Open University of Kenya Finance Officer Jobs

Open University of Kenya Finance Officer Jobs

Duties And Responsibilities

The duties and responsibilities shall include but are not limited to:

Ensure alignment of the department objectives to the overall university’s strategy.

Leading the development of the financial accounting and reporting policies and procedures.

Develop and monitor the implementation of the annual work plan for finance department.

Ensure deliverables relating to finance and accounts are met and are in line with established timelines and quality standards.

Reviewing reports on monthly utilization of budgets and making recommendations on the budget variances to ensure efficiency in utilization of the university resources.

Developing the departmental strategic plan in line with the overall university’s strategic plan.

Overseeing duty allocation to all the staff members in the department for efficient service delivery and achievement of all set targets and objectives.

Leading the development and performance management of staff to ensure the achievement of both individual and departmental objectives.

Coordinate recruitment of staff in the department to ensure that internal checks and balances for effective controls is adhered to.

Reviewing management reports on cash flows, budget variance reports and advising management to make an informed decision.

Verifying monthly bank reconciliations statements, trial balance and other reports to ensure accuracy.

Formulate and implement budgetary control policies and procedures to ensure optimal utilization of University resources.

Institute and coordinate risk management framework to ensure that university resources are safeguarded and properly utilized.

Coordinate preparation of annual departmental procurement plans to ensure provision of required resources on a timely basis for efficiency.

Reporting regularly on finance performance of the institution to management and also report on budgetary variance to inform on financial decision making

Coordinate accurate and timely processing of payroll and payment of all statutory and obligatory deductions.

Overseeing and verifying payment process ensuring accurate payments due

to suppliers after delivery of goods and services.

Liaising with deans of schools ensures that students are properly invoiced and fee collection is done in time to ensure continuity of learning.

Submitting periodic and ad-hoc reports to the National Treasury as required

Coordinate preparation, review, approval and presentation of Quarterly and Annual Financial Statements.

Requirements For Appointment

For appointment to this grade, one MUST have:

Have a relevant Master’s degree from a recognized University.

Have fifteen (15) years relevant experience, at least 5 years as Deputy Director Finance and Accounts or headed a Finance Department for a comparable organization for at least 3 years.

Be a holder of CPA (K).

Be a registered member of ICPAK and in good standing.

Have a certificate in proficiency of application of ERP systems in processing transactions.

Be consistently demonstrated outstanding qualities for leadership, coordination and organization capabilities at top management level.

Have attended a leadership and Management course lasting no less than 4 weeks from a reputable training institution.

Be a holder of PhD in relevant fields will have an added advantage.

Have knowledge of Public Finance Management Act, 2012 (regulations 2015), Public Procurement and Asset Disposal Act, 2015, local taxation laws and all other laws governing management and financial reporting.

How to Apply

For more information and job application details, see; Open University of Kenya Finance Officer Jobs

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