Project Accountant at National Road Fund Agency

Project Accountant at National Road Fund Agency

  • Company: National Road Fund Agency
  • Location: Zambia
  • State: Zambia
  • Job type: Full-Time
  • Job category: Accounting Jobs in Zambia

The World Bank

NATIONAL ROAD FUND AGENCY

Republic of Zambia

IMPROVED RURAL CONNECTIVITY PROJECT

EMPLOYMENT OPPORTUNITY

PROJECT ACCOUNTANT

Background

The Government of the Republic of Zambia is implementing the Improved Rural Connectivity Project (IRCP) with financing from World Bank’s IDA. The National Road Fund Agency (NRFA)is the Project Implementing Entity and is expected to manage the credit on behalf of the recipient, including financial management such as preparation of payments, financial audit, financial reports, as well as progress reports.

IRCP is a big project being implemented by seven Government Institutions with a huge dispensable amount which will involve a lot of financial transactions over the project lifetime.

Therefore, it has become necessary for NRFA to seek services for a full-time accounting staff who will be dedicated to carrying out financial transactions exclusively for IRCP in order to ensure that payments are done timely and financial reports are prepared and submitted as and when demanded or are due for submission.

  1. a) Reporting Lines

The Accountant will be reporting to the Manager-Road Fund (External Resources) – NRFA, who will in turn report to the Director Fund Management of NRFA. The Accountant shall be based at NRFA Headquarters but will work closely with both NRFA and the IRCP Secretariat in the execution of the expected tasks.

  1. b) Required Qualifications and Attributes
  1. Full Grade Twelve (12) School Certificate
  2. Must possess at least a bachelor’s degree in Accounting or Full ACCA, CIMA, CA Zambia or equivalent
  3. At least three years of practical experience in managing cooperating partners project finance such as the World Bank, AfDB etc.
  4. A sober character with high levels of integrity and honesty
  5. Must be a member of ZICA
  6. Good oral and written communication skills.
  1. c) Contract Period

The duration of the contract is three (3) years subject to renewal.

  1. d) Duties

The following are the activities that the Accountant is expected to perform during the tenure of the contract.

  1. Payment Processing

Preparation and compilation of payment runs and submit to Manager-Road Fund (External Resources) for review and onward submission for necessary approvals. This will be done as follows:

  1. a) Capture transactions (receipts, payments, journals) in Sun System;
  2. b) Match and allocate payments;
  3. c) Process entries;
  4. d) Submit for signing mandates;
  5. e) Submit/or follow-up with banks;
  6. f) Provide remittance advisory;
  7. g) Obtain receipts;
  8. h) Filing of Project documents;
  9. i) Prepare withdrawal applications for direct payments, documentation, and replenishment of the Designated Account.
  10. Finance Services

Imprest handling, retirements and Bank deposits

  1. a) Support the servicing of project meetings and events as assigned by Manager-Road Fund (External Resources),
  2. b) Timely follow-up on retirements of an imprest;
  3. c) Perform banking errands and all bank deposits;
  4. d) Obtain and capture receipts, payments, and journals into Sun System;
  5. e) Provision of documents and records to internal and external auditors and other;
  6. f) Assist with month-end closing.
  7. Other Tasks
  8. a) Prepare monthly Payment Status Reports including payment timelines;
  9. b) Prepare the Project Quarterly Financial Report;
  10. c) Prepare quarterly control 99 monitoring tool,
  11. d) Prepare the Project Financial Cost Tables and update monthly;
  12. e) Prepare for the Financial Audit of the Project;
  13. f) Perform Account Bank Reconciliations;
  14. g) Assist in preparing Annual Budgets;
  15. h) Follow-up on The implementation or procurement plan and highlight to Manager-Road Fund (External Resources) areas where there are delays;
  16. i) Assisting, supporting and liaising with members of the Project Implementing Unit (PIU); and
  17. j) Assisting with the administration of high-performance programmes (logistics, activity workplans and budgets development and other general office administration).

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