ParentPay Group is Europe’s leading software product company and the UK’s largest education technology business. We are on a mission to bring next-generation innovation to positively impact on the lives of millions of parents, teachers, and students every day in over 49 countries. 

 

Our market leading products use cutting edge cloud-based technology to streamline school processes, including secure web and mobile apps that enable secure online payments for school items such as meals, trips, clubs and uniform, improve parental engagement, simplify meal management and - through our product SIMS - collect and manage a database of student information and core school operations. 

 

ParentPay Group’s new offices in Pune are a fantastic tech hub for those looking to boost their careers in software product development.

 

Our bright team FastTrack their career with international exposure and ways of working based on agile development best practices from globally renowned technology consultancies.

1. Cash & Banking Operations:

               • Oversee daily cash application and allocation activities across all banking channels.
               • Ensure accurate recording of receipts, payments, transfers, bank charges, interest, and other banking transactions.
                • Review and approve banking transactions in line with company policies and delegated authority limits.
                • Monitor daily cash positions and support working capital and liquidity management.

  2. General Ledger Accounting & Reconciliations:                   • Ensure accurate GL posting of all cash and bank-related transactions.
               • Review and approve journal entries, accruals, reversals, corrections, and reclassifications relating to cash and banking activities.
               • Ensure timely investigation and resolution of aged reconciling items.
               • Possess strong accounting knowledge to assess the impact of postings, reversals, adjustments, and corrections on the Profit & Loss statement, Balance Sheet, and Cash Flow.
              • Support month-end, quarter-end, and year-end close activities and ensure accurate financial reporting.
    3. Intercompany Payment & Settlement Management:
               • Manage and oversee intercompany funding, payment transfers, and settlement activities.
              • Ensure intercompany cash movements are accurately recorded and reconciled between entities.
              • Coordinate with global finance teams to resolve intercompany mismatches and outstanding balances.
              • Maintain compliance with transfer pricing, treasury, and company policies where applicable.

   4. Team Leadership & Stakeholder Management:
             • Lead, coach, and develop the Cash & Banking team.
             • Partner with Accounts Receivable, Accounts Payable, Financial Control, Audit, and Business Finance teams.
             • Act as key contact for banking partners and internal stakeholders.
    5. Process Improvement & Controls: 
             • Drive automation and continuous improvement initiatives. 
             • Strengthen internal controls, compliance, and audit readiness. 
             • Develop and maintain SOPs and process documentation. 

Exp: 12+ Yrs
 • Strong experience in Cash & Banking Operations, Cash Application, or Operational Finance.
• Strong understanding of GL accounting, journal entries, Bank reconciliations, accruals, reversals, and financial controls.
 • Experience managing intercompany payment transfers and settlements.
• Ability to understand the impact of accounting transactions and corrective postings.
• Experience leading finance teams in a shared services or multinational environment.
• Advanced Excel and ERP knowledge
Preferred Qualifications:
• Degree in Accounting, Finance, or related discipline.
• ACA, ACCA, CIMA, CPA, or equivalent qualification preferred.
Key Competencies:
• Leadership & People Development 
• Financial Control & Governance 
• Accounting Knowledge & Commercial Awareness 
• Problem Solving & Analytical Thinking 
• Stakeholder Management 
• Continuous Improvement Mindset 
• Accountability & Ownership