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Finance Manager

2 months ago


Loughton Essex, United Kingdom OAK TREE SCHOOLS HOLDINGS LIMITED Full time €48,000

We are looking to recruit a Group Finance Manager to work in our Head Office in Loughton, Essex to a group of four private schools. The role will include the management of the Accounts Department, which has two Group Accounts Administrators.
This is a full time position with the 'core’ hours of 8am until 4.45pm daily at the Head Office building in Loughton. The role comes with a starting salary of £48kpa and holiday entitlement of 25 days + bank holidays. The successful candidate should be able to start as soon as possible.
Management Accounts:
To use Sage Accounts to its fullest extent for all postings, journals and reports.
To oversee financial accounting activities and ensure that ledgers accurately reflect money coming in and out of the company.
To coordinate the preparation of management accounts and monthly reports including accruals, deferrals and prepayments.
To prepare and review regular profit and loss statements and balance sheet reconciliations, and provide detailed analyses of results.
To reconcile intercompany financial movements, prepayments and accruals.
To monitor and maintain the Group’s fixed assets registers.
To support the management team in analysing, understanding and interpreting the operational and financial performance of the business.
To produce financial reports that provide insight for effective decision making.
General Accountancy:
To assist the Group Bursar with the administration of the monthly salaries, including claim forms, deductions, additions and reviews.
To assist the Group Bursar with the administration of the Group Pension Scheme.
To assist the Group Bursar with reporting to the Financial Conduct Authority.
To support the Group Bursar and Director with the annual fees review.
To assist the Accounts Administrators with the reconciliation of the monthly bank statements and posting to Sage.
To support the Accounts Administrators with the purchase ledger, including posting to Sage and implementing regular BACS runs.
School Fees Administration (Sales Ledger):
To support the Accounts Administrators with the administration of all fee invoices and schedules, including:
To log the receipt of all fees deposits for prospective pupils and maintenance of records on the Engage database for future reference.
To check that all fees, fee adjustments and charges both in advance and arrears are correctly entered against each pupil at the four schools.
To ensure that information is inputted onto the Engage database where necessary.
To liaise with the School Offices about chargeable activities such as clubs, peripatetic music or SEN support and providing this information in a timely fashion for inclusion in fee invoices.
To help despatch invoices for all pupils at the four schools electronically to the agreed timescale.
To help handle parental queries on invoices, including the generating of duplicate invoices.
Credit Control Administration:
To support the Accounts Administrators and Group Bursar with the collection of fees, including:
To process payments by Credit/Debit Card when requested by parents by telephone, on line or in person.
To telephone parents who still have unauthorised late fees by the end of the second week of each term.
To chase fee payments at all other times as necessary by telephone and/or email.
To chase club payments for pupils who have left.
To report to the Group Bursar if the collection of fees from any family becomes a concern.
To ensure that all VAT reclaimable from HMRC is reconciled and claimed in a timely manner.
ACA/ACCA or equivalent fully qualified or near-fully qualified
Extensive knowledge of local laws, taxes, licenses, finance and accounting practices, and procedures
Experience in a finance environment working with management accounts
Advanced knowledge of Sage Accounts
Advanced MS Excel skills
Ability to analyse data and prepare comprehensive and accessible reports
Exceptional financial and analytical skills
The ability to support colleagues by responding effectively and efficiently to requests for help & information
Flexibility to work extra hours at peak times
Accounting/finance degree
Previous experience working with credit control
Competitive Annual Salary
~ Company pension
~25 days’ annual leave + bank holidays in addition.
~ Free parking
~ Free eye test
~ Free tea/coffee and lunches