Job description
1. Design and implement strategic financial plans and budgets of the organization, outlining projected revenue sources and expenditures and the measures to be taken to control costs and increase revenues;
2. Design and implement institutional financial regulations and documenting these manuals that are up to date and suitable for use by all staff. i.e Financial and Accounting procedures, etc;
3. Establish a stringent expenditure control procedure which ensures that there is proper authorization of payments and making sure that expenditures are fully supported and budget lines maintained;
4. Develop and installing effective financial management systems and procedures aimed at improving financial reporting and accounting through a developed management system that ensures that revenues are properly receipted and accounted for as well as expenditures;
5. Develop a fixed assets policy governing cost effective acquisition, maintenance, valuation, depreciation, capitalization, replacement and disposal;
6. Design and coordinate the implementation and maintenance of financial information systems to cover the general ledger, job costing, asset management as well as revenue management and collection system;
7. Planning and coordinating the organization’s investment of surplus funds, also working capital and expenditure programmes;
8. Coordinate financial management and accounting services;
9. Maintain financial management and accounting records;
10. Ensure timely payments including salaries and taxes ; 11. Ensure that the various financial management and accounting reports are prepared in a timely manner
12. Ensure that management of receipts and execution of expenditure is duly approved in accordance with existing laws and regulations
13. Prepare the necessary records for external audit;
14. Coordinate the external audit process in collaboration with the auditor general’s office
15. Provide financial management support to all related teams in Finance,
16. Establish and formalize financial management and control procedures
17. Participate in the preparation of work plans and annual budget
18. Plan and coordinate the preparation of annual and special budgets as well as financial accounting systems
Job profile
Minimum Qualifications
•Master’s Degree, in any of these fields: Finance, Accounting, Business Administration or Management specializing in Finance or Accounting with 3 years of relevant working experience or;
•Bachelor’s Degree in any of these fields: Finance, Accounting, Business Management or Management specializing in Finance or Accounting, with 5 years of relevant working experience, 2 of which were in a managerial position;
•Professional certifications including ACCA, CPA, ACA, CIMA is an added advantage; Key Competencies required •Excellent knowledge of public financial management and accounting regulations, standards and procedures; •Demonstrated excellent skills in public sector financial management, accounting and reporting;
•Excellent knowledge of the regulatory framework governing public financial management, accounting and reporting;
•Demonstrated strong skills in budgeting and expenditure management and reporting;
•Strong organizational, communication and managerial skills with high attention to detail;
•High integrity and high professional ethical standards; •Ability to multitask and deliver in a fast paced environment;
•Excellent team work, leadership and coaching skills; •Excellent command of written and spoken English;
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