Exciting Career Opportunity at the Rwanda Social Security Board (RSSB) – Lead Accountant, Budgeting
Are you ready to embark on a transformational journey? We are seeking a dynamic and forward-thinking leader to join us as the Legal Accountant, Budgeting. If you thrive in dynamic environments and are committed to innovation and transformation, this is the opportunity for you!
This role offers a unique opportunity to be at the forefront of implementation of new financial systems and to contribute to strategic decisions relating to RSSB budgets. You will conduct financial analysis and advise the management on budget or related issues.
Reporting to the Manager, Budget and Treasury, the Lead Accountant, Budgeting will be responsible for overseeing the organization’s budgeting process, including the preparation, management, and monitoring of budgets. This role ensures that budgeting activities are conducted efficiently and align with the organization’s financial goals and strategies.
About RSSB
The Rwanda Social Security Board (RSSB) has the mandate to manage and promote social security in Rwanda. RSSB’s vision is to provide a comprehensive social security system that caters to the diverse social security needs of the population, RSSB plays an important role in realising Vision 2050 and the National Strategy for Transformation (NST1). RSSB manages six social security schemes, namely: Pension, Occupational Hazards, Medical scheme, CBHI, Maternity Leave Benefits and EjoHeza (Long-term Term Saving Scheme).
As a leading player in the financial sector, RSSB serves as the largest institutional investor in Rwanda. With assets under management amounting to 2.06 trillion Rwf , which is equivalent to over 15% of the country’s GDP, RSSB invests in key sectors of the economy and plays a crucial role in growing the country’s financial sector. With approximately 12 million members in the above six schemes, encompassing over 90% of Rwanda’s population, RSSB is at the forefront of securing the health and financial well-being of Rwandans.
To achieve its important mandate, RSSB is embarking on a transformative journey, aiming to become a modern, data-driven, and high-performing institution. As part of this ambitious initiative, we are seeking highly motivated individuals who are results-oriented and uphold the highest standards of professionalism and integrity. By joining RSSB, you will have the opportunity to actively contribute to the advancement of social security and overall transformation of Rwanda.
Key Duties and Responsibilities
- Lead the development of annual budgets, including operating and capital budgets.
- Collaborate with department heads to gather budgetary data and ensure alignment with organizational goals.
- Develop budget templates, guidelines, and timelines for the budgeting process.
- Monitor budget performance throughout the fiscal year.
- Analyze variances between actual and budgeted figures and provide explanations.
- Work with departments to adjust budgets as needed based on changing circumstances.
- Conduct financial analysis to support budgetary decisions and identify cost-saving opportunities.
- Provide insights and recommendations based on budget performance and financial data.
- Prepare regular budget reports and presentations for senior management and stakeholders.
- Develop and update financial forecasts based on current trends and projections.
- Assist in long-term financial planning and scenario analysis.
- Provide forecasting reports to support strategic planning and decision-making.
- Ensure compliance with internal budgeting policies and procedures.
- Implement and maintain internal controls related to budgeting activities.
- Support internal and external audits related to budgeting and financial planning.
- Lead projects related to system upgrades or new budgeting tools implementation.
- Communicate budget-related information and updates to stakeholders.
Key Qualifications and Experience
The successful candidate must have at least:
- Master’s Degree in Accounting, Finance, or a related field preferably with at least 3 years relevant experience.
OR
- Bachelor’s Degree in Accounting, Finance, or a related field preferably with at least 5 years relevant experience.
- CPA, ACCA, or other relevant professional certification is an added value
Key competencies
Technical Competencies:
- The role holder must have strong knowledge of IFRS, and other accounting standards.
- The role holder must demonstrate experience in budgeting, forecasting, and financial analysis.
- The incumbent must have proficiency in financial management software and ERP systems.
- The incumbent must have excellent communication and interpersonal skills.
Behavioral Competencies:
- Must demonstrate impeccable customer service focus, strategic thinking, and strong ethical background with an ability to resist and zero tolerance for corrupt, political and other undesirable influences;
- Must be able to establish and maintain constructive and effective relationships with key stakeholders and staff alike;
- Must be open to change and adapt established methods for new uses within the institution;
Additional Information:
The position is based in Kigali, Rwanda and applicants must be willing to relocate outside their countries of domicile.
RSSB reserves the right to appoint or to issue an employment contract to the successful candidate.
Interested candidates are advised to visit the RSSB website for a more detailed job description for the role, and submit your application online by Monday 26 August 2024.
In addition, please attach a curriculum vitae that contains details of your qualifications, experience and positions held relevant to this role. Include your day and evening telephone numbers, email address, names and address of three professional referees. Also, attach copies of your academic and professional qualifications.
Any form of canvassing will lead to automatic disqualification.
Only short-listed applicants will be contacted.
Shortlisted candidates will be required to submit a valid Criminal Clearance Certificate.
RSSB is an Equal Opportunity Employer
