Role Overview:

The Financial Accountant is responsible for managing accounting activities particularly; facilitating an efficient payment process to manage resources prudently and managing the financial information system to ensure that the system meets all user needs to be able to produce accurate financial information and in so doing support the Group Head of Finance in ensuring the overall financial viability of the business, manage all external related finance activities in the company.

Main Duties and Responsibilities:

1. Payments:

To ensure that timely and accurate payments are made, according to NHOP policies and procedures in a way that ensures good ongoing relationships with staff, vendors, service providers and other stakeholders. Major accountabilities include.

Manage the relationship between the company and external stakeholders like the URA, NSSF, banks, vendors, customers, and external auditors, among others.

Cash and Banks: Ensure that the records are posted accurately and promptly, reconciled and reconciling items are resolved promptly.

Accounts Payable: Ensure that the records are posted accurately and promptly, reconciled and reconciling items are resolved promptly; and vendors are paid as and when the liabilities are due.

Accounts Receivable: Ensure that the records are posted accurately and promptly, reconciled and reconciling items resolved promptly; and ensure that customer deposits are collected within the agreed credit terms.

2. External Audit:

Manage the external audit process.

3. Borrowings:

Assess and recommend credit facility options; major accountabilities include.

Ensure that the company’s debt is optimized.

Ensure that loan accounts are reconciled,

Reconcile items are resolved promptly.

Settle liabilities as and when they fall due.

4. Taxation:

Manage all tax-related matters and filing.

5. Insurance:

Ensure that the company is adequately insured against all insurable risks; and ensure that all claims are filed and paid.

6. Risk Management:

To assess and manage financial risks major accountabilities include.

Market risk,

Credit risk,

Operational risk.

Develop risk mitigation strategies and recommendations for management.

Other Tasks:

Payroll analysis and review.

Computation of royalties and discounts.

Reporting – provide commentary and analysis as requested from time to time.

IFRS 9 accounting.

Decision support.

Prepare balance sheet account reconciliations for allocated general ledger accounts.

Training and developing subordinates.

Qualifications

Education and Experience:

University degree in Finance, Accounting, Statistics, or other courses of a numerate background but must have a relevant professional qualification – CPA or ACCA.

Five years’ experience in a professional audit firm or a manufacturing organization.

Technical Attributes

High level of analytical and performance management skills and attention to detail.

Good computer knowledge, exposure to an ERP environment and reporting tools. Excellent knowledge of spreadsheets and other Microsoft office applications is essential.

Good understanding of IFRS and Taxation in Uganda.

Strategic thinking – ability to develop strategies to achieve organizational goals; understand organization’s strengths and weaknesses; and adopts strategy to changing conditions.

Good business acumen – understand business implications of decisions; display orientation to profitability and risk management; demonstrate knowledge of market and competition; and align work with strategic goals.

Good understanding of processes in different business areas.

Good reporting and communication skills.

Personal Attributes.

Leadership – exhibit confidence in self and others; inspire and motivate others to perform well; effectively influence actions and opinions of others; inspire respect and trust; provide vision and inspiration to peers and subordinates; and mobilize others to fulfil the corporate vision.

Analytical – ability to synthesize complex and/or diverse information, and design workflows and procedures.

Problem-solving – ability to identify and resolve problems promptly.

Communication – speaks clearly and persuasively in positive or negative situations; and listens and gets clarification.

Team-work – able to balance team and individual responsibilities; and recognize accomplishments of other team members.

Change Management – develops workable change plans; communicates changes effectively; and monitors transition and evaluates results.

Ability to work with minimum supervision.

Proactive and able to take initiative to propose and implement new approaches.

Flexibility, integrity, the confidence to think differently and the ability to make sound judgments.

Self-motivation and drive, and high ethical standards, values, and principles

• Facilitating an efficient payment process to manage resources prudently
• Managing the financial information system to ensure that the system meets all user needs to be able to produce accurate financial information
• Supporting the Group Head of Finance in ensuring the overall financial viability of the business
• Managing all external related finance activities in the company
• Ensuring that timely and accurate payments are made, according to NHOP policies and procedures
• Managing the relationship between the company and external stakeholders like the URA, NSSF, banks, vendors, customers, and external auditors
• Ensuring that cash and bank records are posted accurately and promptly, reconciled and reconciling items are resolved promptly
• Ensuring that accounts payable records are posted accurately and promptly, reconciled and reconciling items are resolved promptly; and vendors are paid as and when the liabilities are due
• Ensuring that accounts receivable records are posted accurately and promptly, reconciled and reconciling items resolved promptly; and ensuring that customer deposits are collected within the agreed credit terms
• Managing the external audit process
• Assessing and recommending credit facility options
• Ensuring that the company’s debt is optimized
• Ensuring that loan accounts are reconciled
• Resolving reconciling items promptly
• Settling liabilities as and when they fall due
• Managing all tax-related matters and filing
• Ensuring that the company is adequately insured against all insurable risks
• Ensuring that all insurance claims are filed and paid
• Assessing and managing financial risks (Market risk, Credit risk, Operational risk)
• Developing risk mitigation strategies and recommendations for management
• Payroll analysis and review
• Computation of royalties and discounts
• Reporting – provide commentary and analysis as requested from time to time
• IFRS 9 accounting
• Decision support
• Prepare balance sheet account reconciliations for allocated general ledger accounts
• Training and developing subordinates

• High level of analytical and performance management skills
• Attention to detail
• Good computer knowledge
• Exposure to an ERP environment and reporting tools
• Excellent knowledge of spreadsheets and other Microsoft office applications
• Good understanding of IFRS and Taxation in Uganda
• Strategic thinking
• Good business acumen
• Good understanding of processes in different business areas
• Good reporting and communication skills
• Leadership
• Analytical skills
• Problem-solving skills
• Communication skills
• Team-work skills
• Change Management skills
• Ability to work with minimum supervision
• Proactive and able to take initiative
• Flexibility
• Integrity
• Confidence to think differently
• Ability to make sound judgments
• Self-motivation and drive
• High ethical standards, values, and principles

• University degree in Finance, Accounting, Statistics, or other courses of a numerate background
• Relevant professional qualification – CPA or ACCA
• Five years’ experience in a professional audit firm or a manufacturing organization