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London Early Years Foundation

London Early Years Foundation

London Early Years Foundation

The London Early Years Foundation (LEYF) is social enterprise that has been providing early years education since 1903. Working with 3,000 families each year via 26 nurseries across London. LEYF believes that early years education is a catalyst for long-term change, and not simply a business in itself.

Professional

Location:
London, United Kingdom

Posted:
17 Jun 2014

Deadline:
Opportunity has expired

Salary details:

Salary £37,500 - £40,000 (Dependant on Experience)

7% Pension

Great holidays including Christmas week off!

Employer tags:
Industry:
Education
Social Enterprise
Esc Factor:
Social Impact
61479620-2927-4e13-95a4-54c9ac0c3d0e

Management Accountant

LEYF is looking to recruit a Management Accountant (and occasional Super-Hero) that can excel, focus and drive outstanding results

London, United Kingdom

Applicants are required to hold the relevant Visas/Work Permits

Salary details:

Salary £37,500 - £40,000 (Dependant on Experience)

7% Pension

Great holidays including Christmas week off!

Job Type:
Full-time
Level:
Mid Level
Escape Factors:
Social Impact
Function:
Accounting
Analysis
Finance
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About the Organisation

Early childhood intervention has been identified as one of the most effective and cost efficient ways of improving economic and social prospects. London Early Years Foundation (LEYF) has a proven model of delivering education and skilled holistic care that nurtures children successfully during their critical formational years. In operation since 1903 LEYF and always growing LEYF has recently secured £1.5 million social investment to support future growth.  

With social outcomes as equally valued as economic drivers, LEYF has established itself as one of the UK’s most successful social enterprises, winner of the prestigious National Business Award for transformation from a traditional charity to successful social enterprise. LEYF has been developing a mixed economy of provision for many years to ensure that all children regardless of background can access high quality day care provision. With its unique and socially inclusive approach, LEYF makes a real difference to the lives of more than 3,000 children and their parents every year.

About this Role

LEYF is a bold and entrepreneurial organisation aiming to double in size in the next three years.  To help secure its ambitions, LEYF is looking to recruit a Management Accountant (and occasional Super-Hero) that can excel, focus and drive outstanding results, and who is able to manage and steer the day-to-day delivery of managing the financial accounts, analysis and reporting whilst supporting the development of the business as LEYF strives towards its strategy to reach 5,000 children.

The post holder will need to deliver consistent financial information and analysis working with the small Central Office Team, supporting the leadership of a highly diverse and complex network of self-contained business units. This post holder will also need to support the Financial Controller in putting in place robust systems that will further improve business performance and keep things simple in an increasingly more complex market.

So LEYF is looking for a qualified or part-qualified accountant who wants to work in an environment where there is the ‘day-to day’ and there is the opportunity to be involved in projects that need ‘Superhero’ and ‘Superstars’. This is an existing post and the current post-holder is moving to work for one of our investors. We asked them to describe the role honestly and this is what they said.

“Moving from a large organisation into LEYF has been a breath of fresh air from a typical finance department and has given me the opportunity to be involved in a wide variety of projects and gain real insight into what it takes to run a business whilst delivering a social impact. The challenge is not only the day to day finances but also helping to drive a culture change to ensure that finance and sustainability is in everybody’s thoughts and taken into account when decisions are made at all levels. After 2 years in this role, having exposure to the journey to investment and growth, it has given me the business experience to move into a consulting role with a Big 4 firm. In addition, the team is unique in terms of the collaborative and fun atmosphere and the Directors are the most approachable I have ever encountered. I will always look back fondly at my time at LEYF and think this role is ideal for a newly or almost qualified accountant who is looking for a real challenge and the satisfaction of contributing to real social impact.”

                             CMc Current Management Accountant

                                                               16th June 2014

Job Summary:

To provide timely, accurate and compliant financial information to enable the organisation, at all levels, to take informed decisions in support of their strategic goals and to ensure it meets its statutory obligations with regard to information, confidentiality and security.

 Key Responsibilities:

  1. To ensure the accurate and timely production of financial information in a format which will maximise the ability of managers at all levels to make effective and informed decisions.

  2. To ensure that all departmental book-keeping, transactional processes, monthly trial balances, draft management accounts and dashboards are delivered in the required format and accurately to the Financial Controller in line with the organisation's accounting deadlines.

  3. To ensure that balance sheet accounts are reconciled and reviewed with the Financial Controller on a monthly/quarterly basis as required.

  4. To be responsible for ensuring that the nurseries understand the information they need to provide, in what format and to what timetables including; Occupancy audits Debt audits Coaching/training in finance for non-financial manage

  5. To maintain the chart of accounts and ensure the accounting system operates in an efficient manner.

  6. To build effective and professional working relationships with key stakeholders in order to ensure LEYF is able to engage and influence as appropriate and within professional requirements.

  7. To support the Financial Controller and Finance Director in the budgeting and forecasting processes and in the preparation of the annual audit pack and statutory financial statements

  8. To support other departments in project work by providing financial information, guidance and undertaking ad-hoc analysis and reporting as required.

Details of specific tasks and duties associated with these accountabilities will be agreed with the line manager as part of the performance management process.  Any reasonable duties may be assigned consistent with the nature of the role and its level of responsibility.

Problem solving/Decision making/Complexity

The role has a wide remit encompassing all the activities of finance department. Such activities include:

  • Budgeting
  • Working capital management
  • Forecasting
  • Balance sheet
  • Cash management
  • Bookkeeping
  • Variance analysis and associated commentaries
  • Credit control

The complexity of the role arises primarily from the need to build financial awareness and capability through the organisation so that decisions made, particularly as the organisation grows, are informed.  There are significant risks associated with not addressing this need.  To achieve this goal the jobholder will need to improve both the processing of financial information, its analysis and presentation for decision making by the managers within the organisation.

Key decision areas against which the jobholder will be monitored include:

  • Developing and improving budgeting, forecasting and all other financial reporting and particularly variance analysis and commentaries.
  • Building effective working relationships with all other departments and ensuring they receive the right information in a format which they understand and helping coach them in how to best use that information
  • Ensuring the accuracy of transactional processes and their consequent translation into management accounting processes.

 Skills and Experience

Professional qualifications: Newly qualified or Part qualified CIMA or ACCA plus 2-3 years’ experience ideally within an SME environment or within an autonomous division of a larger organisation.

Knowledge of SORP 2005 Accounting and Reporting by Charities would be an advantage but is not essential.

Skills needed to meet the requirements of the role are:

  • Analytical skills
  • Ability to articulate, simply, the required outcomes of an activity or set of activities in terms of ‘what excellence looks like’
  • Ability to motivate and engage line managers
  • Strong influencing skills using a range of styles
  • Strong communication skills (written and verbal)
  • Ability to focus on the right activities/drivers
  • Strong problem-solving skills
  • Strong excel skills essential

 Some of the important personal qualities are:

  • Persistence and focus
  • Bias towards action and achievement - including willingness to work to tight deadlines, including outside normal working hours if necessary
  • Receptive to the ideas of others but able to make own decisions
  • Emotional resilience
  • Passion for excellence

 

This opportunity has expired
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