Job Title: Finance Associate (Fresher Jobs)
Organisation: Turaco
Duty Station: Kampala, Uganda
About Organisation:
Turaco is a fast-growing financial services start-up in East Africa that is bringing a new model to health and risk financing for emerging customers. Turaco is a subscription-based insurance for the mass market bundled with regular transactions that people are already doing. Turaco works through business partnerships to offer affordable insurance products that add real value to people’s lives. At Turaco we value simplicity, communication and transparency and strive to transform the way insurance works. When it comes to claims, our goal is to pay out, and fast. Since launching in Feb 2019, Turaco has acquired 20,000+ end users. Over the next 24 months, that will grow to 500,000+ end users. We are growing very fast, and we need leaders who can grow with us.
Job Summary: The Finance Associate will play a vital role in ensuring the smooth, compliant, and efficient running of all financial operations in Uganda. The ideal candidate will be detail-oriented, highly organized, and possess a solid grasp of accounting principles and local financial regulations.
Key Duties and Responsibilities:
Accounting
- Data Entry: Meticulously enter all approved cash transactions into the accounting software (QuickBooks) to maintain accurate and up-to-date financial records.
- Petty Cash Management: Prepare and disburse petty cash payments in accordance with company policies and procedures, ensuring proper documentation and accountability.
- Reconciliations: Perform regular reconciliations of petty cash and expense accounts to identify and resolve any discrepancies.
- Cash Flow Management: Monitor and manage cash balances to ensure sufficient funds are available to meet all payment obligations.
- Compliance: Ensure adherence to all applicable financial regulations and internal control procedures.
- Financial Reporting: Assist in the preparation of monthly financial reports, providing accurate and timely financial information to management.
Other Duties
- Asset Register: Maintain an accurate and up-to-date asset register, tracking company assets and recording any changes.
- Invoice Processing: Review and process invoices, verifying accuracy and coding them appropriately for payment.
- Vendor Management: Maintain positive relationships with vendors, ensuring timely delivery of goods and services.
- Document Management: File all finance and administrative documents in a well-organized and professional manner, ensuring easy retrieval and compliance with record-keeping requirements.
Qualifications, Skills and Experience:
- Live Turaco’s values – Push boundaries, Work with excellence, and Profound respect for the individual.
- Bachelor’s degree in Finance, Accounting, or a related field with 2- 4 years of experience.
- Part or full qualification in CPA (Uganda) is required.
- Strong knowledge of Uganda’s financial compliance standards and statutory filing processes.
- Previous experience in the insurance industry is preferred and considered an added advantage.
- Strong knowledge of and experience with Microsoft Office Suite, accounting systems (e.g., QuickBooks), and data analysis tools.
- Sound interpersonal and communication skills.
- Ability to work autonomously and take initiative; demonstrate self-motivation and energy, work well under pressure, and meet tight deadlines.
- Willingness to work as a team member with people across geographies and cultures.
How to Apply:
All candidates should apply online at the link below.
For more of the latest jobs, please visit https://www.theugandanjobline.com or find us on our facebook page https://www.facebook.com/UgandanJobline
Level of Education: Bachelor Degree
Work Hours: 8
Experience in Months: no experience required