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Head of Finance

Employer
Impetus
Location
London - Hybrid working
Salary
£56,000 per annum
Closing date
4 Jan 2024

View more

Function
Finance & Legal
Sector
Children & Youth
Hours
Full Time
Contract Type
Permanent
Seniority
Director / Head / VP

Job Details

IMPETUS TRUST

Exciting Finance Opportunity

Hybrid Working - At least two days per week in the Impetus office 

About the team

This is an important role based in a busy Operations team which covers office management, information technology, finance and human resources. The team play a key role in supporting the organisation to achieve its mission of supporting young people from disadvantaged backgrounds to succeed.

The Operations team comprises the Director of Finance and Operations, HR and Learning Manager, Head of Finance, the Finance and Operations Assistant and a part time Administrator. Payroll and IT support are outsourced.

Our most recent accounts are found here: Impetus accounts

 

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About the role

This is an exciting opportunity for a finance professional with an interest in the charity sector to play a key role in managing and developing Impetus’ finance function.

The Head of Finance will work closely with the Director of Finance and Operations to ensure effective financial planning, control and management which will ultimately contribute to helping Impetus achieve its mission of improving the lives of children from disadvantaged backgrounds.

As well as being responsible for the smooth running and management of day-to-day financial operations, with support from the Finance and Operations Assistant, the post holder will also have the opportunity to work on strategic projects such as developing our new finance system, reviewing and updating Impetus’ finance policies and procedures and working with senior colleagues on business planning.

The postholder will also be responsible for managing the relationship with Impetus’s outsourced IT provider. This will involve having oversight of IT projects and performance and supporting Impetus staff with queries.

The successful candidate will be full or qualified by experience and will have experience of charity accounting. In addition to the relevant technical skills, we are looking for someone who is committed to our mission, takes a proactive approach and has excellent people skills to build and maintain effective relationships with colleagues.

Key relationships:

Senior Management Team (SMT), Resources and Audit Committee and Operations Team. Liaison with the Investment and Philanthropy teams and outsourced IT support organisation. Maintaining effective relationships with auditors, bankers, suppliers and HMRC.
 

Key responsibilities

Financial Control

  • Ensure financial controls and the integrity of the financial records are maintained.
  • Complete month end processes and prepare monthly management accounts, KPIs and commentaries on a timely basis.
  • Supervise the finance component of the Finance and Operations Officer’s work.
  • Lead the audit process and preparation of statutory accounts from preparation to successful completion.

Financial Planning

  • Work with the SMT to prepare annual budgets and regular forecasts.
  • Monitor performance against budget throughout the financial year.
  • Develop projections and business models to support strategic and business planning.
  • Prepare the financial scoresheet to understand future reserve levels based on current projections. 
  • Support the Philanthropy and Investment teams with ad hoc analysis and reporting.

Governance

  • Preparation of papers for, and attendance at, the Resources and Audit Committee and Endowment Investment Committees.
  • Support the preparation of the Resources and Audit Committee’s component of Board papers and content for other committees as required.
  • Manage PEF 1, US-sister charity (501(c)3), including board meetings and working with Company Secretary to complete necessary filings.

Supporting the wider organisation

  • Business planning including tracking multi-year grant commitments and understanding the balance of reserves after future year income and grant commitments.
  • Support the Philanthropy team with donor reporting requirements, reconciliation of income received and reviewing of income against budget and forecast.
  • Manage the quarterly grant payment process, liaising with our Investment team to check whether milestones have been met.
  • Contribute to strategic projects and funding bids.

Audit and Taxation

  • Lead the relationship with the auditors, ensuring that the audit is delivered on schedule and all statutory filings are made on time.
  • Responsible for the preparation of statutory accounts and supporting schedules.
  • Liaise with tax advisors to ensure compliance.
  • Complete quarterly VAT returns and Gift Aid returns.

Treasury

  • Lead in the management of bank accounts and deposits.
  • Monitor and review cashflow forecasts.

Information technology

  • Contribute to oversight of the performance of IT support organisation and provide oversight on specific IT projects.
  • Be a point of contact for staff for queries and support.
  • Liaise with outsourced IT support company on site visits and ensure the technology in the office is well-maintained.

Management

  • Responsible for line management and development of the Finance and Operations Assistant.

 

Person specification

Essential

  • Qualified Accountant/qualified by experience - CIMA, ACCA, ACA or equivalent, or be currently a Part-Qualified Accountant with intent to qualify.
  • Experience of Charity accounting and preparing statutory accounts.
  • Experience of preparing and managing an audit process. 
  • Strong attention to detail with a clear and diligent working approach.
  • Excellent IT skills, including experience of using Microsoft Office; in particular Excel.
  • Ability to work independently and use initiative to manage a busy and varied workload.
  • A proactive and solutions focussed approach.
  • Excellent team player, willing to work flexibly and collaboratively to respond to changing organisational needs/priorities.
  • Excellent written and oral communications skills with the ability to communicate effectively in a range of formats to a range of audiences (e.g. reports, presentations).
  • Ability to explain finance procedures to non-finance people.
  • A commitment to Impetus’ mission.
  • A commitment to equality, diversity and inclusion.

Desirable

  • Experience of Xero or similar software.
  • Experience of using CRM systems, such as Salesforce. 
  • Experience of people/line management.

Diverse & Inclusive Recruitment Process

Our commitment to equality, diversity and inclusion

We believe that a diverse workforce leads to an organisation that is more open, creative and gets better results.

We want our team at Impetus to represent the diversity of the people and communities we serve. We also want our team to be one where different experiences, expertise and perspectives are valued, and where everyone is encouraged to grow and develop.

We want to reach a diverse pool of candidates. We are happy to consider any reasonable adjustments that potential employees may need to in order to be successful.

We recognise the importance of a good work/life balance. We do everything we can to accommodate flexible working, including working from home, working part-time job shares and other arrangements.

Please just let us know in your application or at any stage throughout the process (and beyond) if these are options you’d like to explore.

Impetus is an equal opportunity employer and is determined to ensure that no applicant or employee receives less favourable treatment on the grounds of gender, race, age, disability, religion, belief, sexual orientation, or marital status. We value diversity and welcome applications from people of all backgrounds.

Application Process

To apply please click on the "Apply on Website" button which will direct you to our site to complete your application and go directly to our hiring team.

Company

Impetus | Homepage

 

"We transform the lives of young people from disadvantaged backgrounds by ensuring they get the right support to succeed."

https://www.impetus.org.uk/careers

https://www.impetus.org.uk/

Watch our young people film "The Hidden Opportunity" here

About Us

We have a unique approach to working with our charities.

We provide them with long term, unrestricted core funding, the expertise of our dedicated investment team and access to our world class pro-bono network.

By making these charities stronger, better and bigger we contribute to reducing the gaps between young people from disadvantaged backgrounds and their better off peers in school attainment, access to university and finding and keeping a job.

We combine the lessons from our charities with our own research and share this learning to influence government policy and resources so that all young people can get the support they need.

The challenges we look to tackle

"Over 2 million young people live in poverty in Britain today - twice as likely to be out of a job or study after school"

"40% less likely to get good GCSEs with 40% less likely to go to university"

We provide a helping hand to charities with an education approach to teaching our younger generation the right ways to receive good grades and get one step closer to their aspirations in both school and university.

As they approach adulthood we provide programmes to help and aid in sustained employment as well as ways to tackle youth offending.

Exciting opportunities with Impetus

We believe every young person can succeed, whatever their background. If you agree with us, and you're committed, thoughtful, and brilliant at building deep relationships  then we’d love to hear from you.

Our testimonials

PHILANTHROPY TEAM

In our Philanthropy team, we’re passionate about building strong relationships with our donors to ensure that young people get all the opportunities that they deserve, regardless of their background.” - Hannah Lear - Philanthropy Manager

“I love going to our volunteering sessions with donors and young people. One of my favourite memories was an afternoon in a city office with a group of young people and volunteers – at the beginning everyone was nervous and quiet. But by the end of the session, we were all hugging each other good-bye. It’s those moments, where our two worlds collide, when I really see the power of Impetus’ work.” - Harriet Gugenheim - Director Of Philanthropy & Partnerships

I wanted to be part of Impetus’ mission because I care deeply about the third sector and the impact we can achieve. It’s possible to dramatically change lives by bringing the rights skills, experience, and passion together. Young people, our partner charities, donors and Impetus do just that and its magic to be a part of. - Bea Theakston - Investment Director

“Too many of my friends from school didn’t get the opportunities I did, but the charities Impetus works with are putting that right. I love to hear the inspirational before and after stories from the young people those charities work with. Transformational change is possible.” - Ben Gadsby - Head Of Policy & Research

 

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Social Media

As well as our upcoming growth opportunities please feel free to follow us on Social Media for the latest updates in the charity industry

Linkedin - @ImpetusTrust

Twitter (X) - @ImpetusUK

Vimeo - @ImpetusTrust

Facebook - @ImpetusUK

Company info
Website
Telephone
0777 443 7701
Location
1st Floor, Golden Cross House
8 Duncannon Street
London
Greater London
WC2N 4JF
United Kingdom

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