Management Accountant (Recurrent)

Job Purpose

Under the direction of the Director, Management Accountant, the Management Accountant (Recurrent) is responsible for assisting with the operation of an effective cash management and budgeting system for the Authority. Accordingly, the incumbent undertakes daily cash flow management activities, including analysis of the cash flow and makes recommendations for the implementation of cash flow strategies. The Senior Budget Officer also compiles the draft budget and assists with the monitoring of the recurrent budget implementation. 

In addition, the incumbent assists the Director, Management Accountant with investment portfolio management and the management of all banking relationships. He/she conducts financial, statistical, and analytical studies; prepares and assists in the preparation of financial reports and statements and assists in the preparation of the Authority’s Budget. 

Key Responsibilities

• Assists with the co-ordination and analysis of the Authority’s annual Budget;
• Reviews with Senior Managers, budget requirements for their respective programmes and activities and the cost efficiencies of Authority’s recurrent Budget; 
• Makes adjustments to the budget after review by the Ministry of Finance and the Public Service (MOFPS) and Senior Managers of the Authority; 
• Ensures the timely distribution of Estimate of Expenditure to Chief Executive Officer, Senior Managers and all other Programme Managers within the Authority;
• Reviews annual and monthly cash flows and compare with approved Estimated of Expenditure before submission to the MOFPS; 
• Examines monthly expenditure statements against warrant allocations to determine variance, if any, with warrants and approved budget and advises the Director, Management Accountant of any potential or necessary adjustments in future allocations; 
• Liaises with Budget Analyst in the MOFPS on matters concerning the approved Budget, Warrant Releases and Cash Flows; 
• Participates in monthly meetings with cash management staff at the MOFPS, and senior managers of the Authority to discuss warrant releases against actual requirements;
• Co-ordinates Quarterly Budget and Performance Review meeting with seniors managers to examine expenditure against performance with a view to preventing budget overrun;
• Calculates and collates costing for the revision of salaries and allowances and advise MOFPS of the necessary adjustment; 
• Advises the Director Management Accountant and Programme Managers of payment schedules; 
• Examines and certifies monthly warrant allocations and all other activities in the Authority;
• Suggests measures to mitigate the negative impact of changes in these macro-economic variables; 
• Prepares a monthly statement of projected cash flows for the month; 
• Prepares Short, Medium and Long-term Financial Forecasts; 
• Reviews financial performance each month and prepares monthly variance report;
• Monitors changes in macro-economic variables, such as interest rates, inflation rates, exchange rates, fuel prices, etc and reports on the likely impact of these changes on projects, plans, programmes and financial projections of the authority; 
• Reviews budget submissions from divisional heads for completeness, accuracy and reasonableness; 
• Provides advice and assists in performing cost benefit analysis for proposed projects;
• Assists in the determination of expenditure priorities; 
• Performs other related duties assigned from time to time. 

Required Knowledge, Skills, and Competencies

Core: 

• Excellent oral and written communication skills 
• Customer and quality focus 
• Excellent problem solving and decision-making skills 
• Teamwork and cooperation 
• Ability to work on own initiative 
• Sound integrity 
• Analytical thinking skills 
• Compliance 
• Excellent interpersonal skills 
• Excellent planning and organizing skills 

Technical: 

• Knowledge of Government Accounting Financial Regulations and FAA Act
• Knowledge of Authority's Policies and Procedures (local and international), Fisheries Act etc. 
• Knowledge of General Accounting principles and practices
• Sound knowledge of Management Accounts 
• Proficiency in the use of relevant computer applications (Microsoft Office Suite, GFMS) 

Minimum Required Qualification and Experience

• BSc. Degree in Accounting or Management Studies or any equivalent relevant qualification from a recognized Tertiary Institution; 
• Completion of relevant Government Accounting Courses; 
• Two (2) years’ related experience in Accounting; 

OR 

• Associate Degree in Accounting (MIND), along with the completion of the revised Certificate in Government Accounting, or any equivalent relevant qualification from a recognized Tertiary Institution; 
• Four (4) years related accounting experience. 

Special Conditions Associated with the Job

• Periodically required to work beyond normal working hours, e.g. Budget preparation period; 
• Occasional islandwide traveling. 

Please note that only shortlisted applicants will be contacted.