the salvation army

Job Description
Assistant Management Accountant (Central Trust)
Reporting to
Management Accountant (Central Trust)
Purpose of post
To support the Management Accountant in providing high
quality & effective financial support to budget holders
To maintain accounting records for the Salvation Army
Common Investment Funds and other invested funds
Central Trust budget spend of c. £50m
CIF investments of c. £102m
The Salvation Army operates in the UK through two trusts: The Salvation Army Trust
(Central Trust) and The Salvation Army Social Work Trust (Social Trust). The
activities of Central Trust include almost 700 corps (church) and community centres
offering a wide range of services to meet local needs. Budget expenditure for the
Trust includes “head office” support functions such as IT, Property, Personnel,
Fundraising, Finance, Finance and Internal Audit which serve both trusts and mission
support for those churches which are not financially self supporting. Detailed budgets
for corps are outside the remit of this role.
The Common Investment Funds function as common investment schemes for the
Central and Social Trusts. Both funds have professional fund managers
This is a new post intended to strengthen the support to budget holders and improve
the quality of management information.
The key responsibilities are:Investments (approx 30%)
Maintenance of all accounting records for Common Investment Funds
(CIF1, CIF2) including monthly entries for all income, expenditure,
investment purchases and sales from information provided by investment
Calculate monthly income distributions to unit-holders and input those for
the Central Trust into Agresso
Arrange distribution of monthly income to unit-holders
Calculate monthly market value of units and value of holders units held
Arrange and record purchase or sale of Units, and liaison with Investment
Manager and unit-holder
Secretary to Investment Committee, including preparation of agenda,
minutes, and circulation of all necessary correspondence to committee
Maintenance of all accounting records for all "Small Trusts"
Management Accounts (approx 70%)
Liaise with budget holders on day to day queries relating to their accounts
Liaise with budget holders on variance reports
Assist the Management Accountant in preparation of reports for senior
management and boards
Preparation and input of journal adjustments and month end accruals and
Assist in the annual financial and business planning process including
preparing budgets and forecasts in conjunction with budget holders
Carry out other tasks that may be required from time to time by senior
finance managers
Provide cover for other team members during holidays and sickness
Assist in preparing year end schedules
Carry out investigations and ad hoc reports as required.
Person Specification
Numerate and literate including minimum of two good 'A' levels passes and
GCSE Maths & English grade C or equivalent
Part qualified CCAB accountant (minimum level AAT qualified or CCAB
Good technical accounting skills
IT literate with strong Excel skills and experience of other MS Office
Experience of sophisticated accounting systems, preferably Agresso
Experience of production of management accounts and budgets
Experience of accounting for investments
Experience of working in a large finance department
Strong oral and written communication skills
Attention to detail and accuracy
Able to work as part of a team
Applicants must be in sympathy with the aims and objectives of The Salvation Army