Duties The Finance Manager is responsible for managing and operating the school’s financial processes and ensuring effective financial control and cash management. Reporting to the Bursar, the Finance manager will have experience of preparing management and financial accounts. Accounts: • Preparation of monthly and termly management accounts (income and expenditure) and balance sheet for reporting to the Bursar / Board. • Provide detailed financial management information as required. • Assist Bursar with budgeting process for all the schools. • Preparation of annual accounts. • Perform monthly balance sheet reconciliations journal postings (depreciation, prepayment, deferred income and accruals). • Liaise with auditors regarding corporation tax and returns to HMRC. • Perform/review daily cash postings to ensure all relevant ledgers are properly maintained. • Bank, petty cash and credit card reconciliations. • Prepare journals as necessary and maintain the register for review by the Bursar. • Insurance, assisting with placement of insurance, dealing with insurance claim. • Accounting for funds including Deposits, Bursaries and Scholarships. Payroll: • Responsible for monthly payroll cycle and ensuring payroll legislation is met. • Preparation of monthly payroll file for Bursar review. • Pensions: deal with all necessary matters, providing data and helping with compilation of Annual accounts. Completing forms required by the Regulator. • Monthly RTI submission to HMRC. • Answer employee payroll queries. • Produce P11ds and P60s. • Pay scales – updating and ensuring consistency, checking against national pay scales. Cash flow: • Monitor cash flow on a daily, monthly and annual basis. • Ensure current account contains adequate funds at all times. • Assist Bursar in forecasting future cash flow requirements. Banking: • Liaise with the banks and manage the day to day cash flow to maximise the interest without going overdrawn. • Maintain and control electronic bank and BACS services.
• Assist in banking of cash and cheques as required. • Maintain the reconciliation of the main bank accounts. Annual Returns: • Complete all statutory and financial returns as required.
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