Financial Controller (2 Months Contract)

Financial Controller

Financial Accountant (2 Months Contract)

REPORTING RELATIONSHIPS

Reports to:                 Executive Director (Acting)

Supervises:                 Snr. Accountant, Chief Cashier and Junior Accountant

The ideal candidate will be responsible for the development and implementation of financial and accounting policies, for the maintenance of internal control, procurement and financial management systems. This will lead to the proper functioning of the financial and accounting operations and facilitates the efficient and effective monitoring of the company’s financial affairs.

Key Outputs:

• Prepare and execute Financial Plans and Budgets of DHDL
• Formulate and implement Operational and Work Plans for the Finance and Accounts Unit
• Reports submitted to Executive Director, Board of Directors and Government Bodies:
  • Financial Management Reports
  • Quarterly Review Reports on Operations – Ministry of Tourism
  • Quarterly Contract Body Report – Office of Contractor’s General
  • Other Financial Reports as requested by the relevant Ministries
• Audited Financial Statements prepared and distributed

Key responsibilities (Management /Administrative):

• Ensuring that staff is in place and the required functions are being performed efficiently
• Ensuring that staff possess working knowledge of all accounting standards, audit standards, procurement procedures and all relevant legislation and agreements affecting the operation of the company
• Assigning responsibilities, setting targets and reviewing staff performance
• Liaising with external entities that impact the proper running of the affairs of the Finance and Accounts Unit and ensuring compliance with the legal obligations – (Ministry of Finance and Planning, Revenue Agencies, financial institutions, Ministry of Tourism, etc.)

Technical/ Professional Responsibilities:

• Ensuring that the appropriate practices and procedures are in place in respect of the internal controls and financial reporting systems, related manuals are updated periodically and operating staff are kept abreast of changes
• Following the guidelines of the FAA Act and the Public Body Management & Accountability Act for safeguarding and maintaining assets
• Managing the company’s budget and cash flow resources to adequately meet operational expenses as well as capital commitments
• Establishing and managing the procedures for the processing of disbursements
• Reporting to the Executive Director and Board of Directors on the financial status and operating efficiencies achieved and any important trends and changes that would influence the decision-making planning processes
• Establishing and managing the payroll system to ensure accuracy, confidentiality and timeliness and that all statutory payments are remitted to relevant authorities within the required time frame
• Liaising with the external auditor to ensure the audit of accounts on a timely basis
• Ensuring that adequate backup systems are maintained
• Monitoring the performance of the external Fund Managers to ensure that the investment portfolios secure and earning optimal yields in accordance with the guidelines
• Verifying the accuracy of billing data and invoices prepared by Senior Accountant

EDUCATIONAL REQUIREMENTS

• M.Sc. Accounting, MBA (Finance major) and or a Chartered Accountant designation

KNOWLEDGE, SKILLS AND ABILITIES

• At least five (5) years working experience in finance and accounting environment at a comparable level.
• Knowledge of public sector accounting procedures
• Supervisory and negotiation skills
• Effective oral and written presentation skills
• Ability to develop and assess internal control systems
• Ability to develop and comply with financial, administrative and procurement policies and procedures
• Ability to plan and meet deadlines
• Ability to perform effective under pressure