Head Finance and Accounting Job Placement – Kilembe Investments Ltd (K.I.L)

Job Title:        Head Finance and Accounting
Organization: Kilembe
Investments Ltd (K.I.L)
Duty Station: Uganda
Reports to: Chief Executive
About US:
Kilembe Investments Limited (K.I.L) is a Public Liability Limited
company that is involved in the distribution and sale of electricity in six
districts in the Western Service Territory in Uganda. The company has enjoyed
unprecedented growth and expansion in the last seven years.
Job Summary: The Head
Finance and Accounting will be tasked with formulating and maintaining a professionally
watertight financial management system; ensuring proper inventory management;
ensuring safe tracking and management of assets and liabilities so that K.I.L
is solvent at all times.
Key Duties and
  • The jobholder will develop and maintain
    timely and accurate financial statements and reports that are appropriate
    for the users and in accordance with generally accepted accounting
  • Develop, implement, and ensure compliance
    with internal financial and accounting policies and procedures.
  • Set targets for all departmental staff and
    carry out performance appraisal in collaboration with the head of Human
    Resource. Delivers gross-profit plans by forecasting and developing annual
    sales quotas for branch staff, monitoring sales volume and profit. Ensure
    that all statutory requirements of KIL are met including Withholding Tax
    Payments, Income Tax, P.A.Y.E. and Local Services Tax.
  • Prepare all supporting information for the
    annual audit with the approved external auditors.
  • Prepare all returns for authorities such
    as Uganda Revenue Authority, NSSF and Municipal Council.
  • The incumbent will document and maintain
    complete and accurate supporting information for all financial
  • Develop and maintain financial accounting
    systems for cash management, accounts payable, accounts receivable, credit
    control, and petty cash.
  • Reconcile bank and investment accounts;
    and manage cash flow. Review monthly results and implement monthly
    variance reporting as compared to budget.
  • Manage the cash flow and prepare cash flow
    forecasts in accordance with policy.
  • Manage the bookkeeping function, including
    maintenance of the general ledger, accounts payable, accounts receivable
    and payroll using a custom Accounting Package.
  • Support the CEO and Board Finance
    Committee Chairperson with financial reporting as required at Board
    meetings and provide advice to support the decision making process.
  • Assist the HR in executing payroll
    functions to ensure that employees are paid in a timely and accurate
  • Offer support in financial projections as
    basis of negotiations and managing the employee defined contribution
    schemes and benefits plans (e.g. NSSF).
  • Manage the processing and submission of
    statutory and benefits remittances on time.
Key Result Areas:
  • Overseeing Management of receipts and
  • Overseeing Banking and withdrawals.
  • Preparing budgets and financial
  • Appraisal of requisitions within budget.
  • Proper Stores management.
  • Forecasts department requirements,
    initiates annual budget » proposals, schedules, expenditures, tracks
    budget for timely corrective action.
  • Management of procurement and disposal of
  • Oversee Petty cash management.
  • Provide dual control and budgetary
    authorization over payroll administration.
  • Oversee maintenance of premises, plant and
Qualifications, Skills and
  • The Head Finance and Accounting must hold
    a university degree in accounting or business Administration specializing
    in Accounting and a Postgraduate Diploma in Financial Management or partial
    CPA/ACCA/ICPAU qualification from a recognized Institution.
  • Membership to a professional body like
    CPA, ACCA, ICPAU is desirable
  • Possession of a Master’s degree, say MBA
    with a Financial Management/ accounting major is an added advantage.
  • Excellent track record in accounting at
    middle or at top-management level not less than 2 years in a busy
  • Age: 30-50 years
How to Apply:
All suitably qualified and interested candidates should send their
handwritten applications, with updated CVs, indicating daytime telephone
number(s), contact addresses, Two recent passport size photographs plus, copies
of Certificates/testimonials addressed to:
The Head, Human Resource & Administration,
Kilembe Investments Ltd,
Plot 47, Rwenzori Road
P. O. Box 341, Kasese.
Deadline: 16th January,
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