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Senior Financial Analyst job at Local Government Finance Commission | Apply Now
Are you looking for Finance Jobs in Uganda 2024? If yes, then you might be interested in Senior Financial Analyst job at Local Government Finance Commission
The Local Government Finance Commission (LGFC) is a statutory body in Uganda tasked with advising government on equitable resource allocation and enhancing the financial sustainability of local governments. Its mission is to promote efficient and transparent public finance management at the local government level, ensuring that resources are effectively allocated to improve service delivery in communities across Uganda. LGFC has gained recognition for its work in strengthening local government financing frameworks and advocating for fiscal decentralization.
The Commission maintains a work culture that values collaboration, integrity, and continuous professional development, offering employees opportunities for growth and engagement in impactful public service projects. Since its establishment, LGFC has evolved to become a key player in shaping Uganda’s decentralized financial system, driving innovations in fiscal policies and governance. The Commission’s business model is centered on research, policy development, and providing technical support to local governments to improve financial management practices.
LGFC operates throughout Uganda, ensuring that local governments are empowered with the necessary tools to manage public finances effectively. Guided by core values of accountability, transparency, and inclusivity, LGFC remains committed to corporate social responsibility by supporting initiatives that promote good governance, economic development, and community empowerment. For more information, visit www.lgfc.go.ug.
Kampala, Uganda
Full-time
Senior Financial Analyst job at Local Government Finance Commission
Local Government Finance Commission
Local Government Finance Commission, established under Article 194 of the Constitution of the Republic of Uganda and mandated to advise the President on all matters concerning the distribution of revenue between the Government and local governments and the allocation to each local government of monies out of the Consolidated Fund among others.
Applications are hereby invited from suitably qualified Ugandans to fill the following vacant position on the new LGFC structure.
Financial Analysis and Reporting
Financial Reporting: Prepare detailed financial reports, including income statements, balance sheets, and cash flow statements.
Variance Analysis: Conduct variance analysis to compare actual results with budgets and forecasts, identifying trends and explaining discrepancies.
Performance Metrics: Develop and track key performance indicators (KPIs) to measure the organization's financial health and operational efficiency.
Budgeting and Forecasting
Annual Budget: Assist in the preparation of the annual budget, working with various departments to gather input and consolidate financial data.
Forecasting: Create and update financial forecasts, including revenue, expenses, and capital expenditures, to predict future financial performance.
Scenario Analysis: Perform scenario analysis to evaluate the impact of different business strategies and market conditions on financial outcomes.
Strategic Planning
Strategic Support: Provide financial analysis and support for strategic initiatives, such as mergers and acquisitions, capital projects, and new business opportunities.
Business Cases: Develop detailed business cases for proposed projects, including financial projections, risk assessments, and ROI analysis.
Market Analysis: Conduct market analysis to understand industry trends, competitive dynamics, and economic conditions affecting the business.
Data Management and Analysis
Data Collection: Gather financial and operational data from various sources, ensuring accuracy and completeness.
Data Analysis: Use advanced analytical techniques to interpret financial data and provide insights that inform decision-making.
Financial Models: Build and maintain complex financial models to support various business analyses and forecasting needs.
Cross-Functional Collaboration
Departmental Collaboration: Work closely with different departments to understand their financial needs and provide relevant analysis and reporting.
Executive Reporting: Prepare reports and presentations for senior management and the board of directors, highlighting key financial insights and recommendations.
Project Support: Provide financial support for cross-functional projects, ensuring financial considerations are integrated into decision-making processes.
Process Improvement
Process Optimization: Identify opportunities to improve financial processes, enhance data accuracy, and increase efficiency.
Technology Utilization: Leverage financial software and tools to streamline reporting and analysis processes.
Best Practices: Implement best practices in financial planning and analysis to enhance the overall effectiveness of the finance function.
SERVICES
COMMERCIAL
SERVICES
INDUSTRIAL
SERVICES
RESIDENTIAL
Education and Experience
Educational Background: A bachelor's degree in finance, accounting, economics, business administration, or a related field is typically required. A master's degree (e.g., MBA) or relevant professional certification (e.g., CFA, CPA) is preferred.
Experience: Significant experience (typically 5-7 years) in financial analysis, planning, and reporting. Previous experience in a senior or advanced analyst role is essential.
Skills and Competencies
Analytical Skills: Strong analytical skills to interpret complex financial data and provide actionable insights.
Financial Acumen: Deep understanding of financial principles, accounting standards, and financial modeling.
Advanced Excel: Proficiency in Microsoft Excel, including advanced functions, pivot tables, and financial modeling.
Financial Software: Familiarity with financial planning and analysis software (e.g., Hyperion, SAP, Oracle, Tableau) and ERP systems.
Attention to Detail: High attention to detail and accuracy in financial analysis and reporting.
Communication Skills: Excellent verbal and written communication skills, with the ability to present financial information clearly and persuasively.
Problem-Solving: Strong problem-solving skills to address financial challenges and identify opportunities for improvement.
Project Management: Ability to manage multiple projects simultaneously, ensuring timely and successful completion.
Personal Attributes
Integrity: Strong ethical standards and integrity in handling financial data and conducting analysis.
Team Player: Collaborative mindset with the ability to work effectively with cross-functional teams.
Initiative: Proactive and self-motivated, with a strong drive to improve processes and contribute to the organization's success.
Adaptability: Ability to adapt to changing business conditions and organizational needs.
The interested applicants should submit hard copies of the application in triplicate specifying the position with a detailed curriculum vitae, cover letter, photocopies of academic certificates, and testimonials or may submit applications through LGFC Email: Igfc@lgfc.go.ug
