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Financial Controller UBL Kampala

Posted by Uganda Baati Limnited Private Central
  • Company: Uganda Baati Limnited
  • Experience: >10 years
  • Studies: Bachelor
  • Category: Banking - Finance
  • Contract: Undefined
  • Salary: Undefined
Manage, control and ensure that Uganda Baati accounting activities and procedures conform to generally accepted accounting principles and comply with the approved policies and procedures of the Company and the SAFAL Group. In addition, lead and coordinate all tasks and functions relate to financial reporting, cash flow management, debt financing etc. Fulfill in a timely manner all financial obligation and requirement with third parties.Main responsibilities1. Budgeting:i. To prepare Annual Business Plan;ii. To monitor the Company’s actual performance vis-à-vis the approved Business Plan and prepare and submit required periodic MIS.2. Treasury and Banking:i. To ensure that all the cash / cheque / direct credit to bank accounts are reconciled and accounted for on daily basis; o coordinate with Banks and ensure smooth completion of all the financial transactions;ii. To manage Debtors accounts so as to ensure that all the Debtors Accounts are within the authorized Credit Limits as well as within the authorized Credit Period and suggest ways and means to continuously improve upon the number of days outstanding so as to improve the cash flow to meet the business needs in time;iii. To ensure that necessary funds are arranged well within time to meet all the financial commitments of the business in time including timely payment to trade creditors;iv. To ensure that all the available banking facilities are used in such a way so that overall costs are not only kept in control but constant savings are achieved;v. To ensure proper payroll verification and payment.vi. To ensure renewal of all banking facilitiesvii. To ensure forex hedging in order to minimize the foreign exchange exposure and risk due to volatile fluctuating foreign currency markets and negotiating for more competitive foreign currency rates3. Financial Accounting and Reporting:i. To ensure compliance with internal financial and accounting policies and proceduresii. To ensure that all statutory requirements of the organization are met including PAYE, NSSF, Withholding Tax, Income Tax, Goods and Services Tax.iii. In collaboration with the Accountant, prepare all supporting information for the annual audit with the approved external auditor.iv. Develop and maintain financial accounting systems for cash management, accounts payable, accounts receivable, credit control, and petty cash, insurance.v. Review monthly reports and implement monthly variance reporting as compared to budget.vi. Manage the cash flow and prepare cash flow forecasts in accordance with group guidelines.vii. To ensure renewal of Company’s insurance policies as per due dates and negotiate insurance premium to reduce insurance costs. Submission and follow up of insurance claims with Insurance Company.viii. To ensure and verify proper fixed asset accounting.4. Business Review Meeting; Board Meetings and General Meetings:i. To prepare Papers for Business Review Meetings / Board Meetings / General Meetings;ii. To prepare presentation to be made in Business Review meeting / Board Meeting / General Meeting;iii. To attend to all matters relating to Company’s insurance policies and their review in close cordination with the Insurance company.iv. To ensure, in close coordination with the Tax Consultants, that Assessments of various taxes are finalized with relevant Authorities and Refunds as may be due are claimed and obtained;v. To attend to all the matters relating to Taxes with Uganda Revenue Authority and other relevant Authorities, arising from time to time.5. Manage Performance of subordinatesKnowledge, skills and experience requiredThe job requires:o Knowledge of generally accepted accounting and internal control principleso Strong analytical, problem solving and decision making skills to evaluate alternatives and provide recommendations on business issueso Excellent oral and written communication skills in Englisho Possess a dynamic leadership skills and excellent team-work qualitiesMinimum Qualifications and Experience Requirements• A Bachelor’s Degree in Accounting or Commerce• An Accounting related certification such as (CA, ACCA, MA)• Professional registration with recognized Accounting body• 10-15 years of varied practical, supervisory experience with solid background in the steel industryComputer literacy:o Microsoft Office,o ERP systems experience preferable, but not essentialPersonality profile:o Positive attitudeo Employee-centrico Fast paced and prompto Achievement orientedo Energetic and enthusiastico Self-motivatedo FocusedAdditional/specific work requirements:o Business acumen essentialo Willingness to work long hours when required
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