About Role

Position: Senior Finance Manager
Location: Kathmandu, Nepal
Employment Type: Full-Time
Salary: Competitive (based on qualifications and experience)

Lead the Financial Health and Strategy of Our Organization!
"Drive operational excellence, strategic decision-making, and financial success as a key leader in our team."
We are seeking a highly skilled and proactive Senior Finance Manager to oversee financial operations, provide guidance to key departments, and develop strategies that enhance organizational growth. This is a unique opportunity to lead finance functions while supporting admissions and finance officers to achieve operational efficiency.

Key Responsibilities:
Financial Operations and Management:

• Oversee tuition fee collection, including reminders, overdue follow-ups, and intake-wise updates.
• Manage payroll processing, including lecturer payments on a fortnightly basis.
• Approve and process agent commission payments, ensuring accuracy in XERO.
• Handle refund calculations and payments and maintain accurate records of all transactions.
• Perform bank reconciliations in XERO for regular and high-frequency payment periods.
• Generate and approve student invoices as per offer letters, scholarship letters, or changes in CoE.
• Reconcile suspense accounts monthly and provide detailed financial reports

Budgeting and Financial Forecasting:

• Develop and manage annual budgets, ensuring alignment with organizational goals.
• Prepare financial forecasts to identify growth opportunities and address potential risks.
• Conduct variance analysis to monitor financial performance and suggest corrective actions.

Compliance and Reporting:

• Ensure PRISM compliance for visa-rejected offshore students and maintain adherence to regulatory requirements.
• Manage and approve invoices for extensions, suspensions, and course changes.
• Prepare and submit IAS for lodgment with auditors and oversee quarterly BAS submissions.
• Conduct annual STP finalization and provide financial reports to management as required.

Guidance and Leadership:

• Provide expert guidance and support to the admissions staff on fee-related queries and processes.
• Mentor and supervise the finance officers, ensuring accuracy and efficiency in daily operations.
• Foster a collaborative work environment and encourage professional growth within the finance and admissions teams.

Administrative and Strategic Tasks:

• Collaborate with admissions staff to address queries related to student fee payment status and compliance.
• Provide payment plans and installment options to students on a case-by-case basis.
• Draft, verify, and approve agent commission bills and trainer payments in XERO.
• Support trainers with payroll updates, batch payments, and payslip emails.
• Address inquiries from students and agents regarding financial and payment-related matters

What We Expect From You

• Financial Tools Expertise: Advanced proficiency in XERO for accounting, invoicing, reconciliation, and payroll processing.
• Budgeting and Forecasting: Strong knowledge of financial planning, budgeting, and forecasting techniques.
• Compliance Knowledge: Understanding of PRISM compliance and local/international financial regulations, including BAS, IAS, and STP standards. 
• Data Analysis and Reporting: Proficiency in preparing detailed financial reports, variance analysis, and budget performance reviews.
• Leadership Skills: Proven ability to lead and mentor finance and admissions teams.
• Technical Proficiency: Expertise in Google Workspace (Sheets, Docs, Drive) and ERP systems for financial management.
• Problem-Solving: Analytical mindset to address discrepancies and implement efficient financial workflows.

Candidate Requirements:

Educational Qualifications:

• Fully qualified CA (Chartered Accountant), ACCA (Association of Chartered Certified Accountants), or MBA in Finance.

Experience:

• Minimum of 3 years of experience as a Finance Manager or in a senior finance role.
• Proven experience in budgeting, financial forecasting, and compliance in an international or large-scale organization.
• Industry Knowledge: Experience in the education sector or working with international organizations is a plus.
• Soft Skills: Strong communication, leadership, and collaborative abilities to work effectively across teams.

What We Offer

• Competitive Compensation: A rewarding salary package between NRS 100,000–NRS 150,000 reflecting your skills and experience.
• Leadership Opportunity: Take charge of critical financial operations and mentor a dynamic team.
• Strategic Impact: Drive budgeting, forecasting, and financial planning to shape the organization’s future.
• Global Exposure: Collaborate with international agents, auditors, and stakeholders in a multicultural environment.
• Professional Growth: Access opportunities for continuous learning, certifications, and career advancement.
• Supportive Environment: Join a team committed to innovation, collaboration, and achieving excellence

About Sumat

SUMAT Associates, founded in 2020, is focused to increasing the global presence of Australian educational institutions in Southeast Asia. The agency specializes in developing strategic relationships, managing student recruitment, and implementing focused digital marketing strategies for the education industry. With a strong network that includes over four Australian schools, SUMAT has successfully enrolled thousands of students from South East Asia. The firm blends integrity, innovation, and expertise to provide its partners with long-term growth and increased reach. SUMAT Associates is the go-to expert for educational establishments who want to understand the complexity of international student recruiting.