Job Profile and Application Details  

Position : FINANCIAL ACCOUNTANT 

The Roads Fund Administration (RFA) is a statutory body established to raise, administer and account for funds for the construction, maintenance and rehabilitation of public roads. RFA seeks the services of a Financial Accountant. The position is tenable at the RFA head office in Lilongwe. 

1. Job Overview

The Financial Accountant will provide a full range of accounting, reporting and revenue management functions for the Roads Fund Administration. 

Reporting to the Finance Manager, the Financial Accountant will, among other duties, be involved in financial reporting; budget formulation and monitoring; financial reports, analysis and commentary; cash flow management; financial policies development and improvement; and in risk assessment and risk management of the assigned job setting. 

2. Duties and responsibilities

2.1 Financial reporting 

• Prepares timely and accurate monthly management accounts (for the tolling business unit) and their supporting schedules.  
• Conducts variance analyses of financial reports around actual results, budgets and forecasts, and provides commentary thereon.  
• Reviews monthly bank reconciliations and various general ledger control accounts reconciliations. 
• Oversees accurate coding of revenues and expenditures to the appropriate budgets and codes and processes required journal entries. 
• Coordinate the preparation of weekly, monthly and ad hoc toll collections financial reports and variance analyses. 

2.2 Cash flow forecasts and budget monitoring

• Assists the Finance Manager in the preparation of annual budgets and the half year budget reviews processes. 
• Monitors actual financial performance on operational and maintenance budgets and prepares monthly and/or quarterly revenue and expenditure budget forecasts. 
• Analyses trends and financial performance and prepares recommendations necessary for management to make informed decisions. 
• Assists the Finance Manager in preparing the periodic Tolling business unit investment portfolio status reports. 
• Prepares monthly cash flow forecasts. 

2.3 Financial systems and operations

• Assists the Finance Manager in the development of financial policies and procedures and in the documentation and monitoring of internal controls. 
• Participates in the development and implementation of new or revised accounting programs, systems, procedures and methods of operation. 
• Conducts regular risk assessments; identifies, owns and manages risks in the job setting. 
• Promotes, designs and implements effective detailed risk management and internal control practices and procedures in the Tolling business unit. 
• Develop, implement and maintain revenue assurance controls and processes for the tolling revenue management function to ensure that tolling revenues are accurate, complete and secure. 
• Oversees toll revenue management functions by integrating tolling data into financial data; providing analyses and revenue forecasting. 
• Undertakes periodic tolling revenue assurance reviews, including collections reconciliations and collectors’ incident records analyses. 

2.4 General finance

• Maintains fixed asset register and ledgers for the Tolling business unit and carries out periodic asset verification exercises. 
• Prepares and coordinates audit schedules and documents for both internal and external audits. 
• Ensures necessary recommended changes and improvements are made to be in compliance with audit findings. 
• Ensures effective use of relevant accounting software application systems. 
• Helps ensure full compliance of Roads Fund Administration with all relevant regulatory standards and other requirements of accounting, finance, legal, and taxes.
• Provides supervision, guidance, training and coaching to assigned staff. 
• Undertakes any other duties as may be assigned from time to time by the Finance Manager and/or Director of Finance. 

3. Qualifications

3.1 Education and experience

• At a minimum, a Bachelor’s degree in Accountancy from a recognized university.
• A qualified Chartered Accountant (ACCA/CIMA or CA), with at least 7 years’ progressive finance and/or accounting experience.
• Membership with the Institute of Chartered Accountants in Malawi (ICAM).

3.2 Knowledge, skills and abilities

• Solid knowledge and understanding of advanced accounting and financial reporting principles and practices. 

• Proven knowledge and experience in budgeting, forecasting, cost accounting and risk analysis. 

• Excellent analytical and numerical skills with the ability to analyse, evaluate and interpret complex data and reports. 

• Good organisational and analytical skills in solving problems and proposing solutions. 

• Good working knowledge of applicable financial software and Microsoft Office application packages. 

• Excellent time management skills with the ability to multi-task and work to deadlines under pressure. 

• Ability to act and operate independently with minimal daily direction from the Finance Manager. 

• Ability to establish and maintain effective working relationships with team members, clients and management. 

• Ability to communicate clearly and concisely, both orally and in writing. 

4. Working conditions

• At times, working beyond normal hours, including weekends, in order to meet reporting deadlines. Occasional travels outside workstation to the toll gates for fieldwork. 

5. Key Performance Indicators (KPIs) 

• Accuracy of budgets and forecasts. 

• Timeliness of financial reporting. 

• Percentage of projects completed within budget. 

• Compliance with financial regulations and standards 

Submission of Applications

Application letters and curriculum vitae with at least three traceable referees must reach either address below by Friday, 25th July 2025 by 4 PM

The Chief Executive Officer
Roads Fund Administration
Ngerengere Building, Ground Floor
Off Queens Drive
Private Bag 369
Lilongwe 3

Or Email:

recruitment@rfamw.com

RFA is an equal opportunity employer.

Only shortlisted candidates will be acknowledged.