Purpose of the Job
Assisting in overall financial planning and control of the schools including but not limited to Budgeting, Forecasting, Variance analysis, and reporting, Compliances etc.
Responsible for the accuracy, reliability and integrity of accounts, and financial statements. Direct supervise and control School Fee Income, Book sales, Uniform Sales, Trasport Charges Income, payable and receivable functions of the schools and ensure that related financial reports are prepared and submitted on agreed cutoff dates.
Job Accountabilities
- Supervising Accounts Department of schools under the group and manage overall finance function of the entities with sound internal controls, recoding of the transactions, preparing budgets, monthly reporting, monitoring accounts receivable and monthly billing and suppliers payments etc. Assist with the Management team with various assignment, relating to the entities under the group.
- Assist in the preparation of annual budget, monthly forecasts, financial statements, cash flow forecast against budget, quarterly VAT returns etc.
- Assist in managing the receivable, Invoicing, Payables, Bank Accounts, and VAT module by continuous verification, reconciliation, and improvement of its systems, processes, and applications.
- Verify the accounting and period closing transactions, Invoice generation, Collection reports, payable and receivable invoices, reconcile student income and ensure the accuracy of the income.
- Coordination with bank teams for various banking activities, assist in processing online payments and validating the payments and receipts and assist Management Team for arranging banking facilities for the group entities.
- Maintain proper records for all banking related payments, receipts, credit card payments, credit card receipts and reconcile the statements on regular basis and ensure the accuracy of the accounting, provide management reports on regular basis to the Management Team.
- Assist the Management team to manage the company ERP system and optimize the business processes
- Assist Management Team for complying with the UAE Corporate Law, VAT regulations and maintain the required records and file the returns as per the deadlines set by the authorities.
- Assist in company Risk Management process and coordinate with various parties for establishing business risk mitigation plans.
- Manage Internal and external audits and any specific assignments given by the management.
- Responsible to providing Monthly, Quarterly dashboards for business operations, and managing and designing fortnight flash reports, monthly and quarterly and annual reports.
- Critically review all the accounting, finance and operating process of business to recommend policies and procedures with internal control perspective in order to
- achieve the objectives and goals of organization.
- Assist in developing SOP's and establishing workflows and optimizing the SOPs for the business operation.
- Lead & manager the accounts team.
- Assist the Management Team for smooth running of the company operation and Business and allocation of financial resources and smooth running of the finance function of the companies under the management.
- To maintain the confidentiality of the information under possession due to nature of work.
- To review and analyze the expenses critically and suggest venues and process to reduce and/ or control cost in various business activities.
- Any other ad hoc administrative duty as requested by the Line Manager or Management staff.
Qualifications & Education
Bachelor's or master's degree in finance or accounting. Professional qualification like CA/CPA/CIMA is an added advantage.
Experience
5 - 6 years of experience in similar role with at least 3 years of experience as Assistant Manager Finance role in GCC in any large and reputed organization preferably Schools or service organization.
Knowledge & Skills
- Knowledge of Financial reporting and systems, experience in handling audits, budget planning, forecasting and cash management
- Strong customer service skills and the ability to manage situations promptly and professionally, meeting commitments for service and assistance.
- Able to maintain effective communication at all times.
- Analyses complex problems and develops alternative solutions.
- Strong knowledge in VAT and CT regulations
- Experience in School ERP systems
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