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: Assistant Accountant (Financial Reporting)
Grade: LWB 6
Department: Finance
Reporting to: 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, ensuring accurate and timely financial reporting, compliance with regulatory requirements, and effective internal
controls.
Key Duties and Responsibilities
- Assisting in the preparation of financial statements, including income statements, balance sheets, and cash flow statements, following accounting standards and regulatory requirements.
- Compiling and analyzing financial data to support the preparation of periodic financial reports and presentations for management and external stakeholders.
- Ensuring accuracy, completeness, and consistency of financial information in reporting documents.
- Maintaining and reconciling general ledger accounts, ensuring the accuracy and integrity of financial data.
- Recording and reviewing journal entries, adjustments, and accruals to ensure proper accounting treatment and compliance with accounting principles.
- Assisting in the preparation of month-end and year-end closing procedures.
- Carrying out reconciliations of sales and bank receipts on a daily basis
- Preparing monthly sales-production analysis to identify losses due to theft, damage, or fraud.
- Supporting the Bottling Unit Accountant in conducting financial analysis, variance analysis, and performance metrics tracking to assess the financial health and performance of the bottled water production unit.
- Assisting in identifying trends, risks, and opportunities for cost optimization and revenue enhancement.
- Assisting in maintaining effective internal controls and procedures to ensure compliance with accounting standards, regulatory requirements, and internal policies.
- Participating in internal audits and reviews to assess the effectiveness of internal controls and identify areas for improvement.
- Collaborating with the Bottling Unit Accountant to address audit findings and implement corrective actions as needed.
- Supporting the implementation and maintenance of financial systems and software applications to streamline accounting processes and enhance efficiency.
- Identifying opportunities for process improvement and automation in financial reporting and accounting operations
- Assisting in documenting and updating accounting policies, procedures, and workflow processes
- Preparing tax returns for relevant taxes applicable to the bottling unit
- Managing the reconciliation of tax accounts for periodic reporting in financial statements
- 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 any other related field
- At least 2 years’ experience in an accounting or finance role, preferably in a manufacturing or production environment
- Strong understanding of accounting principles and financial reporting standards
- Proficiency in Microsoft Excel and accounting software
- Excellent analytical skills and attention to detail
- Strong communication and interpersonal skills
- Ability to work collaboratively in a team environment and manage multiple tasks 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.