Summary
Date Posted: Thursday, July 14, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
Chief Accountant

Knowledge, Skills & Competences
• Understanding the oil industry dynamics, Business & Competitors.
• Able to Motivate, Coach & Develop others.
• Working with teams and with minimum supervision
• Demonstration of Enterprise First behaviors (Leadership, Accountability, and Teamwork) and core values (Honesty, Integrity, and Respect for People)
• Demonstrate competence in managing a winning finance team, implementing standard processes, achieving, building relationships with suppliers and debtors, and delivering results.
• Excellent interpersonal skills
• Ability to carry out financial projections
• Knowledge of computerized accounting packages
• Good analytical abilities and proficiency in MS Office

Responsibilities
• The purpose of this job is the management of the financial affairs of the company in line with the company strategy, enhance controls and profitability targets for the Company.
• The Chief Accountant is accountable for the timely delivery of operational targets of the department while interfacing with all relevant departments (Sales and marketing, Operations-Engineering & Distribution, and Administration & Human Resources, etc.) to achieve short and long-term scorecard objectives.
• The Chief Accountant is responsible for managing and overseeing the accounting team who currently include: Credit Controller, Accounts Payable Accountant, Accounts Receivable Accountant and Stocks Accountant

Duties and responsibilities
Reporting
• Month-end closure by booking recurring journals, analysis of GLs, and closure of modules by 5th of the subsequent month.
• Preparation of financial statements and reports.
• Reconciliation of bank accounts by 5th of the subsequent month and resolution of outstanding items within 15 days.
• Reconciliation of stocks by 5th of the subsequent month and resolution of outstanding items within 15 days.
• Ensure reconciliation of balance sheet accounts
• Budget

Preparation of budgets and forecasts
• Carryout a budget variance analysis. Control and reviewing all accounting entries to ensure proper booking in line with budget. Analysis of actual income and expenditure against the budget and determining cause of any variation.

Operational day-to-day
• Maintaining the fixed asset register. Liaising with management information system on system analysis and ensuring all asset movements are recorded and register updated on timely manner.
• Ensure compliance with tax laws in Uganda including preparation of tax returns
• Ensure stock control within the company, i.e., stock reconciliations, stock takes, stock gains/losses monitoring.
• Ensure company tax returns (Corporate, VAT, Withholding Tax) are done before set deadline e.g. by 15th of subsequent month.
• Reconciling the daily banking against receipts raised by noon each day, clearing receipts & payments in the system, reporting on the bounced cheques to cashier and credit control for reversal within the same working day.
• Following up and ensure payments to suppliers are done in the Bank and in Oracle on a timely basis within the next working day from time we receive the payment from Financial Controls.
• Carry out account Receivables (account analysis, credit/debit note, communication and staff accounts) and ensure no long outstanding balances.
• Prepare weekly cash utilization report every Friday morning.
• Any other duties assigned by the Supervisor

Qualifications
• Minimum of Bachelor’s degree Education in accounting/finance or equivalent
• ACCA/CPA finalist

Details of experience
• Minimum 4 years post qualification experience with audit background

Work Hours: 8

Experience in Months: 48 12:00:00 AM Bachelor Degree

Job application procedure
Candidates who meet the requirements should send their documents to: sharon@futureoptions.org  not later than Wednesday the 20th of July 2022
Application deadline: 2022-07-20



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