Background:
RECO & RWASCO is a public institution charged with the production, transportation and distribution of Electricity and Water.
It has financial and administrative autonomy with industrial and commercial characteristics. As a major player in.the economic development of Rwanda, RECO & RWASCO is placed under the tutelage of the ministry of Infrastructure in an effort to secure its continued transformation into a profitable, modern, efficient and effective customer-oriented company.
The vision of RECO & RWASCO is to "to be the most efficient and customer centric utility company in the region" and it has the mission "to provide sufficient and quality water and electricity to customer at affordable and sustainable rates that support the socio-economic development programs of the country"
To support this vision, RECO and RWASCO need to operate with a robust human capacity. It needs to operate within an effective financial management and control framework.
It is in that context that the Management and Board of RECO & RWASCO wishes to empower the Finance function by recruiting skilled staff to fill the following positions:
Position: Chief Finance Officer
Key Tasks:
RECO & RWASCO is a public institution charged with the production, transportation and distribution of Electricity and Water.
It has financial and administrative autonomy with industrial and commercial characteristics. As a major player in.the economic development of Rwanda, RECO & RWASCO is placed under the tutelage of the ministry of Infrastructure in an effort to secure its continued transformation into a profitable, modern, efficient and effective customer-oriented company.
The vision of RECO & RWASCO is to "to be the most efficient and customer centric utility company in the region" and it has the mission "to provide sufficient and quality water and electricity to customer at affordable and sustainable rates that support the socio-economic development programs of the country"
To support this vision, RECO and RWASCO need to operate with a robust human capacity. It needs to operate within an effective financial management and control framework.
It is in that context that the Management and Board of RECO & RWASCO wishes to empower the Finance function by recruiting skilled staff to fill the following positions:
Position: Chief Finance Officer
Key Tasks:
- Ensures timely preparations of all financial reports (statutory, ad hoc and management accounts, including exception reports) to management, the Board and stakeholders;
- Establish, maintain and oversee the process of long-range business planning including a "business plan" with appropriate financial projections and manage the annual budget process;
- Manage the internal financial interface with stakeholder departments to ensure timely receipt of appropriate and accurate inputs and provision of feedback - foster an effective team collaboration;
- Ensure the establishment of appropriate long-range financial planning, investments and the raising of appropriate capital to grow the business;
- Ensure accuracy of all General Ledger accounts; sign-off and report on all reconciliations;
- Maintain appropriate functional knowledge to guide and support operations - including industry best practices and international standards;
- Ensure effective treasury management including appropriate cash management, timely bank reconciliations, effective revenue collections and management of suppliers (effective management of all receivables and payables);
- Provide appropriate policy guidance on all matters financial, the related risk management and business growth;
- Review and maintain an effective Internal Control Framework, implementation of recommendations in the audit management letter and other measures to improve the control environment;
- Manage and maintain the asset register for RECO & RWASCO, and an effective stock inventory;
Qualifications:
- A qualified and experienced accountant with appropriate IFAC designation (ACCA, CIMA, CA, CPA, Experts-Comptables, etc...);
- Masters degree in Finance, Accounting or an MBA with a strong financial management bias plus the requisite experience will be considered;
- At least five-years of senior financial management experience, including industry or related experience;
- Thorough knowledge of computer applications software and knowledge of a financial accounting packages including leadership of MIS implementation is desirable.
- Should ideally be bilingual with a strong command in either of the languages (English or French).
Position: Finance Controller
Key Tasks:
The Financial Controller (FC) will assist the DF with day to day running of the department.
His / her roles will mainly include staff supervision, reviewing and/ or approval of transactions for processing, reporting and analysis, filing and submission of statutory returns and systems administration.
The Accountant will specifically be responsible for the following:
Key Tasks:
The Financial Controller (FC) will assist the DF with day to day running of the department.
His / her roles will mainly include staff supervision, reviewing and/ or approval of transactions for processing, reporting and analysis, filing and submission of statutory returns and systems administration.
The Accountant will specifically be responsible for the following:
- scheduling and monitoring of the departmental work plan;
- deputising the DF when absent;
- report and analyse overall financial performance related information and follow up with different sections on billings and collections;
- supervise the consolidation and review of management reports;
- Coordinate the process of consolidating financial information received from sub stations and antennaes;
- systems administration including but not limited to backups, access rights, period end routines;
- preparation of financial reports including but not limited to statutory accounts, monthly balance sheet, tax and treasury reports, bank returns;
- preparation and filing of all statutory returns including but not limited to Value Added Tax (VAT), payroll taxes, statutory pension payments and other deductions and withholding tax among others;
- reconciliation and valuation of all balance sheet accounts, some of which may be delegated to other members of the Finance team; and
- Coordination of the functions of: Management and Receivables, Cost, projects and stocks accounting and Payables Accounting ensure all financial reporting requirements are met;
Qualifications:
- A holder of AO in Accounting and Finance from a recognized institution of higher learning;
- IFAC qualified professional with ACCA, CIMA, CA, CPA or any other equally recognized qualification;
- Having at least five (5) years working experience in a busy accounting environment preferably in a similar position in the Public sector or International organization;
- Knowledge of project accounting and working experience of IFRS will be an advantage but not a prerequisite;
- Working knowledge of English and the French languages;
- Excellent Computer skills in accounting software and preferably oracle financials;
- Willing to sacrifice personal commitments for the achievement of corporate objectives;
- Excellent Computer skills in accounting software and preferably oracle financials;
- Working knowledge of Microsoft Office applications, like MS Word, MS Excel, MS Power Point.
Position: Senior Accountant
Key Tasks:
The Senior Accountant will work under the direct supervision of the FC with the main tasks and duties defined as consolidation and review the organization's Accounting information to:
Key Tasks:
The Senior Accountant will work under the direct supervision of the FC with the main tasks and duties defined as consolidation and review the organization's Accounting information to:
- ensure all management accounting reporting requirements are met;
- improve the Accounting process to ensure easy recording of inputs and generation of outputs through MIS;
- carry out a detailed review of organization's balance sheet items and preparing supporting documents for various balance sheet items;
- assist in the preparation of reports for management and BoD;
- consolidate and review company-wide budgets; and
- motivate and develop the accountants
- Monitoring accuracy of accounts postings position and reporting daily to the FC
- Preparing monthly management accounts reports analysed by cost centre. Posting and updating general ledger accounts monthly. Reconciliations to be sent to the FC for review
- Ensuring the entries for client accounts are accurately posted
- Liaison with Commercial Department to ensure agreement of figures between DF and DC on a monthly basis. The reconciliation to be reviewed by the FC not later than 15th of the following month.
- Following up with the payables section the tax deductions and ensuring they are adjusted in the accounts
- Any other duties as may be allocated by the FC.
Qualifications:
- IFAC qualified professional with ACCA, CIMA, CA, CPA or any other equally recognized qualification
- Working knowledge of English and the French languages;
- Excellent Computer skills in accounting software and preferably oracle financials;
- A minimum of 3-5 years of experience in accountancy with a large company or professional accountancy firm in a similar position
- Excellent Computer skills in accounting software and preferably oracle financials;
- Working knowledge of Microsoft Office applications, like MS Word, MS Excel, MS Power Point.
Remuneration: The Successful candidate will be competitively remunerated.
Procedure:
Interested candidates should send their CVs, notified copies of their degrees, an application letter and recommendation letter from two referees including their contact address to the address below no letter than 15th January 2010:
RECO & RWASCO
Rue du Lac IHEMA
P.O.Box: 537 Kigali
The applications may also be sent by e-mail to the following address: elgz@rwanda1.com
Yves Muyange
Ag.Managing Director
RECO & RWASCO
