School Finance Manager job in London

School Finance Manager | Parkside

School Finance Manager

Role - School Finance Manager

Location - West London, near Kensington & Olympia

Salary - £50,000 - £55,000 with 30 days holiday plus bank holidays

08.00 - 16.30 all year round

The Finance Manager is responsible for managing and operating the schools financial processes and ensuring effective financial control and cash management. Reporting to the Bursar, the Finance manager will have experience of preparing management and financial accounts.


- Preparation of monthly and termly management accounts (income and expenditure) and balance sheet for reporting to the Bursar / Board

- Provide detailed financial management information as required

- Assist Bursar with budgeting process for all the schools

- Preparation of annual accounts

- Perform monthly balance sheet reconciliations journal postings (depreciation, prepayment, deferred income and accruals)

- Liaise with auditors regarding corporation tax and returns to HMRC

- Perform/review daily cash postings to ensure all relevant ledgers are properly maintained

- Bank, petty cash and credit card reconciliations

- Prepare journals as necessary and maintain the register for review by the Bursar

- Insurance, assisting with placement of insurance, dealing with insurance claim

- Accounting for funds including Deposits, Bursaries and Scholarships


- Responsible for monthly payroll cycle and ensuring payroll legislation is met

- Preparation of monthly payroll file for Bursar review

- Pensions: deal with all necessary matters, providing data and helping with compilation of Annual accounts. Completing forms required by the Regulator


- Adhoc reports for Bursar and Governors

- Undertake such other duties as may reasonably be required by Bursar, Exec and Governors

- Control the petty cash

- Maintain the archive of historical accounts files

- To carry out any other duties that might reasonably require from time to time according to the needs of the school

Additional Role Requirements:

- Work in a structured manner and meet monthly/quarterly/annual reporting deadlines

- Monthly RTI submission to HMRC

- Answer employee payroll queries

- Produce P11ds and P60s

- Pay scales – updating and ensuring consistency, checking against national pay scales

- Year-end payroll, Pension and HMRC reconciliation and submissions.

Cash flow:

- Monitor cash flow on a daily, monthly and annual basis

- Ensure current account contains adequate funds at all times

- Assist Bursar in forecasting future cash flow requirements


- Liaise with the banks and manage the day to day cash flow to maximise the interest without going overdrawn

- Maintain and control electronic bank and BACS services

- Assist in banking of cash and cheques as required

- Maintain the reconciliation of the main bank accounts

Annual Returns:

- Complete all statutory and financial returns as required


- Review of weekly payment run prepared by Accounts Administrator

- Review commercial contracts

- Understanding our stakeholders/customers' needs and delivery expectations

The ideal candidate will be

- Fully ACA/ACCA qualified

- Posses excellent communication skills

- Have experience in Education (desirable)

- Strong organizational, problem solving and analytical skills

- Have excellent IT skills

- The ability to work under pressure

Parkside Recruitment Ltd is acting as an Employment Agency in relation to this vacancy. Parkside Recruitment is an Equal Opportunities Employer.


  • Location: London
  • Job Title: School Finance Manager
Apply For This Job

Apply For This Job