Deputy Financial Controller Job Opportunity – Tugende
Job Title: Deputy Financial Controller
Organisation: Tugende
Duty Station: Kampala, Uganda
Reports to: Financial Controller
About US:
Tugende is a for-profit social enterprise based in Uganda. Our mission is providing finance and support to help the self-employed own income generating assets. Our core product is a lease to own model for motorcycle taxi drivers (boda bodas) who own their own motorcycles in 19 months or less with weekly payments similar to what they otherwise pay to rent indefinitely from informal landlords. Ownership significantly increases income, job security and road safety. Tugende currently serves over 6,000 active customers in Uganda through 150+ employees across 7 branches, and 4,500 additional leases have already been fully repaid. With a market for motorcycle taxis of over 800,000 drivers in East Africa alone, Tugende is expanding rapidly in our core product. We are also building a platform with our staff, branches, data, systems, and deep knowledge of earners in the informal sector, which will easily enable us to expand into other asset finance and value added services offerings in the near future.
Job Summary: The Deputy Financial Controller will contribute broadly to the Finance Department’s operations including auditing and accounting, financial planning & reporting, defining short- and long-term business strategy, hedging foreign currency exposure, determining Tugende’s capital structure, and managing treasury and fundraising. The successful Deputy Financial Controller will be sharp, precise, and unafraid to dive into large and complex projects. The candidate will be required to take responsibility for significant work streams within the Department. He or she will ensure accuracy and timeliness of deliverables and set the bar for high performance of the department, direct reports, and individual goals. The right candidate is motivated by Tugende’s mission and challenging business environment, understanding it is less structured and often higher pressure than established slow-growth firms. We are growing quickly and are expanding our team (of 150+), our branch network (incl. into other countries in East Africa), and our portfolio of assets. The candidate has a desire to improve themself and Tugende as a whole and are proactive in suggesting and implementing the changes necessary to align with Best Practices. Opportunities for growth will include external training or further education, opportunities to represent the company publicly, leadership of other team members, and a growth path to higher level finance roles at Tugende or beyond. We prefer candidates who are already chartered accountants (ACCA/CPA) but we willing to consider high achieving individuals who have started the above certification and will commit to completing it as soon as possible while with Tugende. The right candidate will have demonstrated excellence in at least 2 years experience with a previous challenging role (e.g. top auditing firm, bank, or other competitive environment). The position will be based in Kampala and will report directly to the Financial Controller. This position offers the opportunity for the management of accounting officers, aligned with your interests and experience.
Key Duties and Responsibilities:
Client Account Management
Client Billing and Accruals
- Prepare weekly invoices for posting to QuickBooks Online, our accounting system
- Reconcile invoices between our accounting system and our leasing system to ensure the accuracy of customer balances
Client Weekly Payments and Fees
- Review client payment from all payment channels – including traditional channels, such as banks, and cashless channels, cush as PayWay and MTN Mobile Money
- Review weekly payment reconciliation reports prepared by accounting officers
- Prepare and post weekly payments and applicable fees to QuickBooks Online
Lease Terminations and Cancellations
- Review lease termination and cancellation metrics on a weekly basis
- Work with Tugende’s Operations and Business Intelligence teams to verify the accuracy of lease termination and cancellation data
- Affect lease termination and cancellation data in QuickBooks Online.
Payroll Management
- Prepare the monthly payroll, including statutory and non-statutory deductions, for submission to the Bank
- Ensure that payroll information is up-to-date in the company’s payroll system
- Affect payroll in QuickBooks Online, and reconcile this information with Bank statements and employee payslips
Accounting and Bookkeeping Oversight
- Review all transactions for cash and bank accounts on a daily basis
- Review the allocation of costs to Tugende’s branches, and flag any deviations from branch budgets
- Support accounting officers to ensure weekly transactions deadlines are met
- Ensure the accuracy of monthly cash and bank reconciliation reports
- Prepare weekly and monthly cash projection reports
- Ensure that all inventory and fixed asset accounts are reconciled across all Tugende branches
- Review monthly journals posted in QuickBooks
Fixed Asset Management
- Update the fixed asset register
- Prepare the disposal schedule for verification
- Post monthly depreciation and disposals
- Review fixed asset register with physical asset in all branches
Compliance and Taxation: Review and file monthly: PAYE returns, NSSF returns, VAT, and Withholding tax
Qualifications, Skills and Experience:
- The applicant for the Tugende Deputy Financial Controller job placement must hold a Bachelor’s degree in Accounting and Finance from a reputable institution
- Certified Public Accountant (CPA), Associate Chartered Certified Accountant (ACCA), or equivalent
- At least two years of work experience in a reputable, challenging organisation, preferably an accounting and audit firm, bank etc.
- Advanced MS Office user, particularly Excel and PowerPoint
- Experience with Quickbooks Online, or another Cloud-based accounting package, is preferred, though not necessary
- A high level of attention to detail – you should be able to ‘catch’ and resolve errors or omissions before more senior members of the team do
- A desire to learn and to grow. We are growing quickly and you should have a desire to respond to the challenges that that growth presents
- Adopt a proactive approach. You’re the kind of person that fixes inefficient processes and suggests solutions to problems that are outside of your delegation
How to Apply:
All suitably qualified and interested candidates are encouraged to apply online at the link below.
Deadline: 15th July 2018
: List of Current Job Vacancies / Opportunities in Uganda