Job
Description
Role & responsibilities The position will be part of the core leadership team, responsible for driving the Finance, Accounts, Secretarial, and Legal functions. Being a member of the top management team of the institution, the incumbent will participate in developing and evolving the strategic financial plans and ensuring their successful implementation. The institution is striving for accelerated growth and is preparing to modernize and optimise its operations. The person will be responsible for driving the organisations strategy with an emphasis on governance, efficiency, sustainability, and performance. Additionally, the role will support the governing board with financial insights for better strategy execution and decision-making. Qualifications: Must be a Chartered Accountant (CA) Experience: A minimum of 25 years of experience in finance, with at least 5 years as Head of Finance, CFO, or in an equivalent role. Additionally, 3 years of experience in the education sector would be an advantage. • Provide strategic leadership to the overall Finance and Legal functions, ensuring they are properly organized, staffed and developed. • Develop tools and systems to provide critical financial and operational information to the Governing board / Finance Committee and make actionable recommendations on both strategy and operations • Assist in establishing monthly, quarterly and yearly financial objectives Executive management • Will serve as a member of the management leadership team • Participate in key decisions pertaining to strategic initiatives, operating models, and • operational execution • Assist in the elaboration of organization policies, code of conduct • Advice the Board on strategic issues and corporate planning and provide inputs towards major • / critical financial/legal decisions in terms of financial viability, current financial position, risk/return metrics and evaluation and covenants restricting future strategic decisions • Financial Planning and Analysis • Overview preparation & monitoring of budgets • Submit regular financial reports to the Governing board, including monthly profit and loss by each entity (Actual vs Budget). • Implement thorough analysis of financial results, (level of profitability, appropriateness of costs incurred, adequacy of the fee structure). • Overview of financial business plans and feasibility studies • Performance review - review procedures relating to the preparation of the institutions • plans/budgets/forecasts and controls pertaining to key finance activities, monitor • adherence to the relevant processes, and policies and take timely action in case of deviations. • Operational and process improvement - Identify areas of improvement in all operations of the institution and set systems and processes to control and manage the financial and commercial operations through appropriate financial management and reporting systems, controls, procedures, and processes. Lead cost control and optimization • Provide budget and contract analysis and monitor contract compliance. • Oversee long-term budgetary planning and cost management in alignment with • institution’s policy • Oversee cash flow planning and ensure availability of funds as needed and investment • guidelines Accounting and Administration • Enhance financial and accounting systems, operational processes and internal controls. • Overview of daily/weekly/monthly closing activities including customer, and bank reconciliations. • Oversee preparation of monthly, quarterly and yearly financial statements in compliance • Responsibility for all tax-related matters such as Income & indirect taxes, GST, import duty, • transfer pricing, etc. • Supervise the payroll administration • Develop and manage all financial processes, in line with the business strategy, plans and • processes, while ensuring adequate financial controls, discipline, and statutory compliance. • Prepare and participate in audits including but not limited to, Statutory audits, Internal Audits, • physical verifications of assets, etc. • Develop policies and procedures on purchasing activities and prepare vendor and management reports analysing purchasing practices. • Create and ensure adherence to organizations policies including but not limited to fee policy, • subsidy policy, billing, and collections policies. • Ensures timely and accurate reporting of financial and management reporting for • management and board. • Responsible for all aspects of finance, accounting and compliance with emphasis on both: • Internal process management and control, including reporting, accounting, taxation, audit requirements, statutory compliance, and operational management
