KarU/HR/FO/2021
The basic Salary for
this position is between Kshs. 209,694/= by Kshs. 6,672/=
to Kshs. 283,087/=.
The Finance Officer is
the head of Finance Department who is responsible for overall
formulation and implementation of finance policies and strategies,
organization, control and supervision of the department
Job Description
- Provide
technical advice on financial matters to University Management and Council.
- Develop
the Departmental strategic plan to meet strategic and
financial objectives of the University.
- Develop
departmental work plans that will
guide the members of the Department
each year in achieving the strategic objectives.
- Advice
and set financial targets for the University and evaluate them through
performance contracts.
- Prepare
University budgets to request for funds from the Ministry and guide
utilization of financial resources.
- Prepare
and submit management reports (financial projection/ cost benefit
analysis) to facilitate decision making.
- Prepare
and submit annual financial statements and quarterly reports
in compliance with statutory requirements.
- Review
and formulate accounting policies
and regulations that govern operations of the
University.
- Institute
internal controls in the operations of the Department to ensure
accuracy of financial records and enhance efficiency in service delivery.
- Review
and formulate quality management procedures to guide
operations within the department.
- Allocate
duties, supervise and conduct appraisals to evaluate the performance of
finance staff.
- Promote
staff development and
capacity building through training,
mentorship and coaching to ensure subordinate are
equipped with the necessary knowledge and skills to carry out
their duties effectively.
- Custodian
of the assets register of the University to ensure safe guarding of assets.
- Provide
interpretations to various financial policies and laws
to enhance implementation of the same.
- Update
the University management on the new/ current financial trends and their
impact to the University – this is to facilitate compliance and
review of strategy.
- Act
as the liaison person for all financial audits both
internal & external audits.
- Ensure
adherence and compliance to financial regulations and standards e.g. IPSAS.
- Liaise
with the Ministry of Education and other financial
institutions on financial matters to facilitate smooth running of the
University.
- Cash
management by monitoring cash flows of the University to
facilitate planning and utilization of same.
- Keep
records to ensure that all books of accounts are properly maintained as a
statutory requirement.
- Custodian
of accountable documents for finance in compliance with statutory
requirements.
- Facilitate
effective and efficient service delivery to ensure all clients are given
services to the required standard and as per the University service
charter.
- Attend
to customer feedback by providing responses to all complaints and
compliments.
- Advise
University committees on financial matters to
facilitate decision making.
- Approve
payments and release of funds to enable the execution of
various tasks within the University.
- Monitor
budget operation activities at all levels to ensure all activities
are within the stipulated budgetary allocations.
- Monitor
and ensure the University revenue targets and projections are
met in order to advise on expenditures.
- Authorize
payments to be settled for expenditures incurred. xxix)
Assist in developing the budget.
- Any
other duty assigned by a senior officer.
Job Requirements for Appointment
- Master’s
degree in finance or accounting field from a recognized institution
- CPA
(K).
- At
least fourteen (14) years relevant work experience, ten (10) of
which must have been in a senior managerial position.
- Membership
registration with ICPAK or any other relevant professional body. v)
Knowledge of Information and Communication Technology.
- Doctorate
degree is an added advantage.
TERMS AND CONDITIONS OF SERVICE
The
successful candidates will be offered
a competitive remuneration package in
accordance with the existing Terms and Conditions of Service.
How To Apply
Applicants must submit
two (2) copies of applications giving details of their educational and
professional qualifications, age, detailed work experience, present
post and salary, applicant’s telephone number and e-mail address.
Enclose certified copies of certificates and testimonials
and giving names and addresses
of three (3) referees who are
knowledgeable about the applicant’s competence and area of specialization,
accompanied with detailed Curriculum Vitae and a copy of the most recent pay
slip.
In addition, applicants
should request their referees to write directly to the undersigned, in separate
sealed envelopes. Interested applicants should send the applications to
the address below, quoting the relevant reference number, so as to be
received on or before Tuesday 5th October, 2021.
The Vice Chancellor
Karatina University
P.O. Box 1957- 10101
KARATINA