Key Responsibilities
Core Finance:
- Oversee the operations of the Accounting Department, including the design of an organizational structure adequate for achieving the department's goals and objectives.
- Update and enhance the financial policies and procedures of the school and maintain a documented system of policies and procedures.
- Design internal control systems for all departments to ensure the safeguarding of school assets and monitor and enforce internal controls.
- Ensure the effective operation and integration of the accounting system throughout the school.
- Ensure the timely reporting of all monthly and annual financial information.
- Ensure general ledger and financial statements are complete and accurate.
- Perform general ledger reconciliations including deferred income and other account analysis.
- Each month end, update a ‘month end’ folder with detailed balance sheet reconciliations for all balance sheet items.
- Daily cash reporting and monthly bank reconciliations
- Manage the production of the annual budget and forecasts.
- Liaise with banks, audit, legal and tax providers as necessary.
- Comply with government reporting requirements and tax filings.
- KPI and performance monitoring
- Maintain the fixed asset register by supervising the recording of all items in the inventory, maintaining pertinent records and ensuring adequate treatment of fixed asset acquisitions and disposals.
- Manage payables, receivables and invoicing functions of the school efficiently.
- Monitor debt levels and compliance with debt covenants.
- Prepare monthly budget variance reports and work with the headmaster on corrective actions
- Provide financial analysis for decision support including capital investments, pricing decisions, and contract negotiations.
- Assist the group with gathering data and preparing reports for key personnel as requested.
- Ensure the school has the adequate insurance cover at all times.
- Liaise with suppliers and clients w