Financial Officer

Job Details

Reporting to the Financial Controller, the Financial Officer is responsible for processing financial transactions, collating balance sheet reconciliations and providing timely, accurate and reliable management information in line with internal and regulatory guidelines. Duty station is Head Office, Kampala. Full-time role requiring industry knowledge of banking, IFRS, Ugandan tax legislation and the Financial Institutions Act 2004.

Key Duties and Responsibilities

• Prepare payment vouchers for all supplier invoices and staff advances and claims in a timely manner, attaching all necessary support and approvals in accordance with approved policies and procedures.
• Prepare expenditure analysis on opex and capex (actual vs budget) for all departments, highlighting exceptional approvals.
• Prepare monthly management accounts and all related schedules including insightful commentary in line with management requirements.
• Provide detailed analysis and interpretation of revenue and cost patterns in the Bank.
• Prepare timely and accurate Bank of Uganda returns (daily, weekly, monthly and quarterly reports).
• Accurately prepare and timely file tax returns and payments including VAT, WHT, excise duty and stamp duty.
• Carry out annual fixed assets verification across the Bank and maintain the fixed assets register and updates (write-offs, disposals, additions, tag references) to minimize loss.
• Co-ordinate with procurement on disposal of assets.
• Implement recommendations from tax and audit reviews.
• Prepare monthly balance sheet dashboard for all GL accounts (head office and branches) to readily identify areas of concern and follow up issues arising.
• Maintain reconciliation schedules for borrowers and long term funds in line with funder's requirements.
• Maintain tracker on funding mix and interest expense.
• Consolidate overhead budget submissions for the entire bank for submission to Financial Planning and Analysis to incorporate into final budget.

Qualifications, Skills and Requirements

• University Graduate in Accounting or Finance.
• Part qualification in an Accounting certification with a recognized institute (ACCA, CPA, CFA Level 2).
• At least three years' experience in accounting preferably in the financial services sector.
• Industry knowledge of the banking sector, knowledge of IFRS and Ugandan tax legislation, and Financial Institutions Act (FIA) 2004 and amendments.
• Fluency in spoken/written English.
• Good computer literacy with excellent use of MS Office.
• Strong analytical and numeracy skills.
• Good communication, negotiation and interpersonal skills.
• Proactive self-starter able to work under own initiative.