Queen: Royal family ‘stepping up’ says Sacerdoti
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The Queen is hiring a new Head of Finance based at her London residence. The role comes with a yearly salary potentially hitting the £100,000 figure.
However, the job advert published on the Royal Household’s official website clearly warns this role is highly demanding and multi-faceted.
Among the main duties of the Head of Finance, the job specification mentions the management of the Sovereign Grant, which funds senior royals’ official travel, property maintenance and the operating costs of The Queen’s household.
The financial report running between the 2020 and 2021 fiscal year stated the Grant rose from £82.4million in the prior 12 months to £85.9million.
This sum included the £34.4million allocated for the ongoing refurbishing works at Buckingham Palace and the core grant, which amounted to £51.5million.
The cost of royal security is not included in the Grant.
The job advert read: “No two days will be the same and the diversity of our operations will stretch you.
“Although primarily responsible for the financial management of our public funding through the Sovereign Grant, you’ll oversee shared-services which also support Royal Collection Trust commercial enterprises and charitable trust.”
The Head of Finance will also manage a large team, the advert said.
Speaking further about the role, it read: “Reporting to the Deputy Treasurer (Finance Director), you’ll lead a team of c.30 to provide support on all financial matters.
“This will include: financial reporting and planning, managing audits with external bodies, taxation, process and systems development as well as the maintenance of financial controls and compliance.
“Bringing a digital mind-set and a strong drive to improve, you’ll oversee a systems replacement programme, taking the opportunity to identify efficiencies across our finance teams and implement ways of working fit for the future.
“Managing a team of qualified and part-qualified accountants, you’ll further embed a business partnering approach, ensuring that the specialist advice and support provided by you and your team is business-focused, pragmatic and reflects best practice.”
Describing why joining the team at Buckingham Palace represents a unique opportunity, the job specification read: “It’s feeling inspired to deliver to the very highest standards.
“And it’s joining the professional business behind the monarchy.
“This is what makes a career with the Royal Household so special.”
This full time role, the job description said, will pay between £90,000 to £100,000 per year plus benefits, depending on experience.
The perfect hire, it added, will have relevant experience as well as “outstanding people leadership capability”.
The description of the qualities the Household is looking for in the next Head of Finance also included: “With a strong digital understanding and an eye for simplification, you’ll look to continually review and improve the delivery of our finance operations.
“Able to balance strategic and operational priorities, and with outstanding analytical skills, you’ll know when to delve into the financial detail or when to retain a wider perspective.
“A natural communicator and collaborator used to partnering senior managers to influence financial strategy, and appropriately challenge and advise budget holders, you’ll hit the ground running, building credibility at all levels.
“Organised and pro-active, with lots of initiative and an ability to work at pace, you’ll juggle a varied workload and maintain resilience in a deadline-driven environment.”
This job opening comes during an exciting year for the Royal Family, as the historic Platinum Jubilee began earlier this month.
The Queen is the first-ever English monarch to have reigned for 70 years.
While senior royals are expected to tour the country and the Commonwealth over the next few months to mark the Jubilee, the UK will come together during a long bank holiday weekend in June to properly celebrate the Her Majesty’s major achievement.
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