Description

Department: Finance & Administration

Reports To: Manager Financial Reporting/Management accountant.

Main Purpose of the Job

Perform the bank’s day-to-day financial operations by ensuring accurate financial record-keeping, processing financial transactions, supporting the preparation of financial statements, and assisting with budgeting, reporting, and compliance.

Responsibilities

• Prepare the monthly financial reports for management, regulators, and other stakeholders.
• Report on compliance with financial controls, including fixed asset management.
• Regularly and accurately update the general ledger to reflect all financial transactions.
• Support the business when preparing or evaluating new proposals (new contracts, revisions of contracts, investment decisions).
• Prepare payment vouchers for approval by the line manager and advise or post the approved payments and transactions into the Core Banking System.
• Support the line manager and other team members in ad-hoc financial projects and tasks as needed.
• Prepare periodic suspense and Nostro accounts reconciliations and reports
• Ensure that creditors’ payments are made in a timely manner.
• Ensure accurate financial record-keeping at all times.
• Ensure implementation of internal control points or recommendations raised by external and internal auditors.
• Assist in preparing financial reports and statements required by regulatory authorities, ensuring compliance with relevant banking regulations, accounting standards (IFRS), and tax laws.
• Process financial transactions, including accounts payable, accounts receivable, journal entries, and bank reconciliations.
• Conduct periodic fixed assets verification exercises and ensure that asset movements are followed and updated in the register in liaison with the administration department.
• Ensure the end-of-month provisions and amortization schedules are prepared and posted into the accounting system
• Support in analyzing variances between actual and budgeted figures and provide explanations for differences.
• Analyze and consolidate all information submitted by departments and branches for budget formulation.
• Review & analyze all off-balance sheet items and liaise with the Credit department to confirm accuracy.
• Compile regulatory returns and ensure submission on time.
• Comply with AML/CFT/CPF policies and procedures, non -compliance of which shall be addressed as per the bank disciplinary processes.
• Any other duty as shall be assigned to you from time to time.

Person Specification (Education, training, skills and experience)

Knowledge: Skills and Experience required for this role.

• Bachelor’s Degree in Commerce, Business Administration, Finance, or a related field.
• enrolment on a Professional certification program like ACCA, CPA, or any other relevant professional body is preferred.
• At least 2 years of banking or accounting experience
• Strong numerical and analytical skills to interpret financial data and provide insights.
• In-depth understanding of financial management and accounting principles

Competencies required for this role

• Strong Business analysis and requirement-gathering skills.
• Excellent communication and presentation skills.
• Strategic and dynamic thinking.
• Stakeholder and Relationship Management skills
• High ethical standards and integrity.
• Problem-solving abilities.
• Fluent in the English Language and any other local language preferably Luganda particularly for explanatory purposes to Bank customers who do not understand the English Language.
• Proficiency in English Language and any other local language preferably Luganda particularly for explanatory purposes to Bank customers who do not understand the English Language.

• Prepare the monthly financial reports for management, regulators, and other stakeholders.
• Report on compliance with financial controls, including fixed asset management.
• Regularly and accurately update the general ledger to reflect all financial transactions.
• Support the business when preparing or evaluating new proposals (new contracts, revisions of contracts, investment decisions).
• Prepare payment vouchers for approval by the line manager and advise or post the approved payments and transactions into the Core Banking System.
• Support the line manager and other team members in ad-hoc financial projects and tasks as needed.
• Prepare periodic suspense and Nostro accounts reconciliations and reports
• Ensure that creditors’ payments are made in a timely manner.
• Ensure accurate financial record-keeping at all times.
• Ensure implementation of internal control points or recommendations raised by external and internal auditors.
• Assist in preparing financial reports and statements required by regulatory authorities, ensuring compliance with relevant banking regulations, accounting standards (IFRS), and tax laws.
• Process financial transactions, including accounts payable, accounts receivable, journal entries, and bank reconciliations.
• Conduct periodic fixed assets verification exercises and ensure that asset movements are followed and updated in the register in liaison with the administration department.
• Ensure the end-of-month provisions and amortization schedules are prepared and posted into the accounting system
• Support in analyzing variances between actual and budgeted figures and provide explanations for differences.
• Analyze and consolidate all information submitted by departments and branches for budget formulation.
• Review & analyze all off-balance sheet items and liaise with the Credit department to confirm accuracy.
• Compile regulatory returns and ensure submission on time.
• Comply with AML/CFT/CPF policies and procedures, non -compliance of which shall be addressed as per the bank disciplinary processes.
• Any other duty as shall be assigned to you from time to time.

• Strong numerical and analytical skills to interpret financial data and provide insights.
• Strong Business analysis and requirement-gathering skills.
• Excellent communication and presentation skills.
• Strategic and dynamic thinking.
• Stakeholder and Relationship Management skills
• High ethical standards and integrity.
• Problem-solving abilities.
• Fluent in the English Language and any other local language preferably Luganda particularly for explanatory purposes to Bank customers who do not understand the English Language.
• Proficiency in English Language and any other local language preferably Luganda particularly for explanatory purposes to Bank customers who do not understand the English Language.

• Bachelor’s Degree in Commerce, Business Administration, Finance, or a related field.
• enrolment on a Professional certification program like ACCA, CPA, or any other relevant professional body is preferred.
• In-depth understanding of financial management and accounting principles