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Head of Finance (IT Services)
- Member of the Senior Management Team and leading the departmental finance team.
- Business Partnering role reporting to the Head of Department (CIO).
About Our Client
University of Oxford
The University of Oxford aims to lead the world in research and education for the benefit of society both in the UK and globally. Oxford's researchers engage with academic, commercial and cultural partners across the world to stimulate high-quality research and enable innovation through a broad range of social, policy and economic impacts. Oxford University is currently ranked #1 in the world.
IT Services provides strategic leadership in IT for the University of Oxford. We ensure that the University has the modern, robust, reliable, high-performing and leading-edge IT facilities it requires to support the distinctive needs of those engaged in teaching, learning, research, administration and strategic planning. Headed by the University's Chief Information Officer, has over 400 staff across 4 buildings and a gross annual revenue budget of £30m and an IT capital plan of approximately £110m across five years.
The postholder will lead the finances of one of the key services that supports a world leading University. The postholder will ensure that effective and resilient financial processes and controls are in place but also have the freedom to bring new ideas and approaches to the management of an ever changing and evolving service.
He or she will ensure that the financial position is closely monitored and that timely, accurate management information is provided to the Chief Information Officer (CIO), managers and stakeholders (internal and external to the Department).
The postholder will promote understanding of the financial implications of decisions through high quality financial information and reporting as well as the use of strong influencing skills. He or she will also play a key role in maintaining the overall financial health of IT Services as well as maintaining the wider financial reputation of the department with other stakeholders within the organisation.
Financial Strategy and Planning
- Provide leadership in financial planning and budgeting as a member of the Senior Management Team (SMT) for both revenue and capital budgets.
- Contribute to the development of the Department's strategic plans, and develop the associated financial plan.
- Be able to participate in ad-hoc projects, safeguarding the financial interests of the department & the University
Team Management and Leadership
- Lead and manage the departmental finance team of eight, setting annual team objectives and taking full responsibility for training and development of staff.
- Set and monitor the overall strategic goals of the Finance team and the individual goals of the three subsections (General Ledger, Projects and Purchasing).
- Represent the department as the key contact for all finance related matters with the Divisional Financial Controller and other Finance Division Officers, academic staff, other academic departments and external parties (e.g. suppliers, Colleges).
- Be an effective business partner by working with budget holders throughout the department, promoting the importance of cost control and advising and challenging staff to achieve best practice.
- Working with the team identify, develop and implement effective and resilient financial processes and controls which are fully compliant with University and other, external requirements.
- Maintain a financial reporting model for the department
Financial Reporting, Management Information and Advice
- Give sound financial advice to the CIO and departmental staff at all levels. This will include providing expert financial analysis and guidance and proposing and implementing solutions to complex financial issues.
- Design and maintain consolidated month-end, quarter-end and year-end reporting processes, ensuring the department's financial position against budget is effectively monitored and appropriate investigative or corrective action taken.
- Develop and implement systems to share management information with key stakeholders inside the department and beyond, ensuring timely, accurate data is provided and key issues are identified for consideration
- Develop strong networks with key contacts in Central Finance (e.g. Tax, Payroll, Payments, Financial Reporting) , academic departments and elsewhere.
The Successful Applicant
- CCAB Qualified Accountant (ACCA, CIMA, ACA, CIPFA)
- Demonstrable leadership and line management experience.
- Confident with communicating to non-finance stakeholders.
- Able to tackle financial issues strategically and contribute to departmental policy and decision making.
- Ability to engage, network and partner with a diverse peer group effectively.
- Flexible in approach to manage a changing / growing environment.
What's on Offer
£45,000 to £57,000 + small market supplement + USS Pension + 30 days holiday exclusive (part time working down to 0.8 FTE and flexible work arrangements would be considered).