Senior Financial Strategist

1 day ago

Mangalore, Karnataka, India beBeeFinance Full time ₹ 2,00,00,000 - ₹ 2,50,00,000

The role of a Financial Operations Director is a pivotal position in ensuring the long-term sustainability and growth of an educational institution.

This senior leadership position oversees the school's overall financial strategy, planning, and operations, driving efficiency, accuracy, and accountability.

Key responsibilities include:

Strategic Finance & Leadership
  • Developing and implementing the school's financial strategy to ensure long-term viability and expansion.
  • Providing timely and accurate financial insights to inform decision-making.
  • Contributing to strategic planning, risk management, and policy development.
Financial Management & Reporting
  • Preparing and presenting financial statements, including balance sheets, profit and loss accounts, and cash flow statements.
  • Collaborating with leadership and department heads to develop budgets and forecasts.
  • Monitoring financial performance, variances, and implementing corrective actions as needed.
  • Maintaining strong internal controls and adherence to best practices in financial governance.
Compliance & Regulatory
  • Ensuring compliance with statutory and regulatory requirements, including income tax, GST, corporate filings, and education-sector-specific regulations.
  • Managing expatriate staff payroll and taxation, ensuring compliance with international taxation norms and double-taxation treaties where applicable.
  • Liaising with auditors, consultants, and government authorities to oversee audits (statutory, internal, and external).
Admissions & Fees Management
  • Overseeing all finance-related aspects of the admissions process, including fee structures, invoicing, collections, and refunds.
  • Implementing transparent and parent-friendly financial processes aligned with the school's ethos.
  • Monitoring fee receivables and managing collection processes to ensure healthy cash flow.
Expatriate Financial Management
  • Managing tax equalization, relocation allowances, and compliance with home/host country obligations.
  • Acting as a key resource for expatriates to navigate financial, taxation, and compliance matters.
Team & Operational Oversight
  • Leading and mentoring the finance team to ensure efficiency, accuracy, and accountability.
  • Overseeing procurement, vendor management, contracts, and resource allocation.

The ideal candidate will possess:

  • A Chartered Accountant (CA) or equivalent professional qualification.
  • Minimum 5-7 years of progressive financial leadership experience, with at least 3 years in the education sector or international schools.
  • Knowledge of statutory requirements in all matters concerning school finances, including Society law, GST, FCRA, PF Act, taxation etc.
  • Proven knowledge of expatriate taxation, payroll, and compliance.
  • Strong track record in preparing and analyzing balance sheets, P&L, budgets, and financial forecasts.
  • Demonstrated ability to ensure compliance with statutory requirements and liaise with auditors/regulatory authorities.
  • Excellent interpersonal skills with cultural sensitivity, particularly when working with expatriates and diverse communities.

Prior experience in an international or IB/IGCSE school environment is desirable. Familiarity with ERP/finance systems in education is also advantageous.

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