WE ARE HIRING(Re-advertisement)

Position : PROJECTS 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 an experienced Projects Accountant. The position is tenable at the RFA head office in Lilongwe.

1. Job Overview

Reporting to the Finance Manager, the Projects Accountant will, among other duties, be
involved in projects financial planning, budget formulation and monitoring, cash flow
management, financial policies development and improvement, financial reporting as
well as projects compliance and information records and assets management.

2. Duties and responsibilities

2.1 Projects budgeting and financial reporting

• Assists the Finance Manager in the projects financial planning processes and preparation of projects annual budgets and business plans.
• Prepares timely and accurate monthly management accounts and their supporting schedules.
• Conducts variance analyses of financial reports around actual results, budgets and forecasts, and provides commentary thereon.
• Prepares periodic projects information reports for the RFA management and other stakeholders as required.
• Reviews monthly bank reconciliations and various general ledger control accounts reconciliations.

2.2 Cash flow forecasts and budget monitoring

• Conducts projects budget review processes and maintains projects budget adjustment registers.
• Tracks actual financial performance and prepares monthly and/or quarterly revenue and expenditure budget forecasts.
• Analyses trends and financial performance across projects and advises management for planning and decision making.
• Prepares periodic 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.
• 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 job setting.
• Ensures effective use of relevant accounting software application systems.
• Helps ensure full compliance of Roads Fund Administration with all relevant regulatory standards, donor and government co-operating partners requirements.
• Provides supervision, guidance, training and coaching to assigned staff.

2.4 General finance and administrative duties

• Maintains fixed asset registers and ledgers for the projects as appropriate.
• Manages tax enquiries/issues and ensures all tax remittances are completed by their due dates.
• Prepares and coordinates audit schedules and documents for both internal and external audits.
• Ensures necessary recommended changes and improvements are made to follow audit findings.
• Represents the RFA as requested at external meetings related to projects or other functions.
• 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.
• Further qualifications at a Master’s degree level will be an advantage. A qualified Chartered Accountant (ACCA/CIMA or CA), with at least 10 years progressive experience in finance or accounting, specifically in projects reporting.
• 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 multitask and work to strict 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 both internal and external stakeholders at all levels.
• Well-developed interpersonal skills with ability to work in a team.
• Ability to communicate clearly and concisely, both orally and in writing.

4. Working conditions

• At times, working beyond normal hours, including weekends, to meet reporting
deadlines.

Submission of Applications

Application letters and curriculum vitae with at least three traceable referees must reach either address below by Friday, 11th April 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.