About Organisation:

DFCU Bank is a fast growing commercial bank offering a variety of innovative products and services. DFCU Limited was started by the Commonwealth Development Corporation (CDC) of the United Kingdom and the Government of Uganda through the Uganda Development Corporation (UDC) under the name of Development Finance Company of Uganda Limited. Later restructuring brought in DEG (of Germany) and International Finance Corporation (IFC) as equal partners with CDC and UDC, each having a 25% stake in the company. Its objective was to support long-term development projects whose financing needs and risk did not appeal to the then existing financial commercial lending institutions.

Job Summary:

To collate balance sheet reconciliations and provide timely, accurate and reliable management information in line with the internal and regulatory guidelines.

Key Duties and Responsibilities:

Transaction processing, budgetary control and compliance

• Review payment vouchers for all supplier invoices and staff advances and claims in a timely manner, checking that they have been prepared in accordance with approved policies and procedures and that all necessary support is attached.
• Manage the recording of all capital and operating expenditure of the Bank monthly by accounting for all unpaid commitments and services delivered.
• Prepare expenditure analysis on opex and capex (actual vs budget) for all departments, while highlighting exceptional approvals.

Management and Financial reporting

• 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.
• Track the daily PL of the Bank, while highlighting exceptions in both income and expenses and follow up for remedial actions.
• Track debits to income and review memos supporting the reimbursements.

Fixed assets maintenance

• Oversee the annual fixed assets verification across the Bank and maintain the fixed assets register and updates (write-offs, disposals, additions, tag references) to minimise loss.
• Co-ordinate with procurement on disposal of assets.

Risk management

• Implement recommendations from tax and audit reviews.
• Prepare monthly BS dashboard for all GL accounts (head office and branches) to readily identify areas of concern and follow up of issues arising.

Funding

• Maintain reconciliation schedules for borrowers and long-term funds in line with the funders’ requirements.
• Maintain tracker on funding mix and interest expense.

Budgeting

• Contribute to the budgeting and forecasting process of the Bank through consolidating of the overhead budget submissions from all departments / branches following detailed engagements for submission to Financial Planning and Analysis to incorporate into the final budget.

Financial Responsibility

Responsible for payments / transactions processing and recording, balance sheet management, fixed assets management and reporting.

Qualifications, Skills and Experience:

• University graduate in Accounting or Finance
• Qualification in an accounting certification with a recognized institute (ACCA, CPA, CFA)
• At least six 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 MS Office.
• 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.

• Review payment vouchers for all supplier invoices and staff advances and claims in a timely manner, checking that they have been prepared in accordance with approved policies and procedures and that all necessary support is attached.
• Manage the recording of all capital and operating expenditure of the Bank monthly by accounting for all unpaid commitments and services delivered.
• Prepare expenditure analysis on opex and capex (actual vs budget) for all departments, while 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.
• Track the daily PL of the Bank, while highlighting exceptions in both income and expenses and follow up for remedial actions.
• Track debits to income and review memos supporting the reimbursements.
• Oversee the annual fixed assets verification across the Bank and maintain the fixed assets register and updates (write-offs, disposals, additions, tag references) to minimise loss.
• Co-ordinate with procurement on disposal of assets.
• Implement recommendations from tax and audit reviews.
• Prepare monthly BS dashboard for all GL accounts (head office and branches) to readily identify areas of concern and follow up of issues arising.
• Maintain reconciliation schedules for borrowers and long-term funds in line with the funders’ requirements.
• Maintain tracker on funding mix and interest expense.
• Contribute to the budgeting and forecasting process of the Bank through consolidating of the overhead budget submissions from all departments / branches following detailed engagements for submission to Financial Planning and Analysis to incorporate into the final budget.
• Responsible for payments / transactions processing and recording, balance sheet management, fixed assets management and reporting.

• Fluency in spoken/written English.
• Good computer literacy with excellent use MS Office.
• 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.

• University graduate in Accounting or Finance
• Qualification in an accounting certification with a recognized institute (ACCA, CPA, CFA)
• Industry knowledge of the banking sector, knowledge of IFRS and Ugandan tax legislation, and Financial Institutions Act (FIA) 2004 and amendments.