Finance Manager

Department: Finance

Reports: Managing Director 

Direct Reports: Finance Team

Job Summary:

Responsible for the effective running of all support areas, i.e. Finance and Accounts, ensuring that the company meets its financial and compliance obligations for all its stakeholders. As a member of the Management team, contributes to strategic and operational planning and oversight, and where required, leads project initiatives and teams. 

Key Responsibilities:

• Financial Reporting and Systems 
• Responsible for the financial & management reporting processes, ensuring the availability of timely and relevant information on monthly, quarterly basis. 
• Responsible for the effective management of internal controls and the operation and effectiveness of all processing, including the payroll & accounting systems, and ensuring that all expenses are as per the approved authorization framework.
• Responsible for leading the development and review of annual financial plans, budgets & targets with other departments. 
• Review accounting system and procedures including financial policies and make recommendations based on standard industry practice.
• Oversee department operations through setting goals & objectives, and design a framework for these to be met.
• Develop an effective system of internal control to achieve a high level of efficiency in accounts management.
• Build an accounting system that will bring down distribution/operational costs to a minimum level, and that will detect spillovers, wastage, and fraud.
• Develop an effective reporting system that ensures accurate and timely daily, weekly, monthly, quarterly and annual reports.
• Guide all other heads of department on optimum utilization of the company’s financial resources and cost management.
• Management of relationships with the external auditors, including being the key contact for audit planning and completion. 
• Engage with external auditors for the execution of external audits.

BUDGETING

• Review the budgeting & budgetary control systems and report to management on variances from the established budget and the reason to the cause.
• Analyze costs, pricing, variable contributions, sales results and the company’s actual performance.
• Assist management on the formulation of its overall strategic direction.
• Ensure a good internal control environment in the inventory control, costing, pricing budget control and data integrity.

FUNDS MANAGEMENT

• Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements.
• Forecast cash flow positions, related borrowing needs, and funds for investments
• Maintain the financial health of the organization.
• Use hedging to mitigate financial risks related to the interest rates on the company’s borrowing.
• Reconcile the loan accounts for compliance of the terms of engagement
• Review bank reconciliation statement.
• Review all payable and receivable accounts.
• Liaise with other function managers to align the finances and accounts 
• Insurance management.
• Ensure timely invoicing of clients and payment follow-up.

TAX MANAGEMENT

• Together with the tax consultant develop a tax planning system which can lower the company’s tax liability to the minimum level.
• Timely returns to zero penalties.
• Management of other statutory obligations like NSSF, PAYE, trading license, local service tax, and Updating annual returns at the company registry.

FINANCIAL ANALYSIS

• Oversee cost management/analysis in all departments.
• Conduct reviews and evaluations for cost reduction opportunities.
• Interpret the company’s financial results and recommend improvement activities.

Key Performance Measures 

• Finance Reporting and systems 
• Budgeting 
• Funds Management 
• Tax Management
• Financial Analysis 
• Departmental / Team Management 
• Important Relationships
• Auditors
• Bankers 
• Regulation Bodies
• Vendors and Suppliers
• Internal staff, Managing Directors and Board

Knowledge, experience and personal competencies:

• Knowledge required (to do the job):
• Fully qualified accountant (ACCA or CPA or equivalent).
• Bachelor in Commerce/Business Administration degree
• Experience required (to do the job):
• Minimum of five years general management experience in the areas of Finance reflecting the key duties of this role. 

Competencies:

• Membership of the Institute of Certified Public Accountants of Uganda (ICPAU). 
• Be highly skilled in the use of Microsoft Office applications. 
• Have excellent written and verbal communication skills. 
• Ability to prioritize workloads and be capable of managing a broad range of areas. 
• Have sound judgement and a capacity for innovative thinking. 
• Be enthusiastic and motivated. 
• Working knowledge of an accounting package, preferably QuickBooks

How to apply: 

All applications will be received and Reviewed through Brightermonday Portal by Clicking on the 'Apply Here' section