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.