Organisation
Ministry of Industry, Investment and Commerce
Reference
VAC-49367
Contract Type
Not Vacant
Industries
Accounting & Finance
Location
Kingston
Salary & Benefits
$2,190,302 - $2,945,712 per annum
Date Posted
23/04/2024
Expiry Date
13/05/2024
The incumbent is responsible for co-ordinating and maintaining an effective cash management system and ensuring the proper planning and control of commitments/expenditures within the limits of the approved provision and warrant allocation.
Key Responsibilities
To assist in the Commitment Planning process:
- Identifies and classifies commitments according to categories – inescapable, priority and others;
- Ascertains from all sources, the total value of any unpaid bills brought forward from the previous year;
- Prepares Commitment Control Registers for all activities and projects of the Ministry on a Head/Programme/Project/Activity/Object basis;
- Approves the commitment requisition in accordance with stipulated procedures by:
- Ensuring that commitment requisitions received are duly authorized by an appropriate officer;
- Ensuring that expenditure is appropriate and funds are available under the categories to which the commitment relates;
- Certifying the commitment, blocking funds and recording amounts in the Commitment Control Register
- Informing Programme Managers of the status of their requisitions and the funds available under their respective programmes.
- Ensures the proper maintenance of the Commitment Control Register for the Divisions of the Ministry, ensuring that warrant allocations and commitments are posted correctly and within the stipulated timeline;
- Monitors the timely reconciliation of commitment control registers with the GFMS reports;
- Provides age analysis of outstanding bills;
- Submits monthly reports to the Director of Management Accounts on the number of undischarged commitments.
To facilitate effective Cash Management and Expenditure Control System:
- Assists the Director of Management Accounts in planning the utilization of available cash, based on the level and category of outstanding commitment;
- Monitors and advises the Director of Management Accounts of slow-moving programmes and activities from which funds can be vired to satisfy the needs of activities/programmes that are urgently in need of funds;
- Facilitates proper cash management and expenditure controls by making available to management, information on the discharged commitments and current cash position on a timely basis on a Head and Programme or Activity/Project basis;
- Advises the Director of Management Accounts on programmes/activities at risk of exceeding budgetary allocations.
Other:
- Inserts payment and journal vouchers on GFMS;
- Performs any other related duties that may be assigned from time to time.
Required Knowledge, Skills and Competencies
Core:
- Excellent oral and written communication skills;
- Good team skills;
- Good interpersonal and influencing skills;
- Good problem-solving skills;
- Excellent analytical and judgement skills;
- Excellent planning and organizing skills.
Technical:
- Excellent knowledge of the stipulations of the FAA Act, Instructions and Regulations;
- Experience in Government Accounting, budget and warrant system;
- Competence in the use of spreadsheets and computer applications.
Minimum Required Qualification and Experience
- AAT Level 3;
- ACCA – CAT Level C/Level 3;
- ACCA Level 1;
- NVQJ Level 3, Accounting;
- Diploma in Accounting from an accredited University or Community College;
- ASc. Degree in Business Studies/Business Administration from an accredited tertiary Institution;
- ASc. Degree in Accounting from MIND;
- Diploma in Government Accounting, MIND, Government Accounting Level 1, 2, & 3;
- BSc. Degree in Accounting or Management Studies with Accounting;
- BBA Degree; or
- Successful completion of 3 years of any of the Bachelor’s Degree programmes mentioned above.
Please note that only shortlisted applicants will be contacted.
Region:
Kingston
Occupational fields:
Other
Other
Other
Required degree level:
Other
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