Mandate

The Directorate of Finance and Accounts at St. Joseph University In Tanzania (SJUIT) is responsible for ensuring sound financial management, accountability, and sustainability of the University.

Budget Preparation and Coordination

Coordinating the preparation of annual budgets in consultation with faculties and departments, and ensuring alignment with the University’s strategic plan

Financial Planning and Control

Monitoring income and expenditure to ensure effective utilization of financial resources and adherence to approved budgets.

Revenue Management

Overseeing collection and recording of all University revenues, including tuition fees, grants, donations, and other income sources.

Expenditure Processing and Payment Management

Processing payments for goods, services, salaries, and other obligations in compliance with financial regulations and internal controls.

Financial Reporting

Preparing periodic financial statements (monthly, quarterly, annual) and presenting them to Management, Council, and other stakeholders.

Accounting and Bookkeeping

Maintaining accurate accounting records, general ledger management, reconciliation of accounts, and ensuring proper documentation of transactions.

Payroll Financial Oversight

Coordinating with HR to ensure accurate salary processing, statutory deductions, pension contributions, and related financial obligations.

Internal Control and Compliance

Establishing and enforcing financial policies, procedures, and internal controls to safeguard University assets and prevent fraud.

Audit Coordination

Facilitating internal and external audits, responding to audit queries, and implementing audit recommendations.

Asset and Inventory Financial Management

Maintaining financial records of University assets, overseeing depreciation schedules, and supporting inventory control processes.

Banking and Cash Management

Managing University bank accounts, cash flow planning, bank reconciliations, and investment of surplus funds where applicable.