Management Accountant Jobs – FINCA Uganda
Job Title: Management Accountant
Organisation: FINCA Uganda
Duty Station: Kampala, Uganda
About US:
FINCA Uganda is a subsidiary of FINCA Microfinance Holding Company LLC (FMH) and part of a network of 20 microfinance institutions and banks that provide socially responsible financial services that enable low – income individuals and communities to invest in the future. FINCA Uganda currently offers loans, savings and money transfer services in Uganda – one of the most competitive and dynamic microfinance markets in the world.
Job Summary: The Management Accountant position is responsible for producing internal reports for management for effective decision making and carry out budgeting while ensuring that budgetary controls are in place and costs are minimized.
Key Duties and Responsibilities:
- Analysing data provided by various returns with view to assessing FINCA Uganda’s financial performance in line with the Finance regulations.
- Deriving critical and strategic conclusions and guidelines from analysed data in line with the operational and strategic plan of FINCA Uganda.
- Analysing various budgetary performance reports; by branch and institution wide on a monthly basis with a view to determining variances in line with the FINCA budget and forecasts and communicate the findings
- Suggesting to management corrective actions in the event of overwhelming variances of which ever status in line with the budget and operational plans.
- Supervising the costing of all major transactions, special projects, operations and products of FINCA Uganda in line with the budget.
- Preparing the budget and budgetary reviews, and formulating, appropriate formats thereof in line with the finance regulations.
- Preparing Monthly forecasts of FINCA Uganda performance.
- Carrying out balance sheet analysis as well as trends in revenues and expenses on a regular basis.
- Analyzing quarterly and annual financial statements of FINCA Uganda and compare them with other companies in the industry for comparison of performance. Monitoring changes in regulations or policies that may affect the industry, as well as monitoring the economy to determine its effect on earnings.
- Analyzing Loan portfolio data for interpretation of trends in Capacity Utilisation, Vintage analysis, Portfolio quality, and other efficiency ratios as well as data to measure the credit and financial risks associated with Loan and advances in line with IFRS and finance regulations.
- Regularly reviewing the accounting records to produce electronic trail balance daily and identify misposting and irregular balances or transactions
- Reviewing reconciliation of annual inventory of fixed assets in all branches and Head Office-
- Reviewing inventory reports prepared and updated monthly
- Maintaining accounting module processes including creation of new accounts and updating of chart of accounts and financial reporting structure according to local GAAP or IFRS-
- Preparing quarterly Board ALCO and financial performance pack for the Board
- Reviewing and approving of expenses and payments
Qualifications, Skills and Experience:
- The applicant must hold a Bachelor’s degree in Commerce/Business Administration, Accounting or Finance option). CPA/ACCA qualification is a must
- Five years of working experience in a reputable organization with at least 3 years Banking experience preferably in accounting or Finance department
- Excellent Analytical and comprehension skills
- Problem Solving Skills – Identifies and resolves problems in a timely manner
- Technical Skills – Strives to continuously build knowledge and skills
- Good interpersonal Skills
- Good at Teamwork
- Planning/Organizing skills
- Quality – Attention to detail and demonstrates accuracy and thoroughness
How to Apply:
All candidates who so wish to take up this role in the aforementioned capacity are encouraged to send their applications with detailed CVs including present position and copies of relevant professional/academic certificates to: ug_jobs@fincaug.org
Deadline: 5th March 2021
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