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Finance Director

Salary rangeConfidential | Contract type: Fixed term

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Job Summary

Job Purpose :

Director Finance will be responsible for the financial health of URCS. By combining strategic and operational goals, this Director will manage the accounting and financial aspects of the organisation by enforcing a financial strategy that is aimed at creating a long-term sustainable financial status for URCS. The additional duties of this role will include managing the finance department, conducting financial assessments, generating reports, establishing budgets and conducting risk assessments.

Education Qualifications:
  1. A Minimum of Master’s Degree in Accounting, Finance, Commerce or any related field from a reputable institution;
  2. Certified Professional Accountancy qualification; i.e.; ACCA, CIMA, CPA is a MUST
  3. Bachelor’s Degree in Accounting, Business Administration (Finance), Commerce, Statistics or related field from a reputable institution.
Essential Experience:
  1. Minimum of 5 years accounting experience in a large organization with at least 3 years in a Senior Management position;
  2. Experience in using Financial Management Information Systems (NAVISON accounting package is an added advantage).
Essential Skills :
Technical competences
  1. Strong knowledge of project financial management
  2. Organisational and management skills
  3. Proficiency in bookkeeping and double-entry accounting
  4. Computer literacy
  5. Fineness in oral and written communication
  6. Financial analysis and forecasting
  7. Critical Thinking
  8. Financial analysis and corporate financial reporting
  9. Financial Risk Management
  10. Strategic Financial Planning
  11. Budgeting and budgetary control
Behavior competences
  1. People management
  2. Proficiency in written and oral communication
  3. Empathy
  4. Conflict Resolution and negotiation
  5. Attention to details;
  6. Payroll management;
  7. Donor financial accounting procedures
  8. GAAP, IAS/AFRS accounting requirements and budgeting;
  9. Tax laws and systems in Uganda

Responsibilities

1. Performance management of the finance team (Level of effort: 10%)
  1. Set performance indicators/targets for finance staff.
  2. Frequently hold staff accountable for the achievement of performance targets through supervisory reviews and appraisals.
  3. Promptly provide feedback to staff about their performance after every review. 
  4. Handhold staff through coaching sessions to help them improve in areas where their performance is not up to standard.
  5. Provide long-term professional guidance to staff through mentoring and prepare them to take on more senior roles later.
  6. Recognise excellent performance and encourage staff to seek higher levels of performance.
  7. Establish and implement a training programme for new finance employees.
2. Budget Management and Support (Level of effort: 10%)
  1. Coordinate and assist in company-wide budgetary planning
  2. Make sure that departments adhere to their budgets by not exceeding budget limits or spending funds on disallowable/non-budgeted items.
  3. Supervise the process of budget modifications and ensure that it is done in compliance with the organisation’s and donors’ requirements.
  4. Track budget performance and notify budget holders when their department’s or project’s budget performance starts to lag behind expected utilisation or burn rate.
  5. Report to partners/donors about project budget utilisation, and provide other financial reports to them, as per set reporting timelines.
  6. Prepare and present budget variance reports to the Board.
3. Financial Management (Level of effort: 20%)
  1. Manage the cash flows of the organisation and ensure that the organisation does not get into liquidity problems
  2. Aligning financial strategy to the organisation’s strategic plan
  3. Advise senior management on financial matters  
  4. Take the lead in reviewing the financial policies and procedures and subsequently suggest feasible modifications to the financial manual.
  5. Enforce compliance with financial policies and procedures.
  6. Prepare short and long-term financial forecasts of financial performance for use with internal management and external parties.
4. Financial Risk Management (Level of effort: 30%)
  1. Responding to emergency calls and coordinating with the emergency response teams;
  2. Assessing patients, providing emergency treatment, making working diagnoses and referral to appropriate health facility;
  3. Monitoring and administering medication, pain relief and intravenous infusions accordingly in line with one’s scope of practice;
  4. Dressing wounds/injuries;
5. Accountancy, Document Management, and Financial Reporting (30%)
  1. Ensure that finance personnel do bookkeeping professionally, and use the accounting system functions adequately.
  2. Apply the organisation’s document and record management procedures, and information security policy requirements, to the management and keeping of financial documents, data, and information.
  3. Lead and guide the process of preparing and presenting URCS’s financial and management accounts to management and the Board.
  4. Provide to the auditors (internal or external) all financial information and data that they will need to do audits.

Job Requirements

Required education: Post-graduate education
Required relevant work experience: 5 years
Required languages: English (Spoken: fluent | Written: fluent)
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