Financial Controller

Permanent Contract

Closing date: Wednesday, 2nd February at 5.00 pm

  1. Purpose of position: 

 

Reporting to the Chief Executive, the Financial Controller will lead and manage the finance, treasury and risk activities of the Western Development Commission (WDC). This will include project, investment and lending portfolios and associated funds. This person will lead the shared Corporate Services function including Governance, Finance, Procurement, Administration and Human Resources.  

 

The WDC employs 29 staff and is a modern and flexible ‘remote first’ organisation complying with legislative requirement, public service modernisation and best practice. The WDC is a state agency governed by the 1998 Western Development Commission Act and tasked with the social and economic development of the western region. The 2019 – 2024 WDC strategy operates across three main pillars of activity:  

 

  • Regional Promotion: – In the short term, the WDC seeks to raise the profile of the region, creating a coherent narrative that highlights the benefits of living and working on Ireland’s Atlantic Coast 
  • Regional Leadership: In the medium term, this work focuses on positioning the west as a Region of Innovation and an innovation testbed. The extension of the Atlantic Economic Corridor [Donegal to Kerry] Hubs Network pilot to the rollout of the National Hubs Network and Connectedhubs.ie platform is an example. 
  • Sustainable Enterprise: The WDC manages the Western Investment Fund with a portfolio value of €75m to invest and lend in enterprise and community projects in the Western Region. Sustainable Enterprise seeks to create a global competitive advantage in one or two sectors in the long term. 
  1. Key responsibilities: 
  • Responsibility to prepare WDC Financial Statements in compliance with applicable standards and regulations including FRS 102, the Code of Practice for the Governance of State Bodies, and the WDC Act. 
  • Ensure all financial systems are fit for purpose and operating at maximum capacity, identifying areas that require improvement and implementing necessary changes to support business development, and in particular, the WDC Investment Fund. 
  • Develop and maintain business and organisation performance and delivery metrics to align with the delivery of the WDC strategy, associated resource management and public service reporting obligations. 
  • Lead the Corporate Services Team (7 team members) including staff within the shared administration function, ensuring a best-in-class corporate services support structure is available to assist the WDC meet its’ strategic objectives. 
  • Ensure that the WDC is tax compliant and is compliant with all regulatory requirements and adheres to best practice in all its processes. 
  • Develop and implement financial control procedures and systems to minimise risk and ensuring adequate internal controls are in place to warrant the completeness and accuracy of all information. 
  • Liaise with external auditors (Comptroller and Auditor General) to ensure the preparation of records for audit and the co-ordination of prompt responses to C&AG audit queries and the implementation of agreed audit recommendations. 
  • Oversee compliance with the Code of Practice for the Governance of State Bodies including the Internal Audit function and Public Procurement guidelines.  
  • Participate proactively as a key member of the management team to ensure the appropriate and timely reporting, budgeting and planning is in place to measure delivery of the WDC Strategic Plan.   
  • Safeguard and manage WDC assets, including fixed assets, liquid funds, investments, loans and receivables and associated reporting and timely access to information. 
  • Oversee HR function and statutory compliance obligations to include Health & Safety, data protection and Freedom of Information (FOI).  
  • Note:  the functions and responsibilities initially assigned to the position are based on the current organisational requirements and may be changed from time to time.  The job holder requires the flexibility to fulfil other roles and responsibilities as assigned by the CEO. 

 

The WDC has grown in recent years and this role offers a significant opportunity in developing and aligning resources, processes and systems to deliver key regional and national initiatives to support balanced regional development. The successful candidate will be a key member of management and as an ambitious and motivated self-starter will identify and deliver opportunities to meet and exceed the strategic goal of the WDC. Further detail on the WDC strategy and ongoing initiatives is available at www.westerndevelopment.ie  

 

 Experience:

 Essential  

 

  • A professional accountancy qualification and be a member of a recognised body of accountants and have a minimum of three years post qualification.  
  • Proven experience in leading and managing a small team delivering multiple support services in a deadline-driven environment. 
  • Strong IT skills and comfort with new systems adoption, particularly in a remote working environment.   Proven experience of using Sage Finance, Office 365 or similar. 
  • Excellent communications, interpersonal and leadership skills with proven experience managing and motivating staff as well as contributing within a fast-paced team environment. 

 

Desirable 

  • Demonstrable experience of investment portfolio or loan book analysis, reporting and treatment in financial statements 
  • Demonstrable experience operating within the public sector or evidence of the capacity to quickly acquire same.   
  • Demonstrable experience of developing, embedding and maintaining appropriate organisational performance and delivery metrics. 

 

  1. Conditions:
     

The post is a full-time, permanent role, subject to a six-month probationary period.   

 

All staff members are required to sign up to the WDC Code of Business Conduct under the code of Practice for the Governance of State Bodies. 

 

The WDC operates a ‘remote first’ working policy. The Head Office is in Ballaghaderreen, Co. Roscommon with WDC staff are also attached to offices in Galway and Sligo. The successful candidate may seek to be located in Roscommon, Galway or Sligo in line with the ‘remote first’ working policy of the WDC.   Due to COVID-19 the WDC is presently operating a fully remote working model in line with Government requirements. 

 

The salary scale for this post will be equivalent to that of the Civil Service Assistant Principal Standard Scale: 

 

Personal Pension Contribution (PPC) Pay Rate: The salary for this position, with effect from 1st October 2021 is as follows €69,709 – €72,268 – €74,871 – €77,483 – €80,090 – €81,593 –– LSI 1 €84,225 – LSI 2 €86,865 

 

Please note: The starting salary for the person appointed to this post will be the first point on the above scale unless the successful application has previous reckonable public sector experience. 

 

  1. To Apply 

Please submit a cover letter and CV (of no more than four pages) detailing your experience, qualifications, office location preference and any other relevant information to careers@wdc.ie   

 

Applicants can also apply through www.publicjobs.ie  

 

Closing date for receipt of applications is Wednesday,  2nd February at 5.00 pm 

 

The WDC is an equal opportunities employer 

Canvassing will disqualify