Finance Controller

Job Description

Finance Controller - Manager – Managed Services

Job Title: Finance Controller (Education Sector)

Job Summary:

We are seeking an experienced Finance Controller with a background in the education sector to oversee all financial aspects of our educational institution. The ideal candidate will possess strong leadership skills, extensive knowledge of financial management principles, and a proven track record of successful financial oversight within educational settings.

Responsibilities:

Financial Planning and Analysis:

• Develop and implement financial plans, budgets, and forecasts aligned with the institution's strategic objectives.
• Conduct regular financial analysis to identify trends, variances, and areas for improvement.
• Provide insightful recommendations to senior management based on financial analysis and projections.

Financial Reporting:

• Prepare accurate and timely financial reports, including balance sheets, income statements, and cash flow statements.
• Ensure compliance with regulatory requirements and accounting standards specific to the education sector.
• Present financial reports to the board of directors and other stakeholders as required.

Budget Management:

• Manage the institution's budgeting process, including allocation of funds to various departments and programs.
• Monitor budget performance and implement corrective actions as necessary to ensure financial targets are met.
• Work closely with department heads to develop and track departmental budgets.

Risk Management:

• Identify financial risks and develop strategies to mitigate them.
• Implement internal controls and procedures to safeguard the institution's assets and ensure financial integrity.
• Stay abreast of regulatory changes and industry trends that may impact financial operations.

Cash Flow Management:

• Monitor cash flow and liquidity to ensure the institution meets its financial obligations.
• Optimize cash management strategies to maximize returns and minimize risks.
• Coordinate with treasury management and banking partners as needed.

Audit and Compliance:

• Coordinate with internal and external auditors to facilitate audits and ensure compliance with audit requirements.
• Address any audit findings and implement recommendations for improvement.
• Ensure compliance with all relevant laws, regulations, and contractual obligations.

Requirements:

• Bachelor's degree in Finance, Accounting, or related field. MBA or CPA/CA/ACCA preferred.
• Proven experience as a Finance Controller or similar role within the education sector.
• Thorough understanding of accounting principles and financial management best practices.
• Strong analytical skills with the ability to interpret financial data and trends.
• Excellent communication and interpersonal skills, with the ability to collaborate effectively with stakeholders at all levels.
• Advanced proficiency in financial software and Microsoft Excel.
• Familiarity with regulatory requirements and compliance standards specific to educational institutions.
• Demonstrated leadership ability and a track record of driving results in a complex organizational environment.

Preferred Qualifications:

• Experience with enterprise resource planning (ERP) systems, such as SAP or Oracle.
• Knowledge of grant accounting and funding mechanisms in the education sector.
• Familiarity with fundraising and donor management processes.
• Certification such as Certified Management Accountant (CMA) or Chartered Financial Analyst (CFA) is a plus