If you’re looking for a new, exciting challenge, read on. Due to retirement, we’re looking to appoint a Finance Manager with strong accounting skills as well as knowledge and experience in preparing financial reports, forecasts and budgets.
In this challenging role, as part of the Cowes Harbour Commission (CHC) senior leadership team, the Finance Manager reports to the Chief Executive for all line management responsibilities. You will be responsible for the financial management and monitoring of all CHC resources ensuring effective and accurate recording and accounting procedures, good practice and ensuring that effective audit processes are in place that comply with all Company, Statutory and Legal requirements placed upon CHC.
In addition, you will produce annual budgets and forecasts, management accounts, board reports, manage cash flows and liaise with CHC’s auditors to produce all the paperwork necessary for the annual accounts.
We are looking for an effective and experienced Finance Manager who strives for continuous improvement, inspires positive communication, and motivates team members on a daily basis to deliver the goals set for our thriving harbour. In conjunction with the CEO, you will be required to support the achievement of the Cowes Harbour Strategic Plan for the benefit of its stakeholders and to maintain and improve the organisation’s commercial performance.
Duties will include:
- Accountable for financial delivery by ensuring that effective financial planning and management is embedded across CHC, ensuring the ongoing commercial success, viability, and stability of the organisation.
- Ensure the delivery of the most effective and efficient processes and procedures for CHC.
- Work collectively and collaboratively as a member of the senior leadership team to ensure that functional responsibilities are delivered and prioritised specifically in support of the strategic objectives of CHC.
- Promote and deliver a safety-first culture ensuring the highest standards in health and safety for CHC employees and harbour users.
- Always promote and role model the organisation’s values.
- Ensure the delivery of CHC’s financial objectives, adopting a commercial mindset and actively seeking revenue-generating opportunities.
- Ensure an exceptional customer experience, putting the customer at the heart of all actions and decisions.
- Proactively support, manage and develop our people capability – giving clarity of expectations and objectives, and providing timely feedback and coaching to enable them to deliver.
- Act as an ambassador and represent CHC on all appropriate local, regional and national events and forums relevant to the post.
- Financial management and monitoring of all CHC resources ensuring effective and accurate recording and accounting procedures, good practice and effective audit processes are established that comply with all Company, Statutory and Legal requirements placed upon CHC.
- Produce annual budgets and forecasts. Produce, management accounts, manage cash flows and liaise with CHC’s auditors to produce all the paperwork necessary for the annual accounts. Prepare and deliver regular reports to the Commissioners.
- Develop and manage financial strategies, systems and reporting, ensuring timely relevant and accurate management information to employees, Board and other approved bodies (Trust Port, Department of Transport, grant aid bodies etc.).
- Act as the authorised finance official for HMRC, the Department of Transport and CHC and update relevant records/information in these organisations.
- Manage VAT matters, looking at efficient ways of reducing VAT liability and keeping abreast of current VAT legislation.
- In conjunction with the Chief Executive, manage the arrangements for, and the delivery of, all board meetings and ensure that any outcomes deriving there from are accurately recorded and implemented through the Senior Leadership Team and other employees within CHC.
- To maintain the Fixed Asset Register
- Prepare and run payroll, actioning any changes to salaries, and raising BACS payments for checking and authorising to the agreed monthly timetable.
- As CHC’s nominated Pension Funds Manager, coordinate, disseminate and act on all requirements of the CHC Pension Fund.
- Support and manage employee recruitment, onboarding and exit processes.
- In conjunction with the Marine Services Manager and Harbour Master, develop and manage an annual Training Plan and budget.
- At all times ensure that working practices are in line with the requirements of CHC’s Health and Safety Policy and generally seek to ensure the safety of CHC’s employees, partners, tenants, visitors, and customers.
- To support the wider CHC team when required for events over and above the normal day-to-day running of the organisation ensuring that commercial opportunities are maximised.
- To actively engage with any special projects and annual events / large public festivals that occur from time to time over and above the normal day-to-day running of the operation ensuring that all commercial opportunities are maximised.
- Any other duties that fall within the scope and spirit of the post.
This is a full-time, permanent position. A competitive salary will be dependent on experience, plus company benefits and a bonus based on individual performance.
NB. The nature of the post may require a commitment to CHC outside of normal working hours (e.g. weekends, evenings, Bank Holidays, etc.). Out-of-hours working will be compensated in line with CHC policy.
Post holders will be accountable for carrying out all the duties and responsibilities with due regard to the CHC’s Health and Safety and Equal Opportunities Policies.
Duties, which include processing of any personal data, must be undertaken within CHC’s data protection guidelines and in line with current data processing legislation e.g. GDPR.
Please note, although the organisation holds a flexible working policy, the successful candidate will be required to live on the Isle of Wight.
The role is based between our sites in Cowes and East Cowes as required.
Cowes Harbour is a Trust Port, which means it has no shareholders or other owners but is managed for the benefit of its users. It is run by a board of 10 harbour commissioners appointed through a public selection process, who give their time on a voluntary basis. As the Commission has no shareholders, any surplus funds raised through its activities are reinvested back into the harbour and its facilities, to the benefit of everyone that uses the harbour.
CHC’s main function is to be the Statutory Harbour Authority for Cowes and to undertake commercial activities so that it can be self-financing. As a publicly accountable body, CHC strives to ensure that it maintains proper standards of transparency, accountability, integrity, and honesty, as befits the important role of the commission; CHC, therefore, has a clear policy and strategy to support and encourage the local economy