- Location
- Karachi
- Workplace
- Onsite
- Type
- Full-time
- Department
- Finance
- Experience
- 8+ years
- Closing date
- Today
- Source
- CareersPage
Description
Position Title: Head of Finance | Karachi Onsite
Job Description:
To lead the school group's finance and accounts function, ensuring accurate reporting, effective fee collection, sound financial controls and disciplined financial planning across all campuses.
Key Responsibilities
*1. Financial Leadership and Planning**
* Prepare annual budgets, cash-flow forecasts and financial plans for the school group and individual campuses.
* Advise management on financial sustainability, resource allocation, fee structures and major expenditure.
* Evaluate the financial feasibility of new campuses, property arrangements, renovations and educational investments.
* Monitor campus performance against budgets and recommend corrective action.
**2. School Fee Management**
* Oversee fee billing, collection, reconciliation and outstanding balances across campuses.
* Ensure approved admission fees, tuition fees, concessions, scholarships, refunds and withdrawals are recorded correctly.
* Produce campus-wise fee collection and overdue balance reports.
* Coordinate respectful, consistent follow-up with campus teams while maintaining confidentiality.
* Ensure concessions, write-offs and refunds receive appropriate authorisation.
**3. Accounting and Management Reporting**
* Supervise the general ledger, receivables, payables, bank reconciliations and monthly closing.
* Deliver timely monthly management accounts, including income and expenditure, cash flow, budget variances and campus-wise performance.
* Ensure consistent accounting treatment for advance fees, security deposits and other school receipts.
* Maintain accurate records of inter-campus transactions and reconcile balances.
* Present clear financial insights and emerging concerns to the Managing Director.
**4. Payroll and Staff Payments**
* Oversee payroll processing in coordination with HR.
* Verify approved appointments, salary revisions, attendance adjustments, deductions and final settlements.
* Ensure salaries and approved statutory payments are processed accurately and on time.
* Maintain controls over payroll changes and access to confidential salary information.
**5. Internal Controls and Expenditure**
* Establish approval limits, payment procedures and segregation of duties across the accounts function.
* Review procurement requests, quotations, supplier payments and supporting documentation.
* Control petty cash, cash handling, banking and campus-level expenditure.
* Maintain asset registers and oversee periodic verification of school equipment and other assets.
* Identify financial irregularities, investigate discrepancies and recommend preventive measures.
**6. Audit and Compliance**
* Coordinate external audits and maintain complete, accessible supporting records.
* Oversee applicable tax filings, withholding obligations and other statutory financial requirements.
* Coordinate with external advisers on requirements relevant to educational institutions.
* Track audit findings and ensure corrective actions are completed.
**7. Accounts Team and Systems**
* Lead, train and assess central and campus accounts staff.
* Establish clear responsibilities, reporting deadlines and service standards.
* Improve the integration of fee management, accounting, payroll and school management systems.
* Ensure financial data is secure, access is controlled and records are backed up appropriately.
Qualifications and Experience
* Qualified Chartered Accountant, preferably an ICAP member.
* At least 8 years of relevant finance experience, including 3 years in a senior supervisory or leadership role.
* Experience in a school group, educational institution or comparable multi-location organization is strongly preferred.
* Demonstrated expertise in budgeting, fee receivables, payroll, audit, internal controls and financial reporting.
* Strong accounting software, spreadsheet, analytical and team management skills.
* High integrity, discretion and the ability to explain financial matters clearly to non-finance colleagues.
Key Performance Indicators:
* Accuracy and timeliness of monthly accounts and reporting.
* Fee collection performance and reduction in overdue balances.
* Cash-flow forecast accuracy and budget discipline.
* Accurate, timely payroll and statutory submissions.
* Completion of reconciliations and resolution of audit findings.
* Compliance with approval procedures and financial controls.
* Improved efficiency and accountability across campus accounts teams.
Other Details:
Location: Karachi.
Salary: Market Competitive
Working Days: Monday to Saturday (Alternate Saturdays off)
Timing: 9:00 pm to 5:00 pm.
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