Financial Controller

Company : Reed

Job Description - Financial Controller

Financial Controller - on site An excellent opportunity has arisen for an experienced Financial Controller to join a prestigious group of Independent Schools based in West London. We are seeking a dynamic and commercially astute Financial Controller who will oversee finance-related duties for a division of the schools within the Group.Day-to-day of the role:

Manage the financial accounting for assigned schools, ensuring all fees, expenses, and transactions are recorded accurately and promptly.
Work closely with school admission teams to raise and issue tuition fee invoices to parents according to the billing cycle
Prepare and process monthly direct debit collections and maintain the billing ledger, ensuring all transactions are up-to-date and reconciled.
Communicate with current and prospective parents regarding fee payments, responding promptly to queries.
Monitor and manage the collection of school fees, disbursements, and additional charges, using the Group's processes for debt recovery as required.
Liaise with relevant staff to ensure accurate completion of forms to claim Early Years Funding (EYF), where applicable.
Monitor supplier payments to ensure authenticity, accuracy, timeliness, and value for money.
Prepare monthly management accounts, including reconciliation of control accounts, variance analysis, and budgets.
Maintain and manage key balance sheet areas such as fixed assets, accruals, and prepayments.
Prepare and maintain financial forecasts and support school leaders in adhering to budgets.
Completion of month-end processes and ensure that all finance deadlines, including billing and supplier payments
Manage and oversee the work of the assigned finance assistant, ensuring quality and timeliness of their outputs.
Oversee trip finances, ensuring full reconciliation of trip income and costs.
Ensure the correct application of VAT on both income and expenditure, and complete quarterly VAT returns.
Work with HR and payroll to ensure the accurate recording and reporting of employment costs.
Develop, review, and implement school financial policies to maintain strong internal controls & financial practices.
Prepare accounting records for annual audits, liaise with auditors, and assist the Director of Operations with the preparation of annual accounts and supporting schedules.
Complete and submit various regulatory and statutory returns as required.
Be responsible for management of year-end activities, ensuring all pupil leavers and joiners are processed correctly and that deposits are refunded appropriately.
Assist with ad-hoc financial projects and initiatives to support the Directors and other stakeholders in the Group

Required Skills & Qualifications:

Experience of working in a finance or accountancy environment - ideally within Education sector - Private, Independent,
Experience of Purchase Ledger, Nominal Ledger, Sales Ledger, Bank Reconciliations, and Payment Portals.
Experienced in the production of financial statements, cash flow forecasts, and management accounts.
Experience of managing and training a finance team.
Experience of using a Finance system like SAGE 200, advanced PC skills, especially Excel.
Experience of building strong effective relationships with various stakeholders.
Excellent communication (written and oral), presentation, and interpersonal skills.
Flexible in their approach and willing to get “hands-on” to ensure jobs get done for the good of the schools.

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Financial Controller

Job Description - Financial Controller

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