Our Client, an educational organization of high repute is looking for qualified men and women of proven character and commitment to selfless service, national and international academic standing, with a high level of creativity, innovation and financial acumen, to fill the following vacancy.
The Bursar shall be the Chief Financial Officer of the University and shall be responsible to the Vice-Chancellor for the day-to-day administration and control of the financial affairs of the University.
S/He will be the Principal Officer of the University and, from time to time, provide expert advice on issues relating to investments, revenue generation, as well as disbursement of funds.
RESPONSIBILITIES
- He/She shall advise the Council, Vice Chancellor, Deans and other officers on finance related matters.
- Develop, implement and assess a computerized and manual financial and accounting management system, procedure and control systems.
- Coordinate the development and update the University financial management plans.
- Ensure the execution of annual audit of the university’s accounts in an efficient manner.
- Monitor funds received from donors and other agencies to ensure that they are used for the specified projects and ensure required reports are submitted on time.
- Coordinate the preparation of periodic income and expenditure, balance sheet and cash flow estimates and consolidation when necessary.
- Scrutinize the University’s monthly income and expenditure and balance sheet variances against approved spending plan.
- He/She shall ensure that accurate records are maintained of all local and foreign assets and liabilities held by the University.
- Monthly monitoring of income and expenditure and balance sheet variance against the budgets and to ensure that they are rectified
- Monitor and ensure the efficient and effective management of the fixed assets, working capital, receivables and payables of the university.
- Monitoring treasury activities inducting cash flow projections and forecasts for prudence and variance.
- Monitor Capital expenditure on projects, make returns to relevant authorities and comply with due process and other financial regulations.
- Supervise and scrutinize the activities of the business ventures to be established by the University.
- Negotiating with financial and government institutions with regard to financial matters.
- Direct preparation of financial statements and ensure timely submission of the correct consolidated financial statement to the Council, Vice Chancellor and committees.
KNOWLEDGE, SKILLS, AND ABILITIES
- He/she must have worked in a situation where he had to prove him or herself as capable of managing money against standard best accounting practices with a vision to build a new institution with minimal waste of funds and resources.
- It will also be required of the candidate to be involved with asset management and with set fund raising initiatives, to make the institution financially viable in a short timeframe.
- A high level of ICT Mastery and competency is also required for this position
EDUCATION & QUALIFICATIONS
- The candidate must have must have garnered at least fifteen (15) years relevant post-qualification experience with a minimum of eight (8) years at management level; Five (5) years’ experience in the University system
- Excellent credentials and professional training in financial management are requirements for this position.
- The candidate must possess a good University Degree with a minimum of Second Class (Honors) in Accounting or related disciplines.
- Preferred Candidate Must also be a fellow/member of any of the recognized professional bodies, like ICAN, ACCA
- Advanced qualifications in Financial Management is a primary requirement for this position.
- Qualifications in Asset Management and Financial Auditing can be advantageous.
- He/She must be ICT compliant and must be conversant with current trends in Financial Reporting-IFRS, IPSAS
- The Bursar must sign a Performance Contract and will be subjected to an annual Performance Appraisal.
Apply to [email protected]
