Teesside University Finance Office

The Teesside University Finance Office plays a critical role in managing the institution’s financial resources, ensuring its stability and enabling it to achieve its strategic goals. Located on campus, the office is responsible for a wide range of functions, from budgeting and accounting to procurement and financial reporting.

One of the Finance Office’s primary responsibilities is the development and management of the university’s annual budget. This involves collaborating with various departments and faculties to understand their financial needs and priorities, allocating resources effectively, and monitoring expenditure throughout the year. The team analyzes financial data, identifies trends, and provides financial advice to university leadership to inform decision-making.

The office is also responsible for maintaining accurate and up-to-date financial records, adhering to accounting standards and regulatory requirements. This includes processing invoices, managing payments to suppliers and staff, and reconciling bank statements. The Finance Office utilizes sophisticated financial management systems to streamline these processes and ensure data integrity.

Student finance is another key area of focus. The Finance Office provides support to students with tuition fee payments, student loans, and scholarships. Staff members are available to answer student queries, offer financial advice, and assist with payment plans when necessary. They work closely with the Student Support team to ensure that students have the financial resources they need to succeed in their studies.

Procurement is also managed within the Finance Office. This involves overseeing the acquisition of goods and services required by the university, ensuring that procurement processes are fair, transparent, and compliant with relevant regulations. The team strives to obtain the best value for money while adhering to ethical and sustainable procurement practices.

Financial reporting is a crucial function, providing stakeholders with a clear and accurate picture of the university’s financial performance. The Finance Office prepares annual financial statements, statutory reports, and other financial information required by external agencies. These reports are used to monitor the university’s financial health, assess its compliance with regulations, and inform strategic planning.

The Teesside University Finance Office is staffed by a team of qualified and experienced professionals who are dedicated to providing high-quality financial services to the university community. They are committed to maintaining financial integrity, promoting efficiency, and supporting the university’s mission to provide outstanding education and research opportunities.

The office is usually accessible during standard business hours and can be contacted by phone, email, or in person. Detailed contact information and online resources are available on the Teesside University website. They provide a critical service, ensuring the financial stability and operational efficiency of the entire university.