The Adventist philosophy of education, which seeks to redeem and restore in man the lost image of God, is the force that drives the Financial Administration of the University. The sustainability of this philosophy depends on the sustainability of Adventist institutions, which largely subsit in financial sustainability based on effective financial management.
The Financial Administration function is envisioned to become one of the trusted University pillars, driving growth and financial innovation while maintaining the highest ethical standards, as well as providing strategic insights and creating value across the University. The department intends to carry out its function through data-driven financial leadership, fostering a culture of continuous improvement, adaptability, and collaboration.
Financial Administration functions focus on four thematic areas:
Financial Objectives
i. Data-driven financial leadership.
ii. Diversify revenue streams to increase year-end surpluses and fund balances.
iii. Maintain positive cash flows (liquidity) to meet University’s commitments.
iv. Build reserve funds to cover lean revenue generation periods.
v. Foster a culture of continuous improvement through CPDs with open communication.
Stakeholder Focus
i. Identification and prioritization of needs, expectations, and concerns of various stakeholder groups such as employees, customers, suppliers, the church, and the community,
ii. Active listening and acknowledgment of feedback to gain insights and buy-ins for ideas.
iii. Ensure effective stakeholder monitoring and tracking interactions to gain insights and monitor sentiment over time.
Strategic Alignment
i. Link the University’s internal and external elements to ensure they support the achievement of long-term goals and mission.
ii. Provide clear direction, for effective resource allocation and foster a sense of shared purpose.
iii. Integrate financial administration’s components, such as strategy, culture, and operations, to support the University’s overarching goals.
Core Values
Financial Administration is guided by four (4) fundamental beliefs that drive decision-making process.
i. Integrity - Uphold the highest ethical standards in transactions and decision-making processes of all revenue and cost centers as operated by the University.
ii. Accountability - Data-driven financial leadership to ensure that the Financial Administration bases its transactions on sufficient and appropriate supporting documentations, taking ownership of financial responsibilities and delivering on commitment.
iii. Collaboration - Foster team work and open communication across the University.
iv. Innovation - Continuously seek opportunities to improve financial processes and ensure growth by applying innovative technological trends such as Power BI and other machine learning tools to enhance the production of financial information.
v. Transparency - Equipped the Financial Administration to ensure that financial information is clear, accurate, and readily available to stakeholders for decision-making.
- Dr. Francis Osei-Kuffour | Chief Finance Officer
