Finance Manager

King’s College Taunton
Finance Manager
£48,000 – £58,000 plus excellent benefits and holiday
Reporting to the Director of Finance and Operations you will provide operational management of the finance department of the school, ensuring accurate financial reporting, appropriate financial controls are in place, that cash is managed prudently and that the department provides timely and relevant support to the business
Key Responsibilities include:
Manage the finance team and the day to day running of the Finance Department to support the operation of the Prep and Senior School and subsidiary companies.
Prepare management accounts, including balance sheet for the School and its subsidiaries each month showing the financial performance and position of each entity compared with budget, and produce a concise commentary on variances and other matters of significance and review with the DFO
Providing information for the DFO and Finance and Council meetings as required
With the DFO, prepare annual budgets for review
Manage the annual audit and prepare audit files for submission by required date and manage the audit onsite field work team
Prepare the annual Statement of Financial Activities and Balance Sheets for the School and its enterprise and international companies
Assist DFO in preparation of annual Directors’ Report
Prepare monthly cash statements and aged debtor analyses
Prepare cash flow statements each term
Ensure the fixed asset register is maintained and depreciation calculated accurately
Ensure that all intercompany transactions are properly reflected in the accounts of each company and in the consolidated financial statements of the School
Prepare group VAT returns for the School’s and subsidiaries and monitor non-VATable transactions for the Charity in respect of registration requirements
Reverse VAT charges for overseas agents
Liaise with VAT consultant where necessary
Corporation Tax Returns for trading subsidiaries in conjunction with advisor
Reconcile bank accounts for restricted funds and analysis of fund market values and ensure all other bank accounts are reconciled monthly (fees and operating accounts)
Reconciliation (and supervision) of all major nominal ledger control accounts
Liaising with overseas partner schools re income and payments
Reporting on investment portfolios
Daily management of cash and optimisation of income from cash deposits
Managing daily posting of all fees and operating bank accounts by Finance Team
Managing the purchase ledger operation.
Accurately managing accruals and prepayments and reporting for audit
Recognising all non-fee/other income appropriately including donations, restricted and non-restricted
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