Water & Sanitation Services Bannu
Finance Department
Overview
The Finance Department at Water & Sanitation Services Bannu (WSSC Bannu) plays a vital role in ensuring the organization’s financial stability, transparency, and efficiency. As a core pillar of the organization, the department is responsible for managing financial planning, fund utilization, and compliance to support WSSC’s mission of delivering quality water and sanitation services.
Background
The Finance Department is entrusted with acquiring, managing, and planning the utilization of financial resources within WSSC Bannu. It ensures sound financial control, resource optimization, and transparency, all of which are essential for the organization’s performance and public trust.
Responsibilities
- Accounts Payable: Manages timely payments to vendors and service providers while minimizing late payment penalties.
- Accounts Receivable & Revenue Tracking: Oversees billing and revenue collection from customers and stakeholders.
- Payroll Management: Ensures accurate and timely salary disbursement to employees.
- Financial Reporting: Prepares financial reports to aid in internal decision-making and external auditing.
- Financial Controls: Implements robust financial policies to ensure compliance, minimize risks, and prevent fraud.
Key Functions
- Preparation and management of annual budgets.
- Allocation and control of operational funds.
- Pre-audit and expenditure monitoring.
- Billing and revenue collections.
- Preparation of financial statements and coordination of audit activities.
- Liaison with government departments, auditors, and regulatory bodies.
- ISO certification compliance and adherence to financial regulations.
