Job Title: Financial Reporting Officer
Organisation: United Bank
for Africa Uganda (UBA)
for Africa Uganda (UBA)
Reports to: Chief Finance Officer
Duty Station: Kampala, Head
Office, Uganda
Office, Uganda
About UBA:
United Bank for Africa (Uganda) is a commercial bank that focuses on
the individual customer, small and medium enterprises (SMEs), as well as large
corporations. The Nigeria-based parent company United Bank for Africa Plc.,
started operations in Uganda with a capital base of US$12 million. The bank’ s entry
into the Ugandan market along with other regional heavyweights including Kenya
Commercial Bank and Ecobank Transnational, energized the country’s financial
sector, increasing competition, resulting in improved customer service across
the board.
the individual customer, small and medium enterprises (SMEs), as well as large
corporations. The Nigeria-based parent company United Bank for Africa Plc.,
started operations in Uganda with a capital base of US$12 million. The bank’ s entry
into the Ugandan market along with other regional heavyweights including Kenya
Commercial Bank and Ecobank Transnational, energized the country’s financial
sector, increasing competition, resulting in improved customer service across
the board.
Job Summary: The Financial
Reporting Officer will support UBA in the following:
Reporting Officer will support UBA in the following:
·
Ensure
accuracy of entries into all of the company’s financial accounts, including
portfolio and mutual fund accounts.
Ensure
accuracy of entries into all of the company’s financial accounts, including
portfolio and mutual fund accounts.
·
Manage
the planning and the performance management process at UBA Uganda
Manage
the planning and the performance management process at UBA Uganda
·
Actively
facilitate strategic planning through preparation of financial forecasts based
on UBA’s business strategy
Actively
facilitate strategic planning through preparation of financial forecasts based
on UBA’s business strategy
·
Overall
management, co-ordination and preparation of the annual budget and
periodic revised estimates.
Overall
management, co-ordination and preparation of the annual budget and
periodic revised estimates.
·
Performance
management through analysis, review and preparation of periodic financial
reports
Performance
management through analysis, review and preparation of periodic financial
reports
·
Provide
UBA leadership, management information to support decision making.
Provide
UBA leadership, management information to support decision making.
·
Ensure
Strategic Business Units (SBUs) are provided with adequate performance
management information
Ensure
Strategic Business Units (SBUs) are provided with adequate performance
management information
Key Duties and
Responsibilities:
Responsibilities:
Financial Reporting Aspects (90%)
·
Ensure
the overall integrity and accuracy of the General Ledger as a basis for the
preparation of Financial and Management Reporting
Ensure
the overall integrity and accuracy of the General Ledger as a basis for the
preparation of Financial and Management Reporting
·
Support
the CFO on all matters relating to the operation of the finance department that
includes, financial reporting, accounts payable, accounts receivable,
reconciliations and overall financial discipline.
Support
the CFO on all matters relating to the operation of the finance department that
includes, financial reporting, accounts payable, accounts receivable,
reconciliations and overall financial discipline.
·
Act as
the custodian of the General Ledger, Chart of Accounts, and the central
repository for all Financial and Management information for the Bank.
Act as
the custodian of the General Ledger, Chart of Accounts, and the central
repository for all Financial and Management information for the Bank.
·
Ensuring
that all internal and external reporting requirements are timeously met,
including preparation of monthly and quarterly accounts, Group Accounts,
quarterly press releases and Statutory Annual Financial Statements.
Ensuring
that all internal and external reporting requirements are timeously met,
including preparation of monthly and quarterly accounts, Group Accounts,
quarterly press releases and Statutory Annual Financial Statements.
·
Being
the custodian of the General Ledger, Chart of Accounts, and the repository for
all Financial and Management information for the Bank.
Being
the custodian of the General Ledger, Chart of Accounts, and the repository for
all Financial and Management information for the Bank.
·
Review
of suspense accounts to ensure that these are cleared daily.
Review
of suspense accounts to ensure that these are cleared daily.
·
Perform
detailed review and analysis of the country numbers to confirm the integrity
and resilience of reported results.
Perform
detailed review and analysis of the country numbers to confirm the integrity
and resilience of reported results.
·
Ensure
accurate posting of journals entries on the system.
Ensure
accurate posting of journals entries on the system.
·
Preparation
of requisite schedules for the annual audit
Preparation
of requisite schedules for the annual audit
·
Ensure
maintenance of and adherence to UBA Group and UBA Uganda accounting policies
and procedures.
Ensure
maintenance of and adherence to UBA Group and UBA Uganda accounting policies
and procedures.
·
Provision
of technical advice and accounting support to other Functional Units
Provision
of technical advice and accounting support to other Functional Units
·
Keeps
and ensures an accurate and complete fixed asset register
Keeps
and ensures an accurate and complete fixed asset register
·
Playing
a leading role in coaching and developing his/her team
Playing
a leading role in coaching and developing his/her team
Financial Planning Aspects (5%)
·
Participate
in setting the UBA Uganda strategy and objectives.
Participate
in setting the UBA Uganda strategy and objectives.
·
Preparation
of 3-year rolling forecast by taking the ideas and strategy and
translating them into meaningful financial information such as profitability,
balance sheet growth, growth impacts, and capital requirements.
Preparation
of 3-year rolling forecast by taking the ideas and strategy and
translating them into meaningful financial information such as profitability,
balance sheet growth, growth impacts, and capital requirements.
·
Preparation
of key macro and micro assumptions for input into the planning and budgeting
process.
Preparation
of key macro and micro assumptions for input into the planning and budgeting
process.
·
Overall
management, co-ordination and preparation of the annual business plan, capital
expenditure, operating budget and periodic revised estimates
Overall
management, co-ordination and preparation of the annual business plan, capital
expenditure, operating budget and periodic revised estimates
·
Challenge
the plans of business units and integrate those plans into the UBA plan.
Challenge
the plans of business units and integrate those plans into the UBA plan.
Performance Management (5%)
·
Develop
and implement reporting of key management information (MI) ensuring data integrity
and timely communication to relevant stakeholders.
Develop
and implement reporting of key management information (MI) ensuring data integrity
and timely communication to relevant stakeholders.
·
Develop
performance benchmarks for business units and UBA and monitor performance
against these.
Develop
performance benchmarks for business units and UBA and monitor performance
against these.
·
Drive
the required business analysis and related process for making recommendations
for new or improving performance opportunities.
Drive
the required business analysis and related process for making recommendations
for new or improving performance opportunities.
·
Manage
performance against the budget for each business units and UBA Uganda as a
whole.
Manage
performance against the budget for each business units and UBA Uganda as a
whole.
·
Discuss,
plan, and monitor interventions to keep the business units on budget
Discuss,
plan, and monitor interventions to keep the business units on budget
·
Providing
detailed monthly performance statements (MPR) and analysis for business units,
and UBA Uganda as a whole.
Providing
detailed monthly performance statements (MPR) and analysis for business units,
and UBA Uganda as a whole.
·
Investigation
of variances and recommending remedial measures where necessary
Investigation
of variances and recommending remedial measures where necessary
·
Identify
areas of performance shortfall and propose corrective interventions to UBA
Uganda management team.
Identify
areas of performance shortfall and propose corrective interventions to UBA
Uganda management team.
·
Preparing
finance’s input for Board papers detailing and analysing actual performance
against budget
Preparing
finance’s input for Board papers detailing and analysing actual performance
against budget
·
Preparing
SBU performance statements for submission to EXCO and CFO Africa
Preparing
SBU performance statements for submission to EXCO and CFO Africa
·
Market
share and competitive analysis
Market
share and competitive analysis
Adhoc Assignments:
·
Participate
in any report compilation, generation and delivery to internal and external
customers including regulatory authorities.
Participate
in any report compilation, generation and delivery to internal and external
customers including regulatory authorities.
·
Prepare
assigned Group and Bank of Uganda (BoU) reports
Prepare
assigned Group and Bank of Uganda (BoU) reports
·
Prepare
Reports with finality and precision on strategic positioning
Prepare
Reports with finality and precision on strategic positioning
·
Review
departmental work to meet the check marker requirement
Review
departmental work to meet the check marker requirement
·
Serve
as secretary to the Performance management meeting (MPR)
Serve
as secretary to the Performance management meeting (MPR)
Staff Management: Playing
a leading role in coaching, developing and transferring knowledge to the team.
a leading role in coaching, developing and transferring knowledge to the team.
Qualifications, Skills and
Experience:
Experience:
·
The Financial
Reporting Officer must hold professional
accountancy qualification
The Financial
Reporting Officer must hold professional
accountancy qualification
·
A minimum
of two years of post qualification experience.
A minimum
of two years of post qualification experience.
·
Experience
in change management, with ability to positively lead change
Experience
in change management, with ability to positively lead change
·
An
appreciation and a good understanding of macro economics and external factors
affecting the business strategies adopted, and market serviced by UBA.
An
appreciation and a good understanding of macro economics and external factors
affecting the business strategies adopted, and market serviced by UBA.
·
Broad
knowledge and understanding of the importance of planning and budgeting
in the bank’s overall business strategy
Broad
knowledge and understanding of the importance of planning and budgeting
in the bank’s overall business strategy
·
Ability
to analyse and evaluate data for acceptability and correctness.
Ability
to analyse and evaluate data for acceptability and correctness.
·
Analytical
mind with strong orientation to financial analysis.
Analytical
mind with strong orientation to financial analysis.
·
Ability
and experience in communicating with all levels of management regarding
management information needs.
Ability
and experience in communicating with all levels of management regarding
management information needs.
·
Good
interpersonal skills required in liaising with people at different levels
within the bank.
Good
interpersonal skills required in liaising with people at different levels
within the bank.
·
Willingness
to get involved in detail
Willingness
to get involved in detail
·
Good
planning and organisation skills.
Good
planning and organisation skills.
·
Strong
report writing skills.
Strong
report writing skills.
·
Dynamic
self-starter with a personal ambition to succeed.
Dynamic
self-starter with a personal ambition to succeed.
·
Ability
to work under pressure to meet tight deadlines.
Ability
to work under pressure to meet tight deadlines.
·
A
person with high integrity.
A
person with high integrity.
·
Excellent
computer skills particularly in MS Word, MS Excel and MS Access, Power Point.
Excellent
computer skills particularly in MS Word, MS Excel and MS Access, Power Point.
·
Broad
knowledge and understanding of banking and the underlying key performance
drivers
Broad
knowledge and understanding of banking and the underlying key performance
drivers
·
Previous
financial Modeling and data mining experience
Previous
financial Modeling and data mining experience
·
Computer
literacy and knowledge of personal computers and software packages such as MS
Word, MS Excel, MS PowerPoint, MS Access.
Computer
literacy and knowledge of personal computers and software packages such as MS
Word, MS Excel, MS PowerPoint, MS Access.
·
Good
communication and presentation skills for information to be consumed at senior
level
Good
communication and presentation skills for information to be consumed at senior
level
·
Positive
thinking
Positive
thinking
·
A
dependable team player, and adaptable
A
dependable team player, and adaptable
·
Good
written, spoken and interpersonal and skills
Good
written, spoken and interpersonal and skills
·
Willingness
to learn with a positive attitude
Willingness
to learn with a positive attitude
·
Should
demonstrates traceable academic and professional report writing competencies
Should
demonstrates traceable academic and professional report writing competencies
·
Good
listener with easy hands on as a trainer, and apply new skills.
Good
listener with easy hands on as a trainer, and apply new skills.
·
Ability
to learn; and always keen to ensure that tasks are resolved within
stipulated time frames.
Ability
to learn; and always keen to ensure that tasks are resolved within
stipulated time frames.
·
Must
take work seriously, with sound and accurate judgment in decision making.
Must
take work seriously, with sound and accurate judgment in decision making.
·
Ability
to work unconstrained in order to meet timelines.
Ability
to work unconstrained in order to meet timelines.
·
Excellent
interpersonal and teamwork skills.
Excellent
interpersonal and teamwork skills.
·
Keen
attention to detail
Keen
attention to detail
How to Apply:
All suitably qualified and interested candidates should send their
applications, updated CVs and copies of academic documents to [email protected]
applications, updated CVs and copies of academic documents to [email protected]
Deadline: 25th
November 2016
November 2016
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