Director, Accounts & Finance

Shanto-Mariam University of Creative Technology; United Kingdom; On-site; GBP 40,000 - 60,000; Full time

Job summary

A leading educational institution in the United Kingdom is seeking a qualified professional to manage accounting policies and financial reporting. The role involves preparing financial statements, managing cash flow, and ensuring compliance with statutory norms. Candidates should have experience in accounting and familiarization with financial software is a plus. This position plays a critical role in financial governance within the university.

Qualifications

• Strong knowledge of accounting principles and financial reporting.
• Experience with Tally/IMES software is preferred.
• Ability to analyze and prepare financial statements.

Responsibilities

• Develop and implement accounting policies and procedures.
• Prepare and verify financial reports accurately and timely.
• Manage cash flow and ensure compliance with financial regulations.

Job description

Responsibilities

General:

• To develop and implement accounting policies, coordinate all activities of the accounting systems and procedures, and prepare operating data and special reports (including interim and year-end financial statements) as required.
• To maintain the University`s system of accounts and keep books and records on all sorts of the University`s transactions and assets.
• To timely submit all financial reports accurately.
• To prepare the Yearly Budget, compare the budgeted expenses with the actual ones and find the variance.
• To verify the compliance of the financial statutory norms, internal processes and procedures with the required BAS/IFRS.
• To ensure and follow up that all accounting data/transactions are properly recorded in the Tally/IMES software before preparation of Monthly Financial Statements.
• To prepare and follow up daily expenditure statements and to check their compliance with the Budget Variance Report (VPR).

Treasury:

• Following up and monitoring incoming and outgoing cash effectively on a daily basis.
• Finalizing cash requirements and cash position on the basis of budgetary needs and financial reports.
• Signing of cheques against the finally approved bills with prior communication with the Treasurer and the Honorable Chairman, BoT, regarding bill approval (where necessary).
• Approving the cash summery report on daily basis after closing payment and reconciling with the ERP software and submitting it to the Treasurer and Honorable Chairman, BoT.
• Reviewing and taking steps for improvements in cash management and ensuring that the financial obligations are met in accordance with UGC policies and procedures.

Payable:

• Ensuring maintenance of integrity and accuracy in all financial transactions and reports.
• Resolving complex billing issues through communication with the concerned departments/sections/ units and suppliers.
• Ensuring the validity of all bills before the final approval.
• Overseeing the financial strategic planning of the University (involving receipts and payments) by evaluating its performance and potential risks.

Receivable:

• Ensuring preparation of students' dues lists and circulation of those to the concern departments for information and verification.
• Monitoring the amount of cash received from students (for all departments) and submitting a quarterly report on this to the Finance Committee.
• Resolving non-payment disputes with the concerned students.
• Overseeing the procedure for processing and organizing records, bills and invoices, and ensuring maintenance of quality at every step.
• Ensuring and following up all filing procedure regarding students' fees collection/documentation in a timely manner and keeping the related documents up-to-date.
• Ensuring proper entry of students' scholarship amounts in to ERP software (in order of Money Receipts) according to each student's ledger and following up of adjusted journal for scholarship.

Taxation:

• Delivering a full range of tax services in compliance with laws and regulations within the timeframe.
• Liaising with the tax lawyer to deal with the matters related to Appeals/Tribunals.
• Liaising with the Tax Circle Office for any queries/file updating/any other issues related to Accounts & Finance.
• Providing all necessary documents to the tax lawyer/NBR Office after prior discussion with the higher authorities.

External Audit:

• Ensuring that all expenses are properly verified in a timely manner.
• Liaising with the University Grant Commission (UGC) in the matter related to submission of the panel of External Auditors and finalization of the Statutory Auditor from the panel.
• Coordinating with the External Auditor for finalizing the yearly Financial External Audit.
• Ensuring preparation and maintenance all Statutory Books and records in a way so that those are readily available for Statutory Audit.
• Coordinating and following up of statutory documents/vouchers for Annual Audit.

MIS (Accounting & Finance):

• Monitoring and ensuring that the accounts and finance related functions of the existing automation software work properly.
• Suggesting the University Authority and/or the people of the IT Support Section regarding continuous improvement of automation in accounting and finance related affairs.