Finance
Habib Bakarr Munda
Director of Finance
Overview
The Finance Directorate of the Sierra Leone Railways Development and Regulatory Authority is responsible for the effective management, control, and accountability of the Authority’s financial resources. It provides strategic financial guidance and advice to management to facilitate informed decision-making, efficient resource allocation, and the achievement of the Authority’s objectives.
The Directorate ensures that financial transactions are accurately recorded, budgets are prepared and executed in line with approved allocations, and financial reports are produced promptly and accurately. Additionally, it promotes compliance with relevant government financial regulations, accounting standards, tax obligations, and internal control procedures.
Through robust financial planning, budgeting, accounting, cash flow management, payroll administration, expenditure control, and financial reporting, the Directorate supports the operational functions and long-term development goals of the Authority. It collaborates closely with other directorates, departments, government bodies, auditors, and other stakeholders to ensure transparency, value for money, and responsible stewardship of public funds.
The Finance Directorate is dedicated to upholding the principles of integrity, professionalism, accountability, transparency, and prudent financial management, ensuring that the Authority’s financial resources are utilized efficiently and effectively in fulfilment of its mandate to develop and regulate railway services in Sierra Leone.
Key Functions
- Lead the development and review of policies, processes and procedures involving financial management and ensure that they are effectively implemented and maintained.
- Establish appropriate systems, such as a Performance Management and Development programme to monitor, measure and support staff to achieve the objectives of the Authority.
- Establish and drive a system of improved financial planning and monitoring, and ensure that all of the Authority’s financial practices are in line with statutory regulations and legislations.
- Lead the preparation of the annual budget of the Authority and ensure the efficient utilization of resources.
- Establish and maintain procedures for payment and records of wages and salaries, with approved deductions
- Monitor cash flow, accounts and other financial transactions to help limit risk and ensure efficient financial management.
- To engage and work closely with external auditors in the auditing of annual accounts.
- Coordinate the preparation of a detailed report on the financial performance of the Authority.
- To multi-task with any other duty that may be assigned by the Director General