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Project Accountant job at Uganda Investment Authority (UIA) | Apply Now

Are you looking for Accountant Jobs in Uganda 2024? If yes, then you might be interested in Project Accountant job at Uganda Investment Authority (UIA)

Kampala, Uganda



March 25, 2024 at 2:00:00 PM

About the Organisation

The Uganda Investment Authority (UIA) is a semi-autonomous government agency operating in partnership with the private sector and the Government of Uganda to drive national economic growth and development. The Authority was set up by an Act of Parliament (Investment Code 1991, which was later revised to the Edition 2000 Laws of Uganda) 2019 with the aim of promoting and facilitating private sector investment in Uganda.

The ability of the Authority to fulfill its mandate primarily lies in the way in which its Human Resource is managed from the point of entry, stay, exit and post-exit. It is a policy of UIA to attract and retain a highly qualified and competitive workforce to fulfill its mandate and hence the need to fill the vacant positions.

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Job Title

Project Accountant job at Uganda Investment Authority (UIA)

Job Description

Uganda Investment Authority (UIA) is a statutory agency which is mandated to promote, attract, facilitate, register, monitor and evaluate all forms of investments and business activities in Uganda as per the Investment Code Act, 2019.

It is on the basis of this mandate that UIA initiates and supports measures that enhance investments in Uganda and advises Government of appropriate policies conducive for investment promotion and growth in the country.

UIA seeks to recruit highly Competent, Experienced and Motivated qualified individuals to fill the following position

Duties and Responsibilities

  • Budgeting and Forecasting: Developing project budgets in collaboration with project managers and stakeholders. This involves estimating costs, revenue, and resource requirements for each project phase.

  • Financial Reporting: Preparing regular financial reports to track project performance against budgeted costs and revenue. This may include variance analysis and explanations for any discrepancies.

  • Cost Control: Monitoring project expenditures and ensuring they stay within budgeted limits. Identifying cost-saving opportunities and implementing cost control measures where necessary.

  • Billing and Invoicing: Generating invoices for clients based on project milestones or completed work. Ensuring accurate and timely billing to maintain positive cash flow.

  • Revenue Recognition: Ensuring that revenue is recognized in accordance with accounting standards and project milestones. This may involve collaborating with project managers to validate completion of deliverables.

  • Financial Analysis: Analyzing project financial data to identify trends, risks, and opportunities for improvement. Providing insights to project managers and stakeholders to support decision-making.

  • Compliance and Audit: Ensuring compliance with relevant financial regulations and internal policies. Coordinating with auditors during financial audits and providing necessary documentation and support.

  • Contract Management: Reviewing project contracts and understanding their financial implications. Ensuring that project costs and revenue are aligned with contract terms and conditions.

  • Cash Flow Management: Monitoring project cash flow and ensuring adequate liquidity to meet project obligations. Managing cash reserves and optimizing cash management strategies.

  • Documentation and Recordkeeping: Maintaining accurate financial records and documentation related to project transactions, contracts, and correspondence. Ensuring records are organized and accessible for audit purposes.

  • Collaboration and Communication: Working closely with project managers, finance teams, and other stakeholders to ensure alignment of financial objectives with project goals. Communicating financial information effectively to non-financial stakeholders.

  • Continuous Improvement: Identifying opportunities to streamline processes, enhance efficiency, and improve financial controls within the project accounting function.

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Qualifications and Competencies

  • Educational Background: A bachelor's degree in accounting, finance, or a related field is typically required. Some employers may prefer candidates with additional certifications such as Certified Public Accountant (CPA), Chartered Accountant (CA), or Certified Management Accountant (CMA).

  • Experience: While entry-level positions may be available for recent graduates, mid-level and senior project accountant roles often require several years of relevant experience in accounting or financial management, preferably in a project-based environment.

Technical Skills:

  • Proficiency in accounting software such as QuickBooks, SAP, Oracle, or similar platforms.

  • Strong understanding of financial principles, including budgeting, cost accounting, and financial reporting.

  • Ability to analyze financial data and generate insightful reports.

  • Knowledge of relevant accounting standards and regulations (e.g., GAAP, IFRS).

  • Familiarity with project management tools and methodologies.

  • Attention to Detail: Project accountants must be meticulous in their work to ensure accuracy in financial reporting, budgeting, and cost control activities.

  • Analytical Skills: The ability to interpret financial data, identify trends, and analyze variances is crucial for effective decision-making and problem-solving.

  • Communication Skills: Project accountants often collaborate with project managers, clients, and other stakeholders. Strong verbal and written communication skills are essential for conveying financial information clearly and effectively.

  • Organizational Skills: Managing multiple projects simultaneously requires excellent organizational skills to prioritize tasks, meet deadlines, and maintain thorough documentation.

  • Adaptability: Projects can be dynamic and subject to change. A project accountant should be adaptable and able to adjust to shifting priorities and requirements.

  • Integrity and Ethics: Given the sensitive nature of financial information, project accountants must adhere to high ethical standards and maintain confidentiality.

  • Problem-solving Abilities: Project accountants encounter various financial challenges and discrepancies that require problem-solving skills to resolve effectively.

  • Team Player: Collaboration is key in project environments. Project accountants should be able to work effectively as part of a team, supporting project managers and other stakeholders in achieving project objectives.

  • Continuous Learning: The accounting field is constantly evolving, with changes in regulations, technologies, and best practices. A willingness to engage in continuous learning and professional development is essential for staying current and relevant in the role.

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How to Apply

Are you interested? Click the "APPLY" button below to submit your application.


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