Job Summary
This cadre of officers are responsible for the prudent management of the Commission’s financial resources and providing accurate and timely financial information for decision support by both management and the Board.
Minimum Qualification:Bachelor
Experience Level:Management level
Experience Length:10 years
Job Description
Functions of the Finance and Accounts Division
The Finance and Accounts Division exists to develop financial system
and implement sound financial policies, systems, procedures and internal
controls in compliance with Statutory Regulations and International
Accounting Standards and communication of the financial policies,
strategies, and plans and ensure their evaluation thereof.
Duties and Responsibilities
The Officer is responsible to the Secretary General/CEO through the
Director, Corporate Support Services, for the coordination and
implementation of all Finance and Accounts services in a result oriented
and timely manner to achieve the Commission’s goals, objectives and
agreed performance targets. Duties and responsibilities will entail:
Directing financial planning and the financial strategy of the
institution to ensure thesustainability and profitability of the
business in the long term;
Participating in stakeholder’s management through regular and
proactive engagement withrelevant business partners to ensure
sustainable partnership;
Developing and installing effective financial management systems and
procedures aimed at improving financial reporting and accounting
through effective accounting for member contributions and payment of
claims to health service providers;
Developing and ensuring uniform implementation of accounting policies across the head office;
Assessing, managing, and minimizing financial risks by ensuring sufficient internal controls are in place;
Planning and coordinating the timely preparation of monthly and
quarterly reports and estimates as well as outlining key activities to
be undertaken to achieve desired targets;
Analysing and reporting quarterly and annual reports on financial performance to the board of management;
Coordinating banking services, reconciliation and custody of funds,
securities and financial instruments as well as preparing reports which
summarize and forecast financial position in areas of revenue
collection, expenditure and investments;
Establishing stringent expenditure control procedures to ensure
proper authorization for payment is strictly followed, any expenditure
incurred are supported by payment vouchers and other valid accounting
documents as well as ensuring that budgetary allocations are
not exceeded without justifiable cause;
Ensuring timely disbursement and payments for goods and services as per contract terms;
Reviewing financial information detailing assets, liabilities and
capital and prepare financial statements and other reports to summarize
current and projected financial position in order to ensure availability
of funds to implement planned activities;
Liaising with the Ministry of Finance/Treasury, the Auditor
General’s department and other relevant government bodies on the
interpretation and application of relevant financial and accounting
regulations in order to ensure that processes conform to government
policies
and procedures;
Overseeing audit and tax functions;
Reviewing departmental budgets;
Designing and implementing appropriate training programs for the directorate; and
Any other duties as may be assigned.
All applications should be received on or before25th November 2020.
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