The Finance Department has more than 100 staff and is principally based in Building 37 and Building 35 (Procurement) on the Highfield Campus. We also have offices at Southampton General Hospital and the National Oceanography Centre, Southampton.
Home of the finance department
The finance department provides a huge variety of services to the University.
We are responsible for the following areas:
- Published Financial Statements
- Procurement - for information on current opportunities to supply the University, visit www.tenders.ac.uk
- Collection and administration of Student Fees
- Payment of University Expenditure
- Collection of University Income
- Payroll Services
- Pensions Administration
- Insurance Services
- Management Accounting and advice to budget holders
- Financial Accounting
- Maintenance, Development and Training for Financial Database
- Administration of VAT and relationship with HMRC
- Investment of cash and management of University loans
- Administration of external investments
- Accounting services to University companies
The Finance Department aspires to provide:
1. an efficient and effective service to the University across the full range of financial services – accountancy, payment of salaries and wages, payment of suppliers, administration of insurance, invoicing of debtors, procurement of goods and services, collection of income from debtors, administration of superannuation, investment management, liaison with statutory authorities on financial matters.
2. a value added service to the University in the negotiation of the best terms for the cost of supplies to the University, and assisting in the identification and exploitation of commercial opportunities or cost reduction processes in line with the University’s strategic aims.
3. a collaborative and helpful service to the University in developing ideas and plans to facilitate further developments.
4. a service which inculcates the best practices of public sector stewardship of resources within a control environment which does not inhibit the creativity of the institution.