The main purpose of this position to assist management in timely compliance to all stakeholders reporting, the position’s main obligation is to meet all requirements when it comes to internal and external reporting to all VisionFund Malawi’s stakeholders. The individual will be responsible for measuring and monitoring all key specific performance metric and KPIs, and advice management timely on variance analysis against budget for timely decision making. The individual is to ensure full compliance with fiscal and financial regulations.

• Monthly preparation of accurate MED reports (Management accounts), and fully complaint to the VFM reporting deadline of the 5th of every month.
• Working hand in hand with the Reconciliation administrator in ensuring that the MED report has sufficient supporting Audit Reconciliations Schedules.
• Monthly preparation of Variance Analysis of all KPI’s, proper explanation of the progress of the budget to the management team, and signed minutes management review meeting properly uploaded in the VFI database.
• Preparation of quarterly trend analysis for management’s timely decisions
• Preparation of departmental monthly budget process for cost containment and efficiency.
• Preparation of monthly branch profitability and regular engagement and orientation of the branch profitability report to branch and head office staff.
• Preparation of accurate monthly preliminary reports and compliance of the deadline of the 2nd of every month.
• Reconciliation of the management accounts reported figures to the Bank BI reported figures to ensure accuracy in all reported figures.
• Preparation of the monthly liquidity reports (Bank Exposure reports) and the ALCO Reports to comply with the Central Bank requirements and properly signed ALCO minutes uploaded in the VFI Database.
• Assisting the CFO in the preparation of the Board Packs. (BAC Reports)
• Coordination of the preparation and filing of the VFI yearend deliverables timely by the 15th October every year.
• Monitor and perform studies to interpret financial actions and modify accounting processes and provide technical advice and recommend improvements for same.
• Assisting in the annual preparation of the financial statements and ensuring leadership in the coordination of the external audit.
• Develop and maintain supporting documents for all financial reports and evaluate it for various
  departments and committees.
• Ensure timely compliance to all statutory reporting requirements, file weekly, monthly and quarterly forms according to current requirements of the central bank and document new rules.
• Develop financial models, prepare forecasts and reporting tools to identify business opportunities, risk and ensure performance better.
• Coordinate with senior management and prepare forecasts and budgets to meet business goals with help of accounting staff and documents all research accounting issues.
• Prepare and interpret annual budgets and administer forecasts.
• Train branch staff the understanding and follow up of their budget lines
• Regular budget reviews with the departmental heads especially operations team.
• Strick monitoring of the actual performance with the budgets, and ensure VFM is within budget, all cost above 10% budget should be explained accordingly.
• Ensure all taxes are properly paid to MRA, continuous engagement with the MRA authorities to be updated on new tax regulations.
• Ensure all timely filing of all tax returns
• Preparation of the annual Corporate Tax Computation Report and ensure the tax return is filed by 31st March of every year.
• Coordinate Biennial Tax health review by separate tax consultant
• Review and implementation of internal controls
• Assist in training and orientating new finance staff.
• Assist in supervising of all finance staff at head office and branches
• Any other duties assigned from time to time

Knowledge, Skills and Abilities

• Certified Public Accountant (CPA) or Degree and similar qualification /ICAM member
• A minimum of 5 years in the field of finance management and accounting with at least 3 years at senior management level
• Overall understanding and deep insights into treasury management.
• Highly developed sense of reliability and correctness
• Good knowledge in economic and financial topics
• Very good analytical skills
• Good knowledge of the requirements of Bank of Malawi, and other regulatory agencies
• Be a good trainer, facilitator, mentor, and coach
• Proficient Microsoft office applications

Interested candidates should send their applications together with their detailed Curriculum Vitae, three traceable referees and copies of certificates to:

The People, Culture and Administration Manager
VisionFund Malawi
Private Bag A232
LILONGWE