FINANCE MANAGER - EXPENSES
Purpose of Role
To lead the academic and administrative functions of the school, ensuring a safe, inclusive, and effective learning environment. The Principal is accountable for student achievement, staff development, operational excellence, parental engagement, and community-building that aligns with the mission and vision of TIPS.
ISP Principles
Begin with our children and students.
Our children and students are at the heart of what we do. Simply, their success is our success. Wellbeing and safety are both essential for learners and learning. Therefore, we are consistent in identifying potential safeguarding and Health & Safety issues and acting and following up on all concerns appropriately.
Treat everyone with care and respect.
We look after one another, embrace similarities and differences and promote the well-being of self and others.
Operate effectively.
We focus relentlessly on the things that are most important and will make the most difference. We apply school policies and procedures and embody the shared ideas of our community.
Are financially responsible.
We make financial choices carefully based on the needs of the children, students and our schools.
Learn continuously.
Getting better is what drives us. We positively engage with personal and professional development and school improvement.
Role Definition
Responsibility Deliverable
- Budget Preparation and Tracking
- Expenses Management Accounting & Auditing Payments
- Payroll & Statutory Payments
Tasks & Activities
- Budgeting, Tracking and Expenses Management
- Tracking Expenses and Reimbursements
- Expense forecasting, budgeting and financial planning
- Cost Control
- Event – budget review and fund allocation
- Preparation of MIS Reports
- Verification and documentation of cash collection and cash expenditure
- Accounting & Auditing
- Entry and Maintain the Expenses section of Tally.
- Advance Tax and Professional Tax Working
- Preparation of Books for Tax Audit.
- Insurance Renewal, Property Tax and water Tax. Payments
- All Bills Receivables and Payable
- Vendor statement verification
- Verification and approval of bills for Payments (EB/ Internet/Transport/Mess/Purchase)
- Monthly / Weekly payment Cycle and Schedule process.
- Maintenance of Advance register and payment register for each campus
- Ensure the money reaches the vendors on time and the same is updated in I Campus and tally
- Cheques to be printed and not hand-written.
Key Performance Indicators (KPIs)
- Reduce Expenses by 2% from overall budget allocation
- Maintaining Expense tracker for each department and restricting expenses and conducting review with all departments every month and also with management
- Budget finalization for the next academic year before 15th March
- 100% Accuracy in payments and accounts maintenance
- Payment cycle and on time payments
- Presenting the EBITDA projections in August, November, January, and April/May to the board
Skill
- Visionary
- Multitasking and Task manager
- Communication – Clarity and Clear
- Decision Making and Problem Solving
- Strategic Thinking
- Networking
- Persuasion
- Collaborative
- Team Building
- Research Skills
Knowledge
- Tally
- Auditing
- Taxations
- Budgeting and Forecasting
- Trust registrations and regulations
- Private limited and Partnership companies/firm's registrations and regulations
Traits
- Principled and Cultured
- Team Oriented
- High energy
- Persistence
- Honesty and Integrity
- Approachable
- Empathetic
- Diplomacy
- Humility
Motives
- Self-Development with Organizational Growth
Values
- Values matching with the Mission of the TIPS
- Commitment and Passion
ISP Commitment to Safeguarding Principles
ISP is committed to safeguarding and promoting the welfare of children and young people and expects all staff and volunteers to share this commitment.All post holders are subject to appropriate vetting procedures, including an online due diligence search, references and satisfactory Criminal Background Checks or equivalent covering the previous 10 years’ employment history.
ISP Commitment to Diversity, Equity, Inclusion, and Belonging
ISP is committed to strengthening our inclusive culture by identifying, hiring, developing, and retaining high-performing teammates regardless of gender, ethnicity, sexual orientation and gender expression, age, disability status, neurodivergence, socio-economic background or other demographic characteristics. Candidates who share our vision and principles and are interested in contributing to the success of ISP through this role are strongly encouraged to apply.
