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Interim Finance Director

2 months ago

London, Greater London, United Kingdom Edward Mann Group Full time

Job Title: Interim Finance Director

Job Type: Contract

Location: South-West London

Job Description:

We are seeking an experienced Interim Finance Director to join our client, a Private School in South-West London, on a contract basis. The successful candidate will be responsible for managing the school's finances, ensuring accurate and timely financial reporting, and providing strategic financial guidance to the senior leadership team.

Key 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.

Requirements:

  • Qualified 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.

About Us:

Edward Mann Group is a leading recruitment agency specializing in temporary and permanent positions. We are committed to equal opportunity and diversity, and we welcome applications from suitable candidates with equivalent qualifications and experience.