Summary
Date Posted: Wednesday, December 15, 2021 , Base Salary: Not Disclosed

JOB DETAILS:
Job Purpose:
• To provide leadership and overall oversight in the execution of the Finance department roles and takes overall responsibility for financial planning, management and control, financial reporting as well as putting in place a strong internal control environment to ensure the integrity of all financial information. Lead strategy formulation and execution process and ensure compliance to tax requirements.

Key Responsibilities:
• Responsible for overall supervision of activities, administration and efficient daily operations of the Finance department.
• Develop, cascade and monitor the implementation of financial strategy and work plans/Activity plans aligned to the overall bank strategy.
• Technical support in areas of financial management, accounting, budgeting and strategy.
• Train, motivate and manage performance of the finance team to enhance staff productivity thorough daily supervision of the team’s activities, feedback and provision of leadership in line with the HR policies.
• Monitor expenses and control costs within the Bank by carrying out periodic monitoring, evaluation, control and approval of budget requests and assessment/review/evaluation of Bank’s financial condition, financial position and recommend viable alternatives for cost effective operation.
• Develop performance measures that support the bank’s strategic direction and champion the achievement of revenue targets on interest income and off-balance sheet earnings through continuous monitoring of business performance and profitability performance mechanisms in line with the bank’s overall strategy.
• Provide strategic support and directives to various business offices within the Bank during the Bank audit by regulatory authorities/external auditors, Review the findings and recommendations made by the internal & external auditors and drive adherence to internal and external policies to meet compliance requirements of the Bank and regulatory authorities.
• Prepare, present and interpret financial reports to Management, Board of Directors, relevant shareholders and to direct and supervise preparation of all fiscal reporting.
• Ensure performance management of all staff under his/her directs supervision to ensure that departmental goals and objectives are meant in line with the overall Department. Set annual performance targets considering, quality, and efficiency of the banks Finance section.
• Develop and maintain functional systems for submitting accurate and timely periodic information to Bank of Uganda and Uganda Revenue Authority (URA), National Social Security Fund (NSSF) and any other regulatory authorities in accordance with the applicable regulations and Laws of Uganda.
• Drive adherence to GL compliance, best practice financial management governance and other regulatory and non- regulatory policies and standard.
• Pursue positive perception of the bank by all regulatory authorities and agencies and liaise with concerned units in preparing all responses to queries from the regulatory authorities and other agencies;
• Ensure proper functioning of day to day controls, periodic monitoring activities and timely resolution of risk issues and attend governance meetings and implement resolutions out of governance forums relating to Finance and the Bank.
• Takes full responsibility for performance management of all direct reports, focusing on all aspects of sound people management through mentorship and coaching sessions as well as implementing robust succession planning within the department.
• Ensure prudent management of key finance risks to the organization, coming up with effective means/policies to address them.
• Provide input into Treasury investment appraisals and analysis against return while ensuring adequate liquidity for loan disbursements and operational expenses throughout the Banks’s network while ensuring that the Bank’s operations are conducted in conformity to capital requirements as stipulated by FIA and other capital guidelines issued by Bank of Uganda.

Education.
• University degree preferably in Business or Accounting coupled with full professional accounting qualifications plus.
• Professional Qualifications compulsory with CPA as a MUST possession/ have.
• Must be a registered member of ICPAU.
• Comprehensive understanding of the Banking practice and theory in operating systems and internal reporting requirements.
• Understanding of the local regulatory requirements.
• Understanding of IFRS.
• Strong analytical skills and an eye for details.

Experience.
• At least 5 years’ experience in a core Finance function of a busy financial institution.

Skills and competencies.
• Leadership and Team building
• Good communication skills
• Professional disposition, Strategy formulation & Business Awareness, Creativity & Innovation Networking skills.
• Resource Management, Delegation & Empowerment, Ability to Inspire & Manage Change.
• Analytical Thinking, Decision Making, Problem Solving, Diversity Management
• Interrogatory skills and Communication skills.
• Fraud Detection & Control; Internal Audit practice.
• Policy and Regulatory Interpretation skill and Implementation capability
• Capacity to plan and anticipate challenges and provide proactive solutions.
• Integrity and capacity to challenge actions of peers.
• Ability to work under pressure in a highly challenging environment

Work Hours: 8

Experience in Months: 36

Level of Education: Bachelor Degree

Job application procedure
Interested candidates should send their application letters together with their curriculum vitae to the Head Human Resources at recruitment@cbu.co.ug

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