Job Title: Financial Accountant
Organization: UGAFODE
Microfinance Limited (MDI)
Microfinance Limited (MDI)
Duty Station: Kampala,
Uganda
Uganda
Reports to: Head
of Finance
of Finance
About US:
UGAFODE Microfinance
Limited (MDI) is a registered financial institution in Uganda and is adherent to
the Central Bank’s regulations and guidelines and was founded in 1994 to
provide quality microfinance services.
Limited (MDI) is a registered financial institution in Uganda and is adherent to
the Central Bank’s regulations and guidelines and was founded in 1994 to
provide quality microfinance services.
Job Summary: The Financial Accountant will report to the
Head of Finance, supervise the Accounts Officers and will be responsible for:
Head of Finance, supervise the Accounts Officers and will be responsible for:
·
Preparing
financial reports that provide information about a firm’s performance to
external parties such as investors, creditors, and tax authorities.
Preparing
financial reports that provide information about a firm’s performance to
external parties such as investors, creditors, and tax authorities.
·
Ensuring
UGAFODE’s financial statements are correct and in adherence with accounting
principles and regulatory rules.
Ensuring
UGAFODE’s financial statements are correct and in adherence with accounting
principles and regulatory rules.
Key Duties and Responsibilities:
Statutory Accounts
and Interim Audits:
and Interim Audits:
·
Preparation
of end of year statutory accounts in line with IFRS, MDI Act, 2003, MDI
Regulations 2004 & the Companies Act reporting requirements
Preparation
of end of year statutory accounts in line with IFRS, MDI Act, 2003, MDI
Regulations 2004 & the Companies Act reporting requirements
·
Dealing
with external auditors during the interim and final audit, coordinate responses
to Management letter issues and track implementation of the recommendations.
Dealing
with external auditors during the interim and final audit, coordinate responses
to Management letter issues and track implementation of the recommendations.
External reporting
as assigned:
as assigned:
·
Prepare
all regulatory reports for Bank of Uganda with accuracy and timely reporting
Prepare
all regulatory reports for Bank of Uganda with accuracy and timely reporting
·
Prepare
monthly reports to lenders
Prepare
monthly reports to lenders
·
Adhoc
reports to stake holders including lenders.
Adhoc
reports to stake holders including lenders.
·
Carry
out system report reviews to ensure accuracy which may include suspended interest, interest
receivable, loan portfolio reports etc.
Carry
out system report reviews to ensure accuracy which may include suspended interest, interest
receivable, loan portfolio reports etc.
Payroll and Staff
Benefits:
Benefits:
·
Review
of the payroll to ensure that all salary deductions are applied as per statutory
requirements and as per HR policy and remitted on time.
Review
of the payroll to ensure that all salary deductions are applied as per statutory
requirements and as per HR policy and remitted on time.
·
Verification
of salary advances and staff loans to ensure strict conformity with policies
and procedures.
Verification
of salary advances and staff loans to ensure strict conformity with policies
and procedures.
Taxation issues:
·
Ensuring
proper deduction and remittance of VAT, Withholding tax on suppliers’ payments,
service providers, UGAFODE Microfinance Limited Microfinance investments and
clients’ savings.
Ensuring
proper deduction and remittance of VAT, Withholding tax on suppliers’ payments,
service providers, UGAFODE Microfinance Limited Microfinance investments and
clients’ savings.
·
Tax
planning: Preparation of the Corporation tax computations – provisional and
final as required by law and ensuring relevant payments are made timely.
Tax
planning: Preparation of the Corporation tax computations – provisional and
final as required by law and ensuring relevant payments are made timely.
Fixed assets
management:
management:
·
Preparing
a summarized fixed asset register for annual accounts
Preparing
a summarized fixed asset register for annual accounts
·
Ensure
that the fixed assets are well recorded , management of items for disposal and
maintaining a register of the same
Ensure
that the fixed assets are well recorded , management of items for disposal and
maintaining a register of the same
·
Ensure
that physical verification of assets- stock taking is done, all sets are
engraved and asset coordinating of asset movement forms/registers as per
policy.
Ensure
that physical verification of assets- stock taking is done, all sets are
engraved and asset coordinating of asset movement forms/registers as per
policy.
·
Ensuring
insurance of various items. Ensure all assets are insured including cash.
Ensuring
insurance of various items. Ensure all assets are insured including cash.
Other activities:
·
Ensuring
timely responses and provision of information required by stake holders.
Ensuring
timely responses and provision of information required by stake holders.
·
Review
and verify and monitor various general ledger accounts: to ensure they are
properly maintained with schedules.
Review
and verify and monitor various general ledger accounts: to ensure they are
properly maintained with schedules.
·
Supervise
the work done by accounts officers, verifying all reconciliations done to
ensure accuracy and alignment with policy requirements.
Supervise
the work done by accounts officers, verifying all reconciliations done to
ensure accuracy and alignment with policy requirements.
·
Any
other duty as may be assigned from time to time.
Any
other duty as may be assigned from time to time.
Qualifications, Skills and Experience:
- The ideal candidate for the UGAFODE Financial
Accountant job must possess a Bachelor’s degree in Accounting or
Finance from a reputable university or college.·
Professional
Accounting Certification e.g. CPA, ACCA - Advanced knowledge of related statutory and regulatory banking compliance regulations,
accounting principles, and tax laws - Expert knowledge in financial modeling in spreadsheets with good
analytical skills - Should
have experience in good financial reporting skills including statutory and
Board reporting. - Excellent
oral, written and interpersonal communication skills with the ability to carry
out instructions and instruct others, interpret documents, understand
procedures, write reports and correspondence, speak clearly to third parties
and employees - Self-motivated
team player with the ability to adapt and work co-operatively and effectively
in different situations and teams to carry out assigned task - Ability
to lead, supervise, train, and foster the development of direct reporting
staff, providing feedback, support and encouragement - Ability
to build and maintain effective relationships with individuals and team as a
whole - Excellent
organization, delegation, performance management, and time management skills - Only
persons with High level of integrity as advised to apply.
How to Apply:
Interested
persons who meet the above criteria should submit their motivation letters
together with an up to date CV to our email only: [email protected]
(please indicate the position you are applying for in the Subject Line “Application
for Financial Accountant”). Applications should be addressed to the Head of
Human Resources.
persons who meet the above criteria should submit their motivation letters
together with an up to date CV to our email only: [email protected]
(please indicate the position you are applying for in the Subject Line “Application
for Financial Accountant”). Applications should be addressed to the Head of
Human Resources.
Deadline: 5th November 2018
NB: UGAFODE
Microfinance Limited (MDI) is an equal opportunities employer. Only shortlisted
candidates will be contacted.
Microfinance Limited (MDI) is an equal opportunities employer. Only shortlisted
candidates will be contacted.
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