Finance Manager

Job Title: Finance Manager

Reports to: Chief Financial Officer

Direct Reports: Finance Officer, Procurement Officer, Payroll Officer

Reporting to the Chief Financial Officer, in this role you are expected to be a professional lead within your respective area of finance, provide expertise and high-quality financial services to stakeholders, proactively contribute to the achievement of the finance department’s vision, and contribute towards an innovative, high performance and continuous improvement culture. The Finance Manager is expected to make a significant contribution towards building a sustainable, effective service that delivers value for its employers and members through leadership on financial stewardship, insight and innovation.

• Co-ordinate, manage and direct the work of the team, ensuring compliance with International Financial Reporting Standards, applicable Regulatory Framework and Guidelines, and the Credit Union By-Laws.
• Manage and motivate the team by providing coaching, mentoring, training, professional development opportunities, and appropriate performance management.
• Provide strategic guidance and advice on revenue and capital budgets, supporting the financial planning and budgeting process.
• Monitor and advise on the overall revenue, capital and budget position throughout the year, providing senior managers and budget holders with support and guidance in their budget management role.
• Monitor subsidiary (e.g. BPWFH, Legacy Foundation, BPWCCUL) and consolidated budgets; produce monthly subsidiary and quarterly consolidated financial statements and reports showing budget-to-actual performance.
• Ensure that expenditure is within budgetary requirements for business entities as assigned.
• Approve journal vouchers in accordance with delegated authority limits; approve payment requisition vouchers within policy limits.
• Manage operational data, ensuring data integrity and accuracy; monitor adherence to departmental timetables.
• Monitor the assets of the Credit Union and assigned business units to ensure they are accurately recorded and adequately insured.
• In consultation with the CFO, plan, manage and co-ordinate year-end audits and prepare Audited Financial Statements for the Credit Union, assigned subsidiaries and/or affiliated companies on an annual basis.
• Maintain financial processes to ensure they are fully documented and liaise with the Assurance Functions to ensure appropriate controls are maintained and risks are mitigated; highlight any issues of concern or possible control breaches to the CFO.
• Prepare regulatory returns in compliance with the law; review and ensure the accuracy of statutory returns; prepare schedules relating to statutory and monthly internal audits.
• In consultation with the CFO, provide financial advice, information and support to the Board and committees.
• Provide relevant financial information and advice, and lead on assigned corporate initiatives, cross-service projects and external projects.
• Review all functions in accordance with established quality control standards.
• Review the effective functioning of all accounting systems, financial policies and procedures, and ensure their development or revision as required.
• In consultation with the CFO, work with the Credit Union, assigned subsidiaries and/or affiliated companies’ management teams on systems implementation, leading on accounting and financial reporting implications.