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Finance Manager job at Spark MicroGrants | Apply Now
Are you looking for finance jobs in Uganda 2024 today? then you might be interested in Finance Manager job at Spark MicroGrants
Kampala, Uganda
Full Time
About the Organisation
Spark MicroGrants believes in a world where everyone lives with dignity and determines their own positive future. For nearly ten years, Spark MicroGrants has been pioneering a new approach to international aid. We believe in local solutions and catalyzing rural villages facing poverty into action.
At the heart of Spark’s model, the Facilitated Collective Action Process (FCAP), are ‘town-hall’ style meetings, in which women and men plan together for their community’s future. Each village democratically elects a leadership committee, establishes a village savings account, and launches a project of their choice. Members receive training on financial management and transparency, accountable leadership, village planning, and advocacy. Each village receives US$8,000 in seed funds to turn project ideas into reality and receives additional management support.
Spark trains partner organizations and works with governments to scale the FCAP as the model of choice to advance social and economic development, improve lives, and secure lasting change. Spark is now active in 500+ villages in 6 countries, improving the lives of over 560,000 people.
Our team of 50+ people is spread across 4 countries in East Africa and the US, sharing a common vision and value system. These are:
1. Facilitators. We don’t impose; we enable others to generate impact.
2. Community-driven. We are motivated by what is best for the community.
3. Process-centered. The how of what we do is just as important as the what.
4. Authentic. Our vision and values live in everything we do.
5. Dynamic. We seek opportunities and are willing to take risks to serve our community partners better
Job Title
Finance Manager job at Spark MicroGrants
Spark MicroGrants
Job Description
The Finance Manager provides leadership in financial planning, operational, budgeting, internal controls and financial reporting to achieve outstanding performance and growth.
The Finance Manager is responsible for implementing effective systems and processes to safeguard financial resources and to provide accurate and complete financial information and analysis to the Head of Finance and Senior Management to aid decision making.
Critical to the role will be developing and managing partner finance systems for new and existing partners in alignment with the partner context.
Duties and Responsibilities
1. Financial Planning and Analysis:
Develop and manage financial plans, budgets, and forecasts.
Analyze financial data and trends to provide insights for decision-making.
Ensure financial OKRs and targets are met.
Lead the development and implementation of systems, policies and procedures to ensure all financial transactions are monitored for conformity with internal controls and in line with the approved governance and financial risk management guidelines
2. Financial Reporting:
Organize and submit monthly finance reports
Prepare quarterly presentations on progress against financial goals, and donor reporting for a range of different stakeholders
Prepare and present accurate and monthly financial reports to management.
Ensure compliance with local financial reporting standards and regulations.
Prepare donor reports and ensure compliance with terms and conditions of donor agreements and MOU’s
Ensure the development of sufficient partner tools and systems, auditing the same to ensure completeness and compliance with Spark policies and procedures
3. Financial Operations:
Review and approve expense reports per guidelines of the Organization
Conduct finance training sessions at team meetings
Manage country spending and updates on progress against budget goals, and communicate new policies and procedures to the Team
Implement and maintain effective financial controls and processes.
Ensure compliance with all relevant statutory and legal requirements
4. Bookkeeping and Accounting
Ensure quality of bookkeeping done by the field team and conduct internal audits and spot checks
Manage financial reporting in line with IFRS and ensure accuracy and completeness of financial data
5. Cash Management:
Manage cash flow to meet the organization's operational needs.
Ensure cost efficiency and value for money through appropriate vendor selection procedures
6. Risk Management:
Identify financial risks and develop strategies to mitigate them.
Train staff and implementing partners on financial processes and procedures and conduct regular audit reports on this
Manage company assets efficiently and effectively.
Ensure compliance with Uganda tax laws and regulatory requirements.
7. Team Management:
Supervise and lead a team of finance professionals, providing guidance and support. - Ensure the finance department's performance and productivity.
8. Partner Management & Microgrants support:
Regularly review partner finance performance and reports for accuracy and adherence to Spark policies and procedures
Review Partner file audits and follow up with implementation of agreed action plans
Review MicroGrant proposals, both implementation and operating budgets, for consistency, accuracy, and alignment to the Organization’s policy and guidelines.
Create and execute financial management skills training to internal teams and partner communities as per needed.
Verify MicroGrant disbursement request and disburse funds to Community Bank, Accounts/SACCO accounts.
Ensure all community files are compliant, including required documentation and work with facilitators/trainers to document any variance explanations.
Manage community audits by the field team and conduct file audits per internal policy.
SERVICES
COMMERCIAL
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INDUSTRIAL
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RESIDENTIAL
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COMMERCIAL
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INDUSTRIAL
SERVICES
RESIDENTIAL
SERVICES
COMMERCIAL
SERVICES
COMMERCIAL
SERVICES
COMMERCIAL
SERVICES
COMMERCIAL
SERVICES
INDUSTRIAL
SERVICES
RESIDENTIAL
Qualifications and Competencies
A Bachelor's degree in finance, accounting, or a related field is typically required. An MBA or a relevant professional qualification (e.g., ACCA, CPA) is an added advantage.
Minimum of 6 years of experience in finance, with a significant portion in a managerial or supervisory role.
Strong knowledge of financial and accounting principles, including Uganda accounting standards and tax regulations.
Proficiency in Excel and Accounting software; experience with Oracle Netsuite is an added advantage
Professional standard of finance ethics as well as the ability and willingness to enforce adherence to Spark Microgrants and donor policies and procedures
Excellent analytical and problem-solving skills.
Strong communication and presentation skills.
Ability to work effectively in a team and collaborate with other departments.
Knowledge of the INGOs industry or sector in which the organization operates may be advantageous.
How to Apply
APPLICATIONS FOR THIS POSITION MUST BE ONLINE
Click the "Apply Button" Below to submit your Application