Director - Finance - School Group

Director of Finance - School Group

- This well established group of schools offers K-12 education and currently operates multiple schools in an emerging SE Asian country. Reporting to the Managing Director and Founder and Chairman, the Director of Finance will be responsible for all financial reporting and financial management aspects of the Group of Schools.

- This includes leadership and coordination of financial business planning, accounting, financial analysis, financial reporting, budgeting, corporate finance and fund-raising

Responsibilities :

Financial reporting and budgeting :

- Coordinate the preparation of the annual budget, financial statements, financial reports, special analyses, and information reports.

- Ensure the maintenance of appropriate financial records and ensure audits are completed on time and statutory book closing occurs.

- Preparation of monthly financial and KPI reports and presentation to the Board of Directors during quarterly meetings.

Treasury and cash flow management :

- Overall working capital and cash flow management.

- Maintain and develop relationships with commercial banks.

Risk management :

- Oversee the approval and processing of revenue, expenditure, control documents, department budgets, salary updates, ledger, account maintenance, and data entry.

- Assess and maintain finance, accounting, billing, and auditing procedures.

- Assess and maintain appropriate internal control safeguards.

Revamp Finance department :

- Assess and maintain short- and long- term departmental goals, objectives, policies, and operating procedures.

- Assess and train members of the finance team to ensure capabilities to achieve department and Group goals; make replacements where necessary.

Operational efficiencies :

- Work with Executive Management Team to develop and maintain accurate costing methods.

- Systematically optimize cost structure to drive profitability, including ensuring efficient procurement and internal resource allocation/management.

Other responsibilities :

- Collaborate with peers such as the Heads of Schools, Head of Marketing, Head of Human Resources, Head of Legal and Head of Facilities, Director of School Operations and Director of Academics.

- Participate in the road show to look for new investors to take over from the exiting PE firm, hold court when presenting to potential investors, clean up outstanding external audits, and ensure all financial statements are well prepared.

- Maintain good public relations with parents, businesses, and community groups to provide information, receive feedback, and represent the school.

- Exercise proactive leadership in promoting the vision and mission of the school and empower others to make decisions and carry out responsibilities in support of the school's objectives.

CANDIDATE SPECIFICATION :

- The ideal candidate for this role will have knowledge of the education sector and it is an advantage if the candidate knows Indonesia and the nuances of working in Indonesia. It is also an advantage if the candidate has knowledge of multi-site K-12 international schools through work experience or at least as a parent.

Profile :

- The successful candidate is likely to be an executive with 10+ years- experience and a degree in Finance/Accounting with a minimum of 5 years in a senior finance leadership role.

- High degree of intellect with professional qualifications.

- Good operating and commercial sense having gained meaningful experience across different facets of finance such as: audits and financial reporting, financial analysis and planning, cost control and variance analysis, corporate finance.

- Experienced in the implementation of processes, systems, and controls as well as in managing effective collections.

- Prior experience in K-12 or the larger Education sector in South East Asia or India, ideally in Indonesia and within a private equity environment would be advantageous.

- It is ideal if the candidate can speak Bahasa since many of the direct reports- preferred language is Bahasa.