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Job Title:    Finance Director

Organisation: SPOUTS

Duty Station:  Nsambya,
Kampala, Uganda

Job Duration:
Full Time

Compensation: Commensurate
with experience.

Benefits:
Health insurance and comprehensive benefits

 

About US:

SPOUTS is a social
venture that locally manufactures and distributes effective ceramic water
filters to improve the access to clean drinking water sustainably in Uganda. In
addition, we locally manufacture free hand-washing stations to improve access
to hygiene.  Our mission is to provide
clean drinking water and hygiene services to all East Africans.

 

We currently sell
multiple water filter products under the brand name “Purifaaya”.  The Purifaaya provides financial, social, and
health benefits for its customers in addition to environmental benefits.

 

Since SPOUTS sold
its first Purifaaya in 2015, it has distributed 60,000+ filters to East Africa
providing over 350,000 end-users with long-term access to clean drinking
water.  SPOUTS is a rapidly-growing
organization with over 120 employees and the next step is to scale its
operations across all of East Africa to provide all with clean drinking water.

 

Job Summary:  The Finance Director will oversee financial
operations for our organization as we expand across all regions in Uganda and
East Africa.  The Finance Director will
head the annual budget and will support the CEO in managing the relationships
with its investors to help create a sustainable, impact-driven enterprise. The
Finance Director will carry a lot of responsibility when it comes to creating a
seamless entity that carries out its manufacturing, marketing, sales and
operations while helping to increase access to those who need it most. The
Finance Director will help shape a growing organization and build a rewarding
long-term career. The Finance Director will report directly to the CEO and will
work closely with all department heads.

 

Key Duties and Responsibilities:  

·       
Design
and implement long-term business strategies, plans and procedures to steer the
company’s future in a positive direction. 
Assess and manage the principal risks of the business within operations.

·       
Lead,
implement and maintain financial policies, planning and reporting processes to
sustain the financial health of the company

·       
Contribute
as a member of management to SPOUTS’ strategic planning and decision making.

·       
Assist
senior management and the Board by providing and interpreting relevant
financial information to support effective decision making and reporting
activities.

·       
Keep
senior management abreast of the organisation’s financial status and
effectively communicate critical financial matters in a timely manner.

·       
Oversee
and lead annual budgeting and planning processes in conjunction with the
Director/s and other financial planning efforts.

·       
Develop
external relationships with appropriate contacts eg bankers, partners,
investors, government representatives and funding organisations.

·       
Oversee
operations of the Finance Department, set goals and objectives and design a
framework for these to be met.

·       
Arrange
new sources of finance to support the company’s growth needs.

·       
Establish
and maintain controls and financial management mechanisms to mitigate risks and
ensure proper use of resources.

·       
Implement
and update business policies and accounting practices in line with
international practices for financial management and other compliance
requirements.

·       
Conduct
reviews and evaluations for cost-reduction opportunities and introduce tactical
initiatives to address risks realized in the field.

·       
Keep
abreast of change in financial regulations and legislation and implement
changes in business practice as required.

·       
Manage
all financial internal controls. 

·       
Overseeing
audit and tax functions. Liaise with auditors to ensure annual monitoring is
carried out.

·       
Establish
policies that promote company culture and vision.

·       
Financial
Reporting and Analysis

·       
Prepare
timely, detailed reports on financial performance on a quarterly, annual basis
and conduct analysis to make forecasts and report to upper executives.

·       
Create/develop
appropriate reports and analysis on topics like operational and financial
efficiency, liquidity, credit, product costing, plan-fact comparison,
historical performance, etc.

·       
Analyze
financial data and develop financial analysis as a key management tool.
Translate data into actionable measures that reduce risks, improve efficiency,
reverse negative tendencies, or exploit new opportunities.

·       
Direct
the development of operational and financial reports and metrics to keep key
stakeholders informed and current on activities across all markets.

·       
Training
and leading Accounting and Finance teams towards meeting deadlines and various
milestones.  

·       
Lead
employees to encourage maximum performance and dedication by employing various
initiatives to coach employees to optimize their capabilities.

·       
Establish
and implement a training program for new finance employees.

·       
Appropriately
and effectively delegate responsibility.

·       
Complete
performance reviews in a prudent manner

·       
Compliance
and Audit

·       
Ensure
compliance with financial covenants in agreements with creditors, partners,
investors and donors.

·       
Use
possibilities of IT most efficiently; propose modifications to IT
programs/procedures that increase efficiency and/or lower risk.

·       
Facilitate
internal and external audits.

·       
Prepare
annual financial statements for the auditors.

·       
Assist
leadership team in fundraising ventures

·       
Develop
a corporate fundraising strategy and manage relationships with partners and
investors.

·       
Demonstrate
corporate responsibility

·       
Always
act in a manner consistent with SPOUTS’ values.

·       
Comply
with the SPOUTS’ standards of conduct and all applicable policies and
legislation.

·       
Represent
SPOUTS in public and official forums, functions and joint ventures as required.

 

Key Deliverables

·       
Monthly
financial reporting

·       
Annual
external audit

·       
Accounts
payable and payroll; accounts receivable and billing

·       
Cash
management

·       
Budgeting
and budget tracking

·       
Liabilities
management

·       
Daily,
weekly and monthly reconciliations of bank, inventory, payables and receivables

·       
Tax
management

 

Qualifications, Skills and Experience:

·       
The
ideal candidate must hold a Bachelor’s degree in accounting, business, or
finance. A Master’s degree in these areas is advantageous.

·       
Certified
accountant (ACCA, CPA, or chartered accountancy)

·       
At least
five years in financial control or financial management/director, preferably
within high-growth D2C (direct-to-consumer) sales and service companies or
sectors such as in banking and insurance.

·       
Proven
track record of outstanding performance in a previous complex enterprise

·       
Proven
track record of managing complex budgets successfully

·       
Working
knowledge of data analysis and performance/operation metrics

·       
Ability
to make business projections three years into the future

·       
Language
Skills: Excellent written and
oral English language abilities are required. Proficiency in Luganda or other
Ugandan languages is desired but not strictly necessary

·       
Computer
Skills

·       
Proficient
in MS-Office Suite (especially Excel)

·       
Proficient
in QuickBooks or similar accounting systems

·       
Good
understanding of information systems as relates to financial management

 

Competencies: To
perform the job successfully, an individual should demonstrate the following
competencies:

·       
Analytical.
Synthesizes complex or diverse information; collects and researches data; uses
intuition and experience to complement data; designs workflows and procedures.

·       
Business
Acumen. Demonstrates knowledge of working procedures; aligns work with
strategic goals; understands implications of decisions; demonstrates knowledge
of market and competition.

·       
Teamwork.
Open to others’ views; contributes to building a positive team spirit;

·       
Interpersonal
Skills – Focuses on solving conflict, not blaming; maintains confidentiality;
listens to others without interrupting; keeps emotions under control; remains
open to others’ ideas and tries new things.

·       
Managing
People – Includes staff in planning, decision-making, facilitating and process
improvement; Takes responsibility for subordinates’ activities; makes
self-available to staff; provides regular performance feedback; develops
subordinates’ skills and encourages growth; solicits and applies customer
feedback (internal and external); fosters quality focus in others; improves
processes, products and services.; continually works to improve supervisory
skills.

·       
Quality
Management. Looks for ways to improve and promote quality; demonstrates
accuracy and thoroughness; fosters quality focus in subordinates; monitors own
work to ensure quality

·       
Ethics.
Treats people with respect; keeps commitments; inspires the trust of others;
works with integrity and ethically; upholds organizational values, policies and
procedures

·       
Organizational
Support. Follows policies and procedures; supports organization’s goals and
values

·       
Adaptability.
Adapts to changes in the work environment; Manages competing demands; changes
approach or method to best fit the situation; able to deal with frequent
change, delays, or unexpected events.

·       
Professionalism.
Approaches others in a tactful manner; reacts well under pressure; treats
others with respect and consideration regardless of their status or position;
accepts responsibility for own actions; Follows through on commitments.

·       
Cost
Consciousness. Works within approved budget; develops and implements
cost-saving measures; contributes to profits and revenue; conserves
organizational resources.

·       
Oral
Communication. clear and persuasive speaker; listens and gets clarification;
demonstrates group presentation skills; participates in meetings

·       
Written
Communication. Writes clearly and informatively; presents numerical data
effectively.

 

How to Apply:

All candidates
should send their application letters, CVS and relevant academic documents
should be sent online at the link below. 

Click Here

Deadline: Wednesday, 10th March 2021

 

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