At a Glance
- Tasks: Oversee finance for independent schools, manage accounts, and ensure accurate fee collection.
- Company: Join a prestigious group of Independent Schools in West London, dedicated to excellence in education.
- Benefits: Enjoy a dynamic work environment with opportunities for professional growth and development.
- Other info: Hands-on role with opportunities to lead financial projects and initiatives.
- Why this job: Make a real impact on students' education while working in a supportive and collaborative culture.
- Qualifications: Experience in finance/accountancy, ideally in education; strong Excel skills and team management experience required.
The predicted salary is between 43200 - 72000 β¬ per year.
An excellent opportunity has arisen for an experienced Financial Controller to join a prestigious group of Independent Schools based in West London. We are seeking a dynamic and commercially astute Financial Controller who will oversee finance-related duties for a division of the schools within the Group.
Day-to-day of the role:
- Manage the financial accounting for assigned schools, ensuring all fees, expenses, and transactions are recorded accurately and promptly.
- Work closely with school admission teams to raise and issue tuition fee invoices to parents according to the billing cycle.
- Prepare and process monthly direct debit collections and maintain the billing ledger, ensuring all transactions are up-to-date and reconciled.
- Communicate with current and prospective parents regarding fee payments, responding promptly to queries.
- Monitor and manage the collection of school fees, disbursements, and additional charges, using the Group's processes for debt recovery as required.
- Liaise with relevant staff to ensure accurate completion of forms to claim Early Years Funding (EYF), where applicable.
- Monitor supplier payments to ensure authenticity, accuracy, timeliness, and value for money.
- Prepare monthly management accounts, including reconciliation of control accounts, variance analysis, and budgets.
- Maintain and manage key balance sheet areas such as fixed assets, accruals, and prepayments.
- Prepare and maintain financial forecasts and support school leaders in adhering to budgets.
- Completion of month-end processes and ensure that all finance deadlines, including billing and supplier payments.
- Manage and oversee the work of the assigned finance assistant, ensuring quality and timeliness of their outputs.
- Oversee trip finances, ensuring full reconciliation of trip income and costs.
- Ensure the correct application of VAT on both income and expenditure, and complete quarterly VAT returns.
- Work with HR and payroll to ensure the accurate recording and reporting of employment costs.
- Develop, review, and implement school financial policies to maintain strong internal controls & financial practices.
- Prepare accounting records for annual audits, liaise with auditors, and assist the Director of Operations with the preparation of annual accounts and supporting schedules.
- Complete and submit various regulatory and statutory returns as required.
- Be responsible for management of year-end activities, ensuring all pupil leavers and joiners are processed correctly and that deposits are refunded appropriately.
- Assist with ad-hoc financial projects and initiatives to support the Directors and other stakeholders in the Group.
Required Skills & Qualifications:
- Experience of working in a finance or accountancy environment - ideally within Education sector - Private, Independent.
- Experience of Purchase Ledger, Nominal Ledger, Sales Ledger, Bank Reconciliations, and Payment Portals.
- Experienced in the production of financial statements, cash flow forecasts, and management accounts.
- Experience of managing and training a finance team.
- Experience of using a Finance system like SAGE 200, advanced PC skills, especially Excel.
- Experience of building strong effective relationships with various stakeholders.
- Excellent communication (written and oral), presentation, and interpersonal skills.
- Flexible in their approach and willing to get βhands-onβ to ensure jobs get done for the good of the schools.
Financial Controller in Brentford employer: Reed
Join a prestigious group of Independent Schools in West London, where we prioritise a supportive and collaborative work culture that fosters professional growth and development. As a Financial Controller, you will benefit from competitive remuneration, opportunities for training and advancement, and the chance to make a meaningful impact on the financial health of our schools while working in a vibrant educational environment.
StudySmarter Expert Adviceπ€«
We think this is how you could land Financial Controller in Brentford
β¨Tip Number 1
Familiarise yourself with the specific financial systems mentioned in the job description, such as SAGE 200. Having hands-on experience or even completing a short course on this software can give you an edge during interviews.
β¨Tip Number 2
Network with professionals in the education finance sector. Attend relevant events or join online forums to connect with others who work in similar roles. This can provide insights into the role and potentially lead to referrals.
β¨Tip Number 3
Prepare to discuss your experience in managing finance teams and how you've developed strong relationships with stakeholders. Be ready with specific examples that demonstrate your leadership and communication skills.
β¨Tip Number 4
Research the group of Independent Schools you're applying to. Understanding their values, mission, and any recent news can help you tailor your conversation and show genuine interest during the interview process.
We think you need these skills to ace Financial Controller in Brentford
Some tips for your application π«‘
Tailor Your CV:Make sure your CV highlights relevant experience in finance and accountancy, particularly within the education sector. Emphasise your skills in managing financial statements, cash flow forecasts, and your familiarity with finance systems like SAGE 200.
Craft a Compelling Cover Letter:Write a cover letter that showcases your understanding of the role and the specific needs of the independent schools. Mention your experience in managing finance teams and your ability to build strong relationships with stakeholders.
Highlight Relevant Skills:In your application, clearly outline your skills in areas such as Purchase Ledger, Nominal Ledger, and Bank Reconciliations. Provide examples of how you've successfully managed financial processes and improved efficiency in previous roles.
Proofread Your Application:Before submitting, carefully proofread your CV and cover letter for any errors or typos. A polished application reflects your attention to detail, which is crucial for a Financial Controller role.
How to prepare for a job interview at Reed
β¨Showcase Your Financial Expertise
Be prepared to discuss your experience in finance and accountancy, particularly within the education sector. Highlight specific examples of financial statements you've produced or how you've managed budgets effectively.
β¨Demonstrate Strong Communication Skills
Since the role involves liaising with parents and school staff, practice articulating your thoughts clearly. Prepare to give examples of how you've handled queries or communicated complex financial information in an understandable way.
β¨Familiarise Yourself with Relevant Software
If you have experience with finance systems like SAGE 200 or advanced Excel skills, be ready to discuss them. Consider bringing examples of how you've used these tools to improve financial processes or reporting.
β¨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities, especially regarding fee collection or managing financial discrepancies. Think of scenarios where you've successfully navigated challenges and be ready to share those stories.