Job Information
Cash Management Analyst (GMG/SEG 2)
Company Information
Job Information
Description
Company
Government of Jamaica
Website
http://bit.ly/GOJJobListing
Contact Name
Office of the Services Commission
Contact Email
communications@osc.gov.jm
Job Type
Full-time
Department
Ministry of Finance and the Public Service
Category
Planning/Development
Posted
12-07-2024
Job Status
Start Publishing
12-07-2024
Stop Publishing
23-07-2024
Applications are invited for the following post in the Public Expenditure Policy Co-ordination and the Public Expenditure Divisions, Ministry of Finance and the Public Service (MOFPS): Cash Management Analyst (GMG/SEG 2) - (Vacant), salary range $4,266,270 - $5,737,658 per annum.
Job Purpose
To facilitate the effective and efficient allocation and management of financial resources consistent with high standards of probity, accountability, transparency, value for money, in line with parliamentary intentions, so as to support the achievement of the Government’s priority.
Key Responsibilities
- To ensure that key stakeholders have sufficient and adequate information to enable their decision making by:
- Receiving from Accountant General, Withdrawal from Consolidated Fund Orders showing actual cash released to MDAs; consolidating information and generating report for PEX Units and Senior Director CMU;
- Analyzing actual cash released by AGD to MDAs with instructions by CMU for both recurrent and capital Heads; identify variances and generate reports for Senior Director and PEX Units;
- Assisting the Senior Cash Management Analyst in preparing Cash Flow analysis and advising the Senior Director on expenditure trends and projections;
- Assisting the Senior Cash Management Analyst undertake ongoing reviews and analyses required to inform policy at the macro level;
- Analyzing actual expenditure data by Head/Object and sub object and advise Senior Director of trends;
- Consolidating information of actual expenditure by Head/Object sub/object and generating reports, as necessary;
- Analyzing information of actual warrant issues by Head/Object and generating reports, as necessary;
- Monitoring and analyzing information on all advances issued by CMU; collaborating with Budget analysts and Accountant General and monitoring recovery of these advances;
- Providing actual data on warrant releases to Statistical Institute (STATIN) and Fiscal Policy Management Unit (FPMU), as required;
- Collaborating with Budget Analysts/Financial Analysts in PX Units, to ensure that adequate, reliable and timely information is available to Cash Management Unit and other stakeholders.
- To support the maintenance of an appropriate level of liquidity and maximize revenue to the
- Consolidated Fund by:
Liaising with Economics Division/Loan Monitoring unit /Budget Analysts/Project; - Analyzing to identify Consolidated Fund payments and preparing annual schedule for recovering amounts on a quarterly basis;
- Monitoring all Consolidated Fund payments provided in the Budget and ensuring that amounts budgeted are not released through warrants to MDAs;
- Liaising with Loan Monitoring Unit to acquire information regarding the funding of Special Project Accounts for multilateral/bilateral projects in order to determine the timing and amounts to be paid over to the Consolidated Fund;
- Collaborating with Financial Analysts and FPMU to monitor miscellaneous revenue performance against projections and revise targets based on actual performance;
- Analyzing quarterly reviews of miscellaneous revenue performance; arranging meetings and providing secretariat services to Review Panel;
- Liaising with Accountant General’s Department and FPMU on quarterly basis to reconcile/verify data on all tax/non tax revenues paid into the Consolidated Fund;
- Verifying with Accountant General, Principal Receivers of Revenue and MDAs all payments into and from the Consolidated Fund in order to accurately prepare Statements 1-7 of the Financial Statements and Revenue Estimates at the end of each Financial Year;
- Preparing Statements 1-7 of the Financial Statements and Revenue Estimates and provide camera-ready copies to Senior Director Cash Management;
- Consolidating reports of cash book balances at the 31st of March in each Financial Year, the amounts approved for Period 13 Payments and the balances to be surrendered to the Consolidated Fund;
- Monitoring the timeliness of payment of Non-Period 13 cash balances into the Consolidated Fund.
- To seek to maintain the liquidity of government funds in Commercial Banks at an acceptable level through effective monitoring of account balances by:
- Receiving quarterly reports of new bank accounts form Financial Analysts for updating of Banking Registry;
- Co-ordinating the regular updating of the Banking Register with information on new bank accounts, impress accounts and credit cards and maintaining register;
- Liaising on a regular basis with Director Banking and Financial Analysts so as to secure the appropriate information necessary to maintain the electronic Banking Registry;
- Electronically accessing information form Commercial Banks on balances in all bank accounts held by MDAs;
- Preparing and distributing to all stakeholders weekly reports of balances in current and prior year expenditure clearing accounts and Departmental Deposit Accounts held in Commercial Banks by MDAs;
- Preparing and distribute to all stakeholders quarterly reports of balances in all other bank accounts held in commercial banks by MDAs;
Accessing MDAs Cash Book Balances through the FMIS link electronically; - Preparing and distributing to all stakeholders weekly reports of MDAs cash book balances;
- Analyzing reports of MDAs cash book balances against bank account balances on a weekly basis and providing information Senior Cash Management Analyst to inform cash releases by Accountant General.
Required Knowledge, Skills and Competencies
- Logical problem solving and analytical ability;
- Thorough knowledge of the job;
- Delivers output of a consistently high quality;
- Ability to exercise initiative;
- Possess excellent interpersonal skills;
- Displays a positive job attitude;
- Sound technical knowledge of cash and financial management in the Public Sector;
- Sound knowledge of the GOJ planning and policy setting process;
- Expert knowledge of Microsoft spreadsheet applications.
Minimum Required Qualification and Experience
- Bachelor’s Degree preferably in Social Sciences;
- One to two (1-2) years’ experience in a related financial management role;
- Public Sector experience.
Applications accompanied by Résumés should be submitted no later than Monday, 22nd July , 2024 to:
Senior Director, Human Resource Management and Development
Ministry of Finance and the Public Service
30 National Heroes Circle
Kingston 4
30 National Heroes Circle
Kingston 4
Email: hrapplications@mof.gov.jm
Candidates who previously applied for the positions NEED NOT APPLY.
Please note that only shortlisted applicants will be contacted.
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