Area Financial Manager

Area Financial Manager (AFM)

Edison Schools is the nation’s leading partner with public schools and school districts focused on raising student achievement through its research-based school design, uniquely aligned assessment systems, interactive professional development, integrated use of technology, and other proven program features.

Job Description:

The Area Financial Manager (AFM) plays a crucial role in the Edison organization. Providing complete oversight and management of financial activities within their Area, the AFM bridges the needs among several groups: Edison Finance (HQ), Charter Boards, Principals and site staff, and the General Manager. The AFM needs a strong accounting background based in public accounting, education/governmental accounting, or both. The AFM must be a leader who is able to confront difficult issues head-on in a professional manner, offer solutions, and be ready to roll up their sleeves and contribute hands-on. The position reports to both the Division Controller and the Area General Manager.

RESPONSIBILITIES:

Financial Management
Lead the development and submission of the annual budget by partnering with principal, General Manager and Charter Board for each site.
Lead the development and submission of monthly estimates. Analyze actual results (P/L and Balance Sheet), explain budget variances, and proactively introduce action plans to principal and charter board in order to improve results and stay within budget. Update assumptions (e.g. funding rates) thoroughly and timely.
Assess risks by developing a comprehensive understanding of funding guidelines, Edison contract terms, for each site.
Calculate and record accruals based on fact-based analysis.Oversee purchasing approval for AFMU and sites.
Sign and approve Petty Cash checks.

Compliance and Reporting
Lead person on charter audits and grant audits. Coordinate schedule with auditors, prepare analyses and reconciliations for auditors, provide supporting documentation, etc.
Ensure budgeted, actual and estimated spending is applied against proper grants, and comply with grant stipulations.
Understand and implement accounting practices from state and local authorities. Prepare and submit financial statements in statutory format.
Review income statement on a monthly basis to ensure accuracy for each site.Reconcile Petty Cash and Activity Accounts.
Reconcile site payroll to ensure accuracy and alignment with budget.
Manage retirement requirements and deductions and review for compliance periodically.

Unit Management
Manage staff and ensure each staff member is properly trained and cross-trained.
Ensure AFMU is in compliance with all Standard Operating Procedures.
Document procedures and guidelines (e.g. operational procedures, guidelines and drivers for funding, mapping for statutory reporting).
Oversee Student Information Systems. Ensure proper implementation, support and reporting.

Client Management
Develop positive relationship with site personnel to ensure that on-site recordkeeping is orderly and complete to support audit and grant compliance.
Manage district billing and client collections as needed.
Provide support to client finance committees and charter boards as needed. Attend board meetings and conduct frequent site visits.
Coordinate and Review District Paid Expenses with client.
Provide support for the financing of special projects, as necessary.
Educate client on Edison financial reports and how they translate to board format (ongoing).
REQUIREMENTS



QUALIFICATIONS:BS in Accounting/Finance or related field (MBA/CPA preferred)
Extensive accounting and financial reporting knowledge and experience7 years business services/financial management experience
3 or more years of supervisory/leadership experienceExperience in budgeting and forecastingFamiliar with statutory reportingComputer literate in a variety of financial/accounting software, Excel and LawsonProven ability to set and adhere to schedules
Record of strong follow-through and responsiveness
Knowledge and experience in student accounting systemsAbility to work independentlyGrant accounting experience is a plus
Excellent interpersonal skills and ability to manage relationshipsCertified as a Business School Official a plus (state dependent)
Willing to travel: Approximately 25 - 33%


Interested candidates should email their qualifications and resume (with DPD602 in the subject line) to: [Click here for email].

EOE

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