The School Bursar is responsible for 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 the budgeting process, including forecasting revenues and expenditures.
Conduct regular bank reconciliations and manage petty cash.
Enforce practices that are in line with company’s finance policies among the school staff and other stakeholders.
Accounts and Banking
Manage accounts payable and receivable, ensuring timely payments and collections.
Perform 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 templates and National Financial Institute (NFI) records.
Maintain receipts of payment from other incomes (e.g., Use of facilities – hall / field hire, other disposals etc.).
New Admissions / Exit
Confirm approval of admissions and follow up on payments.
Ensure deactivation of students who have left the school.
Reconciliation of class registers and Student Information Systems (SIS) to match student numbers.
Processing of approved and authorized caution refunds 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 filings and audits.
Collaborate with internal and/or external auditors during financial audits and implement recommended improvements.
Requirements
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.
How to Apply
Interested and qualified candidates should apply online by visiting the Aga Khan Education Service recruitment portal. Click here to apply: Apply Online
How to Apply
Interested and qualified candidates should apply online through the Aga Khan Education Service recruitment portal via the following link: https://www.myjobmag.co.ke/apply-now/1205498. The link will redirect you to the official Brassring application system for AKESK.
