The Ugandan Jobline

Job Title: Manager- Revenue Assurance

Organisation: National Social Security Fund (NSSF)

Duty Station:  Kampala, Uganda

Reports To: Financial Controller

About US:

National Social Security Fund (NSSF) is positioning itself as the Social Security Provider of Choice in Uganda. With our shared purpose of being the Social Security Provider of choice, providing exceptional customer service and better operations with a well-motivated and skilled workforce, we are looking to recruit persons with high integrity and dedication to work with us.

Job Summary:  The jobholder is responsible for managing the overall Fund Revenues for all investment classes of Fixed income, Equity and Real Estate and has the primary day-to-day responsibility of overseeing fund debtors. The jobholder also plays a fundamental role in the preparation of Financial Statements

Key Duties and Responsibilities:

• Increase customer satisfaction; Roll out communication programs for timeliness and accuracy of periodic investments and revenue reports.
• Increase profitability, increase revenues, maximize revenue collection. Generate cost reduction initiative.
• Undertake Business process engineering and improve productivity.
• Supervise Investments and treasury back office function
• Ensure all investments are fully authorized as per investments policy before being booked in the accounting system.
• Creation of fixed income customers in the system.
• Ensuring all the investment principles for the three investment classes are accurately and timely booked in the system.
• Review the booked transactions and update them to the General ledger for fixed income investments and staff mortgages.
• Monitoring of all investments and their maturity dates to ensure that accurate amounts are settled and on time to increase the pool of funds available for investment.
• Ensuring that all recalled funds are receipted and accurately applied to open invoices that they relate to in the system.
• Ensure all rolled over investments accurately comply with the new terms of investments to boost revenue collections.
• Follow up with banks to ensure all supporting documentation to investments is received and tally with the agreed terms.
• Ensure safe custody of all investment documentation.
• Monitoring of both local and foreign money markets.
• Monthly obtaining of prevailing forex rates and update in the system to revalue all foreign currency denominated assets.
• Ensure timely reconciliation of the investments to the General Ledger and are supported with certificates of deposits.
• Preparation of weekly and monthly fixed income reports.
• Ensure adequate financial procedures are in place before equity transactions are booked in the system.
• Creation of equity customers in the system
• Ensure timely and accurate booking of all equity purchases and/or disposals.
• Monitoring of the Stock Markets, Uganda Securities Exchange, Nairobi Stock Exchange and Rwanda Stock Exchange to ensure accurate revaluation of equities and restatement in the system.
• Ensuring all information obtained from the brokers is accurate and the commissions charged are as per agreed terms and conditions.
• Liaising with stockbrokers and custodians on all new purchases and disposals to ensure that the information provided tallies with the actual movement of funds on the bank statement
• Liaising with our associates to ensure that all the financial information provided from their side is accurately and timely recorded in the system.
• Making accurate and timely provisions for dividends declared and follow up of payments when they fall due.
• Reconciliation of equity ledgers, capital gains, losses and dividend ledgers.
• Preparation of monthly equity reports.
• Ensure reconciliation of Fund Managers and Custodian reports.
• Ensuring payment documents for real estate are properly authorized.
• Ensure timely revaluation of investment properties and restatement in the system.
• Writing terms of reference for revaluation requirements.
• Preparation of monthly real estate report.
• Ensuring the section and the department is applying all relevant accounting standards appropriately
• Ensuring accurate recording of all accrued interest, rental invoices and dividend income.
• Ensuring maximization of revenue collections.
• Ensuring the agreed rates of interest is applied to the correct principal placements and to the right banks.
• Review of captured invoices and receipts and update them in the system to the General ledger.
• Ensuring that accurate interest is timely paid on all investments.
• Ensuring reconciliation of interest, rent and dividend income to income receivable.
• Ensure all tenants have valid tenancy agreements.
• Ensure timely billing and collection of all rent and utilities.
• Ensuring reconciliation between our records and the property agents.
• Enforcement and initiation of penalties of non-complying tenants.
• Alerting the Property Manager and Letting Agent of defaulting tenants.
• Ensure accurate and timely booking of recoveries.
• Follow up defaulting debtors and forward to Legal department for re-enforcement.
• Ensure automation of the investments, reconciliation and revenue processes.
• Review and recommend, as needed, modifications to the existing system to improve efficiency.
• Supervise Revenue staff and ensure that they are performing at acceptable levels and conforming to the company’s policies and procedures.
• Conduct analytical reviews of business performance areas and avail value-adding advice.
• Identify areas of opportunity to derive key insights for value addition
• Proficient in customer and client handling to enable relationship management
• Prepare reports and conduct presentations on output to clients and stakeholders.
• Ensure preparation of Financial Statements in accordance with the relevant accounting standards.
• Ascertain compliance of finance policies and procedures to relevant laws and guiding principles
• Knowledgeable in Oracle system performance and advise on key customizations to improve efficiencies.
• Review and recommend, as needed, modifications to the existing system to improve efficiency.

Qualifications, Skills and Experience:

• The ideal applicant must hold a good bachelor’s degree in a numerical field and professional qualification in accounting like ACCA, CPA. A degree in Master of Business Administration is an added advantage
• At least five years work experience with at least 2 at a Managerial Level practising accounting concepts
• High analytical skills and ability to deal with figures.
• Integrity and confidentiality as the job exposes one to very confidential income and investment information.
• Good oral and written communication skills to clients and be able to interact with diversity of individuals.
• Supervisory and Leadership skills.

How to Apply:

All interested candidates should send copies of academic credentials, application letters and detailed CVs addressed to recruitment@nssfug.org for registration and onward transmission.

Please note that canvassing or lobbying will lead to the automatic disqualification of the candidate.

Deadline: 21^st January 2022

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