Malawi Research and Education Network - MAREN

Responsibilities or duties

• Prepare monthly, quarterly, and annual financial statements (balance sheet, income statement, cash flow statement) and supporting schedules in accordance with applicable accounting standards and MAREN policies.
• Analyze accounting records, financial statements, and management reports to assess completeness, accuracy, and conformance to internal policies, procedures, and regulatory requirements.
• Conduct monthly budget vs. actual performance analysis, identify significant variances, investigate root causes, and provide actionable recommendations to management.
• Support financial forecasting, scenario modeling, and strategic planning initiatives as requested
• Maintain the general ledger, including preparation of adjusting journal entries, account reconciliations, and execution of month-end and year-end close processes within defined timelines.
• Review expense claims, vendor invoices, and payment vouchers for accuracy, budget availability, and policy compliance prior to processing.
• Compute, remit and file all statutory deductions and tax returns accurately and within regulatory deadlines.
• Monitor accounts receivable, follow up on outstanding invoices, and enforce credit control policies to minimize bad debt and improve cash collection cycles.
• Maintain a comprehensive Fixed Assets Register, including depreciation calculations, capitalization of new assets, tracking of disposals/transfers, and coordination of periodic physical asset verification exercises.
• Process and verify payroll calculations, ensure accurate and timely salary disbursements in compliance with labor laws and organizational policies.
• Review procurement requests and contracts for budget alignment and financial policy compliance in liaison with the Procurement Officer.
• Perform other relevant duties assigned by MAREN management that align with the role’s scope and organizational objectives.

Experience needed

A suitable candidate shall have:

• Have a bachelor’s degree in accounting or related fields from a recognized institution. Those with professional qualifications on top of the first degree will have added advantage.
• Be a registered member and in good standing with the Malawi Accountants Board (MAB) through the Institute of Chartered Accountants in Malawi (ICAM)
• Have at least 3 years’ work experience in a similar position in a busy environment
• Be able to work with minimum supervision
• Have ability to work under pressure
• Have ability to work as part of a diverse and inclusive team
• Have high degree of integrity and professionalism

• Prepare monthly, quarterly, and annual financial statements (balance sheet, income statement, cash flow statement) and supporting schedules in accordance with applicable accounting standards and MAREN policies.
• Analyze accounting records, financial statements, and management reports to assess completeness, accuracy, and conformance to internal policies, procedures, and regulatory requirements.
• Conduct monthly budget vs. actual performance analysis, identify significant variances, investigate root causes, and provide actionable recommendations to management.
• Support financial forecasting, scenario modeling, and strategic planning initiatives as requested
• Maintain the general ledger, including preparation of adjusting journal entries, account reconciliations, and execution of month-end and year-end close processes within defined timelines.
• Review expense claims, vendor invoices, and payment vouchers for accuracy, budget availability, and policy compliance prior to processing.
• Compute, remit and file all statutory deductions and tax returns accurately and within regulatory deadlines.
• Monitor accounts receivable, follow up on outstanding invoices, and enforce credit control policies to minimize bad debt and improve cash collection cycles.
• Maintain a comprehensive Fixed Assets Register, including depreciation calculations, capitalization of new assets, tracking of disposals/transfers, and coordination of periodic physical asset verification exercises.
• Process and verify payroll calculations, ensure accurate and timely salary disbursements in compliance with labor laws and organizational policies.
• Review procurement requests and contracts for budget alignment and financial policy compliance in liaison with the Procurement Officer.
• Perform other relevant duties assigned by MAREN management that align with the role’s scope and organizational objectives.

• Ability to work with minimum supervision
• Ability to work under pressure
• Ability to work as part of a diverse and inclusive team
• High degree of integrity and professionalism

• Bachelor’s degree in accounting or related fields from a recognized institution.
• Professional qualifications on top of the first degree will have added advantage.
• Registered member and in good standing with the Malawi Accountants Board (MAB) through the Institute of Chartered Accountants in Malawi (ICAM)