Finance Manager

2 weeks ago

London, United Kingdom Edward Mann Group Full time

Edward Mann are exclusively partnered with a Private School in South-West London in the recruitment of an interim Finance Manager to cover an extended staff absence for the next 3-6 months. This role will be reporting directly into the Head of Finance and requires someone immediately available and able to attend work on-site 5 days per week at the school. This is a contract opportunity offering a day rate of 225-275 per day (plus holiday pay) dependent on experience and qualifications.

Daily responsibilities:

  • Budget Management:

    • Oversee and manage the school’s budget, ensuring spending aligns with financial plans.
    • Monitor budget performance and report variances to the senior leadership team.

  • Financial Reporting:

    • Prepare daily, weekly, and monthly financial reports for senior management and the board of governors.
    • Ensure accurate and timely financial statements, including income and expenditure reports.

  • Fee Administration:

    • Manage the billing and collection of tuition fees, ensuring timely payments.
    • Handle fee-related queries from parents and guardians, addressing any discrepancies.

  • Cash Flow Management:

    • Monitor the school’s cash flow, ensuring sufficient funds are available for operational needs.
    • Manage bank reconciliations and oversee daily banking operations.

  • Payroll Management:

    • Supervise the payroll process, ensuring staff are paid accurately and on time.
    • Handle payroll queries and ensure compliance with relevant tax and employment regulations.

  • Supplier and Vendor Management:

    • Oversee the payment of invoices and manage relationships with suppliers.
    • Negotiate contracts with vendors and ensure value for money in procurement.

  • Compliance and Auditing:

    • Ensure compliance with financial regulations, including UK accounting standards and school-specific regulations.
    • Coordinate with external auditors during financial audits, providing necessary documentation and explanations.

  • Expense Management:

    • Review and approve expenditures, ensuring they align with the school’s budget and financial policies.
    • Implement cost-saving measures where possible without compromising the quality of education.

  • Stakeholder Communication:

    • Liaise with the Headteacher, Board of Governors, and other key stakeholders regarding financial matters.
    • Present financial information in a clear and accessible manner to non-financial stakeholders.

  • Financial Systems Management:

    • Oversee the operation and maintenance of the school’s financial management systems.
    • Ensure that financial data is securely stored and accurately recorded in the school’s systems.

Experience required:

  • Qualified/QBE Accountant:

    • Will ideally hold a professional accounting qualification (e.g., ACA, ACCA, CIMA).
    • Strong understanding of UK accounting standards and practices, particularly in the education sector.

  • Experience in Educational Finance:

    • Previous experience in a financial management role within a school or educational institution is highly desirable.
    • Familiarity with the specific financial challenges and regulatory requirements of the private school sector.

Edward Mann Ltd acts as an employment business for temporary positions and an employment agency for permanent positions. Edward Mann Ltd is committed to equal opportunity and diversity. Suitable candidates with equivalent qualifications and more or less experience can apply.

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