Financial Analyst, Monitoring Unit (FMG/PA 2)

Job Purpose

• To identify, evaluate and report on issues affecting the financial operations of Public Bodies; this position: 
  • Prepares detailed analysis of financial data on each assigned PB, in order to facilitate regular review of operating performance and to make recommendations regarding new investment proposals. 
  • Analyzes annual budgets and corporate plans of entities within the Sub-Unit and submitting reports thereon. 
  • Undertakes fieldwork including visits to the entities and work sites, to assist in problem solving and to assess progress on capital projects. 
  • Assists in the development of budgets of Public Bodies within the Sector. 
  • Recommends alternative courses of action to decrease or eliminate the need for budgetary support. 
  • Monitors actual financial performance from data received, on a weekly, monthly and quarterly basis and reporting thereon. 
  • Assists in the evaluation of the strength of the financial management of the enterprises. 
  • Recommends alternatives to the Sector Director that will alleviate, prevent or resolve impending financial problems identified in these entities and ensure their continued financial viability. 
  • Analyzes financial proposals for withdrawal from the Capital Development Fund or the Consolidated Fund and recommends possible terms and conditions. 
  • Assists in determining long term and working capital needs and identifying sources of financing through the most cost effective options. 
  • In considering the working capital needs of Public Bodies and sources of funding to meet those needs, this position: − Reviews expected monthly cash requirements and liaises with the Budget Division for the provision of funds − Undertakes financial analyses in respect of requests from Public Bodies for loan financing, letters of undertaking - “comfort letters” or Parliamentary Guarantees 
• To provide support in the drafting and recommendation of policy alternatives for improving enterprises’ financial management and compliance with governing acts; this position: 
  • Liaises with senior management in the respective PBs regarding the implementation of these policies and recommending possible strategies for their achievement, including the development of performance measures 
  • Advises the Sector Director of the implications of certain policy recommendations referred to the Cabinet by portfolio ministries
  • Identifies those entities within the Sector for which management audits and special examinations 3 may be necessary 
  • Recommends reconstruction of entities and assist in the process where necessary 
  • Examines and analyses Cabinet Submissions sent in by portfolio Ministries and the Divestment Secretariat on a timely basis and makes recommendations to the Deputy Financial Secretary regarding the financial and other implications of these submissions 
  • Produces financial information related to selected and other Public Bodies in the development of the Ministry’s financial programming models
  • Obtains financial statements for the preceding year, annual budgets for current year, detailed cash flows, monthly revenue, commitments and expenditure in relation to budget allocations and comparable revenue expenditure figures for past periods. 
• To provide financial data and represent MoFP on the operations of the assigned PSE for various stakeholders; 
  • Updates and evaluates data, which forms the basis for the formulation and management of the Government’s Fiscal Policy. 
  • Liaises with management of entities in preparing data for use in the determination of targets and facilitating where possible the achievement of those targets 
  • Liaises with the MS Unit regarding the operation of an efficient and effective monitoring and reporting system, which will provide accurate and timely information in respect of the achievement of targets. 
  • Articulates the position of the Ministry of Finance in the various forums 
  • Examines and analyzes Cabinet Submissions sent in by portfolio Ministries and the Divestment Secretariat on a timely basis and making recommendations to the Deputy Financial Secretary regarding the financial and other implications of these submissions.

Required Competencies

• Knowledge of accruals and government cash accounting; 
• Good knowledge of GoJ budgeting and planning processes;
• Quality of Output – Deliver output of a consistently high quality 
• Initiative - Ability to exercise initiative and sound judgment 
• Interpersonal Skills - Possess excellent interpersonal skills 
• Compliance – Be compliant with rules and regulations 
• Communication - Possess excellent written and oral communication skills 
• Analytical – Good analytical skills

Qualification/Experience:

• Bachelor’s Degree in Management, Accounting, Finance, Economics or related discipline or completion of the Certificate Stage (Level II) of the ACCA 
• Two to Three years in a related financial management role

We thank all applicants for the interest expressed; however, only shortlisted candidates will be contacted.