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Financial Controller

St Mary's Educational Society
Hitech City, Hyderabad, India
Date Added: Jul 12, 2022

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Description

The Company 

 

The International Schools Partnership (ISP) is a growing group of committed colleagues, in financially responsible schools around the world, all of which aim to be the school of choice in their local area. Learning is at the heart of     everything we do for our students, colleagues, and parents. We are committed to getting better, all the time.

 

ISP was founded by an experienced team of committed educationalists and operators who have worked together over many years. Our growing group of private schools located in the UK, the USA, Canada, Spain, Italy, Switzerland Costa Rica, the United Arab Emirates, Qatar, India, Malaysia, Mexico, Chile, Colombia, Ecuador and Peru and Vietnam educate children and students from 2–18 years of age.  We have now expanded to 60 schools in 16 countries that employ over 8,000 employees and deliver multiple curricula to over 50,000 students.

 

ISP has established in India, following the acquisition of our first school in 2022. We are located in Hyderabad where we have ambitious plans to develop and further grow the new India region both through construction (greenfields) and acquisition of existing schools in India. The India region forms part of the Asia Division, which leads other Asia locations in Malaysia and Vietnam.

 

Our Vision is to be an international schools group of quality and scale recognised across local communities and the education sector for amazing learning, ambition and growth. We believe that successful schools are the ones that put learning first, always aiming to create rounded individuals that are able to forge successful careers and lives in a rapidly changing world. Progressively, our goal is to position our schools as the leading School of Choice in their local area.

All our schools:

  • Help children and students learn to levels that amaze them.
  • Inspire children and students to be successful now and equip them to be successful later.
  • Are truly international, working in partnerships within and across regions, cultures and
  • Aim to be the schools of choice for children, students and their families, wherever we are.

PURPOSE

The Finance Controller’s role enhances and improves the financial operations and governance of the organization. This position is responsible for the accounting, financial reporting and financial operations of the organization, including the production of monthly financial reports, maintenance of an adequate system of accounting records, a comprehensive set of controls designed to mitigate risk, enhance the accuracy of the schools reported financial results, and ensure that reported results comply with international financial reporting standards.

DUTIES AND AREAS OF RESPONSIBILITY

 

Core Finance

•         Oversee the operations of the Accounting Department, including the design of an organisational structure adequate for achieving the department's goals and objectives

•         Update and enhance the financial policies and procedures of the school and maintain a documented system of policies and procedures

•         Design internal control systems for all departments to ensure the safeguarding of school assets and monitor and enforce internal controls

•         Ensure the efficient operation and integration of the accounting system throughout the school

•         Ensure the timely reporting of all monthly and annual financial information

•         Ensure general ledger and financial statements are complete and accurate

•         Perform general ledger reconciliations including deferred income and other account analysis

•         Each month end, update a ‘month end’ folder with detailed balance sheet reconciliations for all balance sheet items

•         Daily cash reporting and monthly bank reconciliations

•         Manage the production of the annual budget and forecasts

•         Liaise with banks, audit, legal and tax providers as necessary

•         Comply with government reporting requirements and tax filings

•         KPI and performance monitoring

•         Maintain the fixed asset register by supervising the recording of all items in the inventory, maintaining pertinent records and ensuring adequate treatment of fixed asset acquisitions and disposals

•         Manage payables, receivables and invoicing functions of the school efficiency

•         Monitor debt levels and compliance with debt covenants

•         Prepare monthly budget variance reports and work with the FD on corrective actions

•         Provide financial analysis for decision support including capital investments, pricing decisions, and contract negotiations

•         Assist the group with gathering data and preparing reports for key personnel as requested

•         Ensure the school always has adequate insurance cover

•         Liaise with suppliers and clients when needed to ensure the smooth running of the day-to-day operations

•         Reviewing of operational contracts to ensure “best value” is achieved

•         Provide financial analysis for decision support including capital investments, pricing decisions, and contract negotiations

•         Assist the group with gathering data and preparing reports for key personnel as requested

•         Prepare and submit payroll to the bank

•         Supervise the Accounts Department, which includes enhancing the department development and setting the departmental objectives

•         Enforcing the group authorisation limits table

•         Ad hoc duties as required 

Procurement

•         Overseeing procurement of goods and services using best practice model and ensuring best value

•         Establishing of robust systems of control for purchase of goods and services

Statutory Compliances

•         Ensure that the legal entity is fully compliant

•         Establish effective relationship various stakeholders – Management, Board of Directors, Auditors and Consultants

•         Establish and use effective methods to review and improve financial and compliance processes/systems

•         Ensure all appropriate records are maintained

PROFILE

·       Bachelor’s Degree in Finance; Finance specific certification

·       Chartered Accountant or equivalent

·       Minimum 10 years accounting experience.

·       English is mandatory

SKILLS AND KNOWLEDGE

Competencies:

A self-starter managing a varied workload and deadline driven

  • Ability and commitment to seeing a change process through from start to finish
  • Excellent communication and people skills at all levels
  • Presentation skills with the ability to present information in a concise and professional manner. Ability to coordinate and collate data
  • IFRS knowledge
  • Health and Safety Awareness
  • A dynamic, positive approach to deliver the school’s vision
  • Demonstrate an understanding of & commitment to our best practice model
  • Good knowledge and information of school operations preferred
  • Skilled in the use of finance and accounting system
  • Organization skills: well organized and able to prioritize tasks and workload
  • Safeguarding and welfare of children
  • A collaborative team-player with excellent interpersonal skills
  • Demonstrated competency to use computer applications related to the role, including word processing and spreadsheet applications
  • Record keeping and report preparation methods
  • Dealing with external advisors (bank, auditors, tax etc.)

Attributes:

  • Empathetic listener and patient
  • Integrity and confidentiality
  • Internationally minded
  • Emotional intelligence
  • Intercultural awareness
  • Flexible and a can-do attitude

ISP is committed to safeguarding and promoting the welfare of students and expects all staff to share this commitment. Successful applicants for people working with children will undertake a Disclosure and Barring Service (DBS) or Criminal Record Bureau (CRB) clearance from the country of origin.

 

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