Reporting to the Diocesan Secretary and managing a team of four, the Director of Finance will play a key role in delivering the financial strategy of the WDBF by: ensuring the delivery of a high quality finance service; effectively and proactively managing change; and providing professional management information to enable the WDBF to exercise good stewardship over the resources entrusted to it.
Exercise oversight and control of the Diocesan finances and providing advice on current and future financial strategy and policy.
Ensure that Finance policy and practices within the diocese reflect best practice and financial developments in the Church of England.
Ensuring effective communication of financial information to the Synod, Bishop’s Council, Diocesan departments and throughout the diocese.
Contribute to the development of the Investment strategies for the Diocesan Assets and the implementation of these strategies.
Enable Bishop’s Council members and others responsible for governance to exercise wise stewardship over Diocesan assets by provision of analysis, reporting and training.
Compliance with all statutory and other financial reporting requirements, including being the link with Companies House and the Charity Commission.
Team leadership of the finance function to ensure quality team working, resilience and effective controls.
Advise Churches, Parochial Church Councils (PCCs) (especially treasurers) and deaneries on financial matters.
Model and develop plans and implement budgetary and financial policies that effectively deliver the overall strategy.
Identify risks and decide on procedures and methods to monitor and mitigate adverse financial effects of these risks to the assets and liabilities of DBF.
With the Chief Executive, decide on the appropriate form and content of the financial reports to Resources Executive Committee and Bishop’s Council.
Oversee the calculation, allocation and communication of Parish Share and the collection, monitoring and reporting processes, working with the Diocesan Stewardship Officer.
Manage the treasury function of the DBF and its relationships with the managers selected to manage the diocesan investments, including monitoring their performance.
Deputise for the Diocesan Secretary on financial matters during their absence.
Engage with the National Church, the Inter Diocesan Finance Forum, colleagues in other dioceses and other professional bodies to enable the DBF to adopt best practice.
Take a proactive approach to continuous professional and personal development of self and team.
Carry out such other duties as may be required by the Diocesan Secretary to secure the smooth operation of the diocesan administration as a whole.
The successful applicant must have a recognised professional finance or accounting qualification, have operated successfully in a senior finance role and will preferably have experience and expertise in charity accounting and governance. You will be an excellent communicator and be able to build strong working relationships with a broad range of stakeholders. You will act with integrity at all times and in accordance with Christian beliefs and values.
The major part of the Worcester Diocesan Board of Finance’s (WDBF) responsibilities results from legislation with regard to funding the costs of the maintenance of clergy in the Diocese of Worcester including stipends, pension contributions, maintaining clergy houses and paying council tax and water rates. The WDBF also supports clergy and lay people with training for Christian mission and ministry including children’s and youth work. The WDBF’s main sources of income are contributions Parochial Church Councils (Parish Share) and investment income. The Board is responsible for the custody and management of the Diocesan Synod’s financial affairs as well as those of the Diocesan Board of Education which works with church schools and academies.