Workatele

Deputy Director (Finance & Accounts) at Nairobi Metropolitan Area Transport Authority, Nairobi, Kenya

Nairobi Metropolitan Area Transport Authority

Deputy Director (Finance & Accounts) at Nairobi Metropolitan Area Transport Authority, Nairobi, Kenya

Nairobi Metropolitan Area Transport Authority

Full time Job

Date Posted: August 23, 2023

Application deadline:

Expired on: September 12, 2023 12:00am

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Job description

  • he Deputy Director (Finance & Accounts) will report to the Director (Corporate Services). He / She will be responsible for ensuring prudent and optimum utilization of
  • Authority funds and preparing financial reports and managing the financial resources of the Authority through preparation and submission of budget proposal to the government and other financing agencies.
  • JOB VACANCY No.: NaMATA/HR/06/2023

Duties and Responsibilities

Specifically, duties and responsibilities will entail: 

  • Managing all issues pertaining to the Finance and Accounts functions of the Authority;
  • Coordinating the development and implementation of sound financial management policies and procedures for the Authority;
  • Coordinating the preparation of annual budget and forecasting of annual cash flow requirements;
  • Enforcing budget cost controls among the Authority’s directorates, departments and divisions by reviewing expenditure returns, prepare variance analysis and recommending corrective action;
  • Advising the Board and management on financial and accounting matters;
  • Ensuring the application of Government accounting policies in all the financial operations of the Authority;
  • Planning and coordinating timely preparation of Annual Work Plans and Budget Estimates;
  • Coordinating the development and management of internal controls and compliance systems;
  • Ensuring the Authority maintains records of all its financial transactions;
  • Coordinating preparation of the Annual Financial Report in accordance with accounting standards and procedures;
  • Coordinating the preparation of the final Annual Statement of Accounts in accordance with accounting standards, procedures and submission to the Board and other relevant institutions;
  • Undertaking review of management accounting reports before submission to senior management and the Board;
  • Developing and maintaining complete and accurate records of the Authority’s financial transactions by regularly reviewing the financial and accounting systems;
  • Monitoring and evaluating the utilization of Authority funds with a view to accounting for all expenditures;
  • Ensuring compliance with applicable financial statutory obligations and circulars;
  • Accounting for revenues generated from Appropriations-In-Aid (AIA) by the Authority;
  • Coordinating the consolidation of the Authority’s printed budget estimates and revised budget as per guidelines issued by National Treasury;
  • Developing and managing internal controls and compliance for the utilization of the Authority’s financial resources;
  • Coordinating the Authority’s Public Private Partnership (PPP) program strategies;
  • Forecasting Annual Cash Flow requirements of Authority;
  • Participating in stakeholder’s management to ensure sustainable partnership;
  • Assessing Authority’s financial risks and develops strategies for mitigation;
  • Ensuring timely disbursement and payments for goods and services as per contract terms;
  • Scheduling all payment within the Authority’s budgetary provisions;
  • Reviewing expenditure returns from departments, prepares variance analysis and recommends corrective action;
  • Analysing and interpret financial reports and other accounting records;
  • Maintaining accurate and complete financial records of the Authority’s expenditures by regularly reviewing the financial and accounting systems;
  • Approving training projections for the department’s staff;
  • Developing and installing effective financial management systems and procedures;
  • Maintaining efficient financial reporting and accounting;
  • Implementing accounting policies and procedures;
  • Preparing variance financial accounts analysis and recommends corrective action; and
  • Mentoring, coaching and counselling staff working in the department.

Requirements for Appointment

For appointment to this grade, an officer must have: 

  • A minimum period of ten (10) years in relevant work experience and at least three (3) years in a supervisory role in a position in the Public Service or Private Sector;
  • Master’s Degree in any of the following: Accounting, Business Administration, Finance or their equivalent qualification from a recognized Institution;
  • Bachelor’s Degree in Commerce, Business Administration, Business Management (Finance or Accounting option) or other relevant and equivalent qualifications from a recognized institution.
  • Certified Public Accountant (CPA)(K) or Associate of Certified Chartered Accountant (ACCA); and
  • Membership and in good standing of the Institute of Certified Public Accountants of Kenya (ICPAK) or any other recognized professional body.
  • Leadership Course lasting not less than four (4) weeks from a recognized institution;
  • Registered with an accredited and recognized professional body;
  • Proficiency in computer skills; and
  • Fulfil the requirements of Chapter Six (6) of the Constitution of Kenya.

  • Method of Application
    Submit your CV, copies of all Certificates/Testimonials, and copy of National ID / Passport and Application Letter for the position of interest clearly indicating the Job  No. to email  
    Use the title of the position as the subject of the email

Application deadline:

Expired on: September 12, 2023

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