PROJECT ACCOUNTANT
Full Time
December 13, 2023
Lilongwe, Malawi
December 28, 2023

Company: CUMO Microfinance Limited

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Overview

CUMO Microfinance Limited is a not-for-profit rural microfinance company providing financial and non-financial services in the hard to reach areas of Malawi. The Company currently serves over 70,000 clients (mostly women) in villages across 26 districts of Malawi. CUMO is inviting applications from suitably qualified and experienced persons to fill various vacancies under an anticipated new project to be jointly implemented with Self Help Africa (SHA) under a Result Based Financing (RBF) project. The project will target the “poorer” and “poorest” income categories of Malawians as defined in the Unified Beneficiary Registry (UBR) established by The Department of Poverty Reduction and Social Protection (DPRSP) of the Ministry of Economic Planning and Development. This project is expected to reach up to 210,000 people, in Balaka, Dedza, Salima and Nkhatabay. The objective of this project is to address the affordability barrier to accessing Off Grid Solar (OGS) products and improved cook stoves (ICS) for people in ultra-poor, vulnerable settings who would otherwise not be reached by the commercial market or existing public initiatives.

CUMO Microfinance Limited therefore seeks to recruit talented and dynamic individuals to be part of the team that will drive the anticipated project.

 

Project Accountant (1)

Job Purpose

Reporting to the Finance & Administration Manager, the successful candidate will be responsible for the day to day operation of the accounting function.

Specific Duties and Responsibilities

The roles and responsibilities of the Project Accountant will include the following:

 

1. Verification and booking of supplier claims.
2. Reconciliation of supplier accounts and timely resolution of any outstanding items.
3. Maintenance of projects ledgers including reconciliations of the same.
4. Attending to supplier queries and preparation of sup
5. Preparation of cash forecasts, expenditure reports and all donor reports in line with project agreements.
6. An interface with the Verifiers and suppliers.
7. Responsible for the safe keeping, filing and custody of security documents, including usage, flow and filing.
8. Maintenance of accurate and up-to-date accounting information.
9. Processing and Posting of the General Ledger and cash/cheque transactions. Assisting in preparation of monthly, quarterly and annual reports.
10. Up-dating and maintaining the Fixed Asset Register.
11. Responding to Supplier queries and issuing account statements.

 

Qualifications and Skills

The ideal candidate for the position shall be expected to have the following:

1. A degree in Accountancy obtained from recognised institution. Those studying towards the final stages of any professional certification courses will have an added advantage.
2. Ability to work under minimum supervision and able to meet strict deadlines.
3. Excellent analytical and report writing skills.
4. Strong respect and empathy for rural communities, and an affinity to CUMO’s mission and values of integrity, dignity and environmental respect.
5. Fluency in written and spoken English and Chichewa.
6. Minimum of 2 years working experience in a similar position.

 

CUMO pays competitive salary including housing allowance.

 

Individuals who strictly meet the above requirements are encouraged to apply. Application including full CV and a cover letter explaining your suitability for the position with contact details of three work-related referees should be sent by post or by email to:

 

The Finance & Administration Manager,

CUMO Microfinance Limited

Plot No. Bwaila 6/278,

P O Box X 99,

LILONGWE

Email: cumo@cumomw.com

Closing date is December 28, 2023. Only short-listed applicants will be contacted.