Bursar at The Federal University Lokoja

The Position

• The post of the Bursar of the Federal University Lokoja, will become vacant on 31st October 2026.
• In accordance with the provisions of the Universities Act, the Governing Council of the University wishes to commence the process for the appointment of suitable and qualified candidates for the position.

Interested candidates are requested to note the following information:

• Bursar is the Chief Financial Officer of the University and is directly responsible to the Vice- Chancellor for the management and control of the finances of the University.
• He/She shall advise the Vice-Chancellor on finance-related matters, coordinate the development and update the University's financial management plans; coordinate the preparation of periodic income and expenditure statements, balance sheet, cash flow estimates, and consolidation, when necessary.
• He/She shall ensure that accurate records are maintained of all assets and liabilities held by the University.
• The duties shall include monitoring monthly income and expenditure and balance sheet variances against the budgets, and ensuring that they are reconciled.
• Monitoring treasury activities, including cash flow projections and forecasts for prudence and accountability;
• Negotiating with financial and government institutions with regard to financial matters.

Requirements for the Candidate

• The candidate for the post of Bursar must possess a minimum of Second-Class Lower Degree in Accounting and Finance or any related discipline from a recognized University, with at least sixteen (16) years relevant post- qualification cognate experience in an institution of higher learning, preferably a federal university.
• Possession of a higher qualification will be an added advantage.
• The applicant must possess any of the following professionally recognized accountancy qualifications: ANAN, AČA, CIMA, CPA, ACCA, ICAN.

The candidate is also expected to:

• Demonstrate evidence of consummate management and leadership passion and drive in previous positions, and in addition, must possess excellent communication and interpersonal relationship skills;
• Demonstrate proficiency in the use of contemporary digital solutions/applications in the bursary function.
• Exhibit the ability to be a team leader who can lead by example and has clear mentorship skills and plans; and should not be older than sixty (60) years upon appointment.
• Exhibit a considerable degree of competence, responsiveness, demonstrable integrity, and transparency on matters of financial resource management with outstanding experience at the management level;
• Be a person with good leadership qualities who can inspire and motivate colleagues, a person with a clear vision for the development of the University, and be ready to implement the vision of the University.
• Be focused and innovative, computer literate, and have a good working understanding of communication via the internet.
• Be in excellent physical and mental health; 
• Not be below the rank of Deputy Bursar, who has spent at least four (4) years in the post.

Terms and Conditions of Service Applicable to the Post

• The Bursar shall hold office for a single term of five (5) years only on such terms and conditions as may be specified in the letter of appointment.
• The remuneration and other conditions of service are as applicable to the post of Bursar in all Federal Universities in Nigeria and as may be determined from time to time by the Federal Government or the Governing Council of the University.