Financial Operations Manager
24 hours ago
We are seeking a seasoned finance professional to spearhead our financial operations and drive strategic growth.
Key Responsibilities- Strategic Finance & Leadership:
- Develop and execute the organization's financial strategy, ensuring long-term sustainability and expansion.
- Provide accurate and timely financial insights to inform decision-making.
- Contribute to strategic planning, risk management, and policy development.
- Financial Management & Reporting:
- Prepare and present comprehensive financial statements, including Balance Sheets, Profit & Loss accounts, and Cash Flow statements.
- Collaborate with leadership and department heads to develop budgets and forecasts.
- Monitor financial performance, variances, and implement corrective actions as needed.
- Ensure robust internal controls and adherence to best practices in financial governance.
- Compliance & Regulatory:
- Ensure compliance with statutory and regulatory requirements, including income tax, GST, and education-sector-specific regulations.
- Manage expatriate staff payroll and taxation, ensuring compliance with international taxation norms and double-taxation treaties where applicable.
- Oversee audits (statutory, internal, and external) and liaise with auditors, consultants, and government authorities.
- Admissions & Fees Management:
- Oversee all finance-related aspects of the admissions process, including fee structures, invoicing, collections, and refunds.
- Implement transparent and parent-friendly financial processes aligned with the organization's ethos.
- Monitor fee receivables and manage collection processes to ensure healthy cash flow.
- Expatriate Financial Management:
- Manage tax equalization, relocation allowances, and compliance with home/host country obligations.
- Act as a key resource for expatriates to navigate financial, taxation, and compliance matters.
- Team & Operational Oversight:
- Lead and mentor the finance team to ensure efficiency, accuracy, and accountability.
- Oversee procurement, vendor management, contracts, and resource allocation.
- Communication:
- Ensure transparent communication with parents, staff, and external stakeholders on financial matters.
- 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.
- Familiarity with ERP/finance systems in education (e.g., Tally, SAP, Oracle, or school-specific MIS).
- Strong commercial acumen with ability to balance educational values with financial sustainability.
- Strategic thinker, problem solver, and collaborative leader.
- Integrity, transparency, and a commitment to the ethos and values of international education.
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