Financial Analyst

Background

Over the past 80 years, the International Rescue Committee (IRC) has developed unparalleled expertise in responding to emergencies and helping uprooted communities to rebuild. Founded in 1933 at the request of Albert Einstein, the IRC offers lifesaving care and life-changing assistance to refugees forced to flee from war or disaster.

The International Rescue Committee UK is part of the IRC global network, which has its headquarters in New York and London. The IRC is on the ground in more than 40 countries, providing emergency relief, relocating refugees and rebuilding lives in the wake of disaster. Through over 20 regional offices in cities across the United States, the IRC also helps refugees resettle in the US and become self-sufficient.

The IRC is committed to a culture of bold leadership, innovation in all aspects of our work, creative partnerships and, most crucially, accountability to those we serve. The IRC is a tireless advocate for the most vulnerable.

IRC-UK

IRC-UK, was established in London in 1997 to support the organisation’s global activities and particularly to diversify its donor base and be able to better advocate with European policy-makers on behalf of the people we serve. Since its establishment, IRC-UK has grown rapidly and is now acknowledged for its high quality project management, technical expertise in governance and rights and economic recovery, and innovative thinking on early recovery and gender based violence. IRC-UK comprises approximately 130 staff.

The IRC also has offices in Berlin, Bonn, Brussels, Geneva and Stockholm.**

The Purpose of the role

The Financial Analyst supports the Financial Planning & Analysis Manager – Europe (FP&A Manager – Europe) with a focus on IRC UK but also helping on projects with the wider IRC Europe team.

Specific responsibilities include developing budgets, reforecasts and models for income and expenditure; setting up a coding structure that enables financial monitoring; ensuring accurate coding of transactions; leading on monthly reconciliations between the fundraising CRM and the finance system; and producing, analysing, interpreting and reporting on financial data, including monthly management information to support business decision-making.

The role will also provide cover for other finance functions as required, as commensurate with the role.

Scope and authority

• The post holder does not manage any staff or have signing authority.
• Responsibility for resources. The post holder has no budget holder responsibilities.

Key working relationships

The Financial Analyst will report to the FP&A Manager -Europe and will work closely with the UK Head of Finance. They will also work regularly with UK budget holders and finance colleagues in Germany, Sweden and Belgium.

Key accountabilities

Budgeting and planning (20%)

· Support the FP&A Manager with analysis, review of submitted proposed annual and multi-annual budgets within the agreed organisational timetable.

· Coordinate budget and reforecast inputs.

· Assist in preparing the reforecast of income and expenditure twice per year, supported by budget narratives and analysis of return on investment of new investments.

Income and expenditure reporting and monitoring (20%)

· Produce, analyse, interpret and report on monthly data, including the monthly expenditure reports, to meet the needs of the UK team.

· Support an accurate and timely month end process.

· Work with budget holders on expenditure targets and ensure material issues are raised.**

· Tracking and analysis of fundraising appeals and projects; cost-revenue ratios by fundraising unit; as well as other KPIs on a monthly and annual basis.

Reconciliation between finance and fundraising systems (20%)

· Lead on monthly reconciliations between the fundraising CRM and finance system for the UK, Sweden and Germany. Incorporate relevant data into the appropriate management accounts, Board papers and Trustee Reports.

· Identify ways to improve the accuracy and efficiency of the data reconciliation, increasing automation and reducing the risk of errors in a timely manner.

· Document processes for financial management and reconciliation with respect to fundraising data.

Grant revenue recognition (20%)

• Perform fund balance reconciliations for all restricted grants and resolving issues with the Head of Finance.

Systems and controls (10%)

· Identify risks associated with financial systems, propose and detail controls or actions to mitigate such risks, and monitor the effectiveness of controls.

· Contribute to the design and implementation of finance and management reporting systems, including the organisation wide deployment of the new Enterprise Resource Planning solution.

General Support (10%)

· Work with the FP&A Manager Europe, Head of Finance and Senior Director of Finance and Operations on special projects on an ad hoc basis. **

· Support budget holders and other non-finance staff on queries regarding the areas covered by this role.

PERSON SPECIFICATION

Skills, Knowledge and Qualifications:

· Finalist or Qualified Accountant (CCAB recognised body)

· Strong financial and accounting skills

· Outstanding organisation skills including the ability to plan and prioritise work

· Ability to perform under pressure and prioritize effectively

· Ability to work with a wide variety of stakeholders across different locations

· Excellent interpersonal awareness and communication skills, both verbal and written

· A proactive approach to identifying issues and propose solutions or new procedures

· Ability to work with large volumes of data with accuracy and excellent attention to detail

Experience:

· Experience in carrying out financial reconciliations

· Experience crafting financial reports

· Experience working with large data sets

· Experience using SUN, Vision XL and Microsoft Dynamics 365 finance systems

· Experience working in a large complex organisation

· Experience explaining financial information to non-finance staff

You must have the right to work in the UK.

The application deadline is 4th January 2021. Interviews will take place from 13th January 2021.

IRC-UK strives to be an equal opportunities employer. IRC-UK is committed to equality of opportunity and to non-discrimination for all job applicants and employees, and we seek to ensure we achieve diversity in our workforce regardless of gender, race, religious beliefs, nationality, ethnic/national origin, sexual orientation, age, marital status or disability. IRC-UK welcomes applications from all candidates, including underrepresented groups and refugees who have the right to work in the UK.

IRC UK will ensure that individuals with disabilities are provided reasonable adjustments to participate in the job application and/or interview process, and for essential job functions if appointed to a role. Please contact us if you may need such adjustments.