School Bursary

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.

Manage accounts payable and receivable, ensuring timely payments and collections.

Conduct regular bank reconciliations and maintain accurate cash flow records.

Managing of petty cash

Enforce practices that are in line with company’s finance policies among the school staff & other stakeholders.

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.

Implement and monitor payment plans for students as necessary.

Maintain monthly revenue report template and National Financial Institute (NFI).

Sending monthly reminders on fees to parents and making calls for non–responsive cases.

Monitoring and taking corrective measures against fee defaulters and report to HT for escalation and further action.

Maintaining receipts of payment from other incomes e.g. Use of facilities – Swimming pool / hall / field hire, other disposals etc.

Banking duties which include cheque deposits, following up on direct banking and bank transfers.

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.

Maintain an up-to-date inventory of school assets and oversee their proper utilization.

Ensure the safeguarding of school assets through proper coding and record-keeping.

Compliance and Reporting

Prepare and submit accurate financial reports to the school management and relevant authorities.

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.

Industries:Education

Function: Education & Training