Finance and Risk Management Sector
The Finance and Risk Management Department (AVAILABLE) oversees the CoR's financial management. The field has a contact surface with all aspects of City Fund Section A operations and provides managers with information, support and retention.
About the range
The Finance and Risk Management area is divided into seven units, as well as the Office of the Regional Director.
These units are: Programme and Settlement Office, Accounting Office, Property Office, Financial Management and Collection Office, Purchasing Office, Payroll Office and Risk Management Office.
The main tasks of the Programme and Settlement Office are as follows:
Drawing up the budget, the five-year plan, including the investment plan, and the financial plan for Part A and the CoR's Group, as well as the explanatory notes.
The CoR's work programme is in line with the strategic objectives of the Faculty Councils and the City Council.
Regular settlement of A-shares and consolidation and annual accounts of the CoR, together with explanatory notes.
Financial analyses of operations and investments and provision of information to mayors and city councils.
Demonstration and administrative handling of proposals that have a financial impact.
Drafting and submitting data to the tax authorities.
The Head of the Scheduling and Settlement
Office is Erik Assured Striz Bjarnason.
The main tasks of an accounting office are as follows:
Receipt and registration of invoices.
Reservation and reconciliation of supplier invoices.
Purchase Card Creation, Booking and Purchase Card Reconciliation.
Booking of income listings.
Reservation of Purchase Card Invoices.
Reconciliation of bank accounts.
Issuance of sales invoices.
Management of travel allowances, calculation of allowances and travel bills.
Completion and submission of contractor tickets.
Training and advice to managers and employees for accounting.
head of the accounting office of the company is Jonas Skúlason.
The main tasks of a property office are as follows:
Owner's notice with the Reykjavik City Property Fund, which maintains the city's properties: land, land and other real estate, transport infrastructure, and vacancies.
Registration of assets.
Drafting of the investment plan.
Type of lease and invoicing.
Retention and cost control of operations and operation of assets.
Development of metrics for comparing investments and operations.
Purchase and sale of assets.
The main tasks of the Capital Management and Collection Office are as follows:
Promissory note offering.
Issuance of green bonds.
Conclusion of contracts with financial entities for procurement cards.
Drafting of rules for the use of payment cards and their monitoring.
Develops and implements a consistent procedure for collection.
Collection of claims for service fees.
Interaction with collection companies for intermediate and legal collection.
Payment Processing/Chargers Jobs.
Real estate fees, encumbrance and collection.
Managing rebates to seniors and microentrepreneurs.
Training and consultancy in the field of financial management and collection.
head of the financial management and collection office is Saint Benedict.
The main tasks of the Procurement Office are as follows:
Services to the Procurement Council.
Proposing the most economical means of procurement in individual cases for the Procurement Council.
Implementation of formal procurement processes.
Services and procurement advice to managers and employees engaged in the procurement of works, supplies and services on behalf of the CoR.
that the implementation of documentation for the city's procurement processes is in line with the requirements of the Procurement Office.
Drafting of framework agreements and their contract management.
Supervision of compliance with the Procurement Code and the Public Procurement Law.
Office Manager is Johanna Eirný Hilmarsdóttir.
The main tasks of a payroll office are as follows:
Receipt of salary data from institutions and sectors.
Monitoring of payroll data.
Data entry; salary scales.
Payroll processing; payroll delivery.
Calculation and remittance of salary-related charges to pension funds, etc..
Remittance of salary withholding.
The remuneration of the CoR.
Communication and advice to managers and human resources consultants.
head of the payroll office is Katrin Kaaber.
The main tasks of the Office of Risk Management are as follows:
Formulating and implementing a risk policy, including objectives, delimiting roles and responsibilities, defining risk aversion and implementing risk management.
Mapping of risks in CoR activities.
Monitoring of risk management in line with risk strategy and risk aversion.
Proposes a risk management methodology, including the use of information systems.
Marks the direction of risk management priorities.
Drawing up guidelines for the development and implementation of reporting and dissemination of information on status and performance.
Periodic evaluation of the risk culture and risk maturity and preparation of remedial action plans.
Financial risk management and oversight of economic developments.
Issuing and developing quarterly risk reporting for the City's Part A financial risks.
Risk analyses and scenario creation. Risk assessment based on budget assumptions.
Liquidation of economic dimensions, analysis of the economic situation and outlook, and spatialisation of economic forecasts.
Articles to the mayor and the city council about the risks in the city's operating environment.
Forecast models for demographic trends within the city, e.g. by neighbourhoods and socioeconomic assumptions.
Quality management, coordination, education and supervision in the field.
Training and knowledge sharing in the area of risk management.
The Head of the
Office of Risk Management is Stefania Sch. Thorsteinsson.
The main tasks of the Office of the Field COORDINATOR AVAILABLE are as follows:
Managing and supervising the activities of offices under the jurisdiction of the field.
Provision of information and communication with relevant councils and committees.
Administrative, queries and reviews for parliamentary, city council, and disciplinary matters.
Strategy and coordination of field activities. Implements field orientation.
Disclaimer for the Finance Act; such as the Local Government Act, the Public Finance Act and the Regulations, and vis-à-vis the Supervisory Board for Municipal Finance.
Advising on financial statements and disclosures to ministries and regulators.
Development of key figures, statistics and managerial information that transcends the city. Coordination of the presentation, use and disclosure of the data concerned.
Managing "in figures" and the city's statistics website.
Development and presentation of data resulting from business analysis and periodic reporting to professional councils and public disclosure.
Development and presentation of objectives, key metrics and measurements resulting from performance management and strategic budgeting.
Green accounting of the CoR.
Services to users of financial and human information systems, periodic processing, consulting and training.
Development of financial and human information systems.
The head of the Office of the Site
Manager is Hardy Hilmarsson.
The site manager is Halldora Káradóttir.