Financial Accountant Job at Nft Consult Ltd

Nft Consult Ltd

Financial Accountant Job Post

Location: Jobs in Uganda 2024 - 2025

Work Hours: Full-time, 08 hours per day

Salary: UGX

No. of vacancies: 01

Deadline: October 31 2024

Hiring Organization: Nft Consult Ltd

Job Details:

Job Purpose:
The Financial Accountant is responsible for managing accounting activities particularly; facilitating an efficient payment process to manage resources prudently and managing the financial information system to ensure that the system meets all user needs to be able to produce accurate financial information and in so doing support the Group Head of Finance in ensuring the overall financial viability of the business, manage all external related finance activities in the company.

Main Duties and Responsibilities: -
• To ensure that timely and accurate payments are made, according to Client’s policies and procedures in a way that ensures good ongoing relationships with staff, vendors, service providers and other stakeholders. Major accountabilities include.
• Manage the relationship between the company and external stakeholders like the URA, NSSF, banks, vendors, customers, and external auditors, among others.
• Cash and Banks: Ensure that the records are posted accurately and promptly, reconciled and reconciling items are resolved promptly.
• Accounts Payable: Ensure that the records are posted accurately and promptly, reconciled and reconciling items are resolved promptly; and vendors are paid as and when the liabilities are due.
• Accounts Receivable: Ensure that the records are posted accurately and promptly, reconciled and reconciling items resolved promptly; and ensure that customer deposits are collected within the agreed credit terms.

2. External Audit:
Manage the external audit process.

3. Borrowings:
Assess and recommend credit facility options; major accountabilities include.
• Ensure that the company’s debt is optimized.
• Ensure that loan accounts are reconciled,
• Reconciling items are resolved promptly.
• Liabilities are settled as and when they fall due.

4. Taxation:
Manage all tax-related matters and filing.

5. Insurance:
Ensure that the company is adequately insured against all insurable risks; and ensure that all claims are filed and paid.

6. Risk Management:
To assess and manage financial risks major accountabilities include.
• Market risk, Credit risk and Operational risk.
• Develop risk mitigation strategies and recommendations for management.

Other Tasks:
• Payroll analysis and review.
• Computation of royalties and discounts.
• Reporting – provide commentary and analysis as requested from time to time.
• IFRS 9 accounting.
• Decision support.
• Prepare balance sheet account reconciliations for allocated general ledger accounts.
• Training and developing subordinates.

Qualifications/ Education and Experience:
• University degree in Finance, Accounting, Statistics, or other courses of a numerate background but must have a relevant professional qualification – CPA or ACCA.
• Five years’ experience in a professional audit firm or a manufacturing organization.
• Technical Attributes
• High level of analytical and performance management skills and attention to detail.
• Good computer knowledge, exposure to an ERP environment and reporting tools. Excellent knowledge of spreadsheets and other Microsoft office applications is essential.
• Good understanding of IFRS and Taxation in Uganda.
• Strategic thinking - ability to develop strategies to achieve organizational goals; understand organization’s strengths and weaknesses; and adopts strategy to changing conditions.
• Good business acumen - understand business implications of decisions; display orientation to profitability and risk management; demonstrate knowledge of market and competition; and align work with strategic goals.
• Good understanding of processes in different business areas.
• Good reporting and communication skills.

Personal Attributes;
• Leadership - exhibit confidence in self and others; inspire and motivate others to perform well; effectively influence actions and opinions of others; inspire respect and trust; provide vision and inspiration to peers and subordinates; and mobilize others to fulfil the corporate vision.
• Analytical - ability to synthesize complex and/or diverse information, and design workflows and procedures.
• Problem-solving - ability to identify and resolve problems promptly.
• Communication - speaks clearly and persuasively in positive or negative situations; and listens and gets clarification.
• Team-work - able to balance team and individual responsibilities; and recognize accomplishments of other team members.
• Change Management - develops workable change plans; communicates changes effectively; and monitors transition and evaluates results.
• Ability to work with minimum supervision.
• Proactive and able to take initiative to propose and implement new approaches.
• Flexibility, integrity, the confidence to think differently and the ability to make sound judgments.
• Self-motivation and drive, and high ethical standards, values, and principles