Finance Officer (closed)
Title: Finance Officer
Accountable to: Head of Finance
Salary: £25,000-£30,000 per annum (depending on experience)
Location: Central London
Contract: Full time
About the Education Endowment Foundation (EEF)
The Education Endowment Foundation (EEF) is an independent grant-making charity dedicated to breaking the link between family income and educational achievement, ensuring that children from all backgrounds can fulfill their potential and make the most of their talents. The EEF was set up in 2011 by The Sutton Trust, as lead charity in partnership with Impetus Trust (now part of Impetus–The Private Equity Foundation), with a £125m founding grant from the Department for Education. The EEF and Sutton Trust are, together, the government-designated What Works Centre for improving education outcomes for school-aged children.
The EEF offers grants to a wide range of organisations (schools, local authorities, universities and charities) to test new ways of improving the educational performance of 3-18 year olds; develop their essential life skills; and prepare them for the world of work and further study. All EEF projects are set up and run as rigorous trials, allowing us to build our understanding of what works in improving outcomes for children and young people. Ensuring this growing evidence base is put to good use and has real impact in nurseries, schools, colleges and other settings is a major priority for the EEF over the next five years.
Since its launch in 2011 the EEF has awarded funding to over 180 projects, reaching over 10,000 schools and 1m pupils. The Teaching and Learning Toolkit, developed by the EEF in collaboration with the Sutton Trust and Durham University, provides an accessible introduction to education research, and is used by two thirds of head teachers in English schools to inform decision-making.
Due to the recent growth and development of the EEF, a new position of Finance Officer has been created in order to provide additional finance support to all areas of the organisation and assist with the management reporting and statutory reporting requirements of the charity. The EEF is seeking a highly motivated and enthusiastic Finance Officer to join the team and provide crucial support on a range of key finance functions.
Reporting to the Head of Finance and Operations, the successful candidate will be responsible for managing both the sales and the purchase ledgers. This will involve processing invoices into QuickBooks as well as ensuring invoices are approved for payment by liaising with key budget holders. The role also carries responsibility for completing monthly bank reconciliations and assisting the Head of Finance and Operations in completing month-end, quarter-end and year-end processes, and assisting with preparing annual budgets.
The Finance Officer will report to the EEF’s Head of Finance and the key duties will be:
- Maintaining the Office Purchase Ledger including processing supplier invoices, staff expense claims, reconciling statements and making supplier/staff expense payments.
- Maintaining the Grant Ledger including processing grant invoices and making grant payments
- Maintaining the Sales Ledger, processing programme related invoices and allocating receipts.
- Cash management including checking bank transactions daily and producing regular bank reconciliations of bank accounts.
- Maintaining accurate records of both unrestricted and restricted fund transactions including receipts, grants, expenses and cash balances.
- Processing company credit card transactions for business expenditure.
- Providing timely and accurate financial support to the programmes, development and research teams to assist them with forecasting, budgeting, reconciliation and reporting.
- Assisting with month end procedures and production of monthly and quarterly management accounts under the direction of the Head of Finance.
- Assisting with gathering monthly payroll information and reviewing monthly payroll reports
- Assisting with the administration of the auto-enrolment pension scheme
- Assisting with the year-end statutory accounts preparation, audit and budget setting process
- Carrying out administrative tasks to support the team
- Ensuring that the filing is done in a timely manner and that all paperwork is up to date
- Other duties as necessary from time to time
- Undertake other duties which may from time to time be requested by Chief Executive / Deputy Chief Executive
You will be joining a small and focused team to deliver strong financial support to the whole EEF team. You will have two or more years’ experience of working in a busy finance department with responsibility for similar tasks (preferably in the not for profit sector) and you will have excellent numeracy skills and strong verbal and written communication.
We are looking for an individual who:
- Is Degree educated (or equivalent/qualified by experience)
- Is AAT qualified or holds a similar qualification or is willing to study towards an accountancy qualification
- Has a sound understanding of double entry book-keeping, accruals and prepayments
- Has the ability to work quickly and accurately, paying attention to detail to ensure transactions are correctly processed
- Has the ability to work independently and use initiative
- Has excellent organisational skills
- Has a strong interest in education and in particular an understanding and commitment to the aims of the EEF
- Is curious about the EEF’s activities, projects and developments and willing to learn and understand how the organisation operates.
- Is personable, flexible and discrete; able to fit in to a small team
- Has working knowledge of Quickbooks Online or similar accounting software
- Has an excellent working knowledge of Microsoft Office, particularly Excel
- Is eligible to work in the UK
How to apply
Please provide a CV and cover letter to Belton Bass at Harris Hill (firstname.lastname@example.org) by Thursday 13 June 2019.
Please refer to our Job applicant privacy notice here.