Job Specifications
Responsible to: Executive Director & Board of Directors
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Reporting to: Executive Director
Working hours: Part time 15 hrs per week, flexible working arrangements.
Starting salary: £18,000 p.a. basic. (Pro-rata for FTE @ £45,000)
Location: Hybrid working - home-based, with occasional attendance at shared office workspaces or other meeting venues.
The Finance Manager’s role is to oversee and help maintain the financial health of the Society.
Ynni Teg Cyf. (Fair Energy Ltd), is a community benefit society, based in Wales. We are a pan Wales developer of community-owned clean energy infrastructure, our mission being to enable communities to take greater control of our energy for a more resilient Wales. Our profits are used to meet our social objectives and we are expanding our commercial activities with the aim of doubling our turnover over the next 5 years.
We are for-profit and use our surpluses to meet our social objectives. We develop generating assets for shared investment and currently have a turnover of c.£450k, plus revenue and capital grant income. We are seeking to expand our commercial activities and double our turnover over the next 5 years.
We are now seeking an experienced, suitably qualified Finance Manager to strengthen the business.
Working closely with the Executive Director and Treasurer and liaising with our service providers, the role will involve monitoring and controlling our operational costs, overseeing day-to-day financial processes, preparing forecasts, financial models and reports, analysing new investment opportunities and ensuring regulatory compliance. The postholder may also be obliged to undertake other tasks, as reasonably requested, to support the Society's operations and the Ynni Teg Board.
The Society has contracted bookkeeper/accountancy services from Sharenergy Coop, that also provides company secretarial services and administration of shareholdings, and with another company as our payroll and pension administrator. We also have a call-off service agreement with Bevan Buckland LLP for advice on tax and investments.
The postholder will be supported to work from home and at our co-working spaces and provided with suitable IT equipment and a mobile phone. They will be expected to be in regular and frequent contact with the ED and senior team members and will be required to attend occasional in-person meetings with the ED or the staff team at our co-working spaces or other venues in Wales.
Please note that applicants for the post will not require a working knowledge of the energy sector or ‘community energy’ specifically, and that support will be available to help the postholder gain sufficient understanding of the energy sector for the purpose of undertaking the role.
Key Responsibilities
Financial Management:
Budgeting, Financial Control and Reporting: Developing and managing annual budgets, monitoring expenditures and cashflow against the budget. Preparing financial reports for executive, senior staff and Board review.
Financial Analysis and Forecasting: Analysing the Society’s financial performance to identify trends, variances, risks, and areas for improvement; work with the Executive Director and Treasurer to provide financial forecasts and insights to aid strategic decision making.
Investments: Supporting the Executive Director and the board with appraisal of prospective new investments, due diligence activities, securing finance, and preparation of share offers.
Accounting, Bookkeeping and Payroll: Oversee the services provided by the Society’s bookkeepers, accountants and payroll providers with regard to the management of the day-to-day financial records, transactions and payment of wages.
Grant Management: Supporting staff with securing of grant funds by providing financial information, and managing grant-related financial reporting and claims.
Regulatory Compliance: Ensuring compliance with HMRC, FCA and all other relevant f inancial regulations.
Company risk and insurance policies: Undertaking company risk appraisals and advising the board accordingly on financial risk management policies. Ensuring that the company maintains appropriate and adequate insurance cover.
Key Skills And Qualifications
Preferably qualified as either a Chartered Accountant or Chartered Management Accountant or similar with PQE in management accounting. However, candidates qualified by experience, or AAT Qualified candidates will be considered.
Ability to analyse financial data and prepare forecasts and reports.
Knowledge of relevant regulations and compliance requirements.
Strong organisation skills, able to prioritise and manage their workload.
A good communicator, ability to translate complex data into easily understood reports.
Desirable
Experience in project financing, commercial lending, fundraising and grant management.
The ability