Management Accountant at North Western Water Supply and Sewerage Company Limited

The North Western Water Supply and Sewerage Company Limited (NWWSSCL) is a commercial utility, providing water and sanitation services in the North – Western Province. The Company has a vision of “striving for excellence in water supply and sanitation”. It is value driven and performance oriented and since inception in the year 2000 has been among the top performing utilities. NWWSSCL is an equal opportunity employer and seeks to recruit high profile, self-motivated, innovative, honesty, committed, adequately qualified and appropriately experienced persons to fill the following vacant position in a challenging environment. The Company operates in Eight (8) Districts.

REPORTING LINE: DIRECTOR FINANCE

JOB PURPOSE

Ensures right Management information is available and ensures adequate accounting records are in place and ensuring that all reporting requirements are met.

STATEMENT OF MAIN DUTIES AND ACCOUNTABILITIES

• Annual Plans & Budget Management but not limited to the following;
• Preparation of Annual plans and Budgets.
• Ensure that the Budget Manual is reviewed and updated to reflect changing operational environment of the Company
• Ensure that annual plans and Budgets are promptly prepared each year in harmony with the budget manual of the Company.
• Ensure that the annual plans and budgets are prepared in line with the Strategic Objectives of the Company.
• Under take periodical education of all budget holders and all staff on the need and importance of planning and budgeting in order to achieve strategic objectives.
• Devise and review budgeting information systems so that they remain technologically strong and faster.
  Monitoring and Evaluation of Annual plans and Budgets.
• Ensure that all budget holders and Staff understand the scope, targets and expectations of the annual plans and budgets.
• Undertake detailed budget analysis of the Company per District and department on a monthly, quarterly and annual basis.
• Ensure you coordinate quarterly annual plans and budget review meetings to ascertain the performance of the Company in order to undertake corrective actions.
• Plan and coordinate quarterly reviews aimed to check and evaluate previous performance in relation to annual plans and budget targets.
• Ensure you take minutes, key points of focus, agreed targets and other resolutions of quarterly reviews.
• Communicate to all key staff, departments and Districts on the resolutions, targets instructions that were arrived at by the quarterly review meetings.
• Ensure that all Districts and Departments report on their performance in relations to the annual plans and budgets.

Performance Management

• Devise and manage a comprehensive system that helps to evaluate the business performance of Districts, Departments and the Company as a whole.
• Ensure all Districts and Departments have set clear monthly, quarterly and annual targets with emphases to the SMART.
• Ensure that Districts and departments send reports promptly highlighting how they achieved targets.
• Identify and advise on the management of the various revenue streams, and evaluate each streams performance and profitability.
• Undertake detailed variance analysis for the Districts, Departments and the entire Company.
• Identify and evaluate key drivers of costs and revenues of the Company.
• Undertake detailed cost analysis of all cost centers
• Identify and hypothecate specific cash inflows required to execute, strategic objectives, annual plans and budgets.
• Plan and undertake performance meetings and trainings of Districts and all key staff in collaboration with your supervisor and HR Department.

Payroll Management

• Ensure the effective management of the general payroll system.
• Ensure that all input payroll data is properly approved.
• Ensure that all new staff details confirmed and properly approved before it is processed.
• Ensure all terminations have been properly processed.
• Ensure staff receives pay statements on time and maintain individual confidentiality of payroll information.
• Ensure that all payroll records are properly filed and maintained.
• Ensure that all payroll output have been promptly posted in accounting system.

Asset Management

• Ensure the Company maintains an effective and efficient Asset Register.
• Ensure you devise and manage an effective asset tracking system from initial request, order, payment, receipt and allocation of assets to users.
• Ensure that all assets are properly coded.
• Ensure that the right depreciation value is made for all assets and properly posted in the Pastel evolution.
• Ensure you Carry out periodical Revaluation exercises and impairment   review necessary to inform management on the performance of an asset or set of assets.
• Undertake periodical disposal assessment in accordance with the Disposal Policy.
• Undertake all necessary reconciliations.

Project Management

• Ensure you coordinate the identification of projects, activities and programs as per annual plans and budgets that are critical to the implementation of strategic plans. (Corroborate with BDR department).
• Participate in the evaluation and appraisal of projects and ranking projects in the order of importance in relation to, NPV, economic, social, business and environmental impact. (Collaborate with BDR department)
• Ensure you participate in resource mobilization for both internally and externally financed projects
• In consultation with DF, plan and allocate resources to projects on based on the prioritization done above.
• Ensure project holders execute projects and use all resources allocated to projects according to specific financing conditions.
• Ensure you satisfy yourself that there is evidence that projects will be executed within time, quality and budget.
• Ensure that projects funding are properly retired as per financing conditions.
• Ensure you manage and reconcile all project Accounts.

External Audit Management

• Ensure Year End Accounting Procedures are done.
• Ensure that the Trial Balance is in proper auditing conditions.
• Ensure you check the correctness of all postings and reconciliations.
• Ensure you provide adequacy supervision of staff for audit purposes.
• Ensure external auditors are properly guided and given all requested information.
• Ensure you maintain a credible audit trail.

Risk Management

• Ensure a systematic approach to the identification of all risks- financial and otherwise -that the Company is exposed to including: liquidity risks, fraud or attempts for fraud, credit risk, compliance and internal control risk.
• Keep regular and systematic assessment of risks to ascertain both the likelihood and impact of the risks eventuating.
• Propose any appropriate response strategy to any risks with potential of occurrence and significant impact.
• Constantly review the system of internal controls and recommend any adjustments.
• Maintain a comprehensive Companywide Risk Register.
• Ensure you device, maintain, and communicate minutes, notes and calendar of strategic stakeholders, key customers and other key event meetings.

Report Management

• Ensure that all data and information needed to build up reports is promptly collected and posted in the information systems.
• Ensure that timely, well thought out, accurate, articulate monthly, quarterly and annual reports are produced and distributed to:
• Management
• District Heads

MINIMUM ACADEMIC AND PROFESSIONAL QUALIFICATIONS

• Full grade Twelve (12) Certificate with minimum Five (05) ‘O’ Crédits including English language and Mathematics
• Degree in Accountancy, Full professional accounting qualification such as ACCA, CIMA, CAZ or ACCA (II)/CIMA advanced Diploma with 3 years post qualifying experience at middle management level.
• Fully paid up member of ZICA

RELEVANT WORK EXPERIENCE 

• Three (03) years post qualifying experience at middle management level

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