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Baah-Adade
Director Finance
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FINANCE

Position title:     Financial Controller

Immediate superior:    Chief Director

Immediate subordinate:
  • Chief Accountant- Treasury/Monitoring
  • Principal Accountant- Account Analysis and Reporting

Associates:     Directors of MOFA and Regulatory Agencies

Objectives of the position

  • Ensure greater efficiency and effectiveness in the use of financial resources.
  • Provide adequate financial records in line with the FAA and FAR.
  • Provide adequate financial information for management decision making.
  • Enhance greater linkage between disbursement and plan implementation within MoFA.

Responsibilities

  • Advises Management and Cost Centre Managers on all financial matters.
  • Ensures the compliance of Financial Management policies and procedures in line with Government Financial Administration Act and Regulations and MoFA Accounting Manual.
  • Assists in the preparation and monitoring of Cost Centre budget and actual disbursement
  • Ensures that all revenues due are completely and accurately recorded and accounted for.
  • Ensures that expenditures are authorized with appropriate documentations before processing.
  • Design and implement an effective accounting system in line with the government accounting system.
  • Preparation of monthly, quarterly and annual financial reports for all stakeholders.
  • Ensure adequate supervision and capacity building of all accounting staff.
  • Develop financial policies and procedures for planning and controlling the financial transactions of the Ministry which are consistent with prevailing financial and accounting policies, objectives, rules and regulations;
  • Initiate the timely preparation and consolidation of budgets for the activities of the Ministry within the fiscal decentralization framework;
  • Establish, collate and maintain adequate records to aid the preparation and presentation of the Ministry’s annual financial report.
  • Create and operate effective systems aimed at ensuring that monies received are supported by appropriate and duly authorized documents;
  • Consolidate and incorporate the Ministry’s need for equipment and material into purchasing plan and ensure prompt release of funds to meet all approved purchases

Other duties

Undertake any other duties that may be assigned.

Authority

Exercise authority derived from and consistent with his responsibilities as well as authority delegated by the Minister and/or the Chief Director.

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