Qm Finance Office - Investment Friend

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The Queen Mary University of London (QMUL) Finance Office is a critical department responsible for managing the institution’s financial resources, ensuring compliance with regulatory standards, and providing financial services to staff, students, and external stakeholders. Its mission is to safeguard the university’s assets and support its strategic objectives through sound financial management and transparent reporting.

The office is structured to handle a wide range of financial functions. Key areas include financial accounting, management accounting, treasury management, payroll, procurement, and research finance. The financial accounting team focuses on maintaining accurate financial records, preparing statutory accounts, and ensuring compliance with accounting standards. This involves processing transactions, managing the general ledger, and reconciling accounts to provide a true and fair view of the university’s financial position.

Management accounting provides crucial financial information for internal decision-making. This team works closely with departments across QMUL to develop budgets, monitor performance against those budgets, and provide financial analysis to support strategic planning. They also play a vital role in costing exercises, helping to understand the true cost of programs and services offered by the university.

Treasury management is responsible for managing the university’s cash flow, investments, and debt. This includes forecasting cash needs, managing banking relationships, and ensuring the secure and efficient handling of funds. The treasury team also monitors financial markets and advises on investment strategies to maximize returns while minimizing risk.

Payroll handles the accurate and timely payment of salaries and wages to all university employees. This involves processing payroll transactions, calculating deductions for taxes and benefits, and complying with employment legislation. The team also provides support to employees with payroll-related queries.

Procurement is responsible for sourcing goods and services for the university in a cost-effective and ethical manner. This includes negotiating contracts with suppliers, managing tender processes, and ensuring compliance with procurement regulations. The procurement team also promotes sustainable procurement practices, encouraging the use of environmentally friendly products and services.

Research finance provides financial support to researchers throughout the lifecycle of their projects. This includes assisting with grant applications, managing research budgets, and ensuring compliance with funding body requirements. The team also provides training and guidance to researchers on financial matters.

The QMUL Finance Office is committed to providing excellent customer service and working in partnership with stakeholders across the university. They actively seek to improve processes and systems to enhance efficiency and effectiveness. The team understands the importance of providing accurate and timely financial information to support informed decision-making at all levels of the organization, contributing significantly to the overall success and sustainability of Queen Mary University of London.

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