Job Description
Position: Consultant
Role: Power Utilities (Finance Expert)
The Finance Expert will be responsible for overseeing financial management, accounting, budgeting, disbursement processes, and compliance for funded programs/projects. The role ensures adherence to financial guidelines, robust internal controls, and effective financial reporting in alignment with program and organizational requirements.
- Ensure compliance with applicable financial management frameworks, guidelines, and reporting requirements.
- Monitor adherence to financial covenants and program-specific financial conditions.
- Establish and monitor program budgeting processes, ensuring clear identification of program expenditures within organizational/government budgets.
- Facilitate the use of dedicated budget codes and ensure transparent tracking of program funds.
- Manage designated accounts for program funds and oversee disbursement processes linked to achievement of defined milestones or performance indicators.
- Prepare and submit fund withdrawal applications in a timely manner in line with applicable procedures and guidelines.
- Ensure accurate accounting and financial reporting systems are in place for program tracking.
- Map program expenditure categories to appropriate heads in the chart of accounts.
- Prepare periodic financial reports including quarterly updates and annual financial statements.
- Establish and oversee effective internal control mechanisms and internal audit functions.
- Coordinate with external auditors and ensure compliance with agreed terms of reference.
- Ensure timely implementation of audit recommendations and corrective actions.
- Track financial management action plans and ensure timely implementation of agreed measures.
- Support financial reviews and ensure readiness for audits, inspections, and evaluations.
- Provide training to accounting, finance, and relevant staff on financial procedures, disbursement processes, and compliance requirements.
- Develop and update financial management manuals and standard operating procedures as required.
- Ensure robust asset management systems, including operations and maintenance tracking.
Education:
Chartered Accountant
Essesntial Skills:
Good client management skills
Good communication skills