Student Finance Services at UKZN Accountants

Student Finance Services at UKZN Accountants. In the dynamic landscape of education and training, the University of KwaZulu-Natal (UKZN) holds a pivotal position in shaping futures. Behind the scenes, ensuring the financial integrity of the institution lies the crucial role of the UKZN Accountant in Student Finance Services. This article delves into the significance of this role, its responsibilities, and the minimum requirements necessary to excel in it.

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Position Student Finance Services at UKZN Accountants

Industry: Education & Training Job Category: Financial Accounting Location: Westville Contract: Permanent Remuneration: Market Related EE Position

Student Finance Services at UKZN Accountants

At the heart of financial operations, the UKZN Accountant in Student Finance Services is entrusted with the management and meticulous reporting of financial data crucial to the University’s functioning. Key responsibilities include:

• Preparation of quarterly management accounts, conducting variance analysis.
• Examination and analysis of general ledger accounts.
• Preparation of general ledger reconciliations and journal entries to ensure compliance with financial reporting standards.
• Performing month-end closure procedures.
• Assisting with the year-end audit process.
• Approval of petty cash requests and online banking payments.
• Handling other ad-hoc financial tasks essential for operational efficiency.

Minimum Requirements Student Finance Services at UKZN Accountants

The role of UKZN Accountant in Student Finance Services demands a blend of academic prowess and practical experience. The minimum requirements include:

• A Three (3) year degree with accounting as a major subject.
• Five (5) years of relevant accounting experience, with at least two (2) years in a supervisory position.
• A proven track record in producing management reports for medium to large organizations.
• Proficiency in interpreting various financial reports such as cost reports, cash flows, statement of financial position, and statement of financial performance in compliance with International Financial Reporting Standards (IFRS).
• Full computer literacy, particularly in Microsoft Office packages (Word, Excel, PowerPoint).
• Ability to thrive under pressure, meeting deadlines without compromising accuracy and quality.

FAQS: Student Finance Services at UKZN Accountants

Q1: What does the UKZN Accountant in Student Finance Services do?

Ans: The UKZN Accountant in Student Finance Services is responsible for managing and reporting financial data crucial to the University’s operations. Their duties include preparing management accounts, analyzing general ledger accounts, reconciling financial records, assisting with audits, approving payments, and handling various ad-hoc financial tasks.

Q2: What qualifications are required for the UKZN Accountant role?

Ans: To qualify for the UKZN Accountant role, candidates typically need a three-year degree with accounting as a major subject. They should have at least five years of relevant accounting experience, with a minimum of two years in a supervisory position. Additionally, candidates should demonstrate proficiency in producing management reports for medium to large organizations, interpreting financial reports in compliance with International Financial Reporting Standards (IFRS), and be fully computer literate with experience in Microsoft Office packages.

Q3:What makes the UKZN Accountant role unique within the education industry?

Ans:The UKZN Accountant role holds significance within the education industry as it directly impacts the financial management of a prominent institution like the University of KwaZulu-Natal. Unlike typical accounting roles, this position requires a deep understanding of the specific financial challenges and reporting standards prevalent in the education sector. Additionally, the role involves managing student finance services, which adds a unique dimension of responsibility related to student fees, scholarships, and financial aid.

Conclusion

In the ever-evolving landscape of education and training, the UKZN Accountant in Student Finance Services stands as a guardian of financial integrity, ensuring the smooth functioning of operations vital to the University’s mission. With a keen eye for detail, a solid academic foundation, and hands-on experience, this role plays a pivotal part in steering UKZN towards financial excellence and sustainability.