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Full-time
Financial Accountant Job at UGAFODE Microfinance Limited (MDI)
UGAFODE Microfinance Limited (MDI)U
Job Description
Organisation: UGAFODE Microfinance
Duty Station: Kampala, Uganda
Job Summary: Responsible for effective implementation of UGAFODE's accounting policies and managing risk through: Financial reporting of a fully reconciled and well hedged balance sheet, tax planning and compliance to meet external stakeholders' requirements.
Ref: HR/STAFF/VAC – 14/04/26/4
Duties, Roles and Responsibilities
- Financial accounting and risk management:
- Daily GL data integrity
- Conduct monthly reconciliation of balance sheets for UGAFODE;
- Proactively follows up on issues arising from balance sheet reviews;
- Chart of accounts/General ledger maintenance including controlled opening of new accounts, close monitoring and closure of dormant/inactive GL accounts;
- Plans and coordinates annual fixed assets verification exercise within UGAFODE
- Financial reporting:
- Prepares and submits timely and accurate BoU returns:
- Coordination of end of year external audit as well as all other Audits including Bank of Uganda audit, URA and other stakeholder audits like grant funders;
- Provides oversight role on internal reports to all stakeholders;
- Conducting data quality reviews to ensure improvements in efficiency and accuracy of the reports;
- Monthly IFRS 9 computation including securities validation
- Grant Management
- Compliance and risk management:
- Accurate and timely filing of statutory returns and payments
- Prepares and submits accurate statutory accounts, fully supported & ensures timely publication of accounts;
- Accurate and timely submission of shareholder returns;
- Oversight for BoU returns, URA – PAYE, NSSF, VAT, WHT and preparation of corporation tax;
- Submission of all URA/NSSF returns before due date i.e. at least 5 days;
- Adherence to lender and donor covenants
- Financial Analysis & cost containment: Prepares monthly analyses of income and cost drivers as and when requested for distribution to line management so as to enhance budgetary efficiencies
- System and Data integrity: Ensures prompt identification, logging, tracking and resolution of system issues through close working with ICT/Channels Manager/MIS and Automation of Financial processes and reports;
- Internal Controls and processes management: Ensures regular review and update of processes and procedures in line with changing International Reporting Standards, Regulatory and statutory requirements as well as internal operating processes in order to enhance reporting.
- Team Leadership: Takes full responsibility for performance management of all direct reports, focusing on all aspects of sound people management e.g. Recruitment, Development, Performance Management, Remuneration and Rewards, Career path planning, On-the-job training, coaching & mentoring and Employee engagement etc.
Qualifications, Education and Competencies
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