Lilongwe Water Board
The Lilongwe Water Board (Board) is a Statutory Corporation established in 1947 and reconstituted in 1995 under the Water Works Act (cap 72). It is responsible for the provision of water supply services to the City of Lilongwe and other surrounding areas designated as its supply area. In its quest for innovations and reforms in the water supply within Lilongwe City, in line with its strategic vision for growth and service delivery mandate, the Board has conceptualized the production of bottled water as one of the Government approved reform areas for Water Boards in Malawi. It is from this background that the Board invites applications from suitable, qualified, and experienced persons to fill the following vacant positions that exist at the Bottling Plant Unit within the Lilongwe Water Board Establishment:
Job Title: Accountant
Grade: LWB 5
Department: Finance
Reporting to: Water Bottling Manager
Responsible for: Assistant Accountant
Purpose of the Job
The Assistant Accountant (Financial Reporting) will be responsible for overseeing the financial management and accounting functions of the bottled water production unit.
Key Duties and Responsibilities
- Preparing and analyzing financial statements, including income statements, balance sheets, and cash flow statements, to provide timely and accurate financial information to management.
- Conducting variance analysis and identifying trends, risks, and opportunities for cost optimization and revenue enhancement.
- Assisting in the preparation of periodic financial reports and presentations for senior management and external stakeholders.
- Collaborating with the Bottling Unit Manager and other stakeholders to develop annual budgets, forecasts, and financial plans for the bottled water production unit.
- Monitoring budget performance, tracking actual expenses against budgeted targets, and providing insights and recommendations to support decision-making.
- Overseeing cost accounting processes, including the calculation of product costs, inventory valuation, and cost allocation.
- Conducting regular inventory reconciliations and ensuring accurate recording and reporting of inventory transactions.
- Analyzing cost drivers and variances to identify areas for cost reduction and process improvement.
- Implementing and maintaining effective internal controls and procedures to ensure compliance with accounting standards, regulatory requirements, and internal policies.
- Conducting periodic audits and reviews to assess the effectiveness of internal controls and identify areas for improvement.
- Coordinating with internal and external auditors during financial audits and assisting in the resolution of audit findings and recommendations.
- Documenting and updating accounting policies, procedures, and workflow processes.
- Providing leadership, guidance, and mentorship to the accounting team members, fostering a culture of accountability, teamwork, and continuous learning.
- Delegating tasks and responsibilities effectively, ensuring that each team member understands their role and contributes to the unit’s success.
- Conducting performance evaluations, setting performance goals, and providing ongoing feedback and support to facilitate professional development.
- Overseeing the overall management of relevant taxes for the bottling unit (VAT, WHT, etc.)
- Ensuring all tax-related matters are handled promptly in liaison with the Director of Finance
- Demonstrating outstanding commitment to service delivery programs of the Board by personally identifying and reporting water bursts/leakages to customer care division of which verifiable repair records shall be tendered to be used as one of the components for assessment
during one’s performance appraisal time.
Minimum Academic and Professional Qualifications and Experience
- Bachelor’s Degree in Accounting, Finance, or a related field Plus ACCA/CIMA or relevant professional certification
- At least 3 years’ experience in accounting roles, with a focus on financial reporting, cost accounting, and inventory management
- Strong understanding of accounting principles, financial analysis techniques, and internal control frameworks
- Proficiency in accounting software and Microsoft Excel
- Excellent communication, interpersonal, and leadership skills
- Ability to work collaboratively in a fast-paced environment and manage multiple priorities and deadlines effectively.
Method Of Application
LWB is an equal opportunity employer. Therefore, both male and female persons who meet the prerequisite qualifications and experience are encouraged to apply.
Interested persons should submit their application with up-to-date detailed curriculum vitae, to reach the undersigned not later than the 30th April, 2024.
The Chief Executive Officer,
Lilongwe Water Board
P. O BOX 96
Lilongwe.
All late applications shall not be considered and only shortlisted candidates will be acknowledged.