Head of Finance

Central London

If you’re a qualified Accountant who’s looking for a hands on, and varied role within a prestigious organisation within the arts sector this could be the perfect role for you. Please note we will welcome applications from all sectors including commercial.

This role comes with 38 days paid annual leave, flexible working and a chance to be part of a great team.

The RADA Finance Department services all financial responsibilities within the Royal Academy of Dramatic Art and it’s commercial subsidiary RADA in Business.

Specifics of the role include:

  • Ensure that the financial accounts of RADA and RADA Business are accurate & up to date.
  • Set appropriate control procedures and monitor their implementation.
  • Responsible for regular reporting including VAT & monthly management accounts.
  • Manage the work of the Assistant Accountant and Finance Officers (currently 3.0 FTE with one role to be recruited).
  • Liaison with colleagues across RADA and RB, SLC, suppliers, customers & bank.

Duties:

Management

  • Training, supervising and delegating appropriate work to Accountants and Finance Officers.

Controls

  • Agreeing & establishing appropriate financial control procedures to protect RADA’s assets and monitoring compliance.
  • Assist with transition of accounting system to cloud-based platform

Financial accounting

  • Responsible for ensuring that all financial records are up to date and accurate, including student accounts, box office takings, petty cash, credit cards, intercompany accounts, investments etc.
  • Maintain Sage accounting system (inc. chart of accounts, month/year end routines).
  • Perform regular balance sheet account reconciliations and highlight any issues arising.
  • Report income and expenditure on restricted and endowment funds including bursaries

Taxation

  • Prepare & submit VAT and Gift Aid returns.

Management accounting

  • Posting month end adjustments to Sage.
  • Reviewing and posting work-in-progress and project accounting adjustments for RADA Business
  • Prepare monthly management accounts and circulate to heads of department & budget holders and discuss variances
  • Assist with periodic financial reviews, forecasts and budget preparation.
  • Prepare financial information for regulatory reports, projects and other ad hoc reports

Credit Control

  • Responsible for chasing outstanding sums due and escalating in line with agreed procedures.
  • Responsible for maintaining student ledgers and raising issues with Student Services.

Cash management

  • Monitoring cash balances and short term forecasts.
  • Authorise supplier payment runs and other payments.

Payroll

  • Ensuring information is entered correctly on payroll system.
  • Reviewing & posting monthly payroll journal
  • Report on variances to pay budgets.

 Audit

  • Preparing lead schedules, statutory accounts & supporting information for audit of statutory accounts.
  • Liaison with external auditors & answering queries as they arise.
  •  Liaison with CDD internal audit & answering queries as they arise.

 General

  • To promote Equality, Diversity and Inclusion at all times and ensure they are at the forefront of your thinking when undertaking your responsibilities.
  • To comply with Health and Safety legislation and ensure you are up to date with RADA’s Health and Safety Policy.

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