Finance Officer at University of Eldoret

• Terms of service: Five (5) year contract renewable once subject to satisfactory performance

Job Purpose:

• Provision of financial advice to University Management and guidance in financial decision-making by establishing monitoring and enforcing appropriate financial policies and procedures, to ensure compliance with Government financial laws and regulations.

Duties and Responsibilities

• Reporting to the Vice-Chancellor technically and the Deputy Vice-Chancellor (Administration and Finance) administratively, the Finance Officer will head the Finance Department of the University and ensure effective accountability for proper management and implementation of activities in the Department.
• Oversee operations of the finance department, set goals and objectives, and design a framework for these to be met.
• To ensure the preparation of the University's annual budget and ensure that they are aligned with the University's Strategic plan.
• Analyse financial performance against key business metrics and document pertinent financial highlights that will enable management to determine progress against budgets.
• Identify, investigate, and analyse potential operational improvement as appropriate, based on findings propose operational changes (policy, procedures, processes, etc.)
• Provide financial reports and interpret financial information to Management while recommending further courses of action.
• Advise on investment activities and provide strategies that the University should take to maintain financial health.
• Develop trends and projections for the University’s finances and conduct reviews and evaluations for cost-reduction opportunities. Liaise with auditors to ensure appropriate monitoring of institutional finances is maintained.
• Correspond with various other departments, discussing and agreeing on future paths to be taken.
• Performing any other duties and responsibilities as may be assigned by the Deputy Vice-Chancellor (AF) or the Vice-Chancellor from time to time.

Requirements for Appointment (Qualifications, Skills and Experience)

• For appointment to this position the ideal candidate MUST have: -
• Bachelors’ Degree in Commerce and a Masters’ Degree (Accounting/ Finance) or equivalent from a recognised institution.
• Must possess CPA (K) or equivalent and be registered with ICPAK
• Must have at least ten (10) years of working experience, three (3) of which must have been in a senior finance position.
• Knowledge of Public sector accounting standards (IPSAS), the Public Financial Management Act (2012), and other laws governing public sector accounting will be an added advantage.
• At least five years’ experience with computerized accounting systems.
• Experience in public sector accounting will be an advantage.
• Must have undergone leadership training lasting not less than six (6) weeks from a recognized institution.
• Possess proficiency in Information and Communication Technology (ICT)
• Must have knowledge about procurement processes.
• Show evidence of continuous professional development.
• Should be familiar with all aspects of Financial Management, such as Budgeting, Project Accounting, Student Finance, Fixed Asset Management and Financial Reporting.