Finance and Administration Department
Functions & Responsibilities
The finance and administration department of the Ministry of Energy and Mineral Resources typically handles a range of crucial functions related to the financial management and administrative operations. The department plays a critical role in maintaining financial integrity, transparency, and operational efficiency within the Ministry. Some of the key responsibilities of this department may include:
1. Financial Management: Overseeing the budgeting, financial planning, and financial control processes to ensure efficient use of financial resources within the Ministry.
2. Accounting and Reporting: Managing and maintaining accurate financial records, preparing financial statements, and ensuring compliance with accounting standards and regulatory requirements.
3. Procurement and Vendor Management: Overseeing the procurement process, including sourcing suppliers, negotiating contracts, and managing transactions in line with the Ministry’s financial policies.
4. Payroll and Benefits Administration: Managing the payroll system, including processing employee salaries, deductions, and benefits in compliance with labor regulations and internal policies.
5. Risk Management: Identifying and mitigating financial and operational risks, as well as maintaining appropriate insurance coverage to protect the Ministry’s interests.
6. Administrative Support: Providing administrative assistance and ensuring smooth operations across various functions within the Ministry, including facilities management and office operations.
7. Compliance and Regulatory Affairs: Ensuring compliance with financial regulations, internal policies, and applicable laws, as well as facilitating internal and external audits.
8. Human Resources Support: Collaborating with the human resources department to support recruitment, onboarding, and other HR-related activities that intersect with financial and administrative matters.
Mrs. Akerele Lucy Bodunrin
DIRECTOR, FINANCE & ADMINISTRATION