THE EXTRAORDINARY STORY OF THE CARRICK YARD INVESTMENT
The Finance Team in Westminster City Council is a world of extraordinary stories, where we go above and beyond for our residents – in all sorts of pioneering ways. Our work has the ability to have profound impact on residents’ lives. By being smart and courageous with the council’s finances means we can achieve more for our residents.
Take the Carrick Yard housing development in Luton Street. When a big international building firm couldn’t find a sales partner, we stepped in to create a joint venture partnership and underwrite any unsold units to protect our investment. Then when we felt a big banking partner would be overcharging the venture for financing the development, we decided to finance it ourselves. The result? 171 homes are now under construction, leading the redevelopment of the Church Street area, whilst the council is projecting a potential return on investment of almost 14% – far in excess of anything that can be achieved on cash deposits in current market conditions.
And why does this success matter? Because it allows us to invest even more in public services that are the lifeblood of our communities. Join us as a Senior Finance Manager, and you too can make your own powerful contribution.
Please view the extraordinary story of the Carrick Yard Investment here.
As a member of The Libraries, Archives & Registrars (LAR’s) Finance Team, you will have the opportunity to make a direct impact on the services that we are offering to our residents. Finance, growth, and innovation underpins everything that we do in our libraries, so the success of this vital part of community life is entirely dependent on how well we are balancing the books, and how we are making effective commercial decisions. This is your opportunity to immerse yourself in this fascinating field, and as such, you will have the scope to get involved in genuinely interesting projects.
With every day presenting you with new opportunities to innovate and achieve, you’ll handle everything from anticipating financial issues and problems (and coming up with creative solutions to these) through to identifying where savings could be made. Supporting the team in developing income-generation opportunities, you’ll be growth focused, and committed to helping your colleagues devise ambitious initiatives and projects. With your support, a wide range of high-profile ideas will be brought to life.
Seeing to it that we are complying with all the relevant financial regulations, you’ll assist the Head of Service in managing risk, ensuring that every commercial decision has been underpinned by robust analysis, and with the community in mind. As such, we will expect you to champion best practise financial management, so you will be willing to deliver advice, guidance, briefing papers and training to colleagues where relevant.
On a practical level, you will see to it that income and expenditure is accurate and that all balance sheet items are reconciled. You will also make sure that holding accounts are cleared regularly, and you will handle full monthly and quarterly close downs of your areas.
With an overall focus on improving library services, this is a great opportunity to give back to your community. And so you’ll measure performance and ensure the success of special projects that contribute to the overall growth and success of library services.
Please refer to the Job Description for more information.
Join us in our friendly team, and you will find plenty of scope to further your knowledge. To excel in this role, you will be CCAB/CIMA qualified (or you will have equivalent experience) and you’ll have a background in working within a similarly large multidiscipline organisation. With experience of managing setting and monitoring budgets for services, you will be comfortable working with budget holders to re-balance overspends when necessary, and you will be well-versed in commercial and financial management. This will include a good knowledge of financial modelling and planning, and you will have the capacity to prepare reports that can be easily understood by a variety of audiences. If you have an awareness of the issues faced by local governments that would be helpful, and you will need to be able to handle the statutory responsibilities associated with working within the public sector.
With good research methodology knowledge, you will understand how to implement change management. Crucially you will be a collaborative team player who has exceptional commercial, financial and communication skills, and you will enjoy inspiring and developing the knowledge of other members of the team.
The Council and its partners are committed to achieving diverse shortlists for all vacancies at Band 4 or above to support our desire to increase the number of staff from underrepresented groups in our workforce. As part of this ambition, if you are from a Black, Asian and Multiple Ethnic background (B.A.ME) you can self-declare this to the hiring manager as part of our positive action commitments.
What We Offer:
Westminster is an amazing place. There are 250,000 diverse residents, over 50,000 vibrant and vital businesses and three-quarters-of-a-million people working here every day. Our mission is to create a city for all. We’re an organisation that wants the very best for our residents: a supportive and safe environment, the chance to grow and learn throughout their lives, to build fantastic careers in world-leading industries, to have access to high-quality, affordable housing and to retire into the community with dignity and pride.
We want Westminster to be a place where you can make the most of your talents and thrive as an individual. That’s why we’re proud to have won Best Health & Wellbeing Initiative in the 2020/21 Business Culture Awards. By being the best you can be, you’ll help us adapt to the changing needs of our organisation and communities.
At Westminster City Council, we are passionate about our aim to be an inclusive workplace for all that reflects the communities we serve, and we believe everyone is valued. We particularly welcome applicants from underrepresented backgrounds, including B.A.ME (Black, Asian and Multiple Ethnic background), LGBTQ+ and those with hidden or visible disabilities. We’re committed to ensuring all our staff – regardless of gender, age, religion, sexuality, ethnicity or disability – can succeed. We value diversity and appreciate that people work in different ways. So, as a Timewise employer we work to provide flexible working arrangements and an empowering environment that enables you to be your best, that is the Westminster Way.