Finance Division – National Institute of Social Development: NISD

ABOUT US

The Finance Division of the National Institute of Social Development (NISD) is responsible for ensuring sound financial management, accountability, and transparency in all financial operations of the Institute. The division plays a vital role in supporting the achievement of institutional objectives through effective planning, allocation, monitoring, and control of financial resources. Based on NISD's administrative and finance functions, the division contributes to the efficient utilization of government funds and the preparation of financial reports and statements.

Our Key Responsibilities

• Preparation and management of annual budgets and financial plans.
• Processing payments, receipts, and other financial transactions.
• Preparation of annual financial statements and statutory reports.
• Monitoring and controlling institutional expenditure in accordance with government regulations.
• Management of payroll, allowances, and employee-related financial matters.
• Maintenance of financial records and accounting systems.
• Ensuring compliance with financial regulations, audit requirements, and internal control procedures.
• Providing financial advice and support to management and other divisions of the Institute.

SERVICES OFFERED

Financial Operations Management

• Processing and verification of all financial transactions in accordance with government financial regulations and institutional policies.
• Maintaining accurate financial records and ensuring accountability in the use of public funds.

Shroff Services

• Collection of payments, fees, and other institutional revenues.
• Issuing official receipts and maintaining cash transaction records.
• Handling daily cash collections and banking activities.

Voucher Processing and Verification

• Examination and verification of payment vouchers and supporting documents.
• Ensuring compliance with financial regulations, circulars, and approval procedures.
• Processing expenditure claims and reimbursement requests.

File Checking and Financial Documentation

• Reviewing financial files and documents prior to approval and payment.
• Maintaining proper documentation for audit and reference purposes.
• Ensuring completeness and accuracy of financial records.

Cheque and Payment Management

• Preparation and issuance of cheques for approved payments.
• Processing supplier payments, staff claims, and other institutional expenditures.
• Monitoring payment schedules and maintaining payment registers.

Stores and Inventory Financial Management

• Financial monitoring of stores and inventory-related transactions.
• Verification of stock-related documentation and procurement records.
• Coordination with relevant divisions on asset and inventory accounting.

Budget and Financial Reporting

• Assisting in budget preparation, implementation, and expenditure monitoring.
• Preparation of financial reports, statements, and management information.
• Supporting internal and external audit activities.

Support Services

• Providing financial advice and assistance to divisions, staff, and stakeholders.
• Supporting the efficient operation of institutional programs and activities.
• Ensuring transparency, accountability, and effective financial management practices.

Our Commitment

The Finance Division is committed to maintaining the highest standards of financial integrity, accountability, and efficiency. Through prudent financial management and continuous improvement of accounting practices, we strive to support the sustainable growth and development of NISD while ensuring responsible stewardship of public resources.