RAF Central Fund

RAF Central Fund – Finance Manager


Want to work with a small, friendly, fun team in the charity sector with flexible working? Do you have an interest in sport and/or the military?

We are looking for a Finance Manager with aligned personal values to those of our charity. Our ideal candidate will be an open, honest and committed member of our small team with an inclusive outlook, recognising that everyone matters regardless of their background. Whilst we are a charity that embraces fun and enthusiasm, we are equally looking for someone who will take seriously our commitment to delivering our charity’s mission by helping to safeguard our resources to ensure we can continue to support our beneficiaries long into the future. The ideal candidate will be a big team player and be content to work at all levels – from getting stuck in with administrative duties when required through to dealing with investment managers and board level trustees and directors.

The RAF Central Fund is a charity dedicated to safeguarding the health and wellbeing of serving personnel principally through the funding of sport and physical activities. Every year we deliver integral support to individuals, RAF Stations and Sports Associations through our grant funding programmes to enhance their time whilst serving. Ultimately, we want everyone regardless of their role, rank, physical ability or competing level to have access to sports facilities, equipment and training.

Job Description

Job title: Finance Manager

Direct Report to: COO

Indirect Report to:  Chief Executive Officer

Line Management: Finance Administrator

Location: working from home and the Fund’s offices in Naphill and Marlow

Salary:  up to £46,000, depending on experience

Hours: 37.5 hours per week, Monday to Friday

Key purpose: 

Working as a member of the RAF Central Fund’s (‘the Fund’) management team, the Finance Manager’s role is central to ensuring the Fund is able to develop, monitor and utilise appropriate internal and external financial systems and reports to meet regulatory and governance best practice, whilst supporting the development and implementation of the Fund’s strategic direction.

Key responsibilities:

  • Oversight of management financial reporting through the collation and preliminary analysis of financial information on a monthly basis for the CEO and quarterly basis for the Finance & Risk Committee/Trustees.
  • Responsibility for the day-to-day management of the finance function including the direct line management of the Finance Administrator and accurate maintenance of the financial records for the Fund and its Trading Subsidiary on SAGE and SAGE Payroll in order to provide timely and relevant information.
  • Assist external auditors with the yearly Fund and Trading Subsidiary financial audits and drafting of financial statements.
  • Oversight of the reconciliation of bank and key balance sheet control accounts.
  • Management of the collation of information to support the annual budget process.
  • Management of the preparation of financial information to support the collation of annual statutory reports.
  • Management of the Trading Subsidiary accounts.
  • Assist the CEO with the production of operational financial plans and other such financial information, including the implementation and monitoring of these, as deemed required to strategically manage the Fund.
  • Act as the primary advisor and Committee Secretary to the Finance Committee, preparing information as required for meetings and ad hoc requests and documenting key Committee information and decisions as required.

Act as the Committee Secretary to the Investment Committee, preparing information as required for meetings and ad hoc requests and documenting key Committee information and decisions as required

  • Monitor and report on the performance of the Fund’s investments, acting as a primary point of contact with the Fund’s Investment Managers and executing transactions as necessary.
  • Monitor and report on the performance of the Fund’s Sports Lottery fundraising platform, including the provision of financial forecast models and scenario planning.
  • Assist the CEO with the research, administration and completion of ad hoc financial projects to develop a cohesive grant giving programme to develop priorities for funding and establish suitable mechanisms to maximise the social value to beneficiaries.
  • Providing support to the Grants Officer and COO in the development of grants policies and criteria to ensure financial probity and compliance.
  • Assist in the ongoing development and management of financial and administrative systems for controlling and monitoring grant funding.
  • Promoting the work of the Fund through presentations and external visits.
  • Other duties as may be reasonably required.

This role profile is not exhaustive and is subject to review in conjunction with the post holder according to future developments in the Fund.

Person Specification:


  • Qualified CCAB accountant (or part-qualified CCAB accountant with significant financial experience)
  • Experience of working in the charitable sector
  • Experience of dealing with a Trading Subsidiary (including the related VAT knowledge)
  • Confident line manager with experience of leading a team and/or function
  • Ability to gather information and produce high quality written evaluations to deadline, present to varying audiences, report meaningful outputs and input into strategic direction
  • Good organisational skills and the ability to manage and prioritise a demanding and diverse workload
  • Ability to work independently across multiple physical sites with minimal management
  • Full UK driving licence


  • Experience of dealing with Investment Managers
  • Knowledge of the Armed Forced environment
  • Experience of operating at or exposure to senior management teams within organisations undergoing a period of development/transition


If you’d like to join our team please contact our Operations Manager, Karen Hansford, at KHansford@rafcf.org.uk. Telephone interviews will be held w/c 27 September followed by in-person interviews w/c 4 October.

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