Senior Financial Management Specialist

Vacancy Number:KVID20180818-57476
Title: Senior Financial Management Specialist
Category:Accounting & Finance
Duration:1 year with possibility of extension.
Exp.:2018-08-18-(2 Months Ago)
Jobs no:1
Salary:As per NTA Salary Scale
Gender:Male/Female

Location

Organization:Ministry of Finance |About Ministry of Finance
City:Kabul
Country:AF

Qualification

Education:Bachelor Degree
Work Experience:5 Year of Related Experince Years
Qualification:

Minimum Qualification:

A) Bachelor’s degree in Accounting Financial Management focus on Accounting and auditing or Economics ACCA Members and ACCA finalist or Professional level students are encouraged to apply.

b)    Work Experience: A minimum of seven (5) years of progressively responsible experience in account finance and audit management or relevant experience that demonstrates a professional accounting and financial   management   operations   and   financial   analysis   with   Public/Private organizations.

Duties & Responsibilities

SCOPE OF WORK



Financial Reporting



Prepare annual financial statements of the development projects in accordance with the requirements of Cash Basis IPSAS.

Prepare a roadmap to implement Cash Basis IPSAS to prepare GOA’s annual financial statements.

Prepare GOA’s annual Qatia Accounts as per the requirements of Treasury Manual and annual financial statements in accordance with Cash Basis IPSAS.

Prepare monthly financial reports of the government in accordance with the Treasury Manual. 

Respond to audit queries in relation to Qatia accounts and financial statements.

Prepare and support implementation of the capacity building plan for the Treasury staff to independently prepare the Qatia Accounts and Cash Basis IPSAS compliant financial statements.

Work with international advisors to prepare the mapping of existing Chart of Accounts to the GFS. Prepare periodic GFS reports based on mapping. 



Reconciliations and Accounts Closing



Coordinate the reconciliation process for development and ordinary budgetsand train the reconciliation and reporting units

Monitor the adjustment/acquittal of advances and petty cash and update the management about status of adjustment/acquittal.  

Support Tashkeel employees to conduct bank reconciliation of operating budget.

Support Tashkeel employees to conduct the reconciliation of deduction code.

Conduct end year closing adjustment and reconciliations of CoA.

Perform accounting adjusting entries during the fiscal year and year-end.

Monitor unclassified revenue and expenditure as well as suspense account to ensure that these are properly classified and adjusted in time.

Review the accounts management within Treasury to ensure compliance with the Treasury Accounting Manual. Escalate the issues of non-compliance to the senior management.



Advisory and Analytical Services



Monitor implementation of Treasury’s FPIP Plan and prepare periodic status reports for the senior management.

Prepare analytical reports and financial analysis of development and ordinary budgets for the senior management.

Research and prepare analytical papers for implementation of reforms such as mobile banking payroll management debt management cash management etc.

Work closely with AFMIS team for development and proper functionality of all modules and advise accordingly

As per advice of senior management review and update the rules regulations and policies for treasury department to improve process efficiency and internal controls.

Review the coding structure of budget and prepare a strategy to reconciled the codes used for budget and accounting.



OUTCOME



The expected outcome of the assignment are improved PEFA scores for the following dimensions which are scored C or D at present.



21.1 Consolidation of cash balance -C



Most of the bank and cash balances are consolidated on daily basis; however some of the funds/accounts are outside of the consolidation process. The existence of the dormant accounts with DAB reflects on the quality of the consolidation process.



22.1 Stock of expenditure arrears -D



Evidence exists of significant arrears. These are obligations not currently recorded in AFMIS. Surveys on arrears have not been routinely carried out with budgetary units to confirm existence or not of expenditure arrears.



22.2 Expenditure arrears monitoring -D



There are no procedures in place to monitor arrears in budget agencies. Data on the stock of arrears is not generated at least annually with a complete list by budget agencies indicating an age profile.



23.2 Management of payroll changes -D



The data for retroactive adjustments was not available to rate the indicator.



25.2 Effectiveness of expenditure commitment controls -C



Expenditure commitment control procedures exist for the development budget but not for the operational budget which provide partial coverage and are thus partially effective.



27.3 Advance accounts -D



Reconciliation of advance accounts takes place monthly; however SAO reported outstanding advances some of which are 8 years old.



28.1 Coverage and comparability of reports -D



Coverage and classification of data does not allow direct comparison to original budget.



28.2 Timing of in-year budget reports -C



Budget performance reports by the Budget Execution Directorate are prepared quarterly and issued within 8 weeks of the end of the quarter



28.3 Accuracy of in-year budget reports -C



There are concerns about data accuracy. Expenditure is captured at the payment stage.



29.1 Completeness of annual financial reports  -C



Financial reports are prepared annually and are comparable with the approved budget. The financial reports do not include information on tangible assets and on guarantees and other contingent liabilities



29.2 submission of reports for external audit -D



Financial reports are submitted for external audit within 6 months of the fiscal year-end however SAO reports that the financial report was incomplete. 



29.3 Accounting standards -D



The standards used to prepare annual financial statements (Qatia accounts) are not disclosed.



 


Submission Guideline

Interested Afghan nationals should submit their application to comprising an updated CV a one-page cover letter (i.e. cover page CV and supporting educational documents should be in one file and not submitted separately) explaining the candidates interest and suitability for the advertised position.
Please mention the name of the position and vacancy number you are applying for in your emails subject line.

To:[email protected]

Cc:[email protected]
Application received after the deadline will not be considered.
Only shortlisted candidates will be contacted for test/interview and for internal candidates we will prefer.
The vacancy announcement is open only Afghan national(s) applicants

Email:[email protected] [email protected]
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