Summary
Date Posted: Monday, February 03 2025, Base Salary: Not Disclosed

JOB DETAILS:
The incumbent will be responsible for looking after the Financial Management (General Accounting, Treasury, Fixed Assets, Payroll, Accounts Payable, Tax Compliance), Planning & Budgeting (Budgets, Forecasts, Feasibilities and Business Plans) functions of the Aga Khan University—Tanzania (AKUTZ). The incumbent will also be responsible for maintaining and implementing strong internal controls to ensure the integrity of all financial records and the credibility of information.

Financial Management & Control:
• Collaborate, design, implement, and review finance systems, policies, and procedures to ensure continuous improvement and contemporary, relevant practices.
• Ensure that the University fully complies with Tanzania's tax, financial, and Accounting Board guidelines and standards.
• Lead and undertake annual audits and ensure that the end-of-quarter/ month financials are closed accurately within stipulated timelines.
• Ensuring all liabilities and assets are recorded accurately in the book of accounts.
• File Value Added Tax, Withholding Tax, and other statutory payment returns to the Tanzania Revenue Authority on a timely basis. Make sure that submissions are reconciled with payments and vendor accounts.
• Liaise with external and internal auditors for annual and periodic audits.
• Prepare financial statements as per International Accounting Standards and other management templates/reports.

Planning, budgeting and reporting
• Prepare annual budgets and 5-year rolling budgets for all University entities in consultation with Entity Heads.
• Prepare feasibility/costing studies required for services/ programmes.
• Monthly, quarterly, and annual reporting of all AKUTZ entities (monthly financial performance, funding requests, newsletters, AKDN reports).
• Prepare grant budgets in consultation with project leads/entity heads.
• Ensure financial compliance with granting agencies’ policies & procedures and prepare monthly/annual grant reports.

Student Finance
• Overall responsibility for recording tuition fees, financial assistance, and other student fees monthly in the general ledger.
• Make sure tuition fees is captured correctly and reconciled with the subsidiary system.
• Work as the secretary of the Financial Assistance Committee. Ensure that management of all actions is carried out on a timely basis and recorded in the system.
• Ensure efficient and timely recovery of pending tuition fees. Work with Academic Leadership and the Registrar's Office on the recovery.
• Circulate monthly reconciliations to the key stakeholders.

Construction Projects and Accounting
• Prepare budgets of the projects.
• Prepare and review monthly financial reports and ensure accurate financial information shared through the ERP system.
• Review of contracts /agreements about the finance clauses and legal.
• Overseeing payments and accruals of various construction activities and recording them in the financial system as per the best practices.
• Analytical review of monthly budget variance reports of construction projects.

The requirements
• Professional qualification in either of the following, ACCA, CPA (T), ACA, ACMA, CIMA.
• Bachelor / Master of Commerce degree or equivalent.
• 5+ years of experience in an organization with 100+ employees with exposure to financial planning, reporting, analysis, construction and grant budgets, and day-to-day accounting functions.
• Having supervisory skills or experience managing a team of 5-10 people.
• Prior experience in either a university or an academic setup will be an added advantage.
• Excellent command of verbal and written English.
• Strong command over MS Office (Excel, Word, PowerPoint).
• Strong knowledge of IFRS and IAS and their application.

Work Hours: 8

Experience in Months: 60

Level of Education: Bachelor Degree

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