Job Profile\u00a0and Application Details\u00a0\u00a0Position :\u00a0FINANCIAL\u00a0ACCOUNTANT\u00a0The\u00a0Roads Fund Administration (RFA)\u00a0is a statutory\u00a0body\u00a0established\u00a0to raise,\u00a0administer\u00a0and account for funds for\u00a0the\u00a0construction,\u00a0maintenance\u00a0and rehabilitation of public roads.\u00a0RFA seeks the services of\u00a0a\u00a0Financial\u00a0Accountant. The position\u00a0is\u00a0tenable\u00a0at the RFA head office\u00a0in Lilongwe.\u00a01. Job OverviewThe Financial Accountant will provide a full range of accounting, reporting and revenue management functions for the Roads Fund Administration.\u00a0Reporting 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.\u00a02. Duties and responsibilities2.1\u00a0Financial reporting\u00a0Prepares timely and accurate monthly management accounts (for the tolling business unit) and their supporting schedules.\u00a0\u00a0Conducts variance analyses of financial reports around actual results, budgets and forecasts, and provides commentary thereon.\u00a0\u00a0Reviews monthly bank reconciliations and various general ledger control accounts reconciliations.\u00a0Oversees accurate coding of revenues and expenditures to the appropriate budgets and codes and processes required journal entries.\u00a0Coordinate the preparation of weekly, monthly and ad hoc toll collections financial reports and variance analyses.\u00a02.2 Cash flow forecasts and budget monitoringAssists the Finance Manager in the preparation of annual budgets and the half year budget reviews processes.\u00a0Monitors actual financial performance on operational and maintenance budgets and prepares monthly and\/or quarterly revenue and expenditure budget forecasts.\u00a0Analyses trends and financial performance and prepares recommendations necessary for management to make informed decisions.\u00a0Assists the Finance Manager in preparing the periodic Tolling business unit investment portfolio status reports.\u00a0Prepares monthly cash flow forecasts.\u00a02.3 Financial systems and operationsAssists the Finance Manager in the development of financial policies and procedures and in the documentation and monitoring of internal controls.\u00a0Participates in the development and implementation of new or revised accounting programs, systems, procedures and methods of operation.\u00a0Conducts regular risk assessments; identifies, owns and manages risks in the job setting.\u00a0Promotes, designs and implements effective detailed risk management and internal control practices and procedures in the Tolling business unit.\u00a0Develop, implement and maintain revenue assurance controls and processes for the tolling revenue management function to ensure that tolling revenues are accurate, complete and secure.\u00a0Oversees toll revenue management functions by integrating tolling data into financial data; providing analyses and revenue forecasting.\u00a0Undertakes periodic tolling revenue assurance reviews, including collections reconciliations and collectors\u2019 incident records analyses.\u00a02.4 General financeMaintains fixed asset register and ledgers for the Tolling business unit and carries out periodic asset verification exercises.\u00a0Prepares and coordinates audit schedules and documents for both internal and external audits.\u00a0Ensures necessary recommended changes and improvements are made to be in compliance with audit findings.\u00a0Ensures effective use of relevant accounting software application systems.\u00a0Helps 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.\u00a0Undertakes any other duties as may be assigned from time to time by the Finance Manager and\/or Director of Finance.\u00a03. Qualifications3.1 Education and experienceAt a minimum, a Bachelor\u2019s degree in Accountancy from a recognized university.A qualified Chartered Accountant (ACCA\/CIMA or CA), with at least 7 years\u2019 progressive finance and\/or accounting experience.Membership with the Institute of Chartered Accountants in Malawi (ICAM).3.2 Knowledge, skills and abilitiesSolid knowledge and understanding of advanced accounting and financial reporting principles and practices.\u00a0Proven knowledge and experience in budgeting, forecasting, cost accounting and risk analysis.\u00a0Excellent analytical and numerical skills with the ability to analyse, evaluate and interpret complex data and reports.\u00a0Good organisational and analytical skills in solving problems and proposing solutions.\u00a0Good working knowledge of applicable financial software and Microsoft Office application packages.\u00a0Excellent time management skills with the ability to multi-task and work to deadlines under pressure.\u00a0Ability to act and operate independently with minimal daily direction from the Finance Manager.\u00a0Ability to establish and maintain effective working relationships with team members, clients and management.\u00a0Ability to communicate clearly and concisely, both orally and in writing.\u00a04. Working conditionsAt times, working beyond normal hours, including weekends,\u00a0in order to\u00a0meet reporting deadlines. Occasional travels outside\u00a0workstation\u00a0to the toll gates for fieldwork.\u00a05. Key Performance Indicators (KPIs)\u00a0Accuracy of budgets and forecasts.\u00a0Timeliness of financial reporting.\u00a0Percentage of projects completed within budget.\u00a0Compliance with financial regulations and standards\u00a0\u00a0Submission of ApplicationsApplication letters and curriculum vitae with at least three traceable referees must reach either address below by Friday, 25th July 2025 by 4 PMThe Chief Executive Officer
\nRoads Fund Administration
\nNgerengere Building, Ground Floor
\nOff Queens Drive
\nPrivate Bag 369
\nLilongwe 3Or Email:recruitment@rfamw.com<\/p>\n
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