School Bursar at Aga Khan Education Service, Kenya (AKESK)

Role Summary.
Overseeing the financial operations of the school, ensuring effective management of funds, compliance with financial regulations and accurate record-keeping. This role is pivotal in maintaining the financial health of the institution and supporting its educational objectives.

Key Responsibilities

Financial Management

• Oversee day-to-day financial transactions, ensuring proper documentation and adherence to accounting standards.
• Lead budget specific discussions during budgeting process, including forecasting revenues and expenditures.
• Conduct regular bank reconciliations and managing of petty cash
• Enforce practices that are in line with company’s finance policies among the school staff & other stakeholders.

Accounts and Banking

• Manage accounts payable and receivable, ensuring timely payments and collections.
• Banking duties which include cheque deposits, following up on direct banking and bank transfers.

Fee Collection and Student Accounts

• Ensure accurate billing of tuition and other fees, and oversee the collection process.
• Maintain up-to-date student financial records, including ledgers and receipts.
• Maintain monthly revenue report template and National Financial Institute (NFI).
• Maintaining receipts of payment from other incomes e.g. Use of facilities – hall / field hire, other disposals etc.

New admissions /Exit

• Confirm approval of admissions.
• Follow up on payments
• Ensure deactivation of students who have left the school.
• Reconciliation of class registers and SIS to match student numbers.
• Processing of approved and authorized caution refund upon student clearance.

Procurement and Asset Management

• Coordinate procurement processes, ensuring value for money and compliance with procurement policies.

Compliance and Reporting

• Ensure compliance with statutory financial regulations, including tax fillings and audits
• Collaborate with internal and or external auditors during financial audits and implement recommended improvements.

The requirements

Qualifications and Experience

• Bachelor’s Degree in Accounting, Finance or Commerce.
• Certified Public Accountant (CPA) finalist or equivalent.
• At least 3 years of experience, preferably within an educational institution.
• Proficiency in accounting software.
• Strong understanding of Kenyan financial regulations and statutory requirements.