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We're seeking a proficient Finance Professional to oversee financial transformation for a charity client of ours in Oxford.
Candidates will be expected to be in the office as is required for the project so need to be local.
Client Details
Our client is a not-for-profit organisation, based in Oxford. They are committed to providing comprehensive support and resources to their community. Their team is composed of passionate individuals dedicated to making a difference.
Description
Project Overview: Following recent changes in key personnel, our client is undertaking a comprehensive review of its financial processes. This project aims to assess current workflows and systems to identify inefficiencies, streamline operations, and ensure all daily financial tasks are efficiently managed.
By optimising financial processes, this initiative will enhance operational effectiveness, improve system integration, and support the organisation's long-term growth.
Duration: 3 days per week for approx. 6 months
Rate: £300-400
Scope of Work:
- Process Mapping: Carry out a thorough review of current systems and conduct interviews with key stakeholders to develop a clear representation of current financial processes, contracts and systems, preventing the loss of critical knowledge.
- Efficiency Improvement: Identify inefficiencies, and bottlenecks in current financial operations and provide expert financial advice to recommend and design improvements.
- System Integration: Assess the functionality and limitations of current systems, understand how different financial and operational systems interlink (e.g., Xero, QuickBooks), and improve their integration.
- Process Re-engineering: Design new financial reports that support a streamlined and efficient finance department, ensuring best practices in financial management and compliance.
- Staff Training, Knowledge Transfer and Mentorship: Adopt a sensitive change management approach that minimises resistance and maximises user adoption. Ensure the redesigned processes are effectively implemented and ensure that staff are adequately trained to maintain and operate within the new framework. Review and define the job roles within the team and act as a mentor to the new Finance Manager.
- Business as Usual: Throughout the project, maintain business as usual for the finance department, overseeing the monthly financial ledger, ensuring accurate profit and loss statements, bank reconciliations, and reporting. Conduct monthly cash flow analysis and forecasting. Support the CEO and Fundraising Leads with funding bids and reports. Lead the preparation of year-end accounts and manage the annual audit process efficiently. Ensure all legal, tax, and regulatory obligations are met, maintaining full compliance with relevant standards.
Expected Deliverables:
- Comprehensive process maps of current financial operations.
- A detailed report outlining inefficiencies and areas for improvement.
- Proposed improvement plan presented to key stakeholders.
- Comprehensive support and training of new systems and processes
- A final implementation plan with recommendations for ongoing process monitoring.
Timeline:
- Phase 1: Process mapping and stakeholder interviews (Month 1)
- Phase 2: Identifying inefficiencies and drafting re-engineered processes (Month 2)
- Phase 3: System integration recommendations and implementation (Month 3-4)
- Phase 4: Staff training and transition support (Month 5-6)
Profile
Consultant Key Skills and Experience:
- Fully Qualified Accountant
- Proven experience leading a finance transformation project
- Strong understanding of how to drive change and improvements, examples must be clear on your CV
- Excellent communication skills with a focus on team motivation and collaboration.
- UK Right to work
- Local to Oxford
- Looking for £300-400 per day depending on experience and pay structure ( PAYE/Umbrella/ Ltd Co)
- Experience in the Charity sector is ideal but not essential
Job Offer
- Daily Rate of between £300 and £400 per day depending on experience and pay structure ( PAYE/Umbrella/ Ltd Co)
- 6 month assignment on a part time basis.
- Hybrid working. Oxford Office has parking.
- A temporary role with potential for extension.
This role would suit a Qualified Accountant with experience gained in mapping processes and implementing change. You may have done this as a Finance Director, Financial Controller, Finance Manager, Finance Consultant or as a Finance Business Analyst in a previous role
