Summary
Date Posted: Wednesday, August 23 2023, Base Salary: Not Disclosed

JOB DETAILS:
Job Purpose :
To manage & coordinate the accounting function of UNS-SACCO so as to facilitate the achievement of the SACCO’s goals and objectives.

Key result areas:
The incumbent will be responsible for:
Financial management and accounting
• Providing management with monthly, quarterly, and annual financial reports for decision making;
• Preparation of final accounts, cashflow statement and forecast statements in line with the International Financial Reporting Standards (IFRS);
• Managing the financial resources, including advising on potential sources of revenue and cost control mechanisms;
• Ensuring that all financial records and books of accounts, including bank reconciliation statements, member accounts, General Ledgers are regularly updated;
• Ensuring all financial transactions are fully accounted for.
• Prepare and file monthly Tax returns, National Social Security Fund (NSSF) remittances or any other returns required by a government agency, ministry, or department.
• Advising on financial decisions of the SACCO;
• Managing the SACCO asset register;

Cashflow and investments management
• Advising of potential investment opportunities that boost profitability;
• Monitoring of cashflows to ensure sufficient SACCO liquidity to meet operational needs;
• Development of a performance analysis of investment options.
• Ensure the financial assets are optimally deployed to generate the best possible returns for the members.
• Maintain an efficient cash flow management system to ensure timely disbursement of loans and the prevalence of an overall environment of prudent fiscal management at UNS-SACCO

Internal controls and risk management
• Maintain a risk register for the operations of UNS-SACCO and design mitigation measures to manage the risks;
• Implement the annual Anti Money Laundering plan and perform the relevant quality assurance checks to ensure adherence.
• Ensure adherence to UNS-SACCO’S financial policies and procedures and suggest ways to improve systems and mitigate risks.
• Perform regular system checks to identify any irregularities and propose immediate corrective actions to the General Manager.
• Support and coordinate the internal audit activities while ensuring that all audit issues are addressed timely, transparently, and professionally.
• Coordinate the external audit of the books of accounts of UNS-SACCO in line with the required formats, agreed timelines and other statutory requirements.
• Provide the Supervisory Board with all necessary documents and information while performing their supervisory role.

Planning and Management (Contribution to Strategy and Direction)
• Providing technical support in the SACCO planning and budgeting process;
• Support the General Manager in the strategic planning and management of SACCO operations.
• Advise and assist SACCO governance with formulating ideas that can help achieve the strategic objectives.
• Develop and update the different financial and investment policies and procedures that are necessary for the efficient and effective running of the UNS-SACCO.

Other duties
• Perform any other lawful duties as may be requested/assigned by the General Manager from time to time.

Person Specifications
Qualifications:
The incumbent will have the following qualifications:
• Bachelor’s degree in Commerce (Accounting option), or Business administration (with a bias in Accounting), or Economics from a recognized University;
• Full Professional qualification in ACCA or CPA;
• Postgraduate diploma in Financial Management or accounting as an added advantage;
• Proficiency in accounting software, spreadsheets, databases, and other computer applications.

Experience:
• A continuous experience of 3 years working in a similar post is desirable. Knowledge of SACCO operations, products and regulations is an added advantage.

Key Competencies:
• Ability to write concise reports.
• Ability to summarize large amounts of information into simple reports.
• Good communication, interpersonal and presentation skills.
• Excellent analytical, numerical, and problem-solving skills.


Work Hours: 8

Experience in Months: 36

Level of Education: Bachelor Degree

Job application procedure

Interested applicants should forward their cover letter, curriculum vitae, and academic documents by email to recruitment2018@uns-sacco.com  addressed to;
The General Manager,
UNS SACCO LTD,
P.O Box 21412,
Kampala
Deadline for submission of applications: Tuesday 05th September, 2023 by 5:00PM (East African Time).

Note: Only shortlisted candidates will be contacted. Any form of canvassing will lead to automatic disqualification


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