Chief Financial Officer
2025-04-08T10:34:21+00:00
Uganda Railways Corporation
https://www.greatugandajobs.com/jsjobsdata/data/employer/comp_3328/logo/China%20Railway%2018th%20Bureau%20Group%20Co%20Ltd%20(Uganda).png
https://urc.go.ug/
FULL_TIME
Plot 57, Nasser Road, Kampala, Uganda. P.o. Box 7150
kampala
Kampala
00256
Uganda
Finance
Accounting & Finance
2025-04-11T17:00:00+00:00
Uganda
8
About the Company:
Uganda Railways Corporation (URC) is a body corporate established under an Act of Parliament to construct, operate and maintain railway, marine and road services both inside and outside Uganda for the carriage of passengers and goods. As a result of privatisation of operations, the mandate of URC changed from that of an operator to that of asset holder, concession monitor and advisor on railway technical matters.
URC is recruiting a CFO to lead the finance team and render robust financial controls. The CFO will play a pivotal role in ensuring URC’s financial health and long-term sustainability.
Job Summary:
The CFO will be responsible for the Corporation’s strategic financial management, Reporting, driving revenue growth and profitability, Managing and Mitigating financial and non-financial Risk, and ensuring compliance with financial reporting standards and, statutory and other relevant obligations. The CFO will ensure that financial reports meet the expectations of management, institute robust financial controls, and provide leadership and guidance to the finance team in a bid to support URC’s transformation agenda, goals, and strategic objectives.
Key Duties and Responsibilities:
- Planning and Implementing the Financial Strategy
- Develop and implement the financial strategies and action plans that align with URC’s transformation agenda, goals and strategic objectives.
- Lead planning, financial, and budget execution to ensure proper resource allocation,
- Provide financial insights to optimize cost efficiency and revenue generation.
- Provide insights and recommendations to support key business decisions and growth opportunities including developing, monitoring and updating financial forecasts and analysing business trends, changes in market conditions, business operations, or factors that may impact future performance.
Financial Reporting & Compliance
- Ensure accurate, timely, and transparent financial reporting
- Strengthen internal financial controls to mitigate fraud and mismanagement.
- Ensure that sound procurement and asset management systems are in place.
- Ensure compliance with relevant laws, national financial regulations and international standards and best practices.
Budgeting & Financial Management
- Develop realistic Budgets Plans that support URC’s operations and projects.
- Manage and monitor budget performance, cash flows, working capital and prevent cost overruns.
- Establish financial models for long-term sustainability.
Risk Management & Internal Controls
- Identify and manage financial and non-financial risks, including foreign exchange risks affecting infrastructure projects.
- Ensure systems to enhance accountability and transparency.
- Develop strategies to improve liquidity and working capital management.
Funding & Investment Planning and implementation
- Lead efforts to secure financing for infrastructure projects.
- Ensure that implementation of capital projects such as new railway lines or station upgrades is timely and within budget.
- Optimize capital expenditure and debt management.
- Engage with development partners and stakeholders for potential funding opportunities.
Leadership & Stakeholder Engagement
- Advise the Managing Director on financial matters.
- Lead, and manage performance and mentorship of the finance team
- Foster a culture of accountability and financial discipline within URC.
- Work closely with external auditors, government agencies, and financial institutions.
Key Performance Indicators (KPIs)
Financial Reporting & Accountability
- Timeliness and accuracy of monthly, quarterly, and annual financial reports.
- Compliance with financial reporting standards and government reporting requirements.
- Streamline and ensure the functionality of the corporation’s financial management processes and procedures.
- Timeliness in reporting on market changes that may affect the financial performance of the corporation and tender advice in taking strategic decisions to seize opportunities or counter negative trends.
Budgeting & Financial Operations Management
- Successful development and implementation of the annual budget. Reduction in budget variances and cost overruns.
- Rendering informed guidance on budget priorities that spur revenue growth and profits.
- Planning resources and providing accurate month-to-month budget forecasts
Financial Control & Risk Management
- Strengthening of internal controls to ensure effective oversight in the management of expenses and operational costs as well as cash flows and working capital.
- Implementation of fraud prevention measures.
- Improved compliance with statutory obligations and relevant national laws/regulations and international financial instruments.
Revenue Optimization & Cost Efficiency
- Reduced costs through effective cost management and cost-effective financial strategies.
- Percentage increase in the corporation’s revenue and profitability
- Reduction in reliance on government funding.
Financial Sustainability & Investment Strategy
- Implementation of a 5-year financial sustainability plan.
- Successful mobilization and management of funds and funding for key railway projects.
- Improved financial investor relations and trust
- Robust project financial management.
Stakeholder Engagement & Leadership
- Creativity in cultivating a better-performing, motivated, and innovative finance team
- Number of strategic business finance decisions influenced, including the number of successful initiatives.
- Favourable appraisal from the Board of Directors, Managing Director, and external auditors on financial performance.
- Strengthened relationships with Investors and Development Partners.
Qualifications, Skills and Experience:
- Bachelor’s degree in Finance or Accounting
- Master’s degree in Finance, Business Administration (MBA), or related field required.
- Membership of ICPAU is a must.
- A minimum of 15 years of progressive experience in financial management, with at least 6 years in a senior leadership role such as CFO, Finance Director, or an equivalent principal financial management position.
- Strong knowledge of International Financial Reporting Standards, public sector financial regulations, and corporate finance.
- Proven leadership skills and ability to work with high-level stakeholders.
Planning and Implementing the Financial Strategy Develop and implement the financial strategies and action plans that align with URC’s transformation agenda, goals and strategic objectives. Lead planning, financial, and budget execution to ensure proper resource allocation, Provide financial insights to optimize cost efficiency and revenue generation. Provide insights and recommendations to support key business decisions and growth opportunities including developing, monitoring and updating financial forecasts and analysing business trends, changes in market conditions, business operations, or factors that may impact future performance. Financial Reporting & Compliance Ensure accurate, timely, and transparent financial reporting Strengthen internal financial controls to mitigate fraud and mismanagement. Ensure that sound procurement and asset management systems are in place. Ensure compliance with relevant laws, national financial regulations and international standards and best practices. Budgeting & Financial Management Develop realistic Budgets Plans that support URC’s operations and projects. Manage and monitor budget performance, cash flows, working capital and prevent cost overruns. Establish financial models for long-term sustainability. Risk Management & Internal Controls Identify and manage financial and non-financial risks, including foreign exchange risks affecting infrastructure projects. Ensure systems to enhance accountability and transparency. Develop strategies to improve liquidity and working capital management. Funding & Investment Planning and implementation Lead efforts to secure financing for infrastructure projects. Ensure that implementation of capital projects such as new railway lines or station upgrades is timely and within budget. Optimize capital expenditure and debt management. Engage with development partners and stakeholders for potential funding opportunities. Leadership & Stakeholder Engagement Advise the Managing Director on financial matters. Lead, and manage performance and mentorship of the finance team Foster a culture of accountability and financial discipline within URC. Work closely with external auditors, government agencies, and financial institutions.
Bachelor’s degree in Finance or Accounting Master’s degree in Finance, Business Administration (MBA), or related field required. Membership of ICPAU is a must. A minimum of 15 years of progressive experience in financial management, with at least 6 years in a senior leadership role such as CFO, Finance Director, or an equivalent principal financial management position. Strong knowledge of International Financial Reporting Standards, public sector financial regulations, and corporate finance. Proven leadership skills and ability to work with high-level stakeholders.
JOB-67f4fbad04ba8
Vacancy title:
Chief Financial Officer
[Type: FULL_TIME, Industry: Finance, Category: Accounting & Finance]
Jobs at:
Uganda Railways Corporation
Deadline of this Job:
Friday, April 11 2025
Duty Station:
Plot 57, Nasser Road, Kampala, Uganda. P.o. Box 7150 | kampala | Kampala | Uganda
Summary
Date Posted: Tuesday, April 8 2025, Base Salary: Not Disclosed
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JOB DETAILS:
About the Company:
Uganda Railways Corporation (URC) is a body corporate established under an Act of Parliament to construct, operate and maintain railway, marine and road services both inside and outside Uganda for the carriage of passengers and goods. As a result of privatisation of operations, the mandate of URC changed from that of an operator to that of asset holder, concession monitor and advisor on railway technical matters.
URC is recruiting a CFO to lead the finance team and render robust financial controls. The CFO will play a pivotal role in ensuring URC’s financial health and long-term sustainability.
Job Summary:
The CFO will be responsible for the Corporation’s strategic financial management, Reporting, driving revenue growth and profitability, Managing and Mitigating financial and non-financial Risk, and ensuring compliance with financial reporting standards and, statutory and other relevant obligations. The CFO will ensure that financial reports meet the expectations of management, institute robust financial controls, and provide leadership and guidance to the finance team in a bid to support URC’s transformation agenda, goals, and strategic objectives.
Key Duties and Responsibilities:
- Planning and Implementing the Financial Strategy
- Develop and implement the financial strategies and action plans that align with URC’s transformation agenda, goals and strategic objectives.
- Lead planning, financial, and budget execution to ensure proper resource allocation,
- Provide financial insights to optimize cost efficiency and revenue generation.
- Provide insights and recommendations to support key business decisions and growth opportunities including developing, monitoring and updating financial forecasts and analysing business trends, changes in market conditions, business operations, or factors that may impact future performance.
Financial Reporting & Compliance
- Ensure accurate, timely, and transparent financial reporting
- Strengthen internal financial controls to mitigate fraud and mismanagement.
- Ensure that sound procurement and asset management systems are in place.
- Ensure compliance with relevant laws, national financial regulations and international standards and best practices.
Budgeting & Financial Management
- Develop realistic Budgets Plans that support URC’s operations and projects.
- Manage and monitor budget performance, cash flows, working capital and prevent cost overruns.
- Establish financial models for long-term sustainability.
Risk Management & Internal Controls
- Identify and manage financial and non-financial risks, including foreign exchange risks affecting infrastructure projects.
- Ensure systems to enhance accountability and transparency.
- Develop strategies to improve liquidity and working capital management.
Funding & Investment Planning and implementation
- Lead efforts to secure financing for infrastructure projects.
- Ensure that implementation of capital projects such as new railway lines or station upgrades is timely and within budget.
- Optimize capital expenditure and debt management.
- Engage with development partners and stakeholders for potential funding opportunities.
Leadership & Stakeholder Engagement
- Advise the Managing Director on financial matters.
- Lead, and manage performance and mentorship of the finance team
- Foster a culture of accountability and financial discipline within URC.
- Work closely with external auditors, government agencies, and financial institutions.
Key Performance Indicators (KPIs)
Financial Reporting & Accountability
- Timeliness and accuracy of monthly, quarterly, and annual financial reports.
- Compliance with financial reporting standards and government reporting requirements.
- Streamline and ensure the functionality of the corporation’s financial management processes and procedures.
- Timeliness in reporting on market changes that may affect the financial performance of the corporation and tender advice in taking strategic decisions to seize opportunities or counter negative trends.
Budgeting & Financial Operations Management
- Successful development and implementation of the annual budget. Reduction in budget variances and cost overruns.
- Rendering informed guidance on budget priorities that spur revenue growth and profits.
- Planning resources and providing accurate month-to-month budget forecasts
Financial Control & Risk Management
- Strengthening of internal controls to ensure effective oversight in the management of expenses and operational costs as well as cash flows and working capital.
- Implementation of fraud prevention measures.
- Improved compliance with statutory obligations and relevant national laws/regulations and international financial instruments.
Revenue Optimization & Cost Efficiency
- Reduced costs through effective cost management and cost-effective financial strategies.
- Percentage increase in the corporation’s revenue and profitability
- Reduction in reliance on government funding.
Financial Sustainability & Investment Strategy
- Implementation of a 5-year financial sustainability plan.
- Successful mobilization and management of funds and funding for key railway projects.
- Improved financial investor relations and trust
- Robust project financial management.
Stakeholder Engagement & Leadership
- Creativity in cultivating a better-performing, motivated, and innovative finance team
- Number of strategic business finance decisions influenced, including the number of successful initiatives.
- Favourable appraisal from the Board of Directors, Managing Director, and external auditors on financial performance.
- Strengthened relationships with Investors and Development Partners.
Qualifications, Skills and Experience:
- Bachelor’s degree in Finance or Accounting
- Master’s degree in Finance, Business Administration (MBA), or related field required.
- Membership of ICPAU is a must.
- A minimum of 15 years of progressive experience in financial management, with at least 6 years in a senior leadership role such as CFO, Finance Director, or an equivalent principal financial management position.
- Strong knowledge of International Financial Reporting Standards, public sector financial regulations, and corporate finance.
- Proven leadership skills and ability to work with high-level stakeholders.
Work Hours: 8
Experience in Months: 180
Level of Education: bachelor degree
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