Financial Planning and Budgeting: Responsible for developing and overseeing the
school.
financial plans and budgets. This includes forecasting revenues and
expenses allocating resources efficiently and ensuring that financial goals are met.
Financial Reporting: They oversee the preparation of financial reports and
statements to provide accurate and timely information to CFO board members and
other stakeholders. These reports may include balance sheets income statements
cash flow statements and other financial analyses.
Financial Analysis: Conducting financial analysis to identify trends opportunities and
risks that may impact the schools financial health. This may involve analyzing revenue
streams expenditure patterns and costsaving measures.
Risk Management: Identifying and mitigating financial risks faced by the school. This
includes implementing internal controls monitoring compliance with financial
regulations and assessing the financial impact of potential risks.
Financial Policies and Procedures: Developing and implementing financial policies
and procedures to ensure compliance with relevant laws regulations and best
practices. This may include procurement policies expense reimbursement procedures
and financial reporting guidelines.
Cash Flow Management: Managing the schools cash flow to ensure liquidity and
optimize the use of financial resources. This may involve monitoring cash inflows and
outflows managing investments and optimizing banking relationships.
Financial Oversight: Providing oversight and guidance to finance staff members
ensuring that they adhere to established financial policies and procedures and meet
performance targets.
Strategic Financial Planning: Collaborating with school leadership to develop long
term financial strategies aligned with the schools mission and goals. This may involve
assessing the financial feasibility of new initiatives expansion projects or capital
investments.
Financial Compliance: Ensuring compliance with relevant financial regulations tax
laws and reporting requirements. This includes staying uptodate on changes in
regulations and advising school leadership on compliance issues.
Stakeholder Relations: Building and maintaining positive relationships with internal
and external stakeholders including board members auditors regulatory agencies
donors and vendors.