Finance Manager
Interactive Values School
Total years of experience :25 years, 11 Months
• Accountable for overall financial operations including development and management of the school budget, the borrowing and investing of money and the management of accounts receivable and payable.
• Evaluate information and consult with the senior team and Governing body to prepare a realistic and balanced budget for school activities.
• Discuss, negotiate and agree the final budget; use the agreed budget to actively monitor and control performance to achieve value for money.
• Identify and inform the Principal and Governing body on the causes of significant variance and ensure prompt corrective action.
• Provide ongoing budgetary information to relevant people to update them on the financial status of the school.
• Maintain a strategic financial plan that will indicate the trends and requirements of the school development plan and will forecast future year budgets.
• Identify additional finance required to fund the school’s proposed activities.
• Handle the HR activities in recruiting and on-boarding competent staff by conducting interviews, selecting best employees, preparing job descriptions and monitoring their performance, prepare staff contracts, payroll and social security; follow up with all government issues and 3rd party contracts.
• Maintain good communication and positive relationships with employees to promote employee satisfaction; address their demands, grievances or other issues through positive and professional mediation.
• Provide leadership to the finance and accounting team and other operational and administration departments to enable strategic foresight into the business and provide accurate information to the senior management.
• Handle company’s financial operations and a multitude of accounting tasks to achieve financial objectives and improve profitability, cash flow, minimize financial risks and support business growth.
• Formulate and implement financial plans, and develop financial management mechanisms to minimize the financial risk of the company.
• Monitor accounting data, maintain accounting records for each transaction, ensure appropriate preparation of general ledgers, trial balance and financial records and keep accounting filing system as order.
• Manage all month/year-end activities, accounts payable/receivable, general ledger, treasury, fixed assets, revenue and expenditure variance analysis, month-end accruals, payroll, etc.
• Develop annual budget in coordination with senior management, prepare cash flow analysis, review company bottlenecks and recommend changes to improve the level of company throughput.
• Ensure that critical financial analyses are performed to determine present and forecasted financial health of the company; present potential scenarios and outcomes to the senior management team.
• Prepare various financial reports including income statements, balance sheet, profit & loss statements, and analysis of future earnings or expenses; ensure that regulatory requirements of all statutory bodies are met.
• Monitor and review accounting and related system reports for accuracy and completeness; report, analyze and ensure integrity of all financial information.
• Render directorate support in areas of HR including budgeting, headcount, and other managerial issues.
• Directed all financial disciplines across the organization including financial planning, analysis, budgeting, forecasting, reporting, cost control as well as administration initiatives through the finance team.
• Compiled and managed all related budget and forecasts data and information till the final preparation and submission to the senior management team.
• Assisted senior management in developing annual budget, prepared cash flow analysis periodically and accordingly recommended improvements; analyzed the income statement and recommended the means to decrease expenses.
• Monitored operational budget and reported to management on variances from the established budget along with the reasons for those variances.
• Analyzed, evaluated and reconciled complex financial data to arrive at accurate conclusions and recommendations; reviewed and verified the accuracy of financial data and information.
• Monitored and analyzed the organization's financial performance to ensure meeting of financial and overall business goals and objectives.
• Prepared and reviewed budget, revenue, expense, payroll entries, invoices, and other accounting documents.
• Prepared monthly, quarterly & annual internal financial reports including P&L Statement, Balance Sheet, year-end financial reports, as well as other periodic reports in a timely manner.
• Liaised with auditors (internal and external), checked the audit reports, and requested correction wherever necessary and applicable within the scope of acceptable accounting principles.
• Managed full cycle financial accounting, prepared and maintained books of accounts, coordinated month/year-end activities, accounts payable/ receivable, GL, budgeting, revenue and expenditure variance analysis.
• Provided leadership to Junior Accountants, assisted in annual budget preparation and advised management on matters of fiscal procedure and importance for the academy.
• Prepared journal entries and reconciled general ledger entries; monitored, recorded and reconciled academy’s operating expenses, accruals entries and accounts.
• Monitored all accounting transactions, verified transactions to assess the accuracy of journal entries, scrutinized income-expenditure, maintained all accounting ledgers and reviewed all account reconciliations.
• Supervised the closure of daily/monthly books of accounts, provided timely explanations of variances between actual results and forecasts/budgets, and suggested corrective actions to management, where necessary.
• Prepared, examined, and analyzed accounting records, financial statements, and other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
• Managed full cycle financial accounting, prepared and maintained books of accounts, coordinated month/year-end activities, accounts payable, GL, budgeting, revenue and expenditure variance analysis.
• Prepared and reviewed budget, revenue, expense, payroll entries, invoices, and other accounting documents.
• Managed the PSA and GSA accounts (accounts receivable) and controlled the stock of paper ticket and e-ticket (VRS); regularly coordinated and followed up with the inventory and stores team.