ADMARC Limited Company was established as Statutory Corporation in 1971 under Chapter 67.03 of the Laws of Malawi. The Act was repealed in 2003. Following that, ADMARC was incorporated as a Limited Liability Company, under the Companies Act. The repeal saw ADMARC Limited becoming a non-subverted Statutory Corporation, but with Government being a major shareholder with up to 99% shares.

The Board of Directors of ADMARC Ltd resolved to overhaul ADMARC Ltd by Corporate restructuring

The Board approved new structures for ADMARC Ltd with new skills sets to take the new ADMARC forward. All employees were retrenched.

ADMARC Limited, a Statutory Corporation in Agricultural Marketing, is looking for suitable, qualified and experienced candidates to fill the following positions: –

Title of Post: Director of Finance (DOF)
Grade: AL 2 (Three Years Contract- Renewable)
Location: Head Office
Reporting to: Chief Executive Officer

Purpose of the Job

To provide strategic leadership, direction and guidance on prudent use and management of all financial and material resources to enable the company to achieve its goals in the most efficient and effective manner.

Key Duties and Responsibilities

1. Providing leadership for the formulation of financial accounting strategies to ensure that financial services contribute effectively and efficiently to the goals of the company
2. Advising the Chief Executive and top management team on financial matters and establishing appropriate policies and procedures to ensure compliance with legal and professional standards
3. Facilitating the preparation of financial statements and production of cost, management, revenue and expenditure accounts
4. Coordinating the preparation/consolidation of annual budgets and monitoring and controlling expenditure patterns of ADMARC Limited
5. Coordinating the production of Monthly/Quarterly Operational Reports and Financial Statements for the information of the Chief Executive and the Board
6. Advising CEO and the Board on sourcing external and internal financing and ensuring compliance with financing terms and conditions
7. Interpreting and advising on company financial policy, systems, regulations and procedures
8. Ensuring that appropriate and adequate internal controls are in place and operational
9. Establishing reviews and maintaining sound financial management systems, rules, policies, regulations and procurement matters
10. Monitoring cash and bank balances, and short-term and long-term investments
11. Monitoring and controlling expenditure to ensure adherence to budget policies, systems and procedures and advising management and stakeholders on financial matters
12. Identifying capacity development needs of subordinates in the Department

Minimum Qualifications and Experience

• Bachelor’s Degree in Finance or Accountancy from a recognised institution
• Master’s Degree in Accounting/Finance and full professional qualification such as: ACCA, CPA, CIMA, or ACA
• Seven (7) years relevant post qualification experience at senior management level

• Providing leadership for the formulation of financial accounting strategies to ensure that financial services contribute effectively and efficiently to the goals of the company
• Advising the Chief Executive and top management team on financial matters and establishing appropriate policies and procedures to ensure compliance with legal and professional standards
• Facilitating the preparation of financial statements and production of cost, management, revenue and expenditure accounts
• Coordinating the preparation/consolidation of annual budgets and monitoring and controlling expenditure patterns of ADMARC Limited
• Coordinating the production of Monthly/Quarterly Operational Reports and Financial Statements for the information of the Chief Executive and the Board
• Advising CEO and the Board on sourcing external and internal financing and ensuring compliance with financing terms and conditions
• Interpreting and advising on company financial policy, systems, regulations and procedures
• Ensuring that appropriate and adequate internal controls are in place and operational
• Establishing reviews and maintaining sound financial management systems, rules, policies, regulations and procurement matters
• Monitoring cash and bank balances, and short-term and long-term investments
• Monitoring and controlling expenditure to ensure adherence to budget policies, systems and procedures and advising management and stakeholders on financial matters
• Identifying capacity development needs of subordinates in the Department

• Bachelor’s Degree in Finance or Accountancy from a recognised institution
• Master’s Degree in Accounting/Finance and full professional qualification such as: ACCA, CPA, CIMA, or ACA