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Job Description

The National Economic Empowerment Fund Limited (NEEF), a licensed Microfinance Institution wholly owned by the Government of Malawi invites applications from suitably qualified persons with proven hands-on microfinance or banking experience to fill the following positions tenable at the Head Office:

Position: Financial Accountant ( 1 position )

Reporting to Head of Office.

Key duties and responsibilities:

  • Assisting the head of finance in designing and implementing effective internal control systems aimed at safeguarding organisational assets.
  • Preparation and timely submission of management accounts that include branch profitability reports and profit forecast.
  • Assisting the head of finance in planning and budgeting.
  • Preparation of operating cash flow and forecasts.
  • Ensuring that daily and monthly bank reconciliations are done filed properly.
  • Ensuring that daily and monthly disbursements reports are done and correctly.
  • Ensuring that repayment reconciliations are done and reconciled properly.
  • Preparations of loans and savings portfolio reconciliations.
  • Preparation of general ledger reconciliations.
  • Preparation of working papers in readiness for external audit.
  • Preparation of financial statements.
  • Producing reports in compliance with the company policy, regulatory and statutory.
  • Preparation and timely submission of income tax returns and annual reports to key stakeholders.
  • Offer leadership and supervision to the accountants responsible for management accounting and financing accounting.
  • Oversee the running and maintenance of accounting systems and software.
  • Maintaining cash books and reconciliations at head office and branch level.
  • Assisting the Head of Finance to carry out administrative functions including recruitment, training, and job appraisals.
  • Preparations of lenders reports including debt covenant monitoring.
  • Performing cost-sensitive analysis.
  • Preparation of daily balance sheet reports.
  • Preparation and circulation of ALCO packs.
  • Assisting the head of finance in the preparation of board papers.
  • In charge of due diligence documents and other audits conducted by Central Bank and others.
  • Preserving the organisations image in ensuring that creditors are paid timely.
  • Providing support to the head office and the branches in preparation of the business plans and the budgets.
  • Assisting the head office of finance in managing the treasury functions of the company.
  • Any other duties as may be assigned by management from time totime.

Qualification and Experience

  • Bachelor’s Degree in Accountancy or Finance plus a professional qualification in accounting i.e. ACCA/CIMA.
  • Five years professional experience in a microfinance institution or similar senior position in a banking/financial institution.
  • Knowledge of accounting packages.

Special/Personal abilities

  • Attention to detail and high level of accuracy.
  • Effective supervising, leading and delegating tasks and authority.
  • Be adaptable and able to meet deadlines on assignments.

Method of Application

Interested individuals who meet the above requirements should submit their applications, copies of certificates, and updated CVs with at least three (3) traceable referees indicating on the envelope the position being applied for not later than 18th May 2021 to:

The Acting Chief Executive Officer

National Economic Empowerment Fund (NEEF) Limited

P.O. Box 779


Only shortlisted applicants will be acknowledged

Skills Required

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Job Detail

  • Location
  • Company
  • Type
    Full Time
  • Positions
  • Apply Before
    15 May, 2021

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