Who is Kido?
Kïdo is a network of innovative international nurseries.
We take elements from Montessori, Reggio Emilia and Waldorf Steiner, and combine them with beautiful learning spaces and 21st century technology. Our customized experiences are the most effective way for children to develop their cognitive, social, physical and creative abilities.
Our vision is to create a truly modern Early Years environment that meets the needs of both children and their parents.
We now have 21 Nurseries across 3 countries (India, US and the UK) and almost 400 employees which is a growing number!
What is the role?
Kido is about to embark on a journey of growth, opening more nursery schools in our current markets and also opening schools in new markets too. With the expected growth over the years, it is critical that we have the right people within our organization to make us successful, and ensure we are offering high quality education to our children across all of our centres.
We are looking for a Finance Manager, based in India who will be responsible for managing and maintaining accounts for the UK schools, financial reporting on the UK schools, ensuring correct invoicing and follow ups on collections and adhering to the Finance Policy for the UK. This person will work with the team based in the UK to fulfil their responsibilities. This person must have comprehensive knowledge of the entire working of the school and the finance function to make them extremely effective.
This role will report to the CEO, UK, who is based in London and a dotted line reporting to the Group Head of Finance. They will have primary day-to-day responsibility for planning, implementing, managing and controlling all financial-related activities of the company in the UK, including direct supervision of the relevant finance staff based in India and the Operations team in the UK.
This will include direct responsibility for accounting, finance, annual audit, invoicing, payroll / benefits administration, forecasting, and financial reporting. Must be willing to gather external benchmarks to develop reasonable goals and financial models, both short and long term.
What will you do?
- Work with the teams on the annual budget process. Budget process will include annual and long-range operational and capital budgets. Manage the development of an annual budget, budget projections for strategic planning, as well as separate budgets for each school campus and the school support center team. Uploading the budgets into Fathom and generating the reports as and when required.
- Leadership and oversight of financial compliance function assuring that the organization and each of its schools is compliant with all authorized, state regulations and requirements.
- Maintain and update fiscal calendar for all reporting deadlines including, but not limited to, audit schedule, tax reporting, initiation of annual budget process and monthly close dates.
- Performing duties as required in response to requests from regulators and auditors; timely filing of all requisite forms with the appropriate authorities
- Maintain comprehensive understanding of Kido Schools UK and related entities’ annual reports, including operating budget, capital expenditures and annual payroll
- Oversee the maintenance of appropriate insurance policies. Plans and carries out a risk management program, to protect the welfare of students, and staff; protect the assets of the school and limit the liability of staff, administration and the Board. Works with insurance advisors and brokers to ensure that adequate, appropriate and cost-effective insurance is in force, including liability, property and casualty, directors and officers, workers compensation and healthcare.
- Deliver timely reports to the leadership team, school leaders, Finance Committee, Board of Directors.
- Manage the Invoicing process and to make sure that the revenues are booked on a timely manner.
- Review and analyze monthly income statement, balance sheet, cash flow projection and variance reports.
- Manage and execute year-end audits and work with external auditor to ensure clean financial audits with an unqualified opinion. Implement any qualifications and improvements suggested by the auditors
- Manage and oversee all treasury functions, including but not limited to bank accounts, investments, operating cash, credit cards and other negotiable instruments.
- Assure that all business affairs are conducted in a legal and professional manner
- Responsible for oversight and collection of aged accounts receivable.
- Ensure that effective internal controls are in place and ensure compliance with GAAP and applicable state and local regulatory laws and rules for financial and tax reporting.
- VAT returns