Management Accountant Job Careers – VisionFund Uganda Limited (VFU)
Job Title: Management Accountant
Organization: VisionFund Uganda Limited (VFU)
Duty Station: Kampala, Uganda
Reports: Finance Officers
About US:
VisionFund Uganda Limited (VFU) is a Microfinance institution and an affiliate of World Vision Uganda (WVU), a child-focused Christian Organization that believes in brighter futures for Children, empowering families to create incomes and jobs by unlocking economic potential for communities to thrive. VisionFund Uganda is also part of the bigger network of VisionFund International (VFI), with MFl’s in 28 Countries worldwide
Job Summary: Planning and implementing the company’s financial strategy, business information databases and costs inline with the company objectives, business guidelines and data processing guide lines
Critical Outputs
- Availability and optimal utilisation of funds
- Timely annual and other periodic budgets
- A proper payments function
- Timely submission of performance reports
Key Duties and Responsibilities:
Treasury and Investment Management
- Maintaining good internal liquidity and efficient fund management
- Identifying and evaluating all investment opportunities with a view to maximising revenues.
- Timely and accurate preparation of the Assets and Liabilities Management reports by the 5th day of the following month i.e. economic analysis, liquidity risk analysis, interest rate risk and currency risk reports and compliance ratios.
- Supervising Head Office and branch wide weekly and monthly bank reconciliations and ensuring that no items are left outstanding for more than 30 days.
Financial Transactions Management
- Reviewing the coding of all financial transactions to ensure conformity with the best accounting practices
- Managing the costing of all transactions
- Managing all expenses within the approved budget
- Checking payments for all the necessary supporting documents and compliance with local and international regulations
- Taking custody of all payment instruments and legal documents
Financial Planning and control
- Participating in the preparation of the strategic business plan
- Coordinating the preparation of the annual operational and capital budgets
- Implementing,monitoring and controlling capital and operational expenditures
- Preparing detailed budget variance reports for both the capital and operational expenditure by branch and cost centre clearly explaining any variances and recommending course of action for adverse variations
- Coordinating the review of budgets as required by the management.
- Managing the company’ s operating cost base, achievements of low cost environment and generating reports on effective cost management inline with the company policy and payments system.
- Tracking and engineering cost reduction initiatives with a view to offering the best service at the least cost.
Management Reporting
- Preparing monthly management reports i.e. Balance Sheet and Profit and Loss statements analysis year on year, month on month, budget vs actual, forecasts, trend analysis and ratio analysis by Branch /Branch performance and consolidated level by the 5th day of the following month.
- Analysing key performance indicators of the company and providing information to internal stakeholders for strategic decision making inline with the business plan
- Preparing Product costing and pricing reports by the 25th day of the month following end of quarter
- Participating in the preparation of the annual report
- Obtain and update all inputs for the monthly RALCO reporting park
Human Resources Management
- Carrying out on the job training/knowledge transfer with respect t0 analytical techniques to entities external to finance department through active participation in line with the company’s training policy and objectives
- Developing, managing and evaluating the performance of reports with respect to the set key result areas inline with the HR policies
- Identifying training needs for subordinate staff.
Audit Function
- Participating in the preparation of final accounts and liaising with internal and external auditors in conducting annual audits
Supervises the effective provision of administrative services
- Develop policies and ensure compliance in implementation.
- Supervise the work of the administration staff in procurement/ stores, utilization and control of vehicles, and telephone/internet utilization;
- Handles contract administration related to services, office premises, courier services, custodian services and the like
- Maintains insurance policies and ensures that all claims are settled without undue losses to the organization.
Any other duties as may be assigned by supervisor. preparing reports, budgets, commentaries and financial statements
- Undertaking financial administration and internal audits
- Liaising with managerial staff and other colleagues
- Supervising a team of accounting technicians
- Developing and managing financial systems/policies
- Negotiating and obtaining finance for major projects
- Controlling and forecasting income and expenditure
- Creating business strategies to generate shareholder value.
Other Competencies/Attributes:
- Must be a committed Christian, able to stand above denominational diversities
- Attend and participate in the leadership of daily devotions.
Qualifications, Skills and Experience:
- The ideal candidate must hold a University Degree in Accountancy or Business Administration or BCOM.
- Experience in Microfinance is preferred
- A professional accountant (CPA/ACCA) with at least 4 years’ experience in the same field
How to apply:
Interested candidates should send or hand deliver their CVs and copies of academic certificates not later than 13th December 20l9 to the address provided below:
The Human Resource Manager,
VisionFund Uganda Ltd (VFU)
Plot 256, Makerere Kavule, P.O.Box, 2475i, Kampala, Uganda.
All applications should be sent to info@visionfunduganda.co.ug or hand delivered to
VisionFund Uganda Head Office.
NB: Only shortlisted candidates will be contacted
Deadline: 7th December 2019