Senior Accountant Financial Planning Analysis & Reporting Jobs – Umeme
Job Title: Senior Accountant Financial Planning Analysis & Reporting
Organisation: UMEME
Duty Station: Kampala, Uganda
Reports to: Financial Controller.
About US:
Umeme Limited is Uganda’s main electricity distribution company, listed on the Uganda Securities Exchange and cross listed on the Nairobi Securities Exchange. The Company
operates a 20 year electricity distribution concession effective 1st March 2005, from the Government of Uganda. After the electricity sector reforms in 1999, Uganda adopted a single buyer electricity sector model, where Uganda Electricity Transmission Company Limited (UETCL) is the System Operator, responsible for the purchase of electricity from all Independent Power Producers, import and export of electricity and being Umeme’s sole supplier. As an electricity distributor, Umeme is licensed to distribute and supply electricity
to customers. This mandate involves; operation, maintenance and upgrade of electricity distribution infrastructure, electricity retail and provision of related services.The sector is regulated by the Electricity Regulatory Authority, whose mandate includes setting operating standards and appropriate end user tariffs.
Job Summary: The Senior Accountant Planning, Reporting & Business Analysis is responsible for supporting and managing the financial planning and forecasting process, Strategic planning, Margin / Value analysis and reporting, Value-driven reporting to relevant stakeholders and delivering insight through reporting and analysis ensuring that this evolves to meet the needs of the business.
Key Duties and Responsibilities:
Financial Planning and Analysis
- Support in the development of Financial and Business Operating Models based on internal inputs and external market factors
- Coordinate the preparation of the strategic and financial plans (annual operating plan) and forecasts based on the approved tariffs and overall company corporate strategy.
- Prepare planning and reporting for Operating Costs in close collaboration with the heads of function (budget owners).
- Work closely with the Financial Controller on scenario planning
- Provide quarterly insights on the impact of the tariff determinations by ERA on the business
- Conduct periodic Margin (volume and price) Analysis while directing the business on areas of value creation, protection, and improvement
- Continuously seeking to ensure that internal business processes are optimized to manage costs and maintain the infrastructure necessary to support growth
- Conduct periodic business intelligence and analysis through analysing current and historical data relevant to the Company, with the objective of improving strategic decision-making and providing a competitive advantage to the Company. This involves reporting through predictive analytics and prescriptive analytics, dashboard development, data mining, process mining, business performance management and benchmarking among others
Reporting and Performance management
- Provide timely and meaningful management reporting and ensure that the reporting continually evolves to meet the needs of the business. Reports include Monthly finance reports, monthly business corporate reports, annual reports, regulatory reports, Dashboards on key business value drivers like losses, revenues, margins, collections, safety, capital investments, and regulatory recoveries, among others.
- Support Regulatory function during tariff applications, CAPEX submissions and matters related to mainly submission of financial information to the regulators.
- Continually update and evolve reporting to tell a compelling story of the Company’s business operations, strategy and value proposition and creation.
- Analyse cost variances to budget and report to functional managers to ensure accuracy, highlight potential issues and avoid cost overruns
- Support with any specific reporting on a monthly or ad hoc basis.
- Support the Financial Controller with ad-hoc financial analysis’ and act as a source for reporting and analysis needs
Qualifications, Skills and Experience:
- The Ideal Candidate for the Senior Accountant Financial Planning Analysis & Reporting job must hold a bachelor’s degree in Finance, Accounting, Commerce, Business Administration, Statistics, or any other associated discipline from a recognized university.
- Accounting professional in either CPA, ACCA, CIMA, or ACA
- At least three (3) years’ of continuously progressive and relevant working experience with at least 2 years at supervisory level.
- Knowledge of investment and infrastructure portfolio strategy, tariff management and analysis and corporate finance
- Excellent technical financial and accounting skills
- Advanced analytical, organization, and interpersonal skills.
- Experience in setting up, implementing, and monitoring strong financial control systems.
- Good understanding of Ugandan tax legislation is added advantage.
- Proficiency in Spreadsheet use and Financial Modelling skills
- Able to thrive in a fast-paced setting/environment.
- Excellent collaboration, verbal, and written communication
- Ability to break down challenges into meaningful parts and come to rational and well-thought-out conclusions
- Attention to detail and accuracy.
- Interested in process improvement.
- Willing to adapt quickly to quick changes in direction
How to Apply:
All suitably qualified candidates should apply online at the link below
Deadline: 27th May 2022
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