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Financial Accountant

Closing: Sep 14, 2022

This position has expired

Published: Aug 31, 2022 (31 days ago)

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Job Summary

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The Financial Accountant is responsible for the preparation of both the Operating Company’s external reporting and reporting to the company's Finance; ensuring compliance with statutory and regulatory requirements and competently maintaining stringent control over the company assets and balance sheet.

The role will be the subject matter expert on IFRS and taxation and will be able to support and provide guidance to the business.

This role is key to the expert management of financial risks, exposure and control, whilst presenting opportunities to improve the financial strength and performance of the business.


Responsibilities

The Financial Accountant is responsible for the preparation of both the Operating Company’s external reporting and reporting to the company's Finance; ensuring compliance with statutory and regulatory requirements and competently maintaining stringent control over the company assets and balance sheet.

The role will be the subject matter expert on IFRS and taxation and will be able to support and provide guidance to the business.

This role is key to the expert management of financial risks, exposure and control, whilst presenting opportunities to improve the financial strength and performance of the business.


  • The Financial Accountant is responsible for the preparation of the Operating Company’s financial accounts and ensuring the financial integrity of the statutory accounts through:

  • The proficient preparation of financial reporting in accordance with International Financial Reporting Standards (IFRS) for the Ugandan Operating Unit

  • Adhering to and operating within the framework of the Group’s Accounting Policies Manual and providing input to the Group Finance function, where required, to clarify, improve and develop such policies.

  • The timely and accurate submissions to Group Finance for inclusion in the overall Group financial consolidation in accordance with established procedures and timelines.

  • Keeping and maintaining all financial records, accounts and schedules to the requirements of the company's external auditors and requisite accepted accounting standards and business practices.

  • The punctual and precise computation and reconciliation of current and deferred taxation.

  • Ensuring compliance with statutory requirements relative to VAT, withholding tax, excise duty, customs duties, NSSF, payroll taxes, etc.
  • Advising the business on efficiencies and opportunities to improve business efficiency and performance on taxation matters.
  • Continuously maintaining effective Balance Sheet risk management through the development and operation of adequate controls and reconciliations of Balance Sheet accounts, specifically.

  • Warranting that all fixed assets are properly recorded controlled and status reflected in the Fixed Asset

  • Register and relevant financial reports; conducting the annual asset count and asset retirement reviews in line with established procedures.

  • Precisely compiling and completing reconciliations of intercompany loans and funding in accordance with established standards and timelines.

  • Managing and undertaking the ongoing development and training of a Financial Accounting Assistant to operate at the highest standards.

  • Working seamlessly with other finance team members and cross- functionally within the Operating countries to continually improve the control environment within the organization.

  • Participating in ad hoc projects and the performance of such other duties as may be required from time to time by the Head of Finance

The person – essential requirements:

The successful candidate should have a University degree in Business, Accounting, or related field, an accounting qualification from a recognized professional body (e.g. ACCA, CPA, and CIMA) and have a minimum of 3 years post-qualification in a similar role preferably within a medium to large private sector organization and will possess the following attributes:

  • A demonstrable knowledge of Uganda tax laws – Income tax, VAT, Customs and Excise.

  • Experience of enterprise and computerized accounting systems, (SAP preferable but not essential).

  • Proven experience of financial reporting in accordance with IFRS experience.

  • Excellent communication and interpersonal skills.

  • Analytical mind-set with attention to detail.

  • Highly organized, excellent time management, planning and prioritization, with a commitment to meeting deadlines in a time-pressurized environment.

  • Demonstrable expertise in implementing controls and processes with a risk management mind-set.

Other desirable traits:
  • Understanding of the compliance requirements of the Insurance Regulatory Authority (IRA).


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