According to Wikipedia, A bursar is a professional administrator in a school or university. A bursar is a person who administers the finances of an institution, usually a college or university. They typically handle student invoices and petty cash as it comes in for fees. Keep reading as we extensively talk about the job description and average salary of bursar jobs in Nigeria.
What is the difference between a bursar and an accountant?
A bursar is a treasurer at a college or university, while an accountant is an officer in a public office, who has charge of the accounts
Job Brief Of A Bursar
Educational Institutions hire bursars to manage their financial services on a day-to-day basis, such as collecting tuition fees and maintaining accounts receivable/payable. A Bursar’s key tasks include budget management, supply procurement and payment, and financial procedure setup.
You’ll also be responsible for general and financial administration (e.g. managing employment contracts, ensuring compliance with the law, and contacting local authorities.) To be successful in this position, you must be able to multitask efficiently and effectively while working under minimal supervision. Finally, you must verify that the school’s financial and operational management runs smoothly and follows regulations.
Description Of Bursar Jobs In Nigeria
- Oversee cash management daily.
- Accounts payable and receivable management
- Organize your tuition fee books and receipt files.
- Expense reports should be prepared regularly.
- Organize the annual budget
- Analyze your costs and productivity.
- Examine employment contracts and service agreements.
- Create and maintain financial procedures.
- Liaise with local governments and school boards.
- Report on performance and investment/funding opportunities to the school as a whole.
Requirements And Skills For Bursar Jobs In Nigeria
- Proven work experience as a Bursar
- Computer literacy (MS Excel in particular)
- Strong financial management skills
- Knowledge of accounting procedures and best practices
- Familiarity with budget preparation and cash flow management
- Solid time management skills with an ability to prioritize work
- Excellent analytical skills and experience creating reports and presentations
- BS degree in Accounting, Business Management, or relevant degree
- Certification in School Administration a plus
Candidates with at least a four-year degree in accounting, business administration, or a comparable profession are mostly considered for a bursary job. Candidates with three or more years of experience in similar professions requiring financial transactions may be given priority over those with only a high school diploma. In most cases, budget management skills should be a must-have for all candidates, even if they solely deal with student transactions.
Average Salary For Bursar Job In Nigeria
Based on salary estimates of 16 individuals who work as bursars in Nigeria, we can boldly tell you that the average salary of bursars in Nigeria is 143,000 Naira. An entry-level bursar can earn as low as 42,000 Naira monthly while a mid-level bursar earns around 159,000 Naia. A senior-level bursar earns up to 239,000 Naira monthly.
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