Location: Johannesburg, ZADate: 16 Oct 2024Inspired Education is the leading global group of premium schools, with a portfolio of 119 premium private schools in 27 countries spanning 6 continents which utilise proven educational practices from every corner of the globe, ensuring over 85,000 students receive a world-class learning experience from Kindergarten to Year 13.Founded in 2013 by Nadim M. Nsouli, Inspired is backed by investors such as Stonepeak, GIC, TA Associates, and the Oppenheimer and Mansour family offices. The Group is experiencing 20% per annum growth through acquisition, greenfield site expansion, and the development of existing schools within its portfolio. In 2023, Inspired was recognised by Beauhurst as one of the UK's top 10 highest-value private companies.POSITION SUMMARY:Responsible for maintaining overall management accounts of the school, liaising with Heads of school on school's monthly performance as well as managing the school's overall budget (Capex & Opex). Point of contact for school on any financial related matters.DEPARTMENTAL STRATEGY:Finance: To deliver accurate financial reporting, generating insight to management on opportunities for efficiencies and improvements ensuring that the finance function is a business partner. Build and strengthen the relationships with the headmasters.STRATEGIC CONTRIBUTION OF THIS POSITION:Ensure that Management accounts are accurate and timely complied and submitted to head office and provide Heads of school with guidance on accounting policies and procedures.POSITION PROFILE:Preparation and review of management accounts (P&L, BS and Cash Flow)Including variance analysisIdentification of exceptions and anomaliesRisk & opportunities to budgetAnalysis of costs and other statistical analysisMonth-end provision adjustments/journal (BD, audit fee etc.)Debtor related journalsDebtors with credit balanceAdvance fees etc.Oversee banking controls for schools:Banking transactional processing (interest, bank charges)FNB management, including cash transfers, recipient approval etc.Performance of monthly bank reconciliationsSalary and payroll journalsExceptional reporting and tax journalsPre-paid expense managementEnrolment and billing recon reviewCredit note approval and reviewCOGNOS and TM1 submissions for monthly management accountsRegular interaction with Heads of School to provide general financial support and feedback in relation to financial performanceGL master data management on TASS/Financial systemsPERFORMANCE INDICATORS:Monthly management account deadlines met, including timely query resolution from both school and head office management teamOverall responsibility for management accounts of each school as a divisional reporting packResponsibility of the following GL accountsIncome statementInterestExceptional income/exp.Tax and VAT submissionsBalance sheetBank and petty cashAdvance feesPre-paymentsSalary accountsCommercial DebtorsStaff loansBad debt provisionSub ledger responsibilityAll sub ledger review and reconciliationATTRIBUTES:Mature individual (not necessarily in age, but certainly in EQ)Highly MotivatedFlexible and adaptableRule focusedWORKING RELATIONSHIPS:INTERNAL:CFOFDSchool Heads & teachersHead office finance teamEXTERNAL:BankAuditorsParentsPOSITION DIMENSIONS:STAFF REPORTING:NoneSAFEGUARDING STATEMENT:Inspired Education Group is committed to safeguarding and promoting the welfare of children and young people and expects all staff, volunteers and other third parties to share this commitment. Safer recruitment practices and pre-employment background checks will be undertaken before any appointment is confirmed.
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