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[pic]Salford Credit Union, Brotherton House

1 Loganberry Avenue Salford M6 5UX

Email: info@

Website:

Finance Officer Vacancy

About Us

Salford Credit Union is a savings and loans co-operative, regulated by the Bank of England and the Financial Conduct Authority. We have been providing essential savings and lending services within Salford and surrounding areas for over 30 years. We aim to help local people get better off by providing affordable loans so people can move away from high cost lenders and loan sharks. We encourage everyone to save and improve their financial resilience.

We are a member owned, values driven business. As a cooperative, we put our members interests at the heart of what we do- we don’t have outside shareholders. Our Credit Union is a socially important organization within our city. This is an exciting time to join us to help us continue to grow and improve our services.

The Role

We have an exciting opportunity for a highly motivated individual to become the Finance Officer at our small, busy and friendly team in the heart of Salford.

The Finance Officer is a critical role for the Credit Union, which is regulated by FCA and PRA. You’ll be responsible for a wide variety of tasks, from contributing to strategy development to supporting the daily financial monitoring. You will be ensuring all funds are allocated correctly and ledgers maintained. You will be preparing financial accounts and forecasts, providing regular KPI reports and developing and monitoring the budget. You will liaise with suppliers to make sure invoices and remittances are processed accurately and efficiently. You will lead on collection of debts, working with members to achieve a sustainable solution. You will liaise with internal and external auditors, ensuring audit compliance is adhered to and be responsible for keeping all financial procedures documented and up to date. You’ll get induction, training and support with these tasks.

In all of this work we are aiming for continuous improvement, so you will work closely with the CEO and other team members to identify opportunities to make our systems and processes more efficient and better meet our members’ needs.

Benefits: £22,500 to £25,000 (depending on qualifications)

• Permanent role, Full Time (37.5 hour week), primarily office based

• Company pension and 28 days Annual Leave (including Bank Holidays) increasing annually

• Comprehensive induction provided and ongoing support 

• Company sick pay- linked to length of service

• Friendly, collaborative culture working with a team that really want to make a difference

What we’re looking for:

• Strong financial skills, showing knowledge of accounts preparation and bank reconciliations

• Professional financial qualification or working towards one

• Strong IT literacy including advanced working knowledge of Excel and willingness to learn new systems quickly

• Experience of performing analyses and creating reports with recommendations

• Understanding of the importance and principles of debt collection activities

• Able to process information with high level of detail and care

• Able to work with minimal supervision

• Excellent communication skills, both verbal and written, to build relationships with members, colleagues, volunteers, directors and third parties, understanding the need for discretion and confidentiality in everything we do.

• Able to manage diverse workload, highly organised and self- motivated and flexible

• Willingness to be an highly flexible and work collaboratively as an integral part of a small team providing mutual cover

• A fast learner, eager to gain new knowledge and experience

• Commitment to driving up standards to meet targets and improve customer service

• Able to personally commit to Credit Union values and ethos and work with enthusiasm to have a positive impact on the lives of others

DESIRABLE EXPERIENCE- recent graduates will be considered

• Experience in a finance role, including accounts preparation

• Experience of budget setting and monitoring

• Experience of providing financial reporting and analysis

• Experience of working with external and internal auditors

• Experience of Credit Control and understanding of the collections process

Key Activities and Responsibilities

1. To report on financial performance to the CEO and Board, and prepare other reports including monthly accounts and cash flow projections to ensure regulatory compliance is maintained, attending Board meetings as required.

2. To monitor day to day finances, co-ordinate bank and Treasury systems reconciliation activities and ensure accounting practices comply with appropriate standards

3. Liaise with suppliers including Payroll partners to ensure all remittances and invoices processed in a timely and accurate manner

4. To support the preparation, monitoring and review of Budgets and financial plans

5. Contribute to the implementation and development of Credit Control policies and procedures to minimise arrears and address bad debts. To include liaising with third party debt collection agencies and preparing reports on performance, provisioning for Bad Debts and developing recommendations for improvements

6. Contribute to compliance with statutory and legal reporting requirement including financial returns to the FCA, PRA and other regulatory authorities

7. To advise the CEO and Board on financial, accounting, treasury management and financial risk management policies, including in relation to investments and new products or services.

8. Assist with business planning and policy improvement processes by modelling financial and other data and providing analyses and recommendations.

9. Provide support to colleagues on financial related matters, to ensure policies and procedures understood and followed, ensuring all financial processes fully documented on ongoing basis.

10. To liaise with internal and external auditors and bring to the attention of the CEO any issues of concern.

11. To work with management on systems development, grant applications and other special projects as directed by the CEO

12. To undertake other duties as may be reasonably required consistent with the role.

Note for applicants

We’re a financial Co-operative so all Salford Credit Union staff are expected to:

• Become a member of Salford Credit Union

• Undergo a DBS check and credit check

• Complete a Confidentiality Agreement which remains binding after the individual leaves the credit union

• Be willing to have an NHS England Covid-19 vaccination at the earliest opportunity, to help safeguard the health of vulnerable members and co-workers

For more information about Salford Credit Union please visit our website at:  

Closing date for applications: midnight Friday 9th April 2021

Interviews scheduled for Wednesday 14th April 2021.

To apply, please email your CV and a covering letter of no more than 2 sides of A4 which sets out how you fit the job description and why you are right for the role to Sheila.murtagh@

To find out more or for an informal discussion, email our Chief Executive Sheila Murtagh at Sheila.murtagh@

Updated 25/03/2021

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