19 Government Vacancies March 2022

To ensure the preparation of investment proposals, reports and the development of research analyses for the Investments Unit; to conduct continuous monitoring and evaluation of local and international debt and equity markets; and to mentor and supervise assigned Investment Analysts.

QUALIFICATIONS AND EXPERIENCE REQUIREMENT

• Master of Business Administration, or Master of Science in Finance, Accounting or Economics;

• CFA Charter holder or CIMA, ACCA, CPA would be considered an asset;

• Seven (7) years’ progressive experience in asset management, investment analysis or in the financial services industry;

• A minimum of two (2) years’ managerial experience;

• Any equivalent combination of qualifications and experience.

DUTIES WILL INCLUDE

• To assist Investment Managers in formulating investment strategies, policies, procedures and proposals;
• To prepare routine and ad hoc investment reports and bulletins as required or requested by the Board of Directors and or Executive Management;
• To develop, implement and supervise on-going internal methods to analyse Fundamental Equity and Credit Risk, to assist investment decision making;
• Supervise and ensure continual investment research of local, regional and international investments and economies;
• To maintain a current understanding and knowledge of market developments specific to each investment product and proactively communicate related
information to the Investment Managers;
• To oversee the Investment Analysts’ work including the preparation of investment proposals, reports, analyses and completion of all other document
requests and implementation of Board and Investment Committee decisions;
• To monitor & evaluate performance of subordinate staff through implementation of Performance Management System, including the conduct the annual
performance appraisals, development of training needs;
• To· manage, review and evaluate workflows, methods and procedures and develop ways to improve the efficiency within the department;
• To promote compliance with the NIBTT's Corporate Policies, Procedures & Instructions;
• To assess recommendations arising out of the conduct of audits and system
reviews, and implement approved action items where necessary;
• To implement, monitor & evaluate relevant risk mitigation strategies contained in the Business Unit’s Operational Plan identified by the Executive Management
Team;
• To assist Internal and External Auditors, and internal Compliance and Risk Managers with regard to access to, or provision of information, records and
responses required for preparation of financial statements as well as audit and risk reports;
• Represent the Investments Unit on Internal and External Committees as directed.

The role maintains and controls service costs by collecting, recording and analyzing financial data obtained through evaluation of direct costs (materials, labour and subcontract services) and allocating indirect costs using sound application methodology.

Job Opportunity

COST ACCOUNTANT 

Division: Finance Division 

Reports To:  Finance Manager 

Position Scope:

The Cost Accountant oversees the cost accounting, inventory management, budget development and budget administration functions.

The role maintains and controls service costs by collecting, recording and analyzing financial data obtained through evaluation of direct costs (materials, labour and subcontract services) and allocating indirect costs using sound application methodology.

This analysis assists in determining the costs of TTPost service offerings. Comparing actual cost to estimates and identifying reasons for variances and providing management with detailed reports for use in making business decisions and controlling expenditures.

Providing financial analysis to evaluate projects, programs and service costing when necessary. Project cost reports comparing actual costs to date versus estimated costs as well as forecasted costs. Leads in developing and verifying data relevant to cost accounting and margin analysis.

Key Duties And Responsibilities: 

• Measures and analyses the various costs of production and costs of distribution of company service offerings; supports the determination of service sales prices, supports the determination of capital budgeting requests; reports on margins by service and division;
• Monitors the cost of operations related to inventory, oversees the standard cost system and oversees financial inventory control

• Reports on periodic (monthly, annual) variances between actual costs and standard costs, identifies variance causes, analyses operating issues and formulates strategies for corrective action

• Assist with the coordination of the budgeting process, presents capital and operational budgets under the guidance of the Finance Manager and presents for approval by the General Manager, Finance.
• Responsible for the development and maintenance of a cost accounting system within the Corporation.
• Analyses overhead cost drivers and develop a methodology for allocating these costs to specific services. Monitor actual versus absorbed overheads on a monthly basis and together with the Finance Manager determines if the allocation methodology should be adjusted.
• Calculate and monitor standard costs for inventory valuation, project estimating and service costing purposes. Review valuation of stock as recommended by Philatelic and Stores as needed for inventory write off due to damage or obsolescence.
• Perform month-end accounting activities by ensuring all materials, labour and outside service costs are recorded, reconciling inventory and related balances to general ledger and analyzing variances and cost of goods sold. Coordinate these activities with the Finance Analyst in support of timely issuance of financial statements.
• Provides support to other functional areas of the Corporation as follows:
  • Inventory Control – investigates inventory adjustments resulting from periodic cycle counts and annual physical inventory
  • Operations – Collaborates with Operations to identify costs saving projects, analyses and forecasts the impact on the cost structure if implemented and assist the development of the business case cost-benefit analysis for capital investments.
  • Purchasing – Analyses purchase price variances & monitors material price trends to support price negotiations with vendors.
• Create & distributes detailed monthly cost reports to all units which include actual and estimated costs to-date for use in decision making.
• Reviews and analyze inventory and margin reports, conduct research and perform analytical studies in regards cost analyses and profitability.
• Prepare, analyze and report weekly, monthly, quarterly gross margin analysis by service and customer type
• Assist in month-end and year-end closing of inventory to determine the month-end and year-end inventory balance for roll forward after consideration of sales and purchases of inventory. Prepare journal entries as necessary.

• Prepare detailed account analysis for budget versus actual for sales, cost and inventory, accounts by service and by division to inform decision making including feasibility of commercial ventures, cost monitoring and development of cost control measures.

• Monitors and ensures adherence to health and safety rules, regulations and guidelines
• Performs other related duties that may be required by the job function 

• Education: 

• Professional Chartered Institute of Management Accountants (CIMA) certification or Association of Chartered Certified Accountant (ACCA) or equivalent qualification. Experience:

Three (3) to five (5) years’ experience in Cost Accounting at a senior level

Experience with Public Sector accounting will be an asset

Proficient with accounting software packages and Microsoft Office