Salary – $5,597,715 a

Job Purpose

  • The Assistant Accountant General – Cash Management, will ensure that the financial resources standing to the credit of the Government from time to time are adequate to meet the needs of the Government as per the FAA Act Section 15, by ensuring that an effective system is in place for public cash management.

Primary Duties:

  • Oversees the preparation of a cash plan of expenditures, and payment profile of expenditures;
  • Prepares cash plan table at the beginning of each year on monthly basis based  on  revenue  estimates;
  • Receives cash plans prepared and sent by each MDA and Principal Revenue Receiver (PRR), and the stocks of obligations ready for payments;
  • Prepares, manages and reports on cash plans and cash flow tables;
  • Incorporates public debt maturities and treasury payments into cash plan table;
  • Monitors Government bank accounts and work on consolidating the balance in the cash plan;
  • Prepares daily, monthly, quarterly and annual financial statistical tables related to Public Financial Management (PFM);
  • Prepares monthly revenue forecasts at the beginning of each year based on the approved budget;
  • Presents cash plans to the MOFPS with the stated timelines;
  • Performs adjustments of  the  cash  plan  table  in  terms  of  revenues, expenditures and estimates related to public debt maturities;
  • Issues monthly   comparative   tables   between   the   actual   and   the projected figures in order to minimize gaps and improve the mechanism adopted, in terms of expenditures and/or revenues projections;
  • Proactively manages cash flows in a leveraged environment;
  • Designs, implements and monitors mechanism for budget execution which materializes in revenue forecasts, and payment schedules;
  • Issues adjustments of the monthly forecasts based on available information collected from different MDAs;
  • Issues monthly   comparative   tables   between   forecasts   and realized revenues;
  • Coordinates internally and externally with  public  administrations concerned   in   collecting   revenues   and   transferring   and/or depositing  them  into  treasury  accounts  at  the  Central  Bank  of Jamaica;
  • Devises tracking system to monitor all disbursements into the Consolidated Fund;
  • Improves continually the budget execution process through education of MDAs on financial issues impacting the  budget;
  • Monitors bank service fees (Commercial and Central).
  • Assists with the preparation of the Department’s annual Strategic Plan and budget, and supports the Deputy Accountant General, Corporate Services to deliver the Division’s Operational Plan in an accurate and timely manner;
  • Deputizes for the Deputy Accountant General, Financial Resources as and when required;

Qualification and Experience

  • Degree in Accounting/Management Studies with Accounting or BBA Degree from an accredited University or; Post-Graduate Degree in Accounting/Financial Accounting or; Practising Chartered Accountant and a Member of a designated professional accounting Body or; ACCA Level 2 or 3.
  • At least 8 years Post Qualification experience in Accounting and/or Finance;
  • At least 5 years of experience working at senior executive level in Accounting and/or Finance, preferably in financial services in a similar capacity
  • Strong cash management experience
  • Extensive experience in preparing cash forecasts and cash flow analyses;

Required Competencies

  • In-depth knowledge of financial statements and financial statement analysis, including the ability to analyze cash flow and the impact on the financial statements;
  • Sound knowledge of analyzing the financial performance of an organization;
  • Sound knowledge of how financial markets operate;
  • Knowledge of International Public Sector Accounting Standards (IPSAS);
  • Knowledge of Government Accounting;
  • Expertise in budget management and Chart of Accounts formulation and maintenance;
  • General knowledge of FAA Act, GAAP and other reporting requirements for investments and other financial instruments;
  • Experience in building complex financial models to evaluate various financial plans.
  • Oral & Written Communication Skills
  • Problem Solving and Analytical Skills
  • Strategic Planning
  • Results Focus
  • Integrity
  • Leadership and Team Building
  • Performance Management
  • Emotional Intelligence

Applications accompanied by résumés should be submitted no later than, 5th February, 2024 to:

Director Human Resource Management & Development

Accountant General’s Department

21 Dominica Drive

Kingston 5