Finance & Accounting Banking Jobs at UDBL – Director Finance

Job Title: Director Finance – (1 Position)
Salary Scale: UDBL 2
Reports to:    Chief Executive Officer
Location:        Head Office
Supervises:     The entire staff in the Department of Finance.
Job Summary:
·         To contribute to the attainment of the Bank’s business objectives by:
·         Providing strategic direction in the areas of financial management
·         Oversee the development of all necessary policies and procedures to ensure standardization in these areas.
·         Ensuring all the financial resources and Financial Records of the Bank are management efficiently and effectively. 
Duties & Responsibilities:
Strategic Direction 
·         Contribute to the achievement of the Bank’s business objectives by providing advice and guidance on strategy
·         Initiate the development of strategies that will support the achievement of organizational mission, core values and business objectives
·         Provide ongoing advice to Board members on business and financial issues.
·         Continuously evaluate strategic direction to confirm alignment with Bank objectives.
Stakeholder Management
·         Identify all key stakeholders for the finance and procurement processes
·         Identify relevant and thorny issues and devise a plan to address them
·         Continuously communicate with stakeholders to improve Bank  image
Financial Management
·         Confirm reporting in compliance with relevant IFRS
·         Co-ordinate timely preparation of accurate annual financial statement.
·         Liaise with external auditors and arrange for timely review of the financial statements
·         Ensure the timely preparation, review and submission of both annual year plan and budgets
·         Continuously monitor and review the financial position of the Bank  to confirm value for the business
·         Provide financial reports to management and the Board
·         Manage the processing, payment and reconciliation of all suppliers.
·         Manage all aspects of fixed asset accounting, ensuring that amounts ultimately recorded in the general ledger are correct.
·         Monitoring all Balance sheet and Income Statement account movements and ensuring that they reflect the correct balances and all relevant account reconciliations are performed and corrective actions taken timeously.
Management Reporting
·         Ensuring that all internal and external reporting requirements are timeously met, including preparation of monthly and quarterly accounts, Group Accounts and Statutory Annual Financial Statements,
·         Being the custodian of the General Ledger, Chart of Accounts, and the central repository for all Financial and Management information for the Bank.
·         Monitoring all Balance sheet and Income Statement account movements and ensuring that they reflect the correct balances and all relevant account reconciliations are performed and corrective actions taken timeously.
·         Manage all aspects of fixed asset accounting, ensuring that amounts ultimately recorded in the general ledger are correct.
·         Preparation of monthly commentaries on UDBL results, including investigation into inconsistent and/or major variances.
·         Facilitate the design and implementation of reporting systems to provide and communicate quality information.
Treasury Management
·         Draft strategies to raise funds in international and domestic capital markets and effectively administer borrowings and receipts ;
·         Analyse and manage the currency and interest rate risks on UDBL’s balance sheet;
·         Prepare investment and capital replenishment proposals in respect UDBL’s capital increase and replenishments of its concessional loan window, the Social Development Fund;
·         Review and recommend best practices for the management of UDBL’s ALM policies on liquidity, develop strategies for income management, currency management practices and loan pricing;
·         Manage UDBL’s investment portfolio and ensure that UDBL’s liquidity requirements are met at all times;
·         Ensure effective treasury operations and provide guidance on operational issues and UDBL policies.
·         Provide timely information and reports for ALCO business of the Bank
Tax, capital & Statutory Requirements
·         Manage compliance with tax law in UDBL and all tax aspects including transfer pricing, withholding taxes, indirect taxes, PAYE and tax planning
·         Identification and evaluation of taxation risks within UDBL
·         Preparation of monthly and annual taxation computations and returns.
·         Optimisation of UDBL’s taxation expense, by identifying areas of tax savings
·         Manage the relationship and participate in selection of external taxation consultants serving UDBL
·         Ensure that the Bank’s statutory audits are delivered in accordance with the statutory requirements
Key Result Areas
·         Identifying and developing  long term strategy regarding the preparation of financial statements in terms of IFRS
·         Management of identified and developed  processes and strategies to facilitate the effective preparation of financial statements in terms of IFRS throughout the Bank
·         Identifying and informing management of potential problems areas and recommending corrective action strategies in Time
·         Advising the Audit Committee, Board, management and their staff on the accounting impact of IFRS issues in the financial statements
·         Providing support and advisory  services to Management, Audit Committee and the Board  on all financial issues
·         Keeping  abreast with the best practices and legal requirement and align these with director reporting
·         Coordinate the Bank’s  external Audit  Plan
·         Driving  the discussion process for external audit  significant  findings  & table them to the Audit  Committee
·         Liaise and  prepare report  with the Bank  contractual  stakeholders 
·         Consult with the Bank  lawyers on all legal issues 
·         Direct the activities of Procurement and Finance departments
Minimum Qualifications, Skills and Training
·         Bachelors Degree and Professional Qualification in Accounting
·         Must be a licensed Accountant.
Minimum Work Experience: Eight years in management with three years’ experience in preparation and presentation of relevant  Board matters.
Skills Required
·         Excellent communication skills at senior management
·         Basic knowledge of contracts
·         Knowledge of Accounting Policies and Procedures
·         Computer literate in Word, Excel, PowerPoint and accounting software
·         Thorough understanding and knowledge of IFRS
·         Analytical and  problem –solving  skills
·         Strategic thinking  skills 
·         Good report writing skills
·         Good managerial / supervisory skills.
·         Good interpersonal skills
How to apply: 
All applications should be hand delivered to Ag. Chief Executive Officer , Plot 15 Clement Hill Road , Ruth Towers P.O Box 7210 Kampala
All copies of academic and professional credentials and testimonials MUST be attached to the applications
Please note that only short listed and successful will be contacted

To reach Not Later than 5:00 pm 19th December 2012

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