Summary of Responsibilities:
The Accounts Manager plays a pivotal in ensuring the smooth operation of financial transactions and the maintenance of financial records. Key roles and responsibilities of an accounts manager in a Public Financial Management System (PFMS) may include overseeing and managing transactions, maintaining receipts on the non-tax receipt Portal, generating MIS reports through the PFMS network, Generating Expenditure and Budget dashboards for senior management.
Key Responsibilities:
• Oversee and manage the general accounting functions, including, but not limited to: accounts payable, accounts receivable, general ledger, and taxes.
• Maintaining Expenditure Advance Tracker (EAT) on all program-related activities.
• Progressing from the current system of booking fund releases as ‘expenditure’ to a system of booking fund releases as “Transfers”.
• Monitoring and providing insights on spending patterns, budget utilization, and other financial metrics.
• Involved in preparing and maintaining budgets, ensuring that funds are allocated appropriately, and tracking expenditures against the budget.
• Risk management monitoring for errors, and other risks that could impact the smooth financial transaction.
• Major role in System maintenance of the PFMS and Improvement and suggestions for increased efficiency.
• Manage day-to-day accounting operations and ensure that there is a redundant process backup in place for every critical operation.
• Create new internal accounting corporate policies and maintain existing policies
• Manages the accounting staff who are responsible for financial reporting, and budget preparation.
• Coordinates training programs for new staff and identifies training needs for current staff.
• Establishes internal controls and guidelines for accounting transactions and budget preparation.
• Oversees the production of periodic financial reports; ensures that the reported results comply with generally accepted accounting principles.