Finance Business Partner

Job details

Reporting to: Senior Principal, Sri KDU National, Kota Damansara and Principal, Sri KDU International, Kota Damansara

Main purpose

Plays a key role in the school by working closely with various departments. The primary responsibilities typically include providing financial analysis, forecasting, and strategic insights to support decision-making.

Roles and responsibilities

Financial Planning and Analysis (FP&A)

Prepare monthly rolling forecast for Strategic Business Units (SBU) and report on timely manners to Central Office.

Produce robust monthly management reports with insightful analysis and interpretation of variances, against last year's performance, budget and forecast expectations.

Collate and maintain SBU historical data and prepare trend analysis.

Work closely with Campus Principal on monthly P&L review, highlighting significant variances and issues, advise and make suggestions for improvement and on long term business as well as financial planning to ensure that campus financial KPI's are met.

In charge of the SBU's financial forecasts, analysis, reporting, cashflow and budget including partnering with Central Team to optimize business performance and planning, to ensure the division's ability to provide strategic financial input for decision making on critical issues affecting business performance.

Assist in financial modelling and projections as and when required.

Account Receivable

Issue billings & receipts tuition fees, enrolment deposits and acceptance fees, camps, trips, recharges, sundry charges etc.

Reconciliation of accounts including fees in advance, rebates, discounts and bank reconciliations.

Maintenance and reporting of debtor aging on weekly and monthly basis to Central Office.

Raise journals for collection revenue and other school related revenue in accounting system i.e. Oracle NetSuite for month-end closing purpose.

Manage and monitor the bank obligations, credit control on debtors, payment, internal control and risk assessment of the school.

Statutory/Compliance

Assist Central Office in the company's year-end audits and taxation matters to ensure the full compliance to reporting deadlines, accounting standards and tax laws, which includes the preparation of relevant schedules to be provided to the auditors and tax agents to ensure their reliability.

At all times adhere to holding company's and local management's policies, standard operating procedures, accounting system, internal controls system and reporting requirements.

Others

Support Campus Principal to resolve and trouble-shoot on daily financial matters, including operating and capital expenditure planning, events and trips costing, financial reporting to Central Office.

Support school purchasing and approve Purchase requisition in system.

Support payables enquiries as and when required.

Evaluate and manage the adequacy of money insurance coverage within the school.

Motivate and train the supporting staff from time to time in relation to all financial functions, including accounts receivable, forecasting and budgeting.

Attend finance related meetings with parents and teachers

Finance PDPA & finance tasks as required

Fixed Asset Listing maintenance.

Ad-hoc calculations and project reviews.

Please note that this is illustrative of the general nature and level of responsibility of the role. It is not a comprehensive list of all tasks that the Finance Business Partner will carry out. The post holder may be required to do other duties appropriate to the level of the role, as reasonably requested and agreed with the Executive Principal.

Requirements

Professional Certificate, Degree in Finance/ Accountancy or its equivalent.

Experience

>5 years of working experience in finance functions (including accounts receivable experience, budgeting and forecasting)

Previous roles in the educational sector highly desirable.

Experience in finance/business partnering is preferable.

Skills and knowledge

Excellent customer service skills.

Excellent interpersonal skills and ability to build rapport with employees and parents.

Ability to deal with people at all levels.

Excellent written and verbal communication skills.

Strong accounting knowledge to deal with a range of reconciliations and analysis.

Excellent excel skills.

Able to work autonomously.

Strong time management and multitasking skills.

Strong analytical and problem-solving skills.

Personal qualities

Ability to work under pressure and prioritize effectively.

Complete given task within the time frame given.

Effective communication and interpersonal skills.