Our Core Responsibilities

1. Student Financial Services
– Tuition and Fees Management: We oversee the billing and collection of tuition and other fees. Our team ensures that all financial records are up-to-date and accurate, providing students with clear and timely information regarding their financial obligations.
– Payment Plans: We offer flexible payment plans to help students manage their tuition payments in a way that suits their financial circumstances.
– Scholarships and Financial Aid: We manage the disbursement of scholarships, grants, and other forms of financial aid to eligible students, ensuring that those who qualify receive the support they need to pursue their education.

2. Budgeting and Financial Planning
– Budget Preparation and Monitoring: Our department plays a crucial role in preparing the annual budget for the College. We monitor the allocation and use of funds to ensure that all departments operate within their budgetary limits.
– Financial Forecasting: We provide financial forecasts to guide decision-making and strategic planning, ensuring that the College remains financially sustainable and prepared for future growth.

3. Payroll Management
– Employee Compensation: We manage the payroll for all staff and faculty members, ensuring that salaries and benefits are processed accurately and on time.
– Tax Compliance: Our team ensures that all payroll taxes are calculated correctly and submitted to the appropriate authorities in compliance with Nigerian tax laws.

4. Procurement and Vendor Payments
– Vendor Relations: We handle the financial aspects of procurement, ensuring that payments to vendors and service providers are processed promptly and accurately.
– Expense Management: We oversee the management of operational expenses, ensuring that all expenditures are necessary, justified, and properly documented.

5. Financial Reporting and Compliance
– Financial Statements: We prepare comprehensive financial statements that reflect the financial position of the College. These reports are essential for internal and external audits, as well as for strategic decision-making.
– Regulatory Compliance: We ensure that the College complies with all financial regulations and reporting requirements as stipulated by relevant authorities in Nigeria.

6. Auditing and Internal Controls
– Internal Audits: We conduct regular internal audits to ensure the integrity of the College’s financial operations. This helps us to identify any discrepancies and address them promptly.
– Risk Management: Our team implements robust internal controls to minimize financial risks and safeguard the College’s assets.