WebsiteInstitute of Jamaica
The Institute of Jamaica invites applications from suitably qualified individuals to be assigned to the post of:
Financial Controller (FMG/PA 2)(Not Vacant)
Job Purpose
The incumbent is responsible for tracing all costs related to all goods or services provided to the Institute of Jamaica and to provide a verifiable means/basis for the cost method, such that fees to be charged for goods or service delivery will accurately reflect the cost of goods/services. The incumbent is accountable for the ongoing analysis of projects, margin analysis, and tracing effective data accumulation systems needed to provide an appropriate level of costing information to management.
Key Responsibilities
Managerial/Administrative
Ensures that the work of the Unit is properly documented to facilitate the development of operational manuals, outlining applicable policies and procedures for operational activities, with the view to amalgamating them into a single Operations Handbook for the IOJ;
Develops tool and systems to provide critical Cost Financial and Operational Information to the management and makes actionable recommendations on both strategy and operations;
Assists with establishing yearly objectives;
Oversees long-term budgetary planning and costs management in alignment with the Agency’s Strategic Plan;
Supervises the Department in the absence of the Director Finance and Accounts.
Technical/Professional
Monitors IOJ’s costs of operation and liaises with the Senior Management Team in the development and execution of Cost Management Strategies;
Prepares reports and other outputs to support profit performance policy;
Establishes formulas for allocating overheads and miscellaneous costs;
Assesses the profitability of the Agency services, Departments and organization as a whole;
Advises on Grant Accounts performance;
Implements Cost Accounting procedures and methods for projects and grants;
Conducts Cost Audits and prepares reports; which will include the examination of unusual cost records;
Compiles Cost Information for use in the Budget;
Provides management with reports specifying and comparing factors affecting prices and profitability of products or services;
Assesses organizational performance against both the Annual Budget and the long term strategy;
Engages management and the various cost and Investment Committees around issues, trends, and changes in the operating model(s) and operational delivery;
Provides monthly rolling forecasts for each fee structure;
Provides timely and accurate cost data to facilitate the monthly calculations of revenue and cost of services for monthly fee billing.
Human Resource
Provides leadership to staff through effective objective setting, delegation and communication;
Supervises the performance and development of direct reports through preparation of Performance Appraisals and recommendations of training and development programme;
Checks employee’s compliance with the policies and procedures;
Performs any other related duties as may be assigned.
Required Knowledge, Skills and Competencies
Core
Excellent oral and written communication
Teamwork and cooperation
Customer and quality focus
Technical
Expert knowledge of cost accounting principles and practices
Ability to analyze complex data
Comprehensive knowledge of general management principles and practices
Comprehensive knowledge of budgeting and planning
Expert knowledge of the Financial Administrative and Audit Act
Working knowledge of the relevant computer systems and applications
Knowledge and experience in Government Accounting
Exceptional interpersonal skills
Demonstrated initiative and the ability to work effectively within time constraints
High integrity and confidentially
Excellent staff management and performance management skills
Excellent supervisory skills and techniques
Excellent quantitative and qualitative analytical and problem-solving skills
Strong time management, organizational and co-ordination skills
Minimum Required Qualification and Experience
Bachelor’s Degree in Accounting/Management Studies with Accounting or BBA from a recognized University; or
ACCA Level 2; or
Associate of Science Degree in Accounting, MIND, along with the Diploma in Government Accounting, MIND.
Connect with
Continue with Email .
By signing up you indicate that you agree to our TermsandPrivacy Policy
