Finance Director – London

About The Sigrid Rausing Trust

The Sigrid Rausing Trust is a highly respected grant making foundation based in London with a 2018 budget in excess of £27 million. Since its inception in 1995 the Trust has made grants totalling almost £300m.  Its trustees award around 300 grants each year, supporting human rights organisations all over the world.

About the Role

Reports to:
Executive Director

The Finance Director will be responsible for all aspects of the financial operations of the Trust, working closely with the Executive Director and the Chair of the Board. He or she will oversee the Trust accounts, transfers of grants, and make sure that all business operations at the Trust are effective and comply with all regulations. The Finance Director will be part of the senior management team, with the Executive Director, the Director of Programmes, and the Secretary to the Board.  The Trust employs nine other programme staff and three administrative staff.

Key Responsibilities

Finance:

  • Provide effective management of the financial resources of the Trust to ensure future stability and best use of funds. There is no significant investment management in this role.
  • Prepare annual budgets and three year projections.
  • Advise staff and Trustees on grant-making and planned projects in light of the available funds.
  • Produce timely, clear and accurate management information to the Trustees and seek formal decisions from them.
  • Produce regular management accounts.
  • Responsible for timely and accurate preparation of annual statutory accounts in accordance with the requirements of the Charities SORP.
  • Implement any actions recommended by the auditors or the Board following the audit.
  • Manage the risk of loss or waste by making sure the financial controls are robust and up to date.
  • Oversee the payroll function, ensuring adequate internal controls are in place.

Grants:

  • Manage the Trust’s financial due diligence processes, in line with best practice and the requirements of HMRC and the Charity Commission.
  • Work with programme staff to oversee that payments are sent to grantees on a timely basis, and to minimise exchange loss when making payments in foreign currency.
  • Advise programme staff as needed on the financial assessment of grantee organisations.
  • Oversee the maintenance and development of the Trust’s grantee database (GIFTS) and the implementation of best practice among staff to enable information capture, potential grantee targeting, ongoing grantee communication, and reporting to Trustees.

Trust Staff:

  • The Finance Director will manage a team of three staff: the Grants Administrator and Finance Officer, the Office and Communications Manager, and the Programme Coordinator. The Finance Director also manages the IT Manager, who is retained by the Trust on a part time basis.
  • Responsible for all policies and procedures in relation to human resources at the Trust.
  • Responsible for payroll and pensions, and for maintaining confidential staff records.

Business Processes:

  • Oversee business processes at the Trust, including the policies and practices of the organisation and advise on necessary improvements.
  • Oversee the Trust’s digital security and the security of its data, communications and physical assets.
  • Manage the administrative budget.
  • Monitor and report on activities and provide relevant management information.

Other:

  • Monitor legal requirements and changes in legislation, particularly in relation to the Charity Commission and employment.
  • Ensure appropriate insurance cover is in place.
  • Oversee purchasing and control of equipment and supplies.
  • Risk management and reporting.
  • Oversee the travel budget.

Person Specification

Skills:

  • An excellent university degree plus a professional accountancy qualification.
  • Budgeting and financial skills.
  • Interpersonal and team working skills.
  • Excellent organisational skills.
  • Good communication skills, verbal and written.

Personal Qualities:

  • Confidence in working with a committed Trustee Board, all eminent in their field.
  • Able to manage and motivate a small professional team.
  • Excellent interpersonal and social skills.
  • Empathy for the ethos of the Trust and demonstrable interest and enthusiasm for its purpose.

How to Apply

To apply for this role, kindly send through a Microsoft Word version of your CV and a cover letter detailing why you are suited to this role. Please mark it for the attention of Tim Wingrove and Laura Perl, email address: applications@redseasearch.com.

Please subject your email with the following reference: SR-TRUST-FD.

Please note that the interview dates for this role will be confirmed with you should your application be successful.