Neom Looking for University Bursar at Saudi , NEOM Full Time

OVERVIEW

Position

University Bursar

Job Code

Reports to

Vice President of Finance

Direct Reports

–

Division/Section

ERI Operations

Department

Sector

ERI

Job Family

Role Purpose

The NEOM project is being built from the ground up as a living laboratory incorporating sustainable cities, sustainable industries, communities, and high quality of living throughout, with technology-based services in health, education, transport, sport, entertainment, and other fields. Tourism will be a major economic driver and the number one job creator for NEOM and will be a key sector in developing the image and reputation of this new world destination.

NEOM will have its own ground-breaking Education, Research and Innovation Sector (ERI) which encompasses 3 major pillars, Neom U, ERI Foundation and Talent Academy, and they will act as the primary drivers of Higher Education in the region, working in partnership with the key employment sectors.

The University Bursar plays a pivotal role in overseeing the financial aspects related to student finances within the university. This position requires a strategic thinker with strong financial acumen, leadership skills, and a commitment to the accurate management of student billing, collections, and financial aid processing.

KEY ACCOUNTABILITIES & ACTIVITIES

Student Financial Services:

• Manage student billing, collections, and disbursement of financial aid in compliance with federal and state regulations.
• Oversee the administration of scholarships, grants, and other financial assistance programs for students.
• Collaborate closely with the financial aid department to ensure accurate and timely processing of financial aid applications and disbursements.

Cash Management:

• Manage the university’s cash flow and investments related to student accounts, optimizing returns while ensuring liquidity.
• Monitor banking relationships and negotiate favorable terms for student-related financial transactions.
• Implement strategies to minimize financial risk and enhance the financial stability of the university in the context of student finances.

Compliance and Reporting (Student Finance Focus):

• Ensure compliance with all relevant financial regulations related to student finances and reporting requirements.
• Prepare financial reports related to student accounts for internal and external stakeholders.
• Work closely with auditors during financial audits, focusing on areas related to student finances, and implement recommendations for improvement.

Project and challenge management (structural/ad hoc)

• Drive or support the Director /ED in ad hoc and/or structural programs, projects, or activities (e.g. sector initiatives, implementation delivery, communication, marketing etc.)

BACKGROUND, SKILLS & QUALIFICATIONS

Knowledge, Skills and Experience

• Excellent verbal and written communication skills
• Experience in working under little supervision
• Excellent knowledge of SAP or any other student billing system
• Project Management experience advantageous
• Proactive problem-solving and attention to detail
• Ability to establish and nurture beneficial business relationships
• Experience in an institution of higher education, candidate not meeting this requirement may be considered if they possess extensive experience in billing and implementing billing systems in highly regulated industries
• Capability to negotiate with and influence others
• Analytically and mathematically minded analyzing data and create actionable reports

Qualifications

• Bachelor’s degree in Finance, Accounting, or a related field;
• Master’s degree and/or professional certification (e.g., CPA, CMA) preferred.

COMMUNICATION – MAIN STAKEHOLDERS

Internal

External

• Collaborate with other university departments, particularly the financial aid department, to enhance financial literacy and awareness related to student finances across the institution.

• Prospective Candidates, vendors, and other higher education institutions
• Governmental stakeholders