Job Description
NB: We’re hiring on a rolling basis for this role and will review applications as they come in. We would love to hear from you so please apply early, as the role will close once we find the right candidate.
Purpose of job
The Financial Controller is responsible for the accuracy, integrity, and efficiency of Watershed’s financial operations across the Trust and Trading Company. This includes management and statutory accounting, financial controls, compliance, reporting, and cash flow management.
The role provides reliable, timely financial information to the Leadership Team, and Board, and ensures we are meeting the needs of our external funders on financial matters. The Financial Controller manages the finance team and works closely with budget holders across the organisation to support sound financial decision-making.
Main responsibilities
Financial control and compliance
- Maintain and develop robust financial controls to mitigate the risk of fraud and error across both the Trust and Trading Company
- Ensure all financial activities comply with relevant legislation and regulations, including Charity Commission requirements, HMRC obligations, and company law
- Lead Watershed’s annual audit process and prepare statutory accounts for both entities
- Maintain and develop finance policies and procedures, ensuring these are clearly documented and consistently applied
Management accounts and reporting
- Ensure accurate and timely monthly management accounts are delivered for both the Trust and the Trading Company
- Provide clear financial reporting to the CEO, Senior Management Team, Finance Committee, and Board of Trustees on financial performance, risks, and resilience
- Prepare financial reports for key funders including Arts Council England and the British Film Institute in line with their requirements
- Manage financial reporting for other funders and statutory purposes as required
Budgeting and forecasting
- Lead a collaborative annual budget process with budget holders and the Senior Management Team, ensuring the budget is well-aligned to Watershed’s strategy and business plan
- Maintain an up-to-date rolling cash flow forecast for the Watershed group
- Produce reforecasts as required, providing clear variance analysis and commentary
Team leadership
- Line management of senior members of the Finance Team including performance management and professional development
- Foster a collaborative, well-organised finance function that is responsive and helpful to colleagues across the organisation
Additional requirements
- Attend Finance Committee and Board meetings as required
- Carry out any other duties reasonably required
- A Member of Watershed’s Extended Leadership team – attends monthly XLT meeting, feeds into organisational decision making and strategy
Key performance indicators
- Management accounts are produced accurately and to agreed deadlines each month
- Annual budget is developed collaboratively and signed off on time
- Strong stakeholder relationships exist at all levels
- Watershed remains compliant with financial legislation, with a clean year-end audit outcome
- Funder financial reports are submitted accurately and on time
- Finance team is well-managed and supported to develop professionally
Required skills
Essential criteria
- Fully qualified accountant (e.g. ACCA, CIMA, ICAEW or equivalent)
- Demonstrable experience in a similar financial controller or senior finance role
- Experience preparing management accounts and statutory accounts for a group structure or multi-entity organisation
- Strong understanding of charity accounting and Charity Commission requirements
- Experience with Xledger or similar cloud-based finance platforms
- Experience leading a finance team