LUANAR HOLDING COMPANY LIMITED

Company Accountant

The Organisation

LUANAR Holding Company is a wholly owned subsidiary of the Lilongwe University of Agriculture and Natural Resources (LUANAR) incorporated in Malawi under the Companies Act of 2013. It started its operations in 2005 under the name of Bunda Farm Limited. The holding company aims at efficiently managing its resources and generating additional revenue to support the University’s educational mission and enhance financial sustainability through its various business units such as the fuel service station, the LUANAR farms, the LUANAR Properties and a Seed Processing Unit. LUANAR Holding Company now seeks the services of a Company Accountant, tenable at its Lilongwe Head office.

The Role

The Company Accountant will be responsible for managing the Company’s financial health by overseeing financial budgeting, reporting, investment strategies and compliance with financial regulations to support long term growth.

Key Responsibilities and Deliverables 

1. Ensuring all legal payments and obligations are met as they fall due.
2. Preparing separate and consolidated annual budgets and monitoring and controlling expenditure patterns for the Company.
3. Preparing monthly and quarterly management accounts and annual financial statements for audit.
4. Monitoring cash and bank balances.
5. Ensuring monthly bank reconciliations are done.
6. Ensuring all payments adhere to company’s financial regulations.
7. Coordinating internal and external audits, preparing financial statements, and resolving audit findings
8. Reviewing and maintaining sound financial and accounting management systems
9. Working with all staff of the Company ensuring good practice in areas of finance and accountability matters.
10. Ensuring proper management and disposal of fixed assets, ensuring accurate depreciation and protection.
11. Ensuring all inventory is properly managed and accounted for.
12. Ensuring accurate payroll processing and compliance with statutory requirements, with final approval of payroll disbursements.

Qualifications and Requirements

1. University Degree in Accounting or other relevant Degree in financial management.
2. Studying towards ACCA/CIMA/ICAM
3. Minimum of 5 years’ experience in a senior accounting role, including experience in managing budgets.
4. Excellent communication skills both written and spoken
5. Teamwork
6. Strong interpersonal skills
7. High degree of integrity and trust.
8. Leadership skills with big-picture thinking and vision. ix. Experience with ERP Accounting Packages.

How to Apply

Candidates who meet the above requirements and are interested in the job should send their applications and up-dated CVs with names of at least three (3) traceable referees to the following address:

The Board Chairman
LUANAR Holdings Company Limited
P.O. Box 219
Lilongwe

Or online through luanarholdings@luanar.ac.mw and copy to alfonsochikuni@gmail.com

Applications should arrive not later than Friday, 8th November 2024.

Only shortlisted candidates will be acknowledged. LUANAR Holding Company Limited is an equal opportunity employer.