Job Description
Position Overview
- Wellington College International Lagos is currently seeking to recruit a Director of Finance . He / She will work with the Headmaster and WCIL Board to ensure exemplary financial leadership and management for the school, including oversight of external Service Level Agreements.
- The successful candidate will be a key member of the Senior Leadership Team and report to the Headmaster on a day-to-day basis. The Director of Finance will also be responsible for financial report to the WCIL Board of Governors, including the Operating Company.
Key Responsibilities
Strategic Financial Leadership & Planning:
- Financial Strategy: Partner with the Head of School and the Board of Governors to develop and implement long-term financial strategies that support the school's educational vision and expansion plans.
- Budgeting & Forecasting: Lead the annual budgeting process. Prepare comprehensive financial forecasts, cash flow projections, and scenario models to ensure financial stability and sustainable growth.
- Capital Expenditure (CAPEX): Appraise and manage major capital projects, including campus development, infrastructure upgrades, and technology investments.
Accounting, Reporting & Control:
- Financial Reporting: Prepare accurate and timely monthly, quarterly, and annual management accounts for the Board and executive leadership.
- Audit & Compliance: Act as the primary liaison for external and internal auditors. Ensure compliance with all national statutory reporting requirements, tax regulations, and international accounting standards.
- Internal Controls: Design, implement, and monitor robust financial policies, procedures, and internal controls to safeguard the school’s assets and prevent fraud.
Commercial & Revenue Management:
- Fee Management: Oversee the tuition fee billing and collection process. Develop and enforce effective debt recovery policies while maintaining positive relationships with parents.
- Contract Negotiation: Manage and negotiate commercial contracts with external vendors, including catering, transport, facility management and maintenance, and IT service providers, ensuring maximum value for money.
- Ensure Service Level providers understand and deliver expected performance standards, responsibilities and costs.
- Alternative Revenue Generation: Identify and evaluate opportunities to maximize non-fee income, such as facility rentals, summer programs, or sponsorships.
Risk Management & Governance:
- Risk Assessment: Maintain the school’s risk register. Identify financial, operational, and legal risks and implement effective mitigation strategies.
- Insurance: Oversee the school’s insurance portfolio, ensuring adequate coverage for the estate, staff, students, and liabilities.
- Payroll & Benefits: Oversee the payroll function, ensuring accurate and timely compensation for all academic and non-academic staff, including the management of expatriate benefits and tax structuring.
Requirements
Education & Professional Certifications:
- Bachelor’s or Master’s degree in Finance, Accounting, Economics, or Business Administration.
- A recognized professional accounting qualification is mandatory (e.g., ICAN, ACCA, ACA, CPA, or CIMA).
Required Experience
- 10+ years of progressive school financial management experience, with at least 3–5 years' operating at a senior leadership level
- Prior experience working as a Bursar within the education sector (specifically premium or international schools) is highly desirable.
- Proven track record in managing complex budgets, cash flow, and driving commercial negotiations.
- Experience managing cross-functional teams and presenting financial data clearly to non-financial stakeholders, such as a Board of Governors.
Core Competencies:
- High level of commercial acumen and strategic thinking.
- Excellent interpersonal and communication skills, with the tact to handle sensitive fee-related discussions with parents.
- Strong proficiency in modern financial management software and ERP systems.
- Impeccable integrity, ethical standards, and cultural sensitivity.