Role & responsibilities
Roles & Responsibilities of Finance Manager:
Budgeting and Planning:
Develop and manage the organization annual budget.
Monitor spending and allocate funds appropriately.
Plan for future financial needs and create long-term financial strategies.
Accounting and Financial Reporting:
Maintain accurate financial records and books.
Prepare and present financial reports to school administration and governing bodies.
Ensure compliance with financial reporting standards and regulations.
Payroll Management:
Oversee payroll processes and ensure employees are paid accurately and on time.
Handle payroll tax compliance and reporting.
Cost Control:
Monitor expenses to ensure they remain within budget.
Identify opportunities for cost savings and implement cost-cutting measures.
Financial Analysis:
Conduct financial analysis to assess the organization’s financial performance.
Provide insights and recommendations to improve financial outcomes.
Cash Flow Management:
Manage cash flow to ensure the organization has sufficient funds for daily operations.
Plan for seasonal variations in cash flow.
Audit and Compliance:
Coordinate internal and external audits and ensure compliance with applicable laws and regulations.
Implement audit recommendations to improve financial controls.
Investments and Fund Management:
Oversee investment strategies and manage the organization’s investment portfolio.
Ensure investments align with the organization’s financial goals and risk tolerance.
Contract Management:
Review and negotiate contracts with vendors and service providers.
Monitor contract performance and manage associated costs.
Risk Management:
Identify financial risks and develop strategies to mitigate them.
Oversee insurance coverage to protect the organizations assets.
Fundraising and Grants:
Assist with fundraising efforts and grant applications.
Manage and monitor funds received from donations and grants.
Communication and Collaboration:
Communicate financial information and updates to finance head.
Collaborate with other departments to support the organization’s overall goals and objectives.
The finance manager’s role is essential for maintaining the financial stability and sustainability of the school, ensuring that it can continue to provide quality of the organization.
Preferred candidate profile
Perks and benefits