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Job Title:   Finance Business Partner (Products & Channels)   

Organisation: I&M Bank Uganda

Duty Station:  Kampala, Uganda

Reports to: Head, Strategy and Management Accounting

About US:

I&M Bank Uganda is a commercial bank headquartered at Kampala Road plot 6/6A with a growing regional presence.  The Bank offers a wide range of commercial banking and financial products and services, and prides itself on introducing innovative products and services based on the needs of its customers.

Job Summary: The Finance Business Partner (Products & Channels) will provide strong support in business performance and analytics for the Products and Channels / Retail Banking Segment. The holder primarily prepares financial performance reports for the business, identifies, and articulates key business performance drivers on an on-going basis, triggering the business on any deviations for timely resolutions.

Key Duties and Responsibilities:

• Provides objective and analytical commentary into Retail Banking, Products, and Channels performance, highlighting areas of risk and opportunities for the business.
• Prepares performance reports for relationship managers, branches and sales teams at regular intervals.
• Holds business performance meetings to agree on an action plan for closing gaps and tracks the status of action plans through to implementation.
• Provides Retail banking business, Products, and Channels support in understanding and analyzing key drivers of the various cost lines, vis a vis budgets. Track implementation of agreed action plans and follow through to closure.
• Develops and tracks business scorecards and recommends remedial actions regularly.
• Provides reports on actual performance and forecasts on a daily, weekly, and monthly intervals to the Retail Banking business on income statement and balance sheet. Highlight risks to the business/Finance on an on-going basis.
• Ensures alignment of segment and sub-segment performance and initiatives with the overall country objectives.
• Collects and analyzes market data and competitive trends likely to affect the business budget, making recommendations to enhance product profitability.
• Co-ordinates development of a suitable and simple MIS for accurate and timely collation and dissemination of information to facilitate effective management of business performance along product and sub-segment lines.
• Provides support to the retail business and products team by actively participating in key strategic projects to build revenues, providing financial perspective to systems and product design for new products and other initiatives/contracts.
• Maintains accurate profit models for all Retail banking products, channels, and customer sub-segments.
• Supports in preparation of business cases and post project assessment for projects in the Retail banking, products and channels segment.
• Controls: implements appropriate controls within the unit such that both internal policies and regulatory requirements are adequately followed.
• Risk identification and assessment.
• Effectively manages operational risk within the business finance unit including ensuring proper functioning of the embedded and periodic controls.
• Identifies and escalates risk issues within business finance in a timely manner.
• Conducts periodic self-assessment and assesses other individuals.
• Extracts and reconciles journal entries (for Balance Sheet & Income Statement GLs) for External Audit
• Monthly GL reconciliations
• Train sales teams, relationship manager and branch managers

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Qualifications, Skills and Experience:

• The applicant must hold a Bachelor’s degree in Accounting, Finance or Business-related course.
• A professional qualification (ACCA, CAMS, CCEP, CFA, ACIB, CPA, etc.) is an added advantage.
• At least four years of demonstrated experience in Business Partnering.
• In-depth understanding of short, medium, and long-term strategies, goals and objectives
• Budgeting and forecasting (planning and control) and Analysis
• Highly conversant with management reporting practices, business planning and support
• Knowledge of business partnering concepts and managing for value reporting
• Comprehensive understanding of banking products and services especially Retail portfolios
• Detailed understanding of customer segmentation and service principles
• Good knowledge of Retail and competitor environment
• An appreciation of the PESTEL factors and their impact to the business
• Is abreast with trends in Finance and banking and emerging legislation and trends in Banking
• A basic understanding of regulatory and financial reporting standards (IFRS)
• High level experience in working with computerized accounting and banking systems.
• Ability to think creatively and develop innovative solutions
• Broad Knowledge of banking practices and management techniques
• Good interpersonal, communication and presentation skills
• Teamwork, analytical forecasting and risk assessment skills
• Ability to interact with senior management of the Bank Knowledge of procedure for installation and configuration of data bases
• Understanding of System development cycles
• Knowledge of Firewalls/proxies and Routers/switches
• Understanding of Network scanners/ vulnerability assessment tools

Note: Only shortlisted candidates will be contacted.

How to Apply:

All suitably qualified and interested applicants should apply online at the link below. Please ensure to attach your academic credentials

Click Here

Deadline: 14^th April 2023 by 5:00pm

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