Assistant Bursar for Cash Management

Morgan State University; Maryland; On-site; USD 60,000 - 70,000; Full time

Job summary

Morgan State University is seeking an Assistant Bursar for Cash Management to oversee payment collection, deposits, and record maintenance for student receipts. The role emphasizes ensuring accurate deposits, maintaining banking relationships, and supervising a small team.

Required are a Bachelor’s degree in business/Accounting or related field, plus five years in fund collection and disbursement, with three years of supervisory experience and familiarity with an online financial system.

Qualifications

• Bachelor’s degree in Business Administration, Accounting, E-Commerce or related field.
• At least five years of experience dealing with the collection and disbursement of funds.
• At least three years supervising a staff of at least two full-time employees.
• One year of experience working with an online, integrated financial computer system.

Responsibilities

• Monitor and update online cash collecting portals and payment portals.
• Coordinate cash receipt and payment processes to maximize cash flow and timely deposits.
• Maintain banking relationships with the State of Maryland and perform reconciliations.
• Reconcile Bursar’s Office records with Accounting Office to ensure agreement of billing and receipts.
• Supervise the cash management operation and develop cash management policies and procedures.
• Manage payment/collections, deposits, and record maintenance of general university funds.

Skills

Cash management

Financial reconciliation

Staff supervision

Online payment portals

Education

Bachelor’s degree in Business Administration, Accounting, E-Commerce or related field

Tools

Online financial system

Job description

Posting Summary

Job Title Assistant Bursar for Cash Management Division Division of Finance & Administration Department Bursar's Office Work Status Full Time Position Category Staff FLSA Exempt Pay Range Exempt Salary Range $60,000 to $70,000 /year Fund Source State Support Job Summary

The Assistant Bursar for Cash/Revenue Operations will be responsible for the efficient and effective organization and operation of all functions of the payment/cash collection, deposit, and record maintenance of receipts from students at Morgan State University’s Bursars Office.

Job Duties

Brief summary of job duties:

• Monitoring and updating all online cash collecting portals, enhancing the University’s online payment experience and serving as a point of contact for all new online portals that require a payment collection component
• Monitoring and coordinating cash receipt and payment and collections processes in order to ensure the institution realizes a maximum cash flow and money position; accurate and timely deposits and postings for both student and non-student collections
• Maintaining a banking relationship with the State of Maryland and assisting in multiple Cash reconciliations with the University, State of Maryland and the bank
• Participate in the reconciliation of the Bursar’s Office records with those of the Accounting Office to ensure complete agreement of billing, receipts, disbursements and outstanding receivable records
• Supervise the cash management operation of the University and its satellite offices and the development of effective cash management policies and procedures
• Under the direction of the Bursar, supervise, organize, perform payment/collection, deposit, disbursement and record maintenance of general collections for the University including tuition and fees, grants and other University related funds; participate in the establishment of policies/procedures regarding the above activities
• Manage the payment/collections process and the intake funds to the University

Requested Minimum Qualifications

Education:

The successful candidate must have a Bachelor’s degree in Business Administration, Accounting, E-Commerce or relate field.

Experience

• At least five (5) years of experience dealing with the collection and disbursement of funds required, preferably in a university setting.
• At least three years of experience in supervising a staff composed of at least two full-time employees involved in the billing, collection, disbursement and record maintenance functions of a multi-million-dollar operation is required.
• One (1) year of experience working with an on-line, integrated financial computer system is required.

Other Preferences for Consideration Knowledge, Skills & Abilities