Bursar job description
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What does a Bursar do?
The Bursar is responsible for overseeing the financial operations of an academic institution, particularly student billing and accounts. This role plays a crucial part in ensuring financial stability and accuracy in tuition fee collection and financial aid distribution.
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What are the Key Responsibilities of Bursar
- Manage student billing and maintain accurate financial records.
- Coordinate with financial aid office for aid disbursement.
- Oversee accounts payable and receivable processes.
- Ensure compliance with financial regulations and policies.
- Prepare financial reports and statements for the institution's administration.
- Address student and parent inquiries about tuition and fees.
- Implement financial policies to improve operational efficiency.
What are the Skills and Requirements for a Bursar?
- Proficient in financial management and accounting principles.
- Experience with student information systems and financial software.
- Strong analytical and problem-solving skills.
- Excellent communication and customer service skills.
- Attention to detail and high level of accuracy.
What are the KPIs to track for Bursar?
The Bursar's performance is evaluated based on timely and accurate processing of student accounts, improved collection rates, budget forecasts, and adherence to regulatory requirements.
Collection Rates
Improve student billing and payment collection rates.
Financial Reporting
Accuracy and timeliness of financial statements and reports.
Customer Service
Effective resolution of student and parent inquiries and issues.
Reports to
Chief Financial Officer
Collaborates with
Financial Aid Office, Registrar's Office
Leads
Accounts Receivable Team, Student Accounts Representatives
Are any specific tools or software required for the Bursar role?
- Ellucian Banner
- PeopleSoft
- QuickBooks
- Microsoft Excel
What is the qualification of Bursar?
Bachelor's degree in Finance, Accounting, or a related field, with 3-5 years of experience in financial management or accounting in an educational setting.
