Manager – Management Reporting Job Placement – DFCU Bank
Job Title: Manager – Management Reporting
Organization: DFCU Bank
Duty Station: Kampala, Uganda
Reports to: Chief Financial Officer
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: The Manager – Management Reporting will effectively implement the Bank’s accounting policies and provide timely, accurate, relevant and reliable management information. The incumbent will enhance quality decision making through value adding investment appraisals, post investment reviews, predictive modeling, trends and scenario analysis. He/she will support the strategic decision-making process of the Bank through the preparation of annual budgets and forecasts in line with the strategic objectives of the Bank.
Key Duties and Responsibilities:
- Prepare Bank and consolidated monthly management accounts and Board pack by the 7th working day of the month.
- Predictive modelling to enhance management and Board decision making in strategy implementation.
- Value addition through in-depth analysis on Non-Interest Income, business reporting in terms of transfer pricing, branch profitability and profitability by product.
- Close monitoring of portfolio Vs interest income by product and currency to ensure interest is correctly being accrued and booked.
- Focus on Non-Interest Income through close monitoring of activity fees Vs customer numbers / transaction volumes to ensure all Non-Interest Income is correctly captured and charged.
- Enhance analysis of trends in revenues by product and business segments to inform management and business teams accordingly.
- Monitor daily performance and the revenue assurance model to promptly identify and rectify any anomalies. Embed a “no surprises” quality in management reporting.
- Close tracking of and reporting on debits to income, loan loss provisions by product / segment, recoveries Vs product and recoveries on the managed book to identify key trends and inform the business accordingly.
- Hold the lead role in the preparation of annual budgets and forecasts in line with the strategic objectives.
- Supervision of Business Analysts to ensure that they are in constant liaison with the business and are the first point of contact on the interpretation of financial information.
- In-depth Management reporting updated in line with Management and Board requirements, to provide detailed analysis and understanding of revenue and cost patterns.
- Monitor competitor activities which includes reporting on comparative analysis of market data.
Qualifications, Skills and Experience:
- The applicant for the DFCU Bank Manager – Management Reporting job placement must hold a Bachelor’s Degree in Accounting or Finance.
- Fully qualified in accounting profession with a recognized institute (ACCA, CPA, CIMA)
- A minimum of six years’ working experience.
- Industry knowledge of the banking sector, knowledge of IFRS and Ugandan tax legislation, and Financial Institutions Act (FIA) 2004 and Amendments.
- Fluency in spoken and written English.
- Strong team management and Development skills.
- Ability to work with others even when they do not report to you.
- Computer literacy with excellent use 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:
All candidates who so wish to join the banking sector in the aforementioned capacity are encouraged to send their applications with detailed CVs including present position and copies of relevant professional/academic certificates (University Transcript, O & A level) to: Vacanciesbank@dfcugroup.com
Deadline: 9th July 2019
NB: 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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