Role Summary We are looking for a Finance Lead to join our team. The ideal candidate will be responsible for overseeing all financial operations, including billing, payroll, and accounts payable, while ensuring the financial health of our nurseries. The Finance Lead will report to the Operations Manager and will line manage a Finance Assistant.
Proven experience in a finance management or lead role, preferably within the education or nursery sector.
Proficiency with payroll software and a demonstrated ability to help us on our digital journey by implementing efficient, modern financial processes.
Proficiency with financial software, specifically Xero and Dext.
A bachelor's degree in Finance, Accounting, Business Administration, or a related field.
A full driving licence.
Key Responsibilities Financial Reporting and Auditing
Produce quarterly Profit & Loss (P&L) statements to provide a clear overview of financial performance.
Carry out monthly audits to accurately monitor occupancy and fee income across all settings.
Conduct quarterly financial audits to ensure accuracy and compliance.
Attend monthly management meetings with the management team, Operations Manager, and Directors to discuss any financial concerns.
Agree on transactions in both Dext and Xero to ensure accurate bookkeeping.
Billing and Accounts Receivable
Manage all monthly billing runs and ensure fees are accurately calculated and invoiced.
Calculate and create new fee policies for new starters.
Calculate annual fee increases, create new fee policies for all children, and liaise with the nursery management team to roll out the increases.
Allocate daily fees to the correct accounts to maintain up-to-date records on our parent portal.
Assist the nursery manager with fee-related complaints.
Payroll and Staff Administration
Manage payroll deductions for sickness and additional hours on a daily basis, keeping wage sheets up to date.
Calculate and manage annual leave entitlements for all staff.
Liaise with external accountants for payroll and any other financial related matters, meeting with them quarterly.
Line manage a Finance Assistant, providing guidance and support to ensure team goals are met.
You will be required to spend two days per week at each nursery setting (Heaton and Gosforth) and one day per week at the Heaton head office.