Role Purpose
Responsible for the effective implementation and monitoring of financial and management accounting systems, policies and procedures for SUBAH.

Reports To
General Manager, Finance & Administration

Direct Reports

•   Revenue Assurance Executive
•   Senior Accounts Officer
•   Accounts Officers

Internal Relations

•   General Manager, Finance & Administration
•   Finance Team
•   Departments
•   Regional Offices

External Relations

•   Ministry of Finance
•   Ghana Revenue Authority
•   National Health Insurance Authority
•   National Communications Authority
•   Financial Institutions/Investment Banks
•   SSNIT
•   MMDAs
•   Service Providers

Key Result Areas

•   Strategy & Policy Development
•   Budget Preparation & Control
•   Financial Accounting
•   Management Accounting
•   Cash Management
•   Stakeholder Relations & Management
•   Information & Reporting
•   Employee Performance & Development

Key Responsibilities
Strategy & Policy Development

•   Participate in the development of strategy/business plan for the Finance Department and monitor its implementation.
•   Develop for review/approval policies, standard operating procedures (SOPs), work plan and other support systems including monitoring mechanisms to achieve set targets of the Finance Department.

Budget Preparation & Control

•   Monitor the implementation of the approved budget templates and reporting systems to ensure that all Departments complete and submit their budget inputs within the approved time frame for the development of the annual budget.
•   Monitor the implementation of systems and procedures for analyzing budgetary performance to aid monitoring and control of SUBAH’s approved budget.
•   Participate in the preparation of SUBAH’s annual budget and monitor its implementation.
•   Responsible for the preparation of variance analysis of revenue and expenditure against budget and report/advice on any deviations for corrective action.

Financial Accounting

•   Lead in the implementation and maintenance of internal financial controls. This involves the following;-

1)  Implementation and effective monitoring of all system accounts (General Ledger, Fixed Assets Register, Debtors and Creditors accounts, etc.) to ensure accurate balances
2)  Preparing complete and accurate financial reports and analysis
3)  Monitoring key financial risk indicators
4)  Contributing to the improvement of the overall financial environment of SUBAH.
•   Monitor cash resources and advise on investment opportunities for SUBAH as appropriate.
•   Direct the preparation of periodic Cash Flow Statements and submit report to General Manager for review/approval.
•   Responsible for the development of accounts payable/receivable systems and monitor its implementation to ensure that all payments are in line with approved accounting polices/ guidelines.
•   Review periodic bank reconciliation statements and accounts reconciliation of SUBAH and initiate corrective actions where necessary.
•   Review and analyze financial accounting systems of SUBAH and advice on any inconsistencies for remedial action.

Management Accounting

•   Responsible for the development of effective Fixed Assets Register system and monitor its implementation to ensure compliance with approved policies and guidelines.
•   Responsible for the preparation of Project Proposals for review/approval by General Manager, Finance & Administration.
•   Monitor to ensure compliance with statutory deductions and payments (i.e. tax, SSNIT, etc.) made by SUBAH.
•   Monitor SUBAH’s cost/expenditure and prepare relevant reports to guide Management in decision-making.

Cash Management

•   Monitor to ensure the efficient management of SUBAH’s liquidity to maximise returns on assets through short/long term investment.
•   Responsible for managing SUBAH’s assets and liabilities.
•   Stakeholder Relations & Management
•   Maintain professional relationships with External Auditors, Regulatory Agencies, Financial Institutions, MMDAs and other external stakeholders in the area of financial management.
•   Manage business relationships with counter parties as appropriate.

Information & Reporting

•   Stay abreast with legislations, rules and regulations, new developments and international best practices in the area of financial/management accounting and treasury management.
•   Responsible for the maintenance and update of records on financial and non-financial data to facilitate qualitative and quantitative analysis of the Finance function to support Management decision making.
•   Responsible for the preparation of monthly, quarterly and other periodic financial reports.
•   Monitor to ensure that all financial and management accounting reporting systems are in line with regulatory requirements and International Financial Regulatory Standards.

Employee Performance & Development

•   Hold direct reports accountable for the performance of assignments in their respective areas of responsibilities.
•   Conduct performance appraisal and provide input for career development and recommend performance incentives for subordinate staff.
•   Identify training needs and facilitate training for subordinate staff.

Qualification Required & Experience

•   Masters Degree in Accounting, Finance or related field
•   Must be a member of a recognised professional body. (ICA, ACCA, CIMA, CPA)

Experience

•   Seven (7) years working experience with at least 3 years in management position.

Knowledge & Skills

•   Demonstrated knowledge and understanding in the use of accounting methodologies and tools.
•   Considerable knowledge and understanding of Accounting Standards and related regulations.
•   Good planning and organising skills.
•   Considerable knowledge and understanding of the International Financial Reporting System (IFRS), Accounting and Auditing Standards and related regulations.
•   Good financial knowledge, including treasury management, investment planning, asset allocation, etc.
•   Good knowledge/understanding of the operations of SUBAH.
•   Considerable knowledge and experience in strategic planning.
•   Demonstrated ability in financial modelling.
•   Excellent analytical ability and problem-solving skills.
•   Good negotiation and conflict management skills.
•   Excellent communication and presentation skills.
•   Ability to develop and maintain professional relationships with internal and external stakeholders and work effectively with all categories of employees.
•   Knowledge of project management.
•   Ability to work in a fast paced and often pressured environment.
•   Good knowledge in the use of accounting/financial software and tools, Microsoft Word, PowerPoint, Excel, Internet etc.
•   Considerable knowledge and understanding of enterprise-wide accounting information systems.
•   Good managerial, coaching, mentoring and interpersonal skills in a “team” setting.

Location: Accra

How To Apply For The Job

Qualified candidates should send their applications to:

info@subahghana.com

Closing Date: 26 October, 2013