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Head of Financial Accounting

Durham University - Finance

Location: Durham
Salary: £57,696 to £64,914
Hours: Full Time
Contract Type: Permanent
Placed On: 31st May 2024
Closes: 16th June 2024
Job Ref: 24000989

The Role and Department

The Transactional Financial Team represents the larger part of the Finance Department and includes all the processing and compliance functions including e.g., Cash Management and Reconciliation, Accounts Payable, Student Services and Credit control approx. and responsibility for the Financial Accounts (FTE 47). The Head of Financial Accounting is a key role within the Finance Department, reporting to the Financial Controller.

The role is responsible for the Accounts Payable, Cash Management and Balance Sheet Reconciliation and Financial Accounts Teams within the wider Transactional Finance Team. The role includes Treasury services Team (FTE 9), Accounts Payable team (FTE 12) and Financial Accounting Team (FTE 10). The areas covered by these teams are cashiers, posting all bank statements receipts and payments both sterling and foreign, Payroll Reconciliations, Bank Reconciliation, Balance Sheet Reconciliation, Cashflow forecasting daily/weekly/monthly, Endowments, Loans etc., payment of invoices, BACS runs, and preparation of lead schedules for external audit.

Interviews are expected to take place on Monday 8th July 2024.

Further information about the role and the responsibilities is at the bottom of this job description.

Working at Durham

A competitive salary is only one part of the many fantastic benefits you will receive if you join the University: you will also receive access to the following fantastic benefits:

  • 30 Days annual leave per year in addition to 8 public holidays and 4 customary days per year – a total of 42 days per year.
  • We offer a generous pension scheme, As a new member of staff you will be automatically enrolled into this University Superannuation Scheme (USS).
  • There is a genuine commitment to developing our colleagues professionally and personally. There is a comprehensive range of development courses, apprenticeships and access to qualifications and routes to develop your career in the University. All staff have dedicated annual time to concentrate on their personal development opportunities.
  • On site nursery is available and access to holiday camps for children aged 5-16 throughout the year.
  • Discounts are available via our benefits portal including; money off at supermarkets, high street retailers, IT products such as Apple, the cinema and days out at various attractions.
  • A salary sacrifice scheme is also available to help you take advantage of tax savings on benefits.
  • If you are moving to Durham, we can help with removal costs and we have a dedicated team who can help you with the practicalities such as house hunting and schools. If y ou need a visa, we cover most visa costs and offer an interest free loan scheme to pay for dependant visas.
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