Finance Officer

ORGANIZATIONAL CONTEXT:

The Institute of Business Studies (IBS), from its’ humble beginning in 1987 as an arm of Nades & Associates primarily providing revision classes for the needs of Papua New Guinea Institute of Accountants (now CPA PNG), has evolved into a private University level Institution over the last 38 years. Today we are in one of the largest business schools in the country and off degree programmes in the fields of Accounting & Finance, Business & Management, Economics & Development Studies and Information Technology. We also continue to provide study pathways for grade 10 & 12 school leavers including industry accreditations for those seasoned professionals who want to get certified in their field.

Our success is the fruits of our dedicated team committed to making a difference in Papua New Guinea, through their efforts to help educate current and future citizens on Papua New Guinea.

A CAREER WITH US:

At IBS we believe that everyone has been gifted with natural talents and learned skills. Our recruitment process is designed to help candidates understand this and enable us to better match you with a role that you will not only be able to do but enjoy doing. Career progression is also important to us and believes that each employee should be at the driving seat of their career progression - this means your manager will discuss with you where you want to be in the future and be more of a coach for you in terms of giving you feedback on areas you need to work on to be your best and achieve your goals. We also have a lot of staff events that enable us to celebrate as a team and give recognition where it's due.

ABOUT THIS ROLE:

The Finance Officer will be responsible for managing the invoices and writing up payment vouchers for processing payments to suppliers. A Finance Officer is responsible for all financial aspects of a business or organization. They manage the budget, prepare financial reports, and ensure that all financial transactions are conducted legally and ethically.

KEY RESPONSIBILITIES:

• Entering invoices into the accounts payable system
• Writing Payment Requests & Vouchers for Processing payments to suppliers
• Filing and maintaining supplier records
• Checking and verifying invoices
• Preparing cheques for payment
• Performing other ad hoc tasks as required by the supervisor / Team Leader
• Following up on suppliers for payment
• Reconciliation Expenses
• Assisting in Customer assistance regarding payment
• Assist in GST return payments.

Qualification & Experiences

1. Bachelor’s degree /Diploma in Finance, accounting, or a related is required
2. Proven experience as a Finance Officer or in a similar Finance role, preferably in an educational institution or a related industry.
3. In-depth knowledge of financial management principles, practices, procedures, and regulations
4. Advance proficiency in MS Excel and financial software applicants
5. Strong communication skills, both written and verbal, for effective interaction with stakeholders at all levels
6. Ability to work independently, manage multiple priorities, and meet deadlines
7. Ability to work collaboratively in a team environment and provide financial support to non-financial stakeholders

Key competencies:

• Outspoken and be able to relate well with people
• Team player and be able to contribute ideas and participate with others
• Excellent Oral and written communication skills

Languages

• Fluency in spoken and written English
• Fluency in Tok Pisin was preferred and Hiri Motu was accepted as not essential.