Vacancy title:
Financial Specialist

Jobs at:
Rural Electrification Agency ( REA )

Deadline of this Job:
Friday 14th September 2018

Duty Station:
Uganda

Summary
Date Posted: 30th August 2018 , Base Salary: Not Disclosed , Employment Type: Full-Time

About the Company

JOB DETAILS:
REA is seeking to recuit individuals of high integrity, dedication, and dedication for the position of Financial Specialist whose details can be viewed and obtained on the procurement notice board of REA at REA offices on www.rea.or.ug

Main Purpose
The Financial Specialist will provide financial management support for the ECP Programme. He/She will as well ensure eflicient and effective financial planning and forecasting to meet the ECP goals.

Scope of the assignment and Key Responsibilities
The Financial Specialist will be required to carry out the following:

• Prepare financial management guidelines to facilitate implementation of the ECP.
  
• Prepare annual budgets that are tailored to achieving the annual connection targets and submit these to management for review.
  
• Monitor the financial commitments and have these reconciled to available funding. Ensure there is no over commitment.
  
• Prepare monthly cash flow forecast/projections.
  
• Process payments under the ECP and ensure these are appropriately approved as per funder and GoU requirements.
  
• Ensure timely settlement of all payments to service providers
  
• Work closely with funders to ensure timely disbursement of funds for efficient and effectively implementation of connection activities.
  
• Gather and analyse financial data tor reporting purposes
  
• Prepare periodic financial reports for respective funders in line with the funding agreements.
  
• Participate in conducting accurate and timely closing activities including preparation and recording of entries, financial statements and maintenance of supporting records and files
  
• Participate in the preparation of financial reports for REA in liaison with the Finance Manager.
  
• Undertake monthly bank reconciliations and have these appropriately approved
  
• Apply Generally Accepted Accounting Principles (GAAP) to create financial statements, including income statements, balance sheets, cash flow statements, and other supporting footnotes and schedules.
  
• Provide support and assistance to external auditors.
  
• Prepare other financial reports as will be required.
  
• Undertake any other activities as requested by the PCO and Finance Manager.
  

Qualifications and Experience

• A Bachelor's degree in Accounting, Business Administration/ Commerce/Finance or any other related field.
  
• Professional Accounting qualification and membership such as ACCA, CPA, CFA and CA. ~
  
• A Post Graduate qualification in Business Administration! Accounting/Finance is an added advantage.
  
• At least 5 years’ experience in financial management, financial analysis and accounting, 3 years of which should have been spent in an accounting and financial management role at a project.
  
• Understanding of donor and Government of Uganda operations.
  
• A high level of interpersonal and management skills and ability to work with teams in the organisation at all levels.
  
• Must be able lo work under pressure and tight deadlines.
  
• Computer knowledge and skills in MS Word, MS excel and internet/email is a mandatory requirement.
  
• Proven integrity and confidentiality in handling public resources.
  
• Excellent written and verbal communication skills. Fluency in English.
  
• High level of interpersonal and management skills and ability to work with teams within and outside the organisation at all levels.
  
• Must be able to work under pressure and deliver amidst tight deadlines.
  
• Computer knowledge and skills in MS Word, MS excel and internet/email is a mandatory requirement.
  
• Proven integrity and confidentiality in handling public resources.
  
• Excellent written and verbal communication skills. Fluency in English.
  

Period of performance
The assignment shall be tor a period of 2 (Two) Years subject to probation period of 6 (Six) months, and renewable subject to satisfactory performance.

Reporting:
The Financial Specialist shall report to the Manager, Finance and Administration, but will work closely with the Connections Department.

Key Performance indicators

• Financial management guidelines to facilitate the implementation of the connections policy.
  
• Annual budgets to implement the ECP.
  
• Monthly cash flow forecasts to facilitate drawn downs and payments to service providers and other related activities of the project.
  
• Monthly progress reports indicating the activities implemented, challenges faced and proposed solutions.
  
• Periodic (monthly, quarterly and annual) financial reports of the project.
  
• Monthly financial statements for respective funder indicating funds received, funds disbursed and remaining balance as per funding agreement.
  
• Monthly bank reconciliation of respective bank accountants and funders.
  

8. Duty Station:
The Financial Specialist position will be based in Kampala..