Position: Chief Accountant (Budget & Expenditure) for RESSP
Position Type: Full Time
Deadline: 05-07-2017
Required Degree: Bachelor
Required Years of Experience: 3

About REG-EUCL

The Energy Sector in Rwanda is undergoing a process of reform and a comprehensive program of renewal and expansion of electricity infrastructure is underway to ensure growth of the network to meet current and future supply requirements with a high level of reliability. The Energy Utility Corporation Limited (EUCL) is a Subsidiary of the Rwanda Energy Group (REG) one of the Successor entities from the former EWSA. EUCL took over EWSA utility operations including the associated generation plants, transmission and distribution network and all adjoining facilities thereto.

Description, duties, responsibilities

To take charge of the Budget and Expenditure operations and reporting thereof ensuring that the expenditures are processed and reported on to fulfill the Programme/Project Objectives whilst complying with the set guidelines.

Key Roles & Requirements

Budgeting

  • Working in liaison the Technical Unit to ensure that project budgets are prepared and approved in line with the Project plans
  • Ensure that the Budget is well aligned with the approved procurement plan which draws from the project plan
  • Provide regular guidance to the operations and technical team on budget performances for their relevant programme activities
  • Prepare monthly and quarterly reports on budget performance highlighting any adverse variances and proposals for recovery for the review of the Director Finance. 

Cash Management.

  • Review all payables’ documents for completeness, validity and accuracy before preparing payments for suppliers and services providers
  • Effective Liaison with the banks to ensure that bank accounts have sufficient liquidity to meet the programme commitments as and when they fall due
  • Prepare periodic liquidity forecast to ensure that the programme has adequate cash resources to meet all the projects obligations smoothly
  • Ensure that all transactions are processed in accordance to the Company’s approved procedures and Development Partners’ Guidelines and procedures
  • Prepare withdraw and replenishment requirements in consultation with the director finance
  • Ensure that relevant, accurate and complete financial records are being kept to render effective accountability for all processed transactions
  • Ensure that the accounting system is posted accurately with all transactions being made in the projects
  • Ensure that all computations and payments regarding statutory compliance like PAYE, WHT, VAT, RSSB etc. are being made accurately and promptly to avoid penalties and related fines
  • Maintain accurately the Petty Cash float and ensure that expenditures are made for allowed purposes as stipulated in the Financial manual
  • Prepare monthly bank reconciliation statements and bring any material variances to the attention of the Director Finance for follow up and action

Financial Reporting

  • Prepare monthly and quarterly budget and expenditure reports for the Finance Director’s approval
  • Contribute to the preparation of the Annual Work Plan and Budget for the programme providing all the subsidiary reports, and supporting information as may be required
  • Contribute to the preparation of the Annual financial Report for audit purpose and other external reporting requirements like to MINECOFIN and Development partners
  • Ensure that the financial reports meet the applicable Reporting Standards
  • Support effectively the external and internal audit mission by providing requested information 

Others Responsibilities

?Perform other Duties as may be assigned by the Director Finance and Coordinator from time to time in the furtherance of the Programme/Project development objectives

Requirements and Skills

    • Bachelor’s Degree (A0) in commerce, Accounting, Business Administration

    • Part qualification in ACCA, CPA etc will be an added advantage


    • At least 3 years’ experience in a Finance related role


    • Accounting Experience in Projects and or Donor Funded Programme


    • Knowledge of generally accepted accounting and internal control principles


    • Knowledge of the energy sector


    • Highly Numerate with Strong analytical skills


    • A good communicator


    • Ability to work in a team environment



  • Deadline has passed