Finance Manager
2025-05-23T21:35:43+00:00
Kiboko Insurance Brokers Ltd
https://cdn.greatugandajobs.com/jsjobsdata/data/employer/comp_10301/logo/Kiboko%20Insurance%20Brokers%20Ltd.png
https://kibokoinsurance.com/
FULL_TIME
kampala
Kampala
00256
Uganda
Consulting
Accounting & Finance
2025-05-27T17:00:00+00:00
Uganda
8
Kiboko Insurance Brokers Ltd, is a leading brokerage company in Uganda. It is part of Kiboko Group of Companies located at 1st Street, Industrial Area, after New Vision. It has been in existence since 2012 offering excellent services. It offers full range of services, including tailored insurance and risk management solutions for business clients and bespoke personal insurance
for our worth client base.
Qualification Required
- Bachelor’s degree in Accounting, Finance, or a related field
- Completed Professional accounting qualification such as ACCA, CPA is a must
- A Master’s degree in Finance or Business Administration is an added advantage
Required Skill Set
- Strong knowledge of financial reporting standards (IFRS)
- Advanced financial analysis and forecasting skills
- Experience with budgeting, cost control, and cash flow management
- Proficiency in accounting software and ERP systems
- Excellent leadership, communication, and interpersonal skills
- High level of integrity, accuracy, and attention to detail
- Strong understanding of regulatory frameworks, tax laws, and compliance requirements Relevant Industry Candidates must have exposure in working with Brokerage or Insurance Companies.
KRAs KPIs
Financial Planning & Analysis
1. Lead the budgeting and forecasting process for the company
2. Analyze monthly, quarterly, and annual financial results and provide insights
Banking & Accounts
Receivables Control
1. Daily monitoring of Cash & Bank Balances position & movement.
2. Verifying and Authorizing all Bank Payments
3. Regular follow up with clients for premium payments collection and submit cheques or transfer details to Insurers.
4. Compute commission workings and send to insurers immediately on premium receipt without waiting for commission workings from insurers.
5. Raise Invoices to insurers immediately on confirmation of commission schedule.
6. Regular follow up with Insurers for commission outstandings and try to collect immediately on submission of Tax invoice with insurer
Financial Compliance & Reporting
7. Ensure timely and accurate preparation of financial statements in accordance with IFRS
8. Monitor & assure filing of Monthly VAT, PAYE & NSSF Returns and any other statutory obligation within the required time.
9. Ensure all Returns records are kept monthly. Coordinate with the Head of claims & underwriting to prepare and keep records of IRA quarterly reports
10. Coordinate internal and external audits and ensure compliance with tax regulations
Cash Flow Management
1. Preparation of Monthly Payment Plan, Creditors report & cash flows. O/S premium statement to clients and reconciliation with insurers for commission and binders
2. Manage company cash flow and banking relationships
3. Optimize working capital by ensuring effective receivables and payables management
4. Regulate, monitor and ensure effective liaison with bank and various financial institutions, keep close watch on each activity and fulfill all obligatory requirements.
5. Monthly reconciliation of Insurer statements with clients outstandings
6. Oversee foreign exchange exposure and financial risk management
Customer Care/Servicing
7. Regular Correspondence with suppliers, customers & other external related parties.
8. Visiting the insurers and clients on a regular basis and also when the need arises and maintaining healthy relationships with them.
9. Continuous technical upskilling on IFRS changes and developments.
10. The quality of leadership experienced throughout the Finance unit and how effectively that translates into a conducive work environment and employee satisfaction and retention
Team Leadership & Development
1. Supervise and mentor the finance and accounting team
2. Ensure ongoing training and development of finance staff
3. Foster a culture of accountability and continuous improvement
Desired profile of the candidate
Public speaking: Fluent in English Language
Computer literate: Knowledge of Excel, PowerPoint and ERP is an added advantage
Min. Experience. 5 years’ experience in financial reporting or management accounting
Max. Experience. 3 to 5 Years’ Experience while working with Brokerage Companies in the Insurance Sector.
Financial Planning & Analysis 1. Lead the budgeting and forecasting process for the company 2. Analyze monthly, quarterly, and annual financial results and provide insights Banking & Accounts Receivables Control 1. Daily monitoring of Cash & Bank Balances position & movement. 2. Verifying and Authorizing all Bank Payments 3. Regular follow up with clients for premium payments collection and submit cheques or transfer details to Insurers. 4. Compute commission workings and send to insurers immediately on premium receipt without waiting for commission workings from insurers. 5. Raise Invoices to insurers immediately on confirmation of commission schedule. 6. Regular follow up with Insurers for commission outstandings and try to collect immediately on submission of Tax invoice with insurer Financial Compliance & Reporting 7. Ensure timely and accurate preparation of financial statements in accordance with IFRS 8. Monitor & assure filing of Monthly VAT, PAYE & NSSF Returns and any other statutory obligation within the required time. 9. Ensure all Returns records are kept monthly. Coordinate with the Head of claims & underwriting to prepare and keep records of IRA quarterly reports 10. Coordinate internal and external audits and ensure compliance with tax regulations Cash Flow Management 1. Preparation of Monthly Payment Plan, Creditors report & cash flows. O/S premium statement to clients and reconciliation with insurers for commission and binders 2. Manage company cash flow and banking relationships 3. Optimize working capital by ensuring effective receivables and payables management 4. Regulate, monitor and ensure effective liaison with bank and various financial institutions, keep close watch on each activity and fulfill all obligatory requirements. 5. Monthly reconciliation of Insurer statements with clients outstandings 6. Oversee foreign exchange exposure and financial risk management Customer Care/Servicing 7. Regular Correspondence with suppliers, customers & other external related parties. 8. Visiting the insurers and clients on a regular basis and also when the need arises and maintaining healthy relationships with them. 9. Continuous technical upskilling on IFRS changes and developments. 10. The quality of leadership experienced throughout the Finance unit and how effectively that translates into a conducive work environment and employee satisfaction and retention Team Leadership & Development 1. Supervise and mentor the finance and accounting team 2. Ensure ongoing training and development of finance staff 3. Foster a culture of accountability and continuous improvement
Strong knowledge of financial reporting standards (IFRS) Advanced financial analysis and forecasting skills Experience with budgeting, cost control, and cash flow management Proficiency in accounting software and ERP systems Excellent leadership, communication, and interpersonal skills High level of integrity, accuracy, and attention to detail Strong understanding of regulatory frameworks, tax laws, and compliance requirements Relevant Industry Candidates must have exposure in working with Brokerage or Insurance Companies.
Bachelor’s degree in Accounting, Finance, or a related field Completed Professional accounting qualification such as ACCA, CPA is a must A Master’s degree in Finance or Business Administration is an added advantage
JOB-6830ea2f52304
Vacancy title:
Finance Manager
[Type: FULL_TIME, Industry: Consulting, Category: Accounting & Finance]
Jobs at:
Kiboko Insurance Brokers Ltd
Deadline of this Job:
Tuesday, May 27 2025
Duty Station:
kampala | Kampala | Uganda
Summary
Date Posted: Friday, May 23 2025, Base Salary: Not Disclosed
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JOB DETAILS:
Kiboko Insurance Brokers Ltd, is a leading brokerage company in Uganda. It is part of Kiboko Group of Companies located at 1st Street, Industrial Area, after New Vision. It has been in existence since 2012 offering excellent services. It offers full range of services, including tailored insurance and risk management solutions for business clients and bespoke personal insurance
for our worth client base.
Qualification Required
- Bachelor’s degree in Accounting, Finance, or a related field
- Completed Professional accounting qualification such as ACCA, CPA is a must
- A Master’s degree in Finance or Business Administration is an added advantage
Required Skill Set
- Strong knowledge of financial reporting standards (IFRS)
- Advanced financial analysis and forecasting skills
- Experience with budgeting, cost control, and cash flow management
- Proficiency in accounting software and ERP systems
- Excellent leadership, communication, and interpersonal skills
- High level of integrity, accuracy, and attention to detail
- Strong understanding of regulatory frameworks, tax laws, and compliance requirements Relevant Industry Candidates must have exposure in working with Brokerage or Insurance Companies.
KRAs KPIs
Financial Planning & Analysis
1. Lead the budgeting and forecasting process for the company
2. Analyze monthly, quarterly, and annual financial results and provide insights
Banking & Accounts
Receivables Control
1. Daily monitoring of Cash & Bank Balances position & movement.
2. Verifying and Authorizing all Bank Payments
3. Regular follow up with clients for premium payments collection and submit cheques or transfer details to Insurers.
4. Compute commission workings and send to insurers immediately on premium receipt without waiting for commission workings from insurers.
5. Raise Invoices to insurers immediately on confirmation of commission schedule.
6. Regular follow up with Insurers for commission outstandings and try to collect immediately on submission of Tax invoice with insurer
Financial Compliance & Reporting
7. Ensure timely and accurate preparation of financial statements in accordance with IFRS
8. Monitor & assure filing of Monthly VAT, PAYE & NSSF Returns and any other statutory obligation within the required time.
9. Ensure all Returns records are kept monthly. Coordinate with the Head of claims & underwriting to prepare and keep records of IRA quarterly reports
10. Coordinate internal and external audits and ensure compliance with tax regulations
Cash Flow Management
1. Preparation of Monthly Payment Plan, Creditors report & cash flows. O/S premium statement to clients and reconciliation with insurers for commission and binders
2. Manage company cash flow and banking relationships
3. Optimize working capital by ensuring effective receivables and payables management
4. Regulate, monitor and ensure effective liaison with bank and various financial institutions, keep close watch on each activity and fulfill all obligatory requirements.
5. Monthly reconciliation of Insurer statements with clients outstandings
6. Oversee foreign exchange exposure and financial risk management
Customer Care/Servicing
7. Regular Correspondence with suppliers, customers & other external related parties.
8. Visiting the insurers and clients on a regular basis and also when the need arises and maintaining healthy relationships with them.
9. Continuous technical upskilling on IFRS changes and developments.
10. The quality of leadership experienced throughout the Finance unit and how effectively that translates into a conducive work environment and employee satisfaction and retention
Team Leadership & Development
1. Supervise and mentor the finance and accounting team
2. Ensure ongoing training and development of finance staff
3. Foster a culture of accountability and continuous improvement
Desired profile of the candidate
Public speaking: Fluent in English Language
Computer literate: Knowledge of Excel, PowerPoint and ERP is an added advantage
Min. Experience. 5 years’ experience in financial reporting or management accounting
Max. Experience. 3 to 5 Years’ Experience while working with Brokerage Companies in the Insurance Sector.
Work Hours: 8
Experience in Months: 36
Level of Education: bachelor degree
Job application procedure
Interested and qualified? click here to apply
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