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Head – Treasury and Financial Accounting job at Uganda National Oil Company (UNOC) | Apply Now
Are you looking for Finance jobs in Uganda 2025 today? then you might be interested in Head – Treasury and Financial Accounting job at Uganda National Oil Company (UNOC)
About the Organisation
The Uganda National Oil Company Limited (UNOC) is a state-owned enterprise established in 2015 under the Petroleum Acts of 2013, with the mandate to manage Uganda's commercial interests in the petroleum sector and ensure the resource is exploited sustainably. UNOC's purpose is encapsulated in its statement: "Creating Value for Generations."
The company has garnered recognition for its strategic performance management, notably receiving the Balanced Scorecard Institute’s 2023 Award for Excellence, highlighting its strong leadership and organizational alignment. UNOC fosters a culture of innovation and professionalism, offering employees opportunities for holistic development across strategic, operational, and leadership dimensions. Regularly, the company announces job openings in various departments, with details available on their careers page.
Since its inception, UNOC has evolved by integrating sustainability into its corporate strategy, aligning with at least 11 of the 17 Sustainable Development Goals. Operating from its headquarters in Kampala, UNOC's vision is to be an innovative and profitable company operating across the petroleum value chain for the benefit of all Ugandans. The company's core values include innovation, integrity, and sustainability.
Through its corporate social responsibility initiatives, UNOC is committed to delivering strategic programs that foster long-term relationships with local communities. For more information, visit their official website at https://www.unoc.co.ug/.
Kampala, Uganda
Full Time
Job Title
Head – Treasury and Financial Accounting job at Uganda National Oil Company (UNOC)
Uganda National Oil Company (UNOC)
Job Description
UGANDA NATIONAL OIL COMPANY LIMITED (UNOC)
Headquarters: Plot 15 Yusuf Lule Road, P.O. Box 36316, Kampala, Uganda
EXTERNAL JOB ADVERT NO. 3 OF 2025
UNOC IS HIRING!
The Uganda National Oil Company (UNOC) Limited is a limited liability company fully owned by the Government of Uganda. It was established under the Petroleum (Exploration, Development and Production) Act and the Petroleum (Refining, Conversion, Transmission and Midstream Storage) Act, both enacted in 2013, and incorporated under the Companies Act, 2012.
UNOC is mandated to manage the State’s commercial interests in Uganda’s oil and gas sector, ensuring sustainable exploitation of petroleum resources.
We are now inviting qualified, motivated, and results-driven individuals to apply for the following position and grow their career with a dynamic organization:
Note: Successful candidates must be willing and able to work at any of UNOC’s operational locations.
Department: Finance
Job Title: Head – Treasury and Financial Accounting (1 Vacancy)
Reports To: Chief Financial Officer
Job Purpose
The Head of Treasury and Financial Accounting will be responsible for overseeing and ensuring the efficient management of company-wide treasury operations, transactional accounting, financial reporting, liquidity and investment management, financial analysis, and a strong internal control environment. The role is critical in safeguarding the financial integrity and stability of UNOC and its subsidiaries.
Duties, Roles and Responsibilities
Lead the development and monitoring of cash flow forecasts and plans.
Identify and recommend financing options for ongoing operations and new projects.
Manage the treasury investment portfolio to minimize idle cash and optimize returns.
Monitor and mitigate interest rate and foreign exchange exposure.
Prepare and review treasury reports and ensure compliance with policies and regulations.
Manage the company’s banking relationships to ensure efficient treasury operations and optimal financing structures.
Maintain effective relationships with financial institutions.
Monitor and manage inter-company funding arrangements.
Review and validate financial models for key projects and business ventures.
Oversee the preparation of statutory accounts for UNOC, Uganda Refinery Holding Company, and Uganda Pipeline Company in compliance with IFRS.
Coordinate periodic petroleum revenue reporting for both operated and non-operated assets.
Ensure compliance with all relevant legal and regulatory requirements.
Provide technical analysis on new or revised IFRS standards.
Prepare accurate monthly, quarterly, and annual financial and management reports.
Develop and implement finance and treasury policies and procedures.
Design and review efficient business processes and systems.
Implement and monitor the financial control framework.
Maintain and manage the department’s risk register.
Safeguard the integrity and accuracy of financial data and information.
Oversee both internal and external audit processes.
Maintain a financial compliance checklist for ongoing monitoring.
Address finance-related audit findings and ensure timely implementation of recommendations.
Review monthly Joint Interest Billings and Cash Calls from Joint Venture (JV) partners.
Ensure compliance with financial obligations under Upstream JOAs and Midstream governance mechanisms.
Participate in periodic Joint Venture meetings such as TPMs, FTMS, TCMs, and FCMs.
Coordinate updates and maintenance of the non-operated assets structure.
Contribute to the review, negotiation, and implementation of Joint Venture Partner Agreements.
Support audits conducted by Joint Venture Partners.
Maintain the company’s Chart of Accounts, Work Breakdown Structure (WBS), and Cost Breakdown Structure (CBS).
Follow up on Cost Recovery Audits for Non-Operated Assets in accordance with PSA provisions.
Monitor and control budgets to prevent over-expenditure across UNOC and its subsidiaries.
Lead, coach, mentor, and develop the treasury and accounting team.
Perform any other duties assigned by the supervisor.
SERVICES
COMMERCIAL
SERVICES
INDUSTRIAL
SERVICES
RESIDENTIAL
Qualifications, Education and Competencies
A Bachelor’s Degree (Hons) in Commerce, Finance, Accounting, Business Administration, or a related field from a recognized university.
A Master’s Degree in Business Administration or a related discipline.
Full professional accounting qualification such as ACCA, CPA, CMA, or CIA.
A minimum of 10 years’ experience, with at least 5 years at a senior/managerial level, in a reputable and dynamic organization.
Proven experience in strategy implementation, business planning, and financial reporting in complex environments.
Demonstrated proficiency in analyzing, refining, and presenting financial data.
Solid knowledge of Oil & Gas sector operations is an advantage.
Strong proficiency in MS Office and Enterprise Resource Planning (ERP) systems.
Skills & Competencies
Strategic Thinking: Ability to define and communicate a clear vision aligned with corporate goals.
Adaptability: Comfortable working in fast-paced, high-pressure environments with shifting priorities.
Innovative Mindset: Leverages technology and creativity to enhance financial processes.
Data-Driven Decision-Making: Skilled in using financial data and analytics for business insights.
Collaboration: Strong interpersonal and cross-functional teamwork skills.
Leadership in Change Management: Proven ability to drive and manage organizational change.
Risk Management: In-depth understanding of treasury risks and control measures.
Financial Planning & Budgeting Expertise
Professionalism & Confidentiality
Cash Flow Planning & Management
Financial Reporting & Internal Controls
Commercial Acumen
Negotiation and Influencing Skills
Exceptional Analytical Abilities
How to Apply
APPLICATION PROCEDURE & DEADLINE
This is a general information notice.
Interested candidates are invited to submit their applications via the UNOC online recruitment system, available at: https://www.unoc.co.ug/career-opportunities/.
All applications must be received no later than Friday, 29th August 2025, by 11:59 PM EAT.
Applicants must upload certified copies of the required academic documents, such as relevant degree transcripts, postgraduate diplomas, or master’s certificates.
Please note that only applications submitted through the official UNOC recruitment portal will be considered.
Important: UNOC is an equal opportunity employer and does not charge any fees at any stage of the recruitment process.
