Finance manager in education

The Finance Manager builds Innotech’s finance function from the ground up and then leads it: accounting, tax, state grant reporting, budgeting, treasury and reporting to founders and international partners.

• Set up the finance function: accounting policy under IFRS, chart of accounts, 1C configuration, document flow and closing calendar.
• Recruit and lead accounting and finance team, or oversee outsourced accounting; ensure segregation of duties.
• Oversee the accounting function: review primary documents, accounting entries, period-end closing and reconciliation statements with counterparties.
• Ensure correct accounting for inventory, fixed assets and intangibles and capital projects.
• Ensure timely and accurate submission of tax, statistical and financial reporting to the authorised state bodies.
• Manage tax compliance under the Tax Code of the Republic of Kazakhstan: CIT, VAT treatment of educational and other services, payroll taxes and social payments (IIT, social tax, OPV, OPVR, OSMS, social contributions).
• Manage withholding tax on payments to non-residents and application of double tax treaties (certificates of tax residence).
• Ensure compliance with currency control rules on contracts with non-residents, including registration of contracts with the servicing bank.
• Prepare and submit reports to the Ministry of Science and Higher Education of the Republic of Kazakhstan on allocated grants, including reports on the targeted use and absorption of budget funds, with supporting documents.
• Maintain separate accounting of grant funds and monitor compliance with grant conditions.
• Reconcile grant funding with the grant student contingent (enrolment, transfers, expulsions) together with the Registrar.
• Prepare the Institution's budget, control its execution, perform plan-vs-actual analysis and prepare reports for management.
• Maintain the long-range financial plan and scenario models; prepare cash-flow forecasts.
• Link financial results to operating drivers: enrollment, student FTE, faculty/staff FTE, tuition rates, discounts/scholarships, cost per student, student/faculty ratio.
• Provide financial analysis for tuition pricing, discount and scholarship policy, new programs and capital decisions.
• Oversee tuition billing under student contracts, collections, instalment plans, refunds and receivables ageing.
• Ensure discounts, waivers and scholarships are applied per approved policy and reconciled with admissions and student records.
• Treasury management. Manage funding requests, bank relations, the payment calendar and foreign-currency positions.
• Approve and control payments under the approved delegation of authority.
• Oversee payroll, including contracts for local and foreign faculty (full-time, part-time, adjunct).
• Control the staff cost budget and headcount against plan.
• Prepare financial and management reporting for the founders and foreign partners.
• Prepare finance materials for the Board of Trustees and the General Meeting of Participants (quarterly reports, annual financial statements for approval, budget approval).
• Provide financial data for licensing, accreditation and MSHE monitoring.
• Liaise with audit firms and supervisory authorities; prepare responses to their requests.

• Higher education in Finance, Economics, Accounting and Audit, or a related field.
• At least 10 years of experience in finance or accounting, including at least 2 years in a management or supervisory position.
• Knowledge of the Tax Code of the Republic of Kazakhstan, legislation on accounting and financial reporting, and International Financial Reporting Standards (IFRS).
• Experience with budget and/or grant funding and with reporting to state bodies.
• Proficiency in 1C: Accounting and MS Office (advanced Excel).
• Fluent English and Kazakh.
• Attention to detail, high level of ownership and discipline, analytical mindset, ability to handle large volumes of information.
• Integrity and confidentiality.
• Hands-on approach in a start-up environment.
• Будет плюсом: Experience in educational organisations is a preferred

• Employment under the Labour Code of the Republic of Kazakhstan.
• Salary based on the results of the interview.
• Work in an international environment.
• Full-time, on-site in Almaty; probation period as permitted by the Labour Code.