Jerusalem Water Undertaking

Performance Guide

Title: Director  

B1

Department: Business and Finance 

No. of People Supervised: :

Responsible To: General Manager  

Job Description

Objective of Position:

Foster professional financial management practices, including generally accepted accounting principles (GAAP) and implement accounting accrual base in recording and preparing financial statements. Provide needed support to different departments in preparing their budgets. Develop and implement an integrated Management Information System (MIS), and pay attention to new technology and its applications to JWU, in a way that contribute in increasing profit making (expenditures and income).

Summary of Duties:

General Duties :

1.      Overall JWU Management Role: Assist the General Manager in developing and implementing JWU polices, procedures and systems. Undertake any duties requested by the General Manager. Participate in different committees and studies related to his department.

2.      Plan:  Recommend department long-range plans designed to meet JWU goals with budget required; accomplish work within the approved budget.

3.      Organize:  Maintain necessary communication and ensure good relations with appropriate external bodies and other departments.  Coordinate the activities of divisions. Ensure availability and make most efficient use of human resources, supplies and equipment.

4.      Lead:  Delegate authority and set goals. Manage and direct the overall activities of the Department to achieve goals. Make work assignments to staff according to skills and job responsibilities. 

5.      Control:  Monitor the performance of the department, ensuring the quality of work and conformance with standards, rules & regulations. Prepare and present reports for the information of the General Manager and the Board of Directors. Monitor performance of staff through regular meetings and work review.

6.      Staff Development: Manage by results, encouraging staff to achieve personal and professional goals.  Identify training needs.  Ensure safety of staff. Recommend annual staff raises according to performance.

Specific Duties :

1.     Financial Management: Develop, prepare and follow up the implementation of JWU cash flow. Ensure maintaining adequate liquidity taking into consideration provisions for emergencies. Act as JWU representing with banks, insurance companies and investments companies and agencies. Study, analyze and recommend the best ways to invest the JWU funds, and revenue enhancement. Coordinate with internal and external auditors in audit JWU’s transactions and financial statements. Ensure the participation of the department in assets stocktaking in JWU

2.     Planing & Financial Analysis: Develop and implement studies related to tariffs, capital budgeting and financial indicators. Supervise the preparation of JWU budget according to the approved procedures, and verify its compliance with JWU strategy and goals. Supervise the preparation of financial reports and statements and ensure its accuracy to indicate the JWU growth and sustainability. Assist the Engineering Director in preparing the new projects or capital improvements, by preparing the financial part of the project study and plan. Audit all contracts and obligations before singing to evaluate its financial impact on JWU and give his recommendations.

3.     Accounting: Develop, implement and maintain financial polices and procedures based on internal control concept, and ensure the implementation of the GAAP and the accrual base in building the accounting tree, calcifying, direct, recording, preparing interim reports and the end of period financial statements. Ensure proper records of capital expenditure and assist the Engineering Director in tracking costs versus budget for all capital projects. Ensure that all changes are made properly to capital accounts.

4.     Information Technology: Develop, implement and maintain an integrated MIS, cash flow management, collections and payments policies and procedures, investments, costing and cost reductions programs, financial forecast modules. Supervise the activities of accounting and ensure the proper recording of transactions, bank reconciliation’s, financial information, adjusting and correction entries, collections, and bank deposits. Pay attention to new technology and its applications in JWU, and ensure giving the best support to all levels in a way that increase the efficiency of the work.

5.     Record-Keeping: Ensure that the financial records are kept in an orderly and effective fashion.

Internal Relationships and  Communication:

General manager, Department Directors, Internal Auditor and such others as appropriate.

External Relationships and Communication:

Suppliers, external Auditors and banks.