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Job Title:  Financial Officer (Fresher Jobs)    

Organisation: DFCU Bank

Duty Station:  Kampala, Uganda

Reports to: Financial Controller

About US:

DFCU Bank is a fast growing commercial bank offering a variety of innovative products and services. DFCU Limited was started by the Commonwealth Development Corporation (CDC) of the United Kingdom and the Government of Uganda through the Uganda Development Corporation (UDC) under the name of Development Finance Company of Uganda Limited. Later restructuring brought in DEG (of Germany) and International Finance Corporation (IFC) as equal partners with CDC and UDC, each having a 25% stake in the company. Its objective was to support long-term development projects whose financing needs and risk did not appeal to the then existing financial commercial lending institutions.

Job Summary: Reporting to the Financial Controller, the Financial Officer will be responsible for processing financial transactions, collate balance sheet reconciliations and provide timely, accurate and reliable management information in line with the internal and regulatory guidelines.

Key Duties and Responsibilities:

• Prepare payment vouchers for all supplier invoices and staff advances and claims in a timely manner, attaching all the necessary support and approvals in accordance with approved policies and procedures.
• Prepare expenditure analysis on opex and capex (actual vs budget) for all departments, while highlighting exceptional approvals.
• Prepare monthly management accounts and all related schedules including insightful commentary in line with management requirements.
• Provide detailed analysis and interpretation of revenue and cost patterns in the Bank.
• Preparation of timely and accurate BoU returns (daily, weekly, monthly, and quarterly reports).
• Accurate preparation and timely filing of tax returns and payments including VAT, WHT, excise duty and stamp duty).
• Carry out the annual fixed assets verification across the Bank and maintain the fixed assets register and updates (write-offs, disposals, additions, tag references) to minimise loss.
• Co-ordinate with procurement on disposal of assets.
• Implement recommendations from tax and audit reviews.
• Prepare monthly BS dashboard for all GL accounts (head office and branches) to readily identify areas of concern and follow up of issues arising.
• Maintain reconciliation schedules for borrowers and long-term funds in line with the funder’s requirements.
• Maintain tracker on funding mix and interest expense.
• Consolidate the overhead budget submissions for the entire bank for submission to Financial Planning and Analysis to incorporate into the final budget.

Qualifications, Skills and Experience:

• The applicant for the DFCU Bank job must hold be a University graduate in Accounting or Finance.
• Part qualification in an accounting certification with a recognized institute (ACCA, CPA, CFA).
• At least two years of experience in accounting preferably in the financial services sector.
• Industry knowledge of the banking sector, knowledge of IFRS and Ugandan tax legislation, and Financial Institutions Act (FIA) 2004 and amendments.
• Fluency in spoken/written English.
• Good computer literacy with excellent use MS Office.
• Good computer literacy with excellent use of MS Office.
• Strong analytical and numeracy skills
• Good communication, negotiation, and interpersonal skills
• Proactive self-starter able to work under own initiative.

How to Apply:

If you believe you meet the requirements as noted above, please forward your application with a detailed CV including present position and copies of relevant professional/academic certificates (University Transcript, O & A level), to the email address indicated below.

Vacanciesbank@dfcugroup.com

Deadline: 27^th December 2023

Disclaimer: dfcu Bank does not solicit/accept payment in cash/kind from prospective candidates in exchange for shortlisting or job placement. Any candidate who engages in this kind of transaction is aiding and abetting fraud and will be automatically disqualified.

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