TEVETA
The Technical, Entrepreneurial and Vocational Education and Training Authority (TEVET) Authority is a regulatory body that was established in 1999 by an Act of Parliament with the mandate to regulate, promote and facilitate TEVET in Malawi.
The TEVET Authority invites applications from suitably qualified and experienced individuals to fill exciting and challenging positions of Director of Training Programmes,
Director of Finance and Director of Administration and Human Resource, Grade (T2), on a three-year contract,, renewable based on satisfactory performance.
DIRECTOR OF FINANCE (RE-ADVERTISEMENT)
2.1 PURPOSE OF THE JOB
The Director of Finance takes charge of the finance directorate and provides strategic direction and control of the financial management function of the Authority.
2.2 KEY DUTIES AND RESPONSIBILITIES
a) Management and Governance
i) Prepares and presents to the Audit and Finance and Administration Committee (AFINAC) of the TEVET Authority Board quarterly financial performance reports that conform to
government financial regulations and international accounting standards.
ii) Facilitates the development and implementation of the Authority’s financial policies after approval by the Board of Directors.
iii) Advises management and the Board of Directors on all financial matters.
iv) Provides monthly, quarterly and annual operational reports on the performance of the finance directorate for management information and decision making.
v) Builds capacity in financial management for the Authority’s Regional Service Centres in the context of a business centre model.
vi) Facilitates knowledge management through participation in meetings of the TEVET Authority Board and its subcommittees as a basis for proper direction.
vii) Facilitates the development and implementation of business plans of the finance directorate.
viii) Engages stakeholders including government ministries, corporate clients and development partners.
ix) Demonstrates outstanding commitment to service delivery programmes of the Board by supporting and contributing to the Authority’s strategic plan as a member of the executive
management team.
b) Financial Management
i) Establishes, reviews and maintains sound financial management systems in line with relevant legislation, policies and procedures.
ii) Coordinates the preparation of annual performance management plans and budgets and monitoring and controlling expenditure patterns of the Authority
iii) Provides leadership for the formulation of financial accounting strategies in order to ensure that financial services contribute effectively and efficiently to the goals of the Authority
iv) Oversees the preparation of financial statements as well as production of management accounts and coordination of external audit function
v) Manages the Authority’s inventory system
vi) Manages the Authority’s receivables and payables portfolio and working capital requirements
vii) Implements the financial management function over development partner financed projects
viii) Performs the treasury management function of the Authority by recommending and implementing optimal investment options.
ix) Facilitates the development and implementation of finance-related ICT innovations and solutions for effective and efficient financial services delivery.
c) Resource Mobilisation
i) Develops and maintains a financial structure and system that enables the Authority to be self-financing.
ii) Prepares income generating policies and structures for approval of the Board of Directors.
iii) Develops and implements strategies for increasing the Authority’s revenue base from both existing and new sources.
iv) Develops strategies for financial mobilization for both working capital and infrastructure financing requirements.
v) Analyses and makes recommendation on the economic and financial viability of business and investment proposals of the Authority.
d) Human Resources Management
i) Undertakes human resource functional requirements and recommends recruitment of required human resource for the finance directorate.
ii) Undertakes staff capacity gap analysis and prepares appropriate capacity building and training interventions.
iii) Supervises, coaches and appraises staff under the Finance Directorate.
e) Risk Management
i) Develops and implements effective internal control systems that safeguard the Authority’s assets.
ii) Develops risk profile for finance directorate with corresponding mitigation measures.
2.3 RESPONSIBILITY
Reporting to the Executive Director, the Director of Finance will have direct responsibility for the following officers in the Authority:
- Head of Funding and Finance
- Senior Accountant responsible for revenue collection
2.4 THE PERSON
Required attributes and skills
The position requires a hardworking, honest and technically competent team player with proven financial management at senior managerial level in a busy and demanding work environment.
2.5 MINIMUM ACADEMIC QUALIFICATIONS AND EXPERIENCE
The suitable candidate should possess the following:
i) Full professional qualification such as ACCA, CIMA and ACA;
ii) Master’s degree in either of the following fields: – Accounting, Finance or Business Administration or any related field;
iii) Five (5) years relevant post qualification experience at senior management level.
iv) Must be a full registered member of ICAM.
5.0 METHOD OF APPLICATION
Interested persons should submit their applications, under confidential cover by enclosing copies of their certificates and detailed curriculum vitae (CV), with names and contact details of three traceable referees to:
The Comptroller of Statutory Corporations
P.O. Box 30061
LILONGWE 3
Physical address: Capitol Hill, GOCH 7 (New Building), Ground Floor
For the post of Director of Finance those who already applied are encouraged to apply.
Closing date for receiving applications is 28th November, 2022.
Only shortlisted candidates will be acknowledged.