements, including all supporting schedules and reconciliations, and will be the primary contact with external auditors in both the UK and Jordan. The role requires a sound understanding of Charity accounting regulations and the ability to work with the auditors to ensure a clean audit. Financial reporting extends to required regulatory reports in all countries in which the Charity is active, and other ad hoc requirements, such as preparing documentation to support due diligence enquiries from financial institutions.
The Accounts Administrator reports to the FC and as such, this role is responsible for ensuring their support and development.
MAIN DUTIES AND RESPONSIBILITIES
Responsibilities Financial Reporting
- Prepare consolidated Financial Statements in accordance with Charity SORP FRS 102
- Own the relationship with the external auditors and ensure that all external audit requirements are met
- Responsible for overseas branch financial records, including audit
- Prepare returns for HMRC for Charity and Limited Company
- Work with SLT and business teams to prepare UK and overseas regulatory annual reports
Financial Control
- Responsible for policies, procedures and the internal controls around all accounting matters
- Responsible for ensuring strong controls over restricted reserves
- Oversee bank reconciliations and all other reconciliation processes across the Charity
- Oversight of payroll processing in UK and overseas
- Oversight of accounts payable process including overseas payments
- Responsible for management of multi-currency transactions and accounts
- Responsible for intercompany accounts
- Oversight of accounts receivables
Management Reporting and Budgeting
- Prepare monthly management reports and cash flows
- Analyse and discuss variances to budget and/or forecasts with business teams as well as the Trustee Treasurer
- Work with SLT and business teams to prepare annual budget and quarterly reforecasts
- Work with business teams as required on bid submissions, to review projects, and on end of project reports
Compliance/Regulatory
- Coordinate reports for Charity Commission/Companies House
- Liaise with overseas regulators on relevant topics
- Liaise with overseas legal advisors to ensure compliance with local legislation
Management
- Member of the SLT
- Attend the Finance, Audit and Risk Committee (FARC) of the Board
- Manage staff – the Accounts Administrator, responsible for Accounts payable
- Own the relationships with the external auditors and the banks, and liaise with other external stakeholders as necessary
- Take on any other ad hoc financial reporting, project or other requirement as appropriate
Skills Required
- Extensive experience and understanding of accounting for Charities
- Relevant accounting qualifications preferred
- Strong budgeting and forecasting experience
- Good knowledge of Quick Books and Excel. Experience with ‘Fluidly’ cashflow forecasting application would be a bonus
- Strong analytical skills and attention to detail
- Ability to work with others in a constructive way
- Honesty and integrity are essential
How to apply
Email a CV and covering letter demonstrating your reasons for applying and suitability for the role to HR@redr.org.uk. Please note that we may contact suitable applicants before the closing date of 29th January, 2022