Job Title: Chief
Finance Officer
Finance Officer
Organisation: National
Social Security Fund (NSSF)
Social Security Fund (NSSF)
Duty Station: Kampala,
Uganda
Uganda
Reports To: Managing
Director
Director
About NSSF:
The National Social Security
Fund (NSSF) is a Provident Fund mandated to provide social security to its
members as prescribed by law under CAP 222 (Laws of Uganda) through efficient
management of members’ contributions. The NSSF asset base is currently over
Ugx. 4 trillion, making the Fund one of the largest players in Uganda’s
economy.
Fund (NSSF) is a Provident Fund mandated to provide social security to its
members as prescribed by law under CAP 222 (Laws of Uganda) through efficient
management of members’ contributions. The NSSF asset base is currently over
Ugx. 4 trillion, making the Fund one of the largest players in Uganda’s
economy.
The National Social Security
Fund (NSSF) is positioning itself to be the Social Security Provider of Choice
in Uganda. Our belief at the Fund is that each employee contributes directly to
the growth and success of the business and each employee is expected to take
pride in being a member of the team.
Fund (NSSF) is positioning itself to be the Social Security Provider of Choice
in Uganda. Our belief at the Fund is that each employee contributes directly to
the growth and success of the business and each employee is expected to take
pride in being a member of the team.
Job Summary: The Chief
Finance Officer will provide strategic leadership to the financial management
of the Fund and implement its plan, whilst managing and enforcing all
financial-related controls to the activities of the Fund. He / she will also
provide leadership and coordination in business planning, accounting and
budgeting efforts of the Fund.
Finance Officer will provide strategic leadership to the financial management
of the Fund and implement its plan, whilst managing and enforcing all
financial-related controls to the activities of the Fund. He / she will also
provide leadership and coordination in business planning, accounting and
budgeting efforts of the Fund.
Key Duties and Responsibilities:
- Offer
leadership in development for continuous evaluation of short and long-term
strategic financial objectives. - Responsible
for developing and implementing effective financial policies and
procedures. Review and update them as required. This involves providing
the Board with information that could lead to the development of new
policy or revision of existing policy. - Intuitively
evaluate and offer direction on the financial impact of long range
planning, introduction of new programs/ strategies and regulatory action. - Manage
and mentor staff, monitor their performance, motivate staff and provide
feedback on key management decisions. Conduct performance appraisal and
identify training and development needs. - Intuitively
review the monthly management accounts and reports, and present to
management and the Board (quarterly). Ensure timely high quality and
accuracy of reports. - Ensure
credibility of financials by providing timely and accurate analysis of
budgets, financial trends, reconciliations and forecasts. - Serve
as a signatory on some of the Fund’s accounts and sign off on all check
payments. - Develop
financial work plans and a calendar of activities for the department. This
involves communicating to staff in the finance department, PAYE, audited
accounts; the budget; VAT monthly reports to Exco. Set dates for receipt
of monthly reports. - Offer
leadership in the development, implementation and maintenance of a
comprehensive cost system. - Ensure
that there are effective internal controls are in place and ensure
compliance with generally accepted accounting principles, international
financial reporting standards and applicable regulatory laws and rules for
financial and tax reporting - To
review the financial performance of NSSF in comparison to the budget,
taking into account the macro-economic impact; income and cost
implications and provide recommendations. - Review
quarterly and end of year financial statements and present to the Board.
Maintain quality and meet deadlines. Ensuring there is timely
reconciliation of accounts and supporting schedules. - Ensure
adherence and compliance with regard to statutory returns and payments are
met on a timely basis. - Manage
the timely update of the fixed assets register, reconciliation to the
general ledger and ensure that assets purchased are engraved, capitalized
and depreciated correctly. - Offer
financial information, advice and support to the investment department in
line with financial planning services through monitoring the cash flows
and availability of funds in NSSF. - Manage
the preparation for external audits and ensure implementation of
initiatives to address areas of weaknesses highlighted. - Quickly
respond to queries from Banks, Uganda Revenue Authority, and the Ministry
of Finance and government departments on financial matters.
Qualifications, Skills and Experience:
- The
applicant should hold an honours degree and postgraduate Masters
Qualification in a business related field. - A
Chartered member with a professional accounting qualification in CIMA,
ACCA, CFA or CPA - At
least eight years’ experience in banking/financial institution or large
professional services firm at senior management level - Good
planning and organisational skills - Strategic
perspective - Good
leadership and people management skills - Analytical
and problem solving skills - Good
judgement and decision making - Good
oral and written communication skills - The
candidate should also be exceptionally hold high personal morals and
integrity.
How to Apply:
If you are suitably qualified
and interested in joining the National Social Security Fund (NSSF), please send
your application enclosing detailed curriculum vitae giving three professional
referees and copies of academic and professional certificates/ testimonials,
postal address and daytime telephone contact.
and interested in joining the National Social Security Fund (NSSF), please send
your application enclosing detailed curriculum vitae giving three professional
referees and copies of academic and professional certificates/ testimonials,
postal address and daytime telephone contact.
The complete applications
should be addressed to: The Managing Director, ABS Consulting Group, Workers
House, Plot 1, Pilkington Road, 9th Floor, Southern Wing. P.O. Box 29526,
Kampala. Uganda.
should be addressed to: The Managing Director, ABS Consulting Group, Workers
House, Plot 1, Pilkington Road, 9th Floor, Southern Wing. P.O. Box 29526,
Kampala. Uganda.
Please indicate the position
applied for on the envelope (“Application for the position of………”)
applied for on the envelope (“Application for the position of………”)
Deadline: 30th June, 2014 by 5PM
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