JOB DESCRIPTION

Financial Reporting

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Oversee the timely and efficient production of all statutory reporting.  Jewish Care has a March year-end.  Our aim is for statutory reporting to be prepared in the last quarter of the financial year end, updated post year-end and signed off at the July Board.  There will be an interim audit towards the end of the financial year and a final audit in May and June every year.  In order to meet these tight deadlines and to ensure statutory reporting is timely and efficient, income recognition processes happen throughout the year and balance sheet reconciliations happen every quarter during the year.  Any process or control improvements identified by the audit happen during October and November and are completed by the end of November.  There is a financial reporting manager (who reports to the Senior Manager Accounting and Reporting) in the team who is responsible for producing all statutory reporting, all audit deliverables, for managing the completion of income recognition processes and balance sheet reconciliations and for managing the implementation of any process and control improvements.  That FR manager is also responsible for the integrity of Jewish Care’s balance sheet.   The Senior Manager Accounting and Reporting owns the relationship with Jewish Care’s Auditors and is responsible for ensuring that relationship is collaborative and constructive. 

Management Reporting

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Manage the timely and efficient production of all monthly management reporting supported by a team of three management accountants.  Specially the incoming Senior manager will need to guide the team to develop a full set of insightful management reports for all Lines of Business within Jewish Care that combine non financial and financial information and will need to make the month end process a great deal more efficient and shorter than it is today.  Attend Directors meetings once a month and take Directors through an insightful management report including highlighting any LoBs that are falling behind budget and the forecast full year forecast.  Hold similar meetings with Community Services, Social Work and all Support Functions on a quarterly basis.    

Planning

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Jewish Care run three rounds of planning during the year at varying levels of detail:  Long Term, Three Year and Budget.  At the September Board, a long-term plan including a long-term investment plan is reviewed.  At the November Board, a Three Year Plan is presented and at the March Board the Budget is presented.  The Senior Manager Accounting and Reporting manages the planning processes and reviews the consolidation (the consolidation is done by the Systems Accountants).   The Management Accountants work with the lines of business to produce the budgets for Community Services, Social Work and all Support Functions. 

Forecasting

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Manage the production of a monthly unders and overs forecast (with the unders and overs being worked out with reference to the YTD financial results and key financial drivers) from the end of the first quarter. 

Treasury

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Own the relationship with Jewish Care’s bankers, Barclays.  Manage the overdraft facility.  Maintain a summary of key terms for all loans and a loan repayment schedule.  Produce all loan reporting that goes to the bank. 

Staff and Team development

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The team is made up of four people, a Financial Reporting Manager and three Management Accountants.  The Senior Manager Accounting and Reporting is responsible for creating a high performing team that delivers value to Jewish Care.  This will involve reviewing and changing job specs, evaluating whether current team members have the right skill set for the amended roles, setting and managing objectives and providing challenge and development for all team members.  Particularly in the initial phase, staff and team development will take up a significant part of every week.   

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