The duties and responsibilities of the Principal Accountant will entail: Implementing policies, strategies, legislations, guidelines, frameworks, norms, regulations, plans, standards, and programs on accounts; Implementing an effective system of internal control that adheres to the Service’s policies and procedures; Reconciling the creditors ledger, the general ledger, and cash book accounts in conformity with the laid-down financial regulations; Ensuring receipts of revenue are posted timely in line with the laid down financial regulation and procedures; Coordinating the preparation of payment vouchers, cheque books, and cashbook records; Initiating domestic and foreign borrowing in accordance with existing laws; Coordinating fora with potential financing partners; Developing periodic reports on resource mobilization; Ensuring all payments and receipts conform to the relevant government circulars and accounting regulations; Maintaining the book of debtors, debt accounts, and monitoring payments; Ensuring accuracy of computations, appropriate charging of accounts, and monitoring of postings of payments; Interpreting financial policies for sound accounting principles, practices, and control and management of PAYE, VAT, and other statutory deductions; Responding to audit queries; Preparing monthly tax returns to ensure compliance with periodic tax payments, information reporting, and other statutory requirements; Recommending on mitigating measures for addressing risks in the department; Developing and implementing business continuity plans for the department.
