Directorate of Finance

Director of Finance

Mr. Peter Kaahwa

  • Master in Business Administration
  • Bachelor of Business Administration

The Finance Directorate is an integral section of the University administration that develops, reviews, monitors, and takes part in the implementation of financial policies and procedures that are in line with Kampala International University in Tanzania financial procedures and policies and internationally accepted accounting principles.

Despite planning, allocating and controlling finances for university sustenance and growth, the directorate owes its success to the assist of the university management across the board, personnel and collaboration with other universities and stakeholders who are exemplars of best practice within the provision of financial services and management. This has enabled the directorate to identify and borrow unique techniques to help the college in achieving its vision.

Presently, financial management in any respect stages entails effective planning, control, communication and decision making to permit informed conclusions with the aid of information users. With this, the finance directorate is mandated to carry out monetary control features relevant to the anticipated changing needs of the university together with its diverse stakeholders.

Roles and Functions of the Directorate

The Directorate of Finance is headed by the Director of Finance whose responsibilities include:

  1. To establish a sound treasury management and finance function;
  2. To monitor the maintenance of the integrity of accounting records and financial transactions;
  3. To prepare periodic reports and advise the Finance, Planning and Development Committee of Council on financial matters;
  4. To develop, review, and maintain accounting and financial controls and procedures;
  5. To review and monitor the implementation of the annual budget;
  6. To prepare and submit all tax, NSSF, and other statutory returns;
  7. To monitor the reconciliation of all balance sheet accounts including bank accounts, accounts payables, accounts receivables, and accountabilities;
  8. To monitor and review the financial performance of the faculties;
  9. To monitor the performance and development needs of staff in the Finance Department

Financial Authority

The financial authority for the directorate and university at large begins with the budgetary process and approval by the Finance, Planning and Development Committee of Council which vests the authority in the Vice Chancellor to approve budgeted expenditures within the limits as set by the Audit Committee and the Board of Trustees from time to time.

The Director of Finance reports to the Deputy Vice-Chancellor – Administration and Finance who on behalf of the Vice Chancellor is responsible for the day-to-day operations, compliance and ensuring that resources are utilized efficiently and in accordance with approved procedures, work-plans, and budgets thus providing good and exemplary leadership and management to the university. More specifically, the DVC – Finance and Administration is responsible for:

  1. Coordinating and assist the Finance Department in the preparation of the annual budget, collection and submission of the annual budgets for recommendation by the Finance, Planning and Development Committee of Council and submit to the Audit Committee and Board of Trustees for approval;
  2. Ensuring achievement of targeted growth and profitability in the strategic plan and annual budgets;
  3. Coordinating and monitoring of the designing of faculty/departmental targets and head of department’s targets in line with the strategic plan and annual budgets;
  4. Coordinating and mobilizating of, allocation, utilization, control and supervision of the University’s resources in accordance with the corporate strategic plan, policies, procedure’s rules and regulations;
  5. Being accountable to the Audit Committee for the overall financial expenditure of the University; and
  6. Being ready to have the Vice Chancellor delegate to the office of the DVC – Finance and Administration some of the responsibilities of the Vice Chancellor to the DVC – Finance and Administration office or any other office as the Vice Chancellor may deem it necessary.

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Contact Information

  • Kampala Road No. 2, Off Nyerere Road, Gongo la Mboto,
    P. O. Box 9790, Ilala 12110, Dar es Salaam, Tanzania.
  • +255 716 153 399
    +255 782 777 775
    +255 768 000 808
  • info@kiut.ac.tz
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