Hertford College, Oxford
Stipendiary Lectureship (4 hours) in Management (Finance and Accounting)
Further Particulars
Hertford College intends to appoint a Stipendiary Lecturer in Management to teach for the undergraduate degree course in Economics and Management, with an emphasis on teaching Accounting and Finance. The Lectureship is fixed-term from 1st October 2017–30th September 2018 and is non-renewable. It can be held in conjunction with other similar positions. The successful candidate will work under the direction of Dr Steve New, Fellow and Tutor in Management, and in collaboration with Dr Elizabeth Baldwin, Fellow and Tutor in Economics.
The College
Hertford College is heir to the traditions of two medieval Halls, Magdalen Hall (whose alumni include Thomas Hobbes and William Tyndale), and Hart Hall (whose alumni include John Donne and Jonathan Swift). The main College site is located at the heart of the ancient city of Oxford, where Elias de Hertford founded Hart Hall in the 1280s, and to which Magdalen Hall removed in 1822 (subsequently incorporated as Hertford College in 1874). Academic offices are on the main site, as is accommodation for many students, complemented by further accommodation for both graduates and undergraduates at various other sites around Oxford.
The Fellowship, which has responsibility for the governance of the College, currently consists of just over forty Fellows, and the College is home to roughly 650 students, two-thirds of whom are undergraduates. Around thirty Lecturers supplement undergraduate teaching provision. Fellows, Lecturers and students are drawn from a range of disciplines across the Humanities, Sciences and Social Sciences. The College has a reputation for being both progressive and friendly. It was one of the first colleges to go mixed, and the ratio of female students to male remains comparatively high. It has championed access for students from schools that have not traditionally encouraged Oxford applications and has a strong academic ethos.
Hertford currently has c. 24 undergraduates reading for the Economics and Management degree course. Details of this course may be found here: https://www.sbs.ox.ac.uk/programmes/degrees/baem
College Duties
The person appointed will be required to teach the Finance and Accounting element of the Management course. (Some further details are included at Appendix One).
The average teaching over the three terms will be 4 hours per week. In addition to tutorial and class teaching for the College, the Lecturer will assist with the organization of Hertford’s teaching in Management. They will share pastoral responsibility for students studying Economics and Management and will be required to assist with Admissions for the subject. Hertford typically has a total of 24 undergraduates studying Economics and Management.
The appointee will be required:
(i) to undertake up to 4 hours of teaching in Management per week, averaged over the three terms;
(ii) to engage in:
(a) tutorial preparation; (b) the setting and marking of written work; (c) the setting, marking and returning of scripts for collections (internal college examinations); (d) writing and submitting student reports; (e) liaison with other staff on teaching and pastoral matters, as appropriate;
(iii) to assist with the organisation of Management teaching at Hertford College, and to share in pastoral responsibility for undergraduates reading Economics and Management, and to provide some oversight of graduates student in Management-related subjects;
(iv) to share responsibility for the December 2017 round of undergraduate admissions for Economics and Management.
Assessment Criteria
Candidates should have a good first degree and should have, or be close to completing, a doctorate in an appropriate discipline.
Experience of teaching undergraduates, preferably in small groups, would be an advantage, as would experience with Oxford Undergraduate Admissions. Although this is not a research appointment, the College considers research ability and teaching ability to be related, and so account will therefore be taken of candidates’ research record commensurate with the stage of their career.
Examples of evidence a candidate might wish to draw to the attention of the committee include the following:
(i) the ability or potential to be an effective teacher of Management and a wide range of topics on Finance and Accounting to students of high ability in a tutorial system, along with the personal qualities needed to foster a high level of achievement in undergraduate students;
(ii) achievement or potential (commensurate with the applicant’s career) in a field of research relevant to the subjects being taught;
(iii) the ability to participate effectively in the administration and development of Management in Hertford College.
Terms and Conditions
The appointment will be for one year from 1 October 2017.
The salary for the Lectureship will be in the range £8,684 to £9,767 per annum, depending on qualifications and experience, and will be pensionable with USS. The Lecturer will have the following entitlements:
(i) associate membership of the College’s Senior Common Room (SCR);
(ii) free lunches while undertaking teaching duties in term time and during vacations; and
(iii) one dinner each week during term time (weeks 0–9) without cost.
Application and Appointment Procedure
Applications must include a CV detailing all relevant experience, a covering letter, a college application form (available from the college website) and the names and contact details of two referees. Candidates should also state in their applications which (if any) topics in the Oxford Management syllabus they are able to teach. Applications should be sent to Ms Julia Howe, Deputy Academic Administrator, Hertford College ([email protected]) by noon on Monday 26 June 2017.
Candidates should also arrange for their referees to write to the College by the same date. The College wishes to take this opportunity to thank in advance those referees who write on behalf of candidates.
It is anticipated that interviews will be held in the week commencing 17 July 2017.
Potential candidates are welcome to contact Dr Steve New ([email protected]) for further information.
Candidates are strongly encouraged to return the Recruitment Monitoring Form (available for download from the College website - https://www.hertford.ox.ac.uk/about/vacancies).
Candidates must be eligible to work in the UK, and the appointment will be subject to provision of proof of the right to work in the UK before employment commences. Regrettably, the College is not able to sponsor applicants for a Tier 2 visa for this post.
Any applicant who is already working in the UK under the terms of a visa should check carefully before they apply whether their visa gives them the right to undertake teaching work. (A Tier 2 visa which permits research employment without reference to teaching is unlikely to be satisfactory.)
Hertford College is an Equal Opportunities Employer APPENDIX ONE: EXAMPLE INFORMATION ON COURSES:
FIRST YEAR PAPER ON FINANCIAL MANAGEMENT
Part 1, Financial Reporting Overall framework of financial reporting; Preparing financial reports; Balance sheet; Income statement & cash flow statement; Consolidation & segmental reporting; Financial statement analysis; Using financial reports; Creative accounting & auditing; Verifying financial reports; Social & environmental reporting; Evolving financial reports; Accounting & the social construction of reality; Critiquing financial reports;
Part 2, Financial Analysis The course introduces the fundamental theoretical concepts underlying modern finance. Students will learn (1) about the relevance of financing and investment for corporate policy and the role of financial markets; (2) how to value investment projects and securities based on their cash flow streams; (3) how uncertainty affects all the aforementioned; and (4) basics about the functioning and valuation of derivative instruments. While the course involves extensive quantitative training, we put emphasis on economic intuition and thinking throughout the topics covered. The course equips students with a framework for analysing financial problems and is therefore a prerequisite for all finance elective courses.
FINALS OPTION PAPER IN ACCOUNTING:
This course aims to make students informed users of financial reporting and management accounting tools. It examines contemporary issues in financial reporting in the context of global accounting and convergence between International Financial Reporting Standards (IFRS) and United States Generally Accepted Accounting Principles (GAAP). It also equips students with the appropriate accounting skills necessary to participate in a managerial capacity, including the skills to facilitate and enhance decision-making, accountability, and control. Throughout the course we look at implications of accounting decisions to other facets of business. The course is divided into two modules – the first in financial reporting and the second in management accounting. In financial reporting a big issue in the past decade has been the ongoing convergence of IFRS and US GAAP. This process is as much politically driven as it is economic and accounting based. The collapse of Enron and Arthur Anderson in 2001 and the global financial crisis on 2008 further brought the spotlight on financial reporting. These events combined with an increasing shift in commercial activities away from bricks and mortar to internet, service, and intangibles based businesses introduce a host of new problems in measurement, recognition, and reporting. A considerable amount of attention has focused on whether global convergence dominated by the US and International Accounting Standards Board (IASB) and the perceived shift in emphasis to fair value accounting exacerbates instability and opacity in financial reporting. We examine these and a number of financial reporting issues in the first module. In the management accounting module we start by examining most internal and external decision making problems from a fundamental cost allocation perspective. We also see how management and cost accounting analysis can be pivotal for a number of managerial decisions that interface with other disciplines like strategy, production, operations, financial reporting, finance, marketing, and so on. A number of studies and examples show that management accounting tools such as activity based costing and budgeting are potentially revolutionized through new applications thanks to innovations in technology and computing, and the availability of large and Big Data. We end the module by generating a conversation about accounting for sustainability and nonfinancial performance measurement and introducing notions of integrated reporting, balanced scorecard, and nonfinancial costs. The course frequently pivots around three common themes: (1) An understanding of conceptual framework and what it seeks to achieve; (2) Managers’ incentives and how this influences lobbying for accounting standards and internal decision making; and (3) Accounting as a political process. The link between the above themes is central to the examination of the numerous roles of accounting, the underlying policy issues, and how these help us understand economic activity within an organization. We also look at the problems of agency and audit and the issues arising in enacting accounting’s various roles. 2 Course objectives:
On successful completion of this course students should be able to: 1. Understand and be in a position to argue about the various theoretical threads that make and contribute to accounting practice as it is today 2. Integrate accounting information into the internal and external decision-making of an economic entity 3. Demonstrate analytical and quantitative skills in problem- solving and fundamental accounting processes 4. Understand the intuition behind accounting processes, practice, and information
FINALS OPTION PAPER IN FINANCE:
Basic models of finance - how financial markets work to price assets and decide between projects; Modern portfolio theory and the capital asset pricing model, and refinements and extensions including the consumption-based asset pricing model Real world anomalies in market prices and volatility Corporate finance: how firms raise finance, the choice between debt and equity, and problems relating to asymmetric information between insiders and outsiders Issues in corporate governance – how the business is managed and controlled The role of tax in valuing assets, and in finance, investment and location decisions How to tax (and not tax) corporate profit Banks and financial crises – the inherent problems of banking, the 2008 crisis and the need for regulation International finance: international diversification, home bias and contagion