Levy Mwanawasa Medical University
Applications are invited from suitably qualified and experienced individuals to fill the position of Chief Financial Officer (CFO) at Levy Mwanawasa Medical University.
JOB TITLE: CHIEF FINANCIAL OFFICER (CFO)
JOB PURPOSE:
The Chief Financial Officer (CFO) is a key Principal Officer, reporting to the Vice Chancellor. The CFO is responsible for the financial management of the University, ensuring effective financial planning, budgeting, reporting, and compliance with financial regulations. The CFO will provide strategic financial leadership to support the University’s growth and sustainability.
PRINCIPAL ACCOUNTABILITIES:
a) Develope and implement Financial Policies, procedures, and strategies aligned with the University’s objectives.
b) Oversee the preparation, execution, and monitoring of the University’s budgets, cash flows and financial forecasts.
c) Ensure the integrity of financial reporting by delivering accurate and timely financial statements to management, the University Council and external stakeholders.
d) Safeguard the University’s financial resources and assets through effective financial controls, risk management, and compliance with financial regulations.
e) Guide the allocation of resources across departments, schools and initiatives to optimize the University’s operational and strategic priorities.
f) Collaborate with senior management to drive cost effective strategies, including revenue generation, fundraising, and cost-effective control initiatives.
g) Provide expert financial advice to the Vice Chancellor and the University Council on investment opportunities, expenditure patterns, and financial performance.
h) Lead, mentor, and develop the finance team, fostering a culture of accountability, innovation and continuous improvement.i) Ensure robust systems for the security and accuracy of financial transactions, including audits and compliance checks.
j) Manage financial relationships with external bodies, including banks, auditors and regulatory authorities.
QUALIFICATIONS AND EXPERIENCE:
a) Grade 12 school certificate or its equivalent with at least five (5) credits, including English and Mathematics
b) A minimum of a Bachelor’s Degree in Finance, Accounting, Economics, or Business Administration from an accredited university.
c) Professional certificate such as CA Zambia, ACCA, IPFA, ICMA/CIMA or equivalent.
d) A Master’s of Business Administration Degree with a concentration in Finance or Economics would be an added advantage.
e) Minimum of ten (10) years’ experience in finance, with at least two (2) years at senior management level.
f) Membership to a professional body such as ZICA, ACCA, CPA or CIMA.
g) Strong knowledge of IPSAS, financial regulations, and higher education funding models
h) Experience in a public university or higher education institution is an added advantage
COMPETENCE AND SKILLS:
a) Excellent interpersonal and communication skills.
b) Strong analytical, organizational and leadership skills.
c) Excellent strategic planning and financial management skills.
d) Strong writing and presentation skills.
e) Proficiency in ICT and financial management systems.
f) Knowledge of International Accounting Standards and Financial regulations.
g) Ability to work independently.
JOB APPLICATION PROCEDURE:
Interested candidates who meet the stated requirements should apply by submitting the following
a) letter of application addressed to the Vice Chancellor,
b) A detailed curriculum vitae (CV).
c) Certified copies of academic and professional certificates (certified by the Zambia Qualifications Authority), and
d) Names and contacts of three traceable referees.
Applications marked “CHIEF FINANCIAL OFFICER” must be sent to:
The Vice Chancellor
Levy Mwanawasa Medical University
P.O. Box 33991
LUSAKA
Closing date: 30th April, 2025.
Only shortlisted candidates will be contacted.