Bursar Vacancy at The International Vocational, Technical and Entrepreneurship College (IVTEC)
Employment Nigeria
12-Apr-2018
KWARA ,
Administrative
The International Vocational, Technical and Entrepreneurship College (IVTEC) is a pioneering technical and vocational education model initiated by the Kwara State Government (KWSG). KWSG provided the initial funding and partnered with worldrenowned City & Guilds International for the design and construction of campus facilities, acquisition of training equipment and general administrative structure. As an NGO, the organizational and financial structure of IVTEC allows for an array of partnerships and collaborations with individuals, business and industry from within and outside Nigeria to ensure its future financial sustainability.
POSITION : Bursar
Description
- The Bursar is the Chief Finance Officer and is responsible for the financial management and operations of the College.
- Portfolio responsibility includes statutory and management reporting and systems, financial accounting, budgeting, treasury, procurement and accounts payable, assets, revenue, and tax.
- The Chief Financial Officer is a member of the College Executive and responsible to the Rector for the day-to-day administration, control of the financial affairs of the College and generation of resources for the implementation and sustenance of the College strategic goals.
- S/He shall develop and operate the College budget and providing the College with data necessary for informed financial decisions.
Key Performance Areas
- Manages and administers the College's strategic resource planning system and electronic billing system in preparation for billing of students.
- Preparing annual estimate of income and expenditure.
- Monitoring of income and expenditure in relation to budget and presenting report to the Rector.
- Keeping the accounts of the College and preparing statement of financial activities and balance sheets.
- Maintaining cash flow project for the current and future years.
- Advising on financial investment of the College administering pension scheme for academic and non-academic staff.
- Scrutinizing and passing for payment all invoices.
- Organizing special appeals for capital project and endowment funds.
- Coordinates tuition payment plans for parents and students.
- Maintains records and on-line computer system for students accounts.
- Supervises the cash management process in the collection of all revenue including receipt and deposit.
- Maintains accurate records of cash receipts which include currency, checks, money orders and credit card transactions.
- Refunds payments due to student withdrawals, overpayment or academic dismissal.
- Supervises the collection efforts for all past due College charges and assignment of receivables to contracted collection agency.
- Complies with government regulations regarding delinquent and uncollectible accounts.
- Refers seriously delinquent accounts to collection agency.
- Providing strategic financial management for the College and its controlled entities.
- Ensuring financial sustainability of the College.
- Providing central services for accounts payable and receivable, tax, systems and procedures, management and financial accounting, business modelling, budgeting and planning, and treasury.
- Keeps analysis of cost and other statistical records.
- Advises on taxation methods.
- Coordinates the integration of the College's resource planning system into electronic billing process of all student financial assistance programs including Federal, State and Institutional assistances.
- Establishes repayment plans for borrowers and transmits accounts receivable information through services of a contracted computer billing operation.
- Establishes policies and procedures to ensure positive, effective and open relationships with all clients of the Bursar Office including students, parents, faculty and administrators.
- Develops and maintains the budget for the Financial Department, including all personnel, equipment and supplies.
- Supervises full-time and part-time professional staff and full-time support staff of the department.
Requirements
- Qualification: B.Sc./M.Sc Accounting/Financial management; ICAN/ACCA is compulsory.
- Minimum of a Master's Degree in Accounting, Economics, Financial Management or other related discipline from recognized tertiary institutions,
- Be a member of professionally recognized Accounting body and must possess professional qualifications such as: ICAN, CMA, CPA, ACCA, ANAN.
- Years in Career: 7-10
Other Qualifications:
- Be a member of professionally recognized Accounting body, and must possess professional qualifications such as ICAN, CMA, CPA, ACCA, ANAN
- Familiarity with the Nigerian tax codes and pension schemes.
Required Skills:
- Strong attention to details.
- Ability to identify issues foresee, risks and allows, formulate opinions, make conclusions and recommendations for the College.
- Ability to check assumptions against facts and make tough decisions when necessary.
- Ability to develop linkages with external communities to support the needs of the College.
- Must be a person of vision, proven professional distinction, management ability, integrity and transparency in private and public life.
- Demonstrated proficiency in the use of software related to financial management such as Sage, AccountEdge, SAP and Microsoft Office Suite.
- Experience in the management of student financial services in a higher institution of learning and knowledge of automated student record in a complex resource planning system and financial accounting systems.
How To Apply
Candidates should submit the following documents below by email to: HR@ivtec.ng
Sorry the application deadline for this job has elapsed
