Head of Finance @ leading Educational Institution

Job Summary

A well knows organization functioning in the education sector is looking for a Head of Finance for its Karachi office. The Head of Finance will be responsible for all matters pertaining to financial management, preparation of statements & reports, budget preparation, management and control, accounting, accounts receivable, accounts payable, fee collections, financial information system, fiscal planning, investment portfolio, and payroll disbursement.

• Participates in overall decision making as a member of senior management team of the organization. Key duties and responsibilities are as under;
• Prepare and interpret financial statements, reports and budget in a timely manner to assist the leadership in decision making.
• Presenting financial reviews through financial statements to the office bearers as and when require
• Assigns and delegates task to the finance team.
• Evaluates the performance of finance team with a view towards development and an emphasis on those individuals qualifying for future advancement.
• Implements and complies with orders and regulations issued by government agencies.
• Review and approves all disbursement vouchers submitted to signatories for payment.
• Ensure all banks are reconciled on monthly basis and have good working relationship with banks
• Examine and review and disburse staff payroll on time.
• Ensuring the effective financial controls across the organization.
• Providing meaningful analysis while setting/increasing fee structure.
• Advise board for channelizing the investments of surplus funds to get the maximum returns.
• Ensuring tight controls for the timely fee collection
• Making recommendations to ensure future growth during financial reviews
• Making financial feasibilities of any new projects/expansion and participating in business strategy
• Ensuring tight internal controls through development of clear financial policies manual, rules, Sops, authority matrix and making periodic changes as per requirement
• Liaison with IT Head in development of customized software (Financial and Inventory module), its successful implementation and also any additional module as and when needed
• Prepare financial budget and ensure budget vs actual spend reports on monthly basis along with variance analysis
• Responsible for supervising all tax related matters, liaison with the tax advisor/auditor to ensure withholding tax statements and annual tax return of the organization are prepared and submitted in a timely manner
• Liaison with auditors and conduct audit of the organization.
• Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements;
• Oversees receipts, disbursements, and recording of accounts
• Assist in pricing of books/notebooks and resource packs.
• Allocate resources and manage cash flows
• Develop secure procedures to maintain confidential information
• Ensure all accounting activities and internal audits comply with financial regulations
• Act as a strategic financial adviser to the Leadership, providing sound advice, guidance and information on organizational performance, risks and opportunities
• Any other Tasks assign by the supervisor

Required Skills

Master's degree in Finance/accounting, ICMA / ACCA/CA or a related field with at least 8 years of experience, directly related to the duties and responsibilities specified above, preferably in any academic institution(s), with at least 03 years at a senior level. S/he should be strategic thinker with Strong analytical skills, detail-oriented and exceptional organizational and multitasking abilities. Ability to communicate effectively (both orally and in writing) with school personnel, senior leadership, parents, government agencies and other stakeholders. Exceptional aptitude in financial activities management is required Hands-on experience with budgeting and risk management Excellent knowledge of data analysis, forecasting models and financial reporting Proficient in the use of MS Office and financial management software Leadership abilities