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Director of Finance at Salima-Lilongwe Water Supply Company

  • Full Time
  • Lilongwe
  • Salary: 00

Salima-Lilongwe Water Supply Company

The Salima-Lilongwe Water Supply Company is a Special Purpose Vehicle (SPV) incorporated for implementation of the Salima-Lilongwe Water Supply Project. The Company’s mandate is to provide oversight and guidance in the implementation of the Salima-Lilongwe Water Supply Project, to manage operations and maintenance of the water supply system, and to develop and manage water resources for raw and potable bulk water supply to support the socio-economic development of Malawi.

In order to fulfil its mandate, SLWSC invites applications from suitably qualified and experienced individuals of Malawian origin to fill the position of DIRECTOR OF FINANCE (GRADE SV2).

1.0 PURPOSE OF THE JOB

To be responsible for the prudent management of the finances of the Company, advising the Chief Executive Officer on financial matters, and ensure sound management of the cash flow to facilitate effective implementation of the Salima-Lilongwe Water Supply Project and the Company’s operations.

2.0 KEY DUTIES AND RESPONSIBILITIES

2.1 Management and Governance

i. Provide leadership in the formulation of financial and accounting policies, systems and strategies.
ii. Providing monthly, quarterly and annual reports on financial performance of the Project for
management information and decision making.
iii. Stakeholder engagement with Government Ministries and Departments, and Development Partners.
iv. Review and maintain sound financial management systems, standard operating procedures, policies, regulations and procurement matters.

2.2 Financial Management

i. Coordinate the preparation and execution of annual audits in liaison with internal and external auditors.
ii. Establishing, reviewing and ensuring maintenance of sound financial management systems in line with relevant legislation, policies and procedures.
iii. Managing the Company’s inventory.
iv. Perform Treasury management including management of the Company’s endowment and Pension
Funds.
v. Ensure proper working capital management and prudent use of resources allocated to project
implementation
vi. Oversee the preparation of financial statements and production of management accounts.
vii. Consolidate annual budgets, monitor and control expenditure of the Company.

2.3 Resource Mobilisation

i. Developing strategies for finance mobilisation for both working capital and infrastructure financing
requirements.

2.4 Human Resource Management

i. Undertaking human resource functional requirements and recommending recruitment of required
personnel for the Finance Directorate.
ii. Undertaking staff capacity gap analysis and preparing appropriate capacity building programmes and training plans.
iii. Supervising, coaching and appraising staff under the Finance Directorate.

2.5 Risk Management

i. Development and implementation of an effective internal control system that safeguards implementation of the project and the company’s assets.
ii. Development of a risk profile for the project with corresponding mitigation measures.

3.0 RESPONSIBILITY

Reporting to the Chief Executive Officer, the Director of Finance will have direct responsibility for the following Officer(s) in the Organization:

i. Finance Manager

4.0 THE PERSON

4.1 Required Attributes and Skills

This position requires a hardworking and technically competent person with proven financial management experience at managerial level in a busy and demanding working environment and in large infrastructure projects.

4.2 Minimum Qualifications and Experience

i. Master’s Degree in Accounting, Finance, Business Administration, Strategic Management or equivalent
ii. Professional qualification in Accountancy (ACCA, CIMA).
iii. A first degree from an accredited institution of higher learning in Accountancy, Finance or any such
related discipline.
iv. A registered member of the Institute of Chartered Accountants in Malawi.
v. At least seven (7) years post qualification experience in a managerial position in a busy and demanding working environment.

Method Of Application

Interested candidates who meet the above requirements should submit their application letters, copies of certificates, a Curriculum Vitae and a copy of National Identification Card with details of three traceable referees not later than 5th April, 2024.

The Comptroller of Statutory Corporations
P.O Box 30061
Capital City
LILONGWE