Job Title: Manager Finance and Accounting
Organisation: Uganda Institute of Banking and Financial Services (UIBFS)
Duty Station: Kampala, Uganda
Reports to: Director Corporate Services
About US:
Uganda Institute of Banking and Financial Services (UIBFS) is a Centre of Excellence in Financial Services Training in Uganda. The Institute is designed to promote professionalism, and inclusion through market-led training, research, and consultancy to providers and users of financial services. The Institute’s training programs cover Professional, Short & Executive, Specialized, and Post Graduate Courses.
Job Summary: The Manager Finance and Accounting is responsible for overseeing the financial management, reporting, and compliance functions of the Institute and ensures effective financial planning, budgeting, and implementation of internal controls.
Key Duties and Responsibilities:
- Lead the development of annual budgets and financial forecasts in collaboration with department heads.
- Monitor budget performance, identify variances, and recommend corrective actions.
- Develop, implement, and monitor internal control systems to safeguard financial assets.
- Ensure cost control and efficiency in resource allocation.
- Oversee the preparation of financial statements, including income statements, balance sheets, and cash flow reports.
- Ensure timely and accurate financial reporting in compliance with accounting standards and regulatory requirements.
- Provide financial analysis and insights to support strategic decision-making.
- Maintain the general ledger and oversee monthly, quarterly, and annual financial close processes.
- Ensure compliance with all tax laws, statutory regulations, and financial reporting requirements. Manage timely payments of statutory obligations ie NSSF, Payee etc.
- Liaise with Internal and external auditors, tax authorities, and regulatory bodies, ensuring timely payments and adherence to local and international financial regulations.
- Conduct periodic risk assessments and ensure mitigation strategies are in place.
- Manage cash flow to ensure the organization has adequate liquidity to meet its obligations.
- Oversee banking relationships and optimize investment and financing options.
- Timely collections from the Institute’s debtors, monitor debt obligations to creditors and fina and insights to senior management and the Board of Directors.
Critical Outputs
- Annual Budget & Financial Forecasts produced on time.
- Ensure adherence to financial policies, procedures, and best practices.
- Timely Weekly and Monthly reports.
- Accurate and Timely Financial Reports
- Effective Budgeting and Cost Management
- Regulatory and Tax Compliance
- Robust Internal Controls and Risk Management
- Efficient Treasury and Cash Flow Management
- Stakeholder Engagement and Financial Strategy Support
- Monthly Budget performance reports produced
- Insights and recommendations to support strategic decision-making.
- Timely payment and documentation of NSSF, PAYE, VAT, and other statutory obligations.
- Successful internal and external audit reports with minimal non-compliance issues.
- Timely collection and payment schedules with minimal overdue balances.
Qualifications, Skills and Experience:
- Bachelor’s degree in accounting, Finance, Business Administration, or a related field.
- Professional certification such as CPA, ACCA, or CFA is required.
- Strong knowledge of IFRS and local tax regulations.
- Experience with financial management systems and accounting software (ie Tally and QuickBooks).
Work Experience
- Minimum of 7 years of experience in financial management, with at least 3 years in a leadership role.
Key Skills and Competencies
- Strong Analytical skills
- High integrity and ethical financial management.
- Attention to detail
- Leadership and team management.
- Time management and multi-tasking.
- Financial Planning & Budgeting and Reporting
- Cash Flow & Liquidity Management
- high level of proficiency in the use of computer applications especially spreadsheets and databases
- Computerized accounting systems
How to Apply:
All candidates should apply online at the link below.
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