Deputy Finance Director

Position Overview:

NCBIS is looking for Deputy Finance Director to ensure the stability of the
school's finances and
prepare reports for management on the School financial status. Ability to make
important decisions about
future investments or budgets accordingly with broad knowledge to all
accounting, financial and business
principles.

Reports to: Finance and Compliance Director
Responsibilities
Manages annual budget process collaborating with the Head of School and
Finance Committee and
proposes annual budget to the Board of Trustees.
Recommends tuition levels and fees for the school year.
Prepares and presents budget and expense reports for the board/finance
committee, including variance
analyses and forecasts.
Manages capital expense budget and fixed assets.
Takes an active role in banking relations, debt negotiations, and compliance,
cash management and
investing.
Organize and coordinate with other financial departments the monthly,
quarterly & year end closing
process in order to meet the school reporting deadlines.
Review all manual journals and general ledger, assuring its accuracy,
supporting documents, reviewed and
approved by the concerned manager.
Prepare monthly-consolidated financial statement i.e. Income statement &
balance sheet that matches
with the school & local requirements for internal and external users. Provide
financial analysis to assist
the senior management in decision making.
Ensure that the financial accounting transactions expenses are complying with
group standard operating
procedures and satisfy local requirements.
Apply new reporting models to the school's accounting system and update the
chart of account to meet
latest user's requirements.
Deal with external parties' i.e. external auditors and support them with
required report and supporting
documents and at the same time confirm the accuracy of their reports and that
it matches with our
figures.
Prepare monthly expenses allocation in & out based on the services shared
between different
departments.
Effect financial disbursement audit and approval through reviewing effective
transactions.
Follow up rectification of any audit exceptions.
Prepare monthly reconciliation package between unison versus trial balance and
financial statements.
Reconciliation & analysis for assigned accounts on monthly basis.
Developing & implementing financial policies, procedures and systems.
Ensuring the consistent application of financial policies & procedures.
Participating in the development of internal financial control.
More Generic Responsibilities
Manage all time deposits & treasury bills.
Oversees all student billing and accounting, including management of past due
accounts.
Manage all accounting transactions.
Handle monthly, quarterly and annual closings.
Reconcile accounts payable.
Ensure timely bank payments.
Compute taxes and prepare tax returns.
Report on the schools' financial health and liquidity.
Audit financial transactions and documents.
Reinforce financial data confidentiality and conduct database backups when
necessary.
Comply with financial policies and regulations.
Administer payrolls and controlling income and expenditure.
Audit financial information.
Compile and present reports, budgets, business plans, commentaries, and
financial statements.
Any other duty that may be deemed necessary to achieve the requirements /
objectives of the job.
Update the accounts payable, taxes, expenses and financial discount accounts
balances on the school
banks to reflect the most recent situation.
Ensure that both banking and collection documents are retained as per the
school policy.
Monitor and keep records of school assets and calculate their depreciation.
Overview post transactions from different modules to general ledger, assure
their accuracy and review
reconciliation between different sub systems / modules and G/L balances.
Create new accounts upon request whenever necessary to be added to the chart.
Develop the monthly payroll entry as per the HR sheets in addition to the
related reconciliation for
relevant accounts; social insurance, Bonus, etc.
Qualifications
Bachelor's Degree in Commerce/ Accounting or related discipline.
‎15-‎20 years' experience in the field of accounting.
Excellent knowledge of the Accounting Standards.
Solid financial and commercial background.
Job Brief
Excellent English language speaking & writing.
Excellent Communication & negotiation skills.
Excellent PC & system knowledge.
**Interested Candidates to send their CVs on
[email protected]