Senior Accountant (Grade M)

Location

Tower Hamlets, Greater London | United Kingdom

Job description

Job Category : Legal (Specialist)
Location : London Borough of Tower Hamlets
Hours Per Week : 25.00
Start Date : Immediate Start
Start Time : 09:00
End Time : 17:00
Salary: £29.33
Children’s Social Care Senior Accountant

MAIN PURPOSE OF THE JOB

1. Take responsibility for providing an efficient, effective and comprehensive finance service, promoting best practice across the Council.
2. Act as a single point of contact for the financial management support of Divisional Directors, Service Managers and Budget Holders. Develop a thorough understanding of a specific
   Service Area’s business, particularly in relation to the measurement and management of the activities that drive costs and advise on the optimisation of income in accordance with Council policies.
3. Lead on creating and implementing relevant and accurate financial models across a range of cost drivers, ensuring models and any assumptions are agreed and owned by the directorate
4. Contribute and challenge senior management and budget holders to ensure the financial forecasts and future budget plans are based on robust financial and non-financial information, and support prompt responsive and remedial action
5. Work with accountants across the finance function to share learning and best practice across the teams.
6. Contribute to the production of the council’s financial annual accounts to be accurate and free of error in accordance with financial standards, and the statutory timetable, including those for the Council’s Pension Fund, Group Accounts and Whole Government Accounts.
7. Supporting the delivery of the Medium Term Finance Strategy (MTFS) for revenue and capital
   DUTIES & RESPONSIBILITIES
8. Act as a single point of contact for the financial management support of Divisional Directors, Service Managers and Budget Holders. Develop a thorough understanding of a specific
   Service Area’s business, particularly in relation to the measurement and management of the activities that drive costs and advise on the optimisation of income in accordance with Council policies
9. Support the Finance Management Team to deliver a proactive finance service to directorates that ensures directorates develop their financial knowledge, skills and capabilities.
10. In conjunction with the Senior Accountant, develop the Council’s medium term financial plan and ensure financial risks and opportunities for the future are properly reflected in short, medium and long term sustainable financial planning using option appraisal, scenario building and sensitivity testing for both revenue and capital and represent ‘one version of the truth’
11. Work in partnership with Divisional Directors, Service Managers and Budget Managers in the analysis of costs in relation to performance to reveal opportunities for policy or process change, participating in any subsequent business case development and review of the financial impact of previous policy decisions to learn lessons and assess relative cost benefits.
12. Provide financial support to Divisional Directors, Service Managers and Budget Managers in forecasting both in year and future year income and expenditure, ensuring these are accurate, appropriate and are supported through activity and performance analysis
13. Work in partnership with other support services to identify opportunities to improve value for money and link financial information with activity based information
14. Support the Senior Accountants and contribute to the preparation of financial reports to Corporate Directors, Divisional Directors and Service Managers and Members, including Cabinet
15. Provide Divisional Directors, Service Managers and Budget Managers with strategic financial advice on range of complex financial and commercial issues including investment appraisals, large scale tendering exercises, financial modelling and transformation programmes.
16. Be responsible for matrix managing staff, focussing on workload management, ensuring deadlines and priorities are met.
17. Deputise for senior finance staff at meetings with senior managers as and when directed.
18. To maintain the Council’s medium term financial plan for revenue and capital and income and expenditure and ensure that it reflects all known financial pressures, opportunities and major projects and programmes. Where appropriate make recommendations on how the plan can be approved.

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