Bursar Job Description Template | HRBLADE (2024)

Bursar Job Description

Overview

The Bursar is responsible for managing the financial operations of the institution, including the collection and disbursem*nt of funds.

Responsibilities

  • Oversee the billing and collection of tuition and fees from students
  • Coordinate the disbursem*nt of financial aid to eligible students
  • Manage the institution's accounts receivable and payable
  • Prepare and analyze financial reports for senior leadership
  • Collaborate with other departments to develop and manage budgets
  • Ensure compliance with financial regulations and policies
  • Supervise and train staff members in financial operations

Requirements

  • Bachelor's degree in finance or related field
  • Minimum of 5 years of experience in financial management
  • Knowledge of accounting principles and practices
  • Strong analytical and problem-solving skills
  • Excellent communication and leadership abilities
  • Proficiency in financial software and Microsoft Office

Introduction

Creating a Bursar job posting is a critical initial part of recruitment. It helps potential candidates gain insight into what the role entails, what qualifications they'll need, and how to apply for the position. A well-crafted job posting also helps to attract high-quality candidates and can ensure that you find the perfect person for the job.

Job Description

The Bursar is a key role in any organization, responsible for managing financial operations for the institution. As part of the leadership team, the Bursar is responsible for developing and implementing financial policies and procedures, maintaining accurate financial records and reports, and ensuring that the institution remains financially sound.

Key Responsibilities

The following are some of the primary responsibilities of a Bursar:

  • Develop and implement financial policies and procedures
  • Manage the institution's operating budget
  • Supervise the accounting department
  • Prepare financial statements and reports
  • Maintain accurate financial records and accounting systems
  • Ensure compliance with all financial regulations and laws

Qualifications and Requirements

To be considered for the position of Bursar, candidates must possess the following qualifications and requirements:

  • Minimum of a Bachelor's degree in Accounting, Finance, Business Administration, or related field
  • Experience in financial management and accounting
  • Strong analytical and problem-solving skills
  • Excellent communication and interpersonal skills
  • Detail-oriented
  • Familiarity with financial software and tools
  • Ability to work under pressure and meet deadlines

Application Process

To apply for this position:

  1. Submit a cover letter and resume to the institution's HR department
  2. Wait for an email or phone call from a member of the HR team
  3. Attend an in-person or virtual interview with the institution's HR team and members of the leadership team
  4. Wait for notification of whether you have been selected for the position

Closing Statement

Creating a Bursar job posting helps to attract qualified candidates to fill the role. It is essential to ensure that the job posting accurately reflects the responsibilities and requirements of the position to attract the right talent. A well-crafted job posting can help ensure that you find the perfect person for the job and keep your institution financially sound.

Frequently Asked Questions on Creating Bursar Job Posting

  • What should be included in a job posting for a bursar position?

    A job posting for a bursar position should include the job title, a brief job summary, key responsibilities and requirements, qualifications, education and experience, salary range, benefits and perks, application instructions, and contact information.

  • Is it necessary to include a salary range in the bursar job posting?

    Yes, including a salary range in the bursar job posting is important for transparency and to attract qualified candidates who fit within the specified salary range.

  • What are some key responsibilities of a bursar position?

    Some key responsibilities of a bursar position include managing financial operations, overseeing student accounts, reconciling accounts, creating financial reports, maintaining accurate records, and ensuring compliance with financial regulations and policies.

  • What qualifications are required for a bursar position?

    Qualifications required for a bursar position may vary depending on the organization, but typically include a bachelor's degree in accounting or finance, knowledge of financial regulations and policies, experience with financial management software, strong analytical and problem-solving skills, and excellent communication and interpersonal skills.

  • What should be the tone of the bursar job posting?

    The tone of the bursar job posting should be professional, clear, and engaging. It should effectively communicate the job responsibilities, requirements, and benefits.

  • Should the bursar job posting be posted internally first?

    It is recommended to post the bursar job posting internally first to give current employees the opportunity to apply for the position. If no suitable candidate is found internally, the job can be posted externally.

Bursar Job Description Template | HRBLADE (2024)

FAQs

What is the job description of a bursar? ›

The primary role of the Bursar is to maintain the accuracy of student tuition and fee accounts and oversee the billing process to ensure timely and accurate billing statements for students. The Bursar is responsible for reviewing tuition and fees and approving account adjustments and accurate student refunds.

What is the difference between a bursar and an accounting clerk? ›

The top three skills for a bursar include financial aid, student payments and credit card payments. The most important skills for an accounting clerk are data entry, customer service, and purchase orders.

What is the job description template for staff accountant? ›

Maintains and balances an automated consolidation system by inputting data. Analyzes information and options by developing spreadsheet reports. Prepares general ledger entries by maintaining records and files as well as reconciling accounts.

What is a bursar assistant? ›

The role of the Assistant Bursar is to assist the Bursar in the financial management and operational running of the support functions of the School. As such the role is varied, widespread and demands a large degree of flexibility on the part of the post holder.

What are examples of bursar? ›

Bursar Sentence Examples
  • Jill Faye, the school's bursar is extremely pleased with the end result.
  • Adam will talk to domestic bursar about cleaning it.
  • Graduates with disabilities are encouraged to contact the Domestic bursar for further details on facilities.

How much do bursars make? ›

The average bursar salary in the United States is $52,195. Bursar salaries typically range between $34,000 and $79,000 yearly. The average hourly rate for bursars is $25.09 per hour.

What is a bursar in accounting? ›

A bursar is the head of a college's financial office. When you pay your tuition for the semester, you'll send the money to the bursar. Colleges, universities, and private schools have bursars, who are responsible for the finances of the school.

What is the highest salary for an accounting clerk? ›

Accounting Clerk Salaries in Bangalore

The average salary for Accounting Clerk is ₹3,55,000 per year in the Bangalore. The average additional cash compensation for a Accounting Clerk in the Bangalore is ₹30,000, with a range from ₹30,000 - ₹30,000.

Why is it called bursar? ›

The word Bursar is derived from the Latin word “Bursa” meaning “purse.” So as can be reasoned, our office is responsible for the billing and collection of tuition, fees and other college charges.

What is a payroll clerk's job description? ›

Payroll Clerks are responsible for maintaining payroll information by collating, calculating, and entering data. They also update records with changes in employee details or benefits like job titles that might occur over time.

What is the detailed job description of a staff accountant? ›

Staff Accountants prepare and review financial documents, reports, and statements. They oversee all accounting procedures (e.g. tax returns, month-end closures, budgeting) and advise on general financial matters.

How do you write a job description for an accountant? ›

Responsibilities
  1. Manage all accounting transactions.
  2. Prepare budget forecasts.
  3. Publish financial statements in time.
  4. Handle monthly, quarterly and annual closings.
  5. Reconcile accounts payable and receivable.
  6. Ensure timely bank payments.
  7. Compute taxes and prepare tax returns.
  8. Manage balance sheets and profit/loss statements.
Jul 26, 2024

What are the duties of bursar? ›

A bursar is a financial administrator within a school or university setting. Their specific role involves managing student billing. Students go to the bursar office to pay bills or set up a plan to do so. Bursars also advise students of late payments, help them set up payment plans and keep detailed records.

What is the difference between bursar and financial aid? ›

Financial aid is responsible for determining a student's eligibility for aid and providing funds to cover tuition, fees, and other expenses. The bursar's office is responsible for billing and collecting tuition and fees.

What is bursar's office or unit? ›

The bursar's office is responsible for collecting and analyzing all student charges and fees, which includes tuition and student unions and health and dental insurance. The bursar's office is also responsible for areas including accounts payable, travel claims and invoicing and receipt of all payments.

What does bursar stand for? ›

A bursar (derived from bursa, Latin for 'purse') is a professional administrator in a school or university often with a predominantly financial role.

What is a bursar in a private school? ›

The bursar will normally be responsible to the governing body for the conduct of the financial affairs, business management and material state of the premises and to the head for day-to-day administration but again this will vary between schools.

What is the role of the domestic bursar? ›

Summary of the role:

The Domestic Bursar works closely together with the students, Fellows, Life Members and staff, providing them with the services and support they require. Working in tandem with the Bursar and the President, the post holder will contribute effectively to strategic planning.

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