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Director, Government Banking Relations (FMG/PA 3)

Date Posted
24th November 2017
Reference
VAC-27487
Sector
Accounting & Finance, Government & Public Sector
Job Type
Permanent
Location
Kingston
Salary
Not Disclosed

Job Summary

Applications are invited from suitably qualified candidates to fill the vacant post of Director, Government Banking Relations (FMG/PA 3) in the Accountant General’s Department (AGD).

Job Description

Job Purpose

The Director Government Banking Relations is responsible for banking arrangements in relation to all Government bank accounts. The incumbent will ensure that all Government bank accounts are closed to the Treasury Single Account (TSA), monitor the opening and closing of accounts and maintain a live database of all Government bank accounts.

 

Key Responsibilities

Technical:

  • Co-ordinates and manages the contracting of commercial banking services through a competitive tendering process where necessary;
  • Implements and maintains formal Single level Agreements (SLAs) for commercial banking services and fees to include accounts that can be opened, types of transactions, sweeping arrangements, record keeping, including frequent bank statement reconciliations, information exchange, indicators on the quality of services to be delivered, penalties, fees, signatories authorized to open accounts, etc.;
  • Implements and maintains a transparent and market based relationship between the AGD and the Bank of Jamaica as per Single level Agreement (SLA);
  • Processes authorizations for opening and closing of Government bank accounts;
  • Verifies closure of the accounts of Ministries, Departments and Agencies (MDAs);
  • Sensitizes the relevant Financial Officers to ensure appropriate systems for book-keeping, payments, lodgments and petty cash;
  • Sensitizes the relevant Financial Officers to ensure all officers handling money, keeps proper records and documentation;
  • Conducts research and recommends changes to policies, procedures and systems to enhance the functioning of the Unit and Department;
  • Assists with the establishment of internal control processes required to ensure compliance with standards, policies and regulations;
  • Assists with related special projects and assignments;
  • Assesses the feasibility of introducing new technology that may be offered by banks and which could enhance the efficiency of the receipt and payment system in Government.

 

Required Knowledge, Skills and Competencies

  • Comprehensive knowledge of Accounting practices and applications
  • Knowledge of International Public Sector Accounting Standards (IPSAS)
  • Knowledge of Government Accounting
  • Comprehensive knowledge of banking operations
  • Knowledge of the Financial Administration and Audit (FAA) Act and other relevant Acts and regulations
  • Managing the Client Interface: Ability to work effectively with others, both internal and external to the Department, to deliver acceptable, customer-oriented and high quality service
  • Managing External Relationships: The ability to build partnerships with external bodies, customers and Government departments to ensure that external requirements are met
  • Interpersonal skills: The ability to display sensitivity towards others, interact collaboratively with colleagues, and to build long term internal and external relationships and gain support to achieve desired objectives
  • Collaboration and Team Work: The ability to be a collaborative business leader, and an inspiring professional who shows a genuine intention to participate and work co-operatively with others in pursuit of team goals
  • Performance Management: The ability to align resources, systems, standards and activities to effectively, efficiently and consistently meet the goals and strategic objectives of the Department
  • Analytical Thinking, Decision Making, and Problem Solving: The capacity to analyze problems promptly, choose between alternatives, and effect meaningful solutions
  • Customer and Quality Focus: The ability to continuously ensure high standards of quality and service delivery to meet customers’ expectations
  • Integrity: The ability to consistently demonstrate sound ethical standards, observe the codes of conduct for employees and codes of professional practice, and show consistency between established values and behaviors, in order to build trust and credibility
  • Use of Technology: The ability to accept and implement information technology in work activities to enhance organizational performance
  • Oral and Written Communication: The ability to communicate proficiently orally, in writing, and in one- on- one face- to- face, with excellent public speaking skills
  • Change Management: The ability to maintain effectiveness in a changing environment and the willingness to respond quickly and positively to change, and to lead others through change and manage their concerns
  • Emotional Intelligence: Possession of self-awareness, self-management, social awareness, and social skills – The ability to display behaviors appropriate to the AGD’s business and social environment
  • Ability to work effectively under pressure

 

Minimum Required Qualification and Experience

  • Bachelor’s Degree in Accounting or Management Studies with Accounting or Business Administration from a recognized University or;
  • ACCA Level 2 or;
  • Associate of Science Degree in Accounting, MIND, along with the Diploma in Government Accounting, MIND.
  • Evidence of continuing professional development in Accounting;
  • At least three (3) years’ experience in a related field, with at least two (2) years in a similar position.

 

Special Conditions Associated with the Job

  • Required to travel locally and internationally; this position requires up to 60% travel;
  • Pressured working conditions with numerous critical deadlines.

 

Salary range $2,097,527 – $2,493,300 per annum and any allowance(s) attached to the post.

 

Please note that only short listed applicants will be contacted.

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