Chief Finance Officer at Jaramogi Oginga Odinga University of Science and Technology

PAF/CFO/2/2025

Job Responsibilities and Roles

The Chief Finance officer shall provide leadership in financial matters of the University including preparation of comprehensive financial statements, monitor the budget and the finance department operations to ensure that the financial reports comply with the international financial reporting standards and other relevant regulations and guidelines for proper running of the University. Reporting to the Vice Chancellor through the Deputy Vice Chancellor for the time being responsible for finance, the Chief Finance Officer shall be responsible for the following:

• Facilitate the development and implementation of financial policies for the university to ensure that they are in line with the financial regulations and accounting standards.
• Develop annual budgets for the institution for proper management of resources
• Advise the on new investment opportunities for the university to aid in generation of income and increase the university net worth.
• Allocate duties to the finance staff and supervise them to ensure quality service delivery to the students, staff and other authorized guests who may require finance services.
• Provide management advice on the financial statements before being submitted to the auditors for examination on their status in regard to true and fair representation of the university.
• Provide advice to the institution on financial matters for example financial status, source of funds, donors and how to allocate funds to various projects that are viable to the university.
• Ensure optimal utilization of financial resources through proper allocation of funds to various departments in the institution.
• Review the university financial statements to ensure that they comply with the regulatory requirements e.g., international financial reporting standards.
• Identifying the training needs for the Department of Finance.
• Monitor the university expenditure to ensure university budgetary control is strictly adhered to for proper utilization of the university resources.
• Prepare management and statutory reports and publications for submission to relevant government agencies.
• Consolidate budget for the entire university ensuring compliance with the financial standards and regulatory framework
• Prepare comprehensive financial statements for publication and presentation to the relevant regulatory bodies to show the status of the university.
• Facilitate the approval of the university expenditure in line with the budget to support the university operations and promote academic excellence.

Minimum Qualifications and Experience

• PhD holder in Finance or Accounting with ten (10) years' relevant experience

OR

• Master's degree in Finance or Accounting or equivalent with fifteen (15)years of relevant experience in financial management. Must have served as Deputy Finance Officer Grade 14 or equivalent for at least three (3) years in a university or equivalent institution.
• Bachelor of Commerce (Accounting) or equivalent.
• CPA(K), ACCA(UK) or CIMA(UK) or equivalent qualification.
• Must be a member to relevant professional body for example Institute of Certified Public Accountants with at least three (3) years in good standing since registration.
• Knowledge and practical experience in use of ERP System desirable
• Evidence of working knowledge of computerized financial management systems e.g., ACCPAC, Sage, Pastel, Great Plains Microsoft Dynamics
• Demonstrate outstanding qualities of leadership, coordination and organizational capabilities, at Senior management level.
• Proficiency in relevant computer applications