Finance and Investment Directorate
Finance and Investment Directorate
Services delivered by Finance and Investment Directorate
- Plan, lead and control the finance, procurement, property administration as well as investment activities of the Agency
- Based on the annual budget of the Agency prepare the cash requirement, submit for approval and follow up implementation
- Supervise and provide support for the branches of the agency with regard to the activities of the directorate
- Establish strong finance administration, monitoring and supervision systems.
- keep complete books of accounts as per the government finance administration law
- Ensure availability of implementation manuals for the sections within the directorate and follow up amendment as deemed necessary
- Identify alternative investment opportunities that enhance the financial strength of the agency and participate in feasible investments
- Ensure the maintenance of the required reserve fund for the health insurance system and follow up the reserve build up
- Prepare periodic report on the implementation of the agency’s finance, procurement and resource administration and submit to concerned bodies.
- Close book of accounts & other finance documents of the agency at end of the year and make other reports ready for auditing by external auditors.
- Establish a system for registration, handling and utilization of the properties of the Agency and monitor implementation
- Establish a system that protects the Agency from embezzlement and other losses and ensure the utilization of resources for intended objectives
- Ensure that any procurement undertaken is as per the government procurement law
- Ensure the payment of required taxes are done on time
- Participate on the development and implementation of the investment strategy of the health insurance system
- Ensure all health insurance policies, procedures and directives have internal control systems