Finance Officer at University of Eldoret, Eldoret, Kenya

The University of Eldoret is situated approximately nine (9) kilometres along the Eldoret-Ziwa road from Eldoret town, Uasin Gishu County. It was founded in 1946 by the white settlers as a Large Scale Farmers Training Centre. In 1984, it was converted to a teachers’ training college and renamed Moi Teachers’ Training College to offer Diploma Science Teachers Training.

Provision of financial advice to University Management and guidance in financial decision-making by establishing monitoring and enforcing appropriate financial policies and procedures, to ensure compliance with Government financial laws and regulations.

Duties and Responsibilities

Reporting to the Vice-Chancellor technically and the Deputy Vice-Chancellor (Ad- ministration and Finance), administratively, the Finance Officer will head the Finance department of the University and ensure effective accountability for proper management and implementation of activities in the Department.
Oversee operations of the finance department, set goals and objectives, and design a framework for these to be met.
To ensure the preparation of the University’s annual budget and ensure that they are aligned with the University’s Strategic plan.
Analyse financial performance against key business metrics and document pertinent financial highlights that will enable management to determine progress against budgets.
Identify, investigate, and analyse potential operational improvement as appropriate, based on findings; propose operational changes (policy, procedures, processes, etc.)
Provide financial reports and interpret financial information to Management while recommending further courses of action.
Advise on investment activities and provide strategies that the University should take to maintain financial health.
Develop trends and projections for the University’s finances and conduct reviews and evaluations for cost-reduction opportunities. Liaise with auditors to ensure appropriate monitoring of institutional finances is maintained.
Correspond with various other departments, discussing and agreeing on future paths to be taken.
Performing any other duties and responsibilities as may be assigned by the
Deputy Vice-Chancellor (AF) or the Vice-Chancellor from time to time.

Requirements for Appointment (Qualifications, Skills and Experience)

For appointment to this position the ideal candidate MUST have: –

Bachelors’ Degree in Commerce and a Masters’ Degree (Accounting/ Finance) or equivalent from a recognised institution.
Must possess CPA (K) or equivalent and be registered with ICPAK
Must have at least ten (10) years of working experience, three (3) of which must have been in a senior finance position,
Knowledge of Public sector accounting standards (IPSAS), the Public Financial Management Act (2012), and other laws governing public sector accounting will be an added advantage.
At least five years’ experience with computerized accounting systems. Experience in public sector accounting will be an advantage.
Must have undergone leadership training lasting not less than six (6) weeks from a recognized institution;
Possess proficiency in Information and Communication Technology (ICT)
Must have knowledge about procurement processes
Show evidence of continuous professional development
Should be familiar with all aspects of Financial Management, such as Budgeting,
Project Accounting, Student Finance, Fixed Asset Management and Financial Reporting.