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Job Description

Applications are invited from suitably qualified candidates of Malawian nationality to fill the vacant post of Director of Finance at the Tobacco Commission.

Position: Director of Finance

THE ORGANISATION

The Tobacco Commission was established by an Act of Parliament 19. Monitor and evaluate the performance of Departments and under the Tobacco Industry Act No. 10 of 2019 as the regulator of the tobacco industry in Malawi. In order to efficiently and effectively execute its mandate, a vacancy of Director of Finance exists at the Commission.

 

GENERAL DESCRIPTION OF THE JOB

The Director of Finance (DOF) will be responsible for managing and accounting for financial resources including current and noncurrent assets. He will also be responsible for the provision of professional advice to promote prudent and efficient financial management and accounting practices and systems for the mobilization, allocation and proper utilization of financial assets and resources in accordance with the strategic objectives and goals of TC.

KEY DUTIES AND RESPONSIBILITIES

The Director of Finance shall be responsible for the following:

 
  •  Formulate, schedule and implement work plans for the Department;
  •  Timely production of monthly, quarterly and year-end financial statements with schedules;
  •  Prepare accounts books for External Audit;
  •  Check cash balances on weekly basis;
  •  Prepare financial statements for the Finance, Audit and Appointments Committee and Board;
  •  Prepare Annual Budget in collaboration with other Department of the Commission taking into account their input;
  •  Manage the Commission’s approved budget, paying special attention to budgetary expenditure control measures;
  •  Advise management on a regular basis the status of the finances salary benefits and gratuity packages commensurate with seniority of the Commission;
  •  Invest cash surpluses where and when possible;
  •  Oversee the coordination of the development and implementation of the Commission's Strategic Plan and budget with particular attention to the efficient operational and Eligible candidates meeting the qualifications and experience should financial performance of the Commission.
  •  Optimize the allocation and utilisation of limited resources in of certificate and names and contacts details of their the most productive areas so as to create maximum value for the Commission’s shareholders;
  •  Prepare and pay salaries, wages and Board members;
  •  Make reconciliations of intermediate buyer licence fees and weight licensed;
  •  Maintain fixed assets register and reconcile the ledgers’ and register’s figures;
  •  Make reconciliations of the Commission’s revenues – Cess, Licences, registration fees, impounded tobacco proceeds, penalties, interest;
  •  Make timely payment to the Commission’s suppliers;
  •  Provide dynamic and effective leadership of the department;
  •  Set up goals, verifiable indicators of performance and to appraise staff in the department;
  •  Monitor and evaluate the performance of Departments and reporting systems to ensure compliance with legal instruments governing public institutions such as Public Finance Management Act, Public Procurement Act and Public Audit Act.
  •  Prepare Departmental performance reports to feed into the Chief Executive Officer’s report to the board.

QUALIFICATIONS AND EXPERIENCE

  •  Minimum educational and /or professional qualifications: Master’s Degree in Accounting, ACCA, CIMA
  •  Requisite post qualification experience: at least 5 years post qualification experience in any senior level in finance
  • Must be a member of ICAM

PERSON SPECIFICATIONS

  •  Highly motivated, self-starters and innovative individual
  •  Computer literate and able to conduct market surveys on-line
  •  High analytical skills and excellent report writing and presentations skills
  •  Decision making and excellent planner
  •  Excellent communication and interpersonal skills

REMUNERATION PACKAGE

The successful candidate shall be offered a negotiable performance related contract for a period of three (3) years, with an attractive salary benefits and gratuity packages commensurate with seniority of the position and qualifications of the candidate.

METHOD OF APPLICATION

Eligible candidates meeting the qualifications and experience should submit their applications giving detailed Curriculum Vitae, copies of certificate and names and contacts details of their three (3) traceable referees not later than 21st May, 2021, to:

The Comptroller of Statutory Corporations

P.O. Box 30061

Capital City

LILONGWE 3

Only shortlisted applicants will be acknowledged.

 
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Job Detail

  • Location
    Lilongwe
  • Company
  • Type
    Full Time
  • Positions
    1
  • Apply Before
    22 May, 2021

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