Busar at a Reputable Company - BURSAR

Job Overview

Location
Lagos, FCT
Job Type
Full Time
Date Posted
20 hours ago

Additional Details

Job ID
134223
Job Views
31

Job Description






Our client in culinary and hospitality education sector is seeking an ideal candidate for the role of the Bursar. The Bursar is the financial custodian of Masterminds Catering and Culinary Institute. This position provides leadership and oversight of all financial operations including tuition and fees, receivables, petty cash, payroll, procurement, inventory, and tax compliance. The Bursar ensures transparent, efficient, and accountable financial management, while also providing strategic advice to management on investment and funding opportunities. The role requires a high level of integrity, accuracy, and adherence to financial best practices, in order to safeguard institutional funds and support long-term sustainability.



Principal Duties and Responsibilities




  1. Financial Management & Accountability

    • Manage day-to-day cash flow, ensuring proper allocation of funds.

    • Administer accounts receivable and payable with timely reconciliations.

    • Keep detailed and organized records of tuition fees, receipts, and financial transactions.

    • Prepare regular expense reports and financial updates for management.

    • Design and implement robust financial procedures, policies, and internal controls.

    • Ensure compliance with financial regulations, accounting standards, and institutional policies.



  2. Budgeting & Reporting

    • Prepare and manage annual and quarterly budgets.

    • Conduct cost-benefit and productivity analyses to guide management decisions.

    • Provide financial reports and performance updates to the Rector and CEO.

    • Offer recommendations on investment, funding, and revenue-generating opportunities.



  3. Payroll & Staff Payments

    • Manage payroll, allowances, benefits, and deductions in compliance with labor laws.

    • Review employment contracts for financial accuracy and terms of service.



  4. Tax & Compliance

    • Liaise with local authorities and tax offices to ensure timely tax filing and compliance.

    • Maintain accurate tax records and ensure proper documentation for audits.



  5. Procurement &Inventory Management

    • Oversee procurement processes, ensuring cost-effectiveness and accountability.

    • Manage institutional stores and stock inventory, ensuring proper usage and accountability.

    • Negotiate contracts and maintain relationships with vendors and suppliers



  6. Stakeholder Engagement

    • Work closely with auditors, regulators, and external financial partners.

    • Provide financial guidance and transparency to students, parents, and staff regarding fees and payments.





Knowledge, Skills and Abilities Required




  • Strong knowledge of accounting procedures, budgeting, and cash flow management.

  • Proficiency in Microsoft Office and accounting software.

  • Strong analytical, problem-solving, and reporting skills.

  • High integrity, confidentiality, and attention to detail.

  • Effective organizational and time management abilities.



Core Competencies




  • Financial Planning & Analysis

  • Budgeting & Cost Control

  • Tax & Regulatory Compliance

  • Payroll & Contract Administration

  • Procurement & Inventory Management

  • Transparency & Accountability

  • Stakeholder Engagement

  • Certification in accounting/finance (e.g., ICAN, ACCA) or School Administration is an added advantage.



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