Chief Financial Officer at United States International University - USIU Africa

The Chief Financial Officer is responsible for the overall leadership and management of the Finance Department. The role oversees all financial operations including student accounts, treasury functions and management accounting. The CFO ensures the timely preparation of accurate financial reports for the Management Board, University Council, and Board of Trustees. The CFO also leads the preparation and review of annual budgets, and is accountable for maintaining effective internal controls, as well as overseeing tax compliance, audit and financial reporting in line with regulatory and institutional requirements.

Key Responsibilities

• Oversee the finance and accounting department
• Implement sound internal controls to safeguard the university assets.
• Manage all sections of the Finance department by ensuring timely reporting and efficient delivery of service.
• Monitor implementation of the university’s revenue collection and credit policies.
• Identify and manage financial risks, including fraud prevention.
• Monitor the student billing system each semester for correctness.
• Lead the annual audit by preparing the final accounts and audit schedules, and ensuring tax compliance.
• Lead other external audits e.g., tax audits, NSSF audits etc.
• Ensure integrity of all accounting ledgers by regular analysis of the trial balance.
• Lead the preparation, monitoring and implementation of the annual budgets by ensuring timelines are adhered, to, departmental budgets are correctly captured and budget forecasts are reasonable.
• Oversee student accounts, tuition billing, collections, payment plans, scholarships, and financial grant administration.
• Vet and approve tuition refunds to ensure correctness
• Vet and approve supplier payments, cheques, RTGS and EFT payments, USIU’s tax liability and correct documentation.
• Ensure Payrolls are accurately processed, reviewed, and compliant with all statutory and regulatory remittance requirements.
• Approve petty cash payments as per the finance policy and ensuring the petty cash payments are accounted for.

Qualifications /Educational/Professional/experience)

• Bachelor’s degree and / or CPA (K);
• Relevant Master’s degree;
• Membership of Institute of Certified Public Accountants of Kenya (ICPAK)
• Proficiency in computer applications;
• Served as Senior Accountant for a minimum of 6 years;