Chief Financial Officer

Jobs

By Chalimbana University

CHIEF FINANCIAL OFFICER The Chief Financial Officer is a senior management position responsible for directing and overseeing all aspects of the University’s finance and accounting functions. This is in order to ensure transparency, accountability, value for money, financial sustainability and sound stewardship of institutional resources. The Chief Financial Officer reports to the Vice Chancellor. JOB PURPOSE To provide strategic leadership in financial management, accounting, budgeting, treasury management, internal controls, financial reporting, audit coordination and policy development. This is to ensure compliance with applicable accounting standards, statutory requirements and best practice in public financial management. KEY RESPONSIBILITIES Lead the preparation, implementation and review of the University’s financial strategies, budgets, financial plans, forecasts and departmental work plans. Oversee the preparation of accurate financial statements, management accounts, operational performance reports and statutory reports to facilitate effective decision-making. Superintend financial planning, financial analysis and forecasting processes to support institutional growth, sustainability and value for money. Manage budgeting and budgetary control systems through careful analysis, monitoring and control of approved budgets. Monitor and control cash flow, treasury operations, banking arrangements and utilisation of financial resources to optimise liquidity and safeguard University funds. Develop, strengthen and maintain effective internal control systems in compliance with applicable accounting principles, legal requirements and regulatory frameworks. Coordinate internal and external audits, ensure timely responses to audit queries and oversee implementation of audit recommendations. Lead the development, review and implementation of financial policies and procedures to facilitate the achievement of short, medium and long-term strategic financial objectives. Provi