Bursar at The International Vocational, Technical and Entrepreneurship College (IVTEC)

Location: Ajase-Ipo, Kwara
Reporting To: The Rector

About the Role

• 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

• 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.
• 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.
• 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.
• 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.
• 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.