The Accounts & Finance Department is responsible for managing the organization's financial operations, ensuring fiscal responsibility, regulatory compliance, and long-term sustainability. Key functions include the preparation of accurate and timely financial statements, adherence to tax regulations, and support for internal and external audits through transparent and organized recordkeeping.
The Unit works closely with other units to develop and monitor annual budgets, providing variance analyses to assess financial performance and support informed decision-making. It also undertakes financial forecasting and planning, offering strategic advice to senior management. Treasury and cash flow management are central responsibilities, involving the oversight of cash balances, banking activities, and financial investments to meet the organization's obligations.
The Department ensures efficient accounts payable processes through timely invoice verification and payments, while payroll administration is handled with accuracy and in full compliance with labor and statutory requirements. To safeguard the organization's assets, internal controls and risk management systems are implemented and continuously reviewed.
Moreover, the department drives process improvements through system upgrades and automation initiatives. It also serves as the primary liaison with external stakeholders, preparing financial reports and responding to data requests as needed. Through these integrated responsibilities, the Accounts & Finance Department plays a vital role in maintaining the financial integrity, transparency, and accountability of the organization.