Head of Finance Job Vacancy in Uganda

Head of Finance - Uganda

Overall purpose
 

Reporting to the Director General, the Head of Finance is ultimately responsible for providing high quality accounting & financial services to the Bank and providing professional guidance and leadership to the finance team. 

 

The activities of the Finance department include transaction processing, control, and analyses; timely reporting to management, borrowers and other stakeholders; and compliance monitoring activities. 

 

The scope of the Finance Department’s responsibility extends to all special funds, bilateral funds and special operations. 

 

It further provides decision support, including proactively developing, planning and implementing operational and financial strategies and related information systems. 

 

Department is also responsible for the formulation of all accounting policies, as well as policies relating to the administration of loans, grants or other financial transactions of the Bank.
 

Duties and Responsibilities

• Analyse, record and report the financial consequences of all decisions and transactions of the Bank;
• Develop and implement models and systems to produce financial projections and propose measures to ensure satisfactory financial performance of the Bank;
• Develop and implement asset and liability management policies and guidelines for the Bank’s capital mobilisation, borrowing, lending and investment activities, with particular focus on interest rate, currency, liquidity and operational risks;
• Develop and ensure consistency of all financial policies and guidelines;
• Prepare, update and implement strategic plans within the framework of the Bank’s overall strategic plan;
• Review and assess the credit risks of all proposed bank lending, guarantee, and equity investment operations, as well as overall country assistance strategies and regularly update the credit ratings for existing portfolio and treasury transactions;
• Continuously, implement control systems to monitor the performance of the Bank, its flow of funds, adherence to budgets, expenditure, income, costs and other budgetary items to ensure effective financial risk management, responsible stewardship and value for money utilisation of Bank resources;
• Develop and manage the accounting systems of the Bank and all Special and Trust Funds and Donor Funds; reconcile all bank accounts, investments, subscriptions, and Donor Funds;
• Account for disbursements, payments and receipts;
• Prepare and present for consideration of the Board an annual budget, other budgets, financial plans, business plans, forecasts, feasibility studies, investment memoranda and all other financial and business documents as may be required;
• Supervise and ensure timely and regular preparation of financial statements. Present to the Board financial statements and reports as required, ensure that all stakeholders receive timely and accurate management information; and in the case of borrowing, comply by local and international laws and regulations;
• Participate in the management of treasury operations, including money markets and capital market transactions;
• Ensure that annual statutory accounts are prepared in accordance with relevant regulations and international standards and are completed within set timelines; interact with external auditors, and third parties, including statutory organisations to ensure that the Bank meets its statutory obligations; and
• Provide effective advice on all aspects of financial management and governance to the management team and the Board.

Qualifications and Experience

• A Masters degree in accounting, business, or finance from a recognised University;
• A formal accounting qualification (CPA, ACA, ACCA, CIMA, CFA or CIPFA) from a recognised accounting body and membership in the relevant professional body;
• A minimum of 10 years experience heading a finance function in a large development or investment or multinational bank, including three years working in the Treasury Department.
• Knowledge of development finance and astute investment management capability.
• Experience in managing a portfolio of currencies; experience in resource mobilisation and capital markets transactions in particular;
• Expert knowledge of financial and accounting procedures preferably in a development finance institution; knowledge of International Financial Reporting Standards, International Public Sector Accounting Standards and International Standards on Auditing;
• Must have experience in treasury operations; asset/liability management; swap book management and liability funding; credit management, funds transfer pricing and product pricing. Practical experience in concluding resource mobilization transactions in the local and international capital markets, donor community and IT literacy.
• Should be familiar with structuring and negotiating documentation for complex transactions, for instance secured and unsecured cross border lending and borrowing transactions, swaps and derivative transactions, cross border capital market or corporate finance transactions (bonds, IPOs).
• Must show strong financial acumen, drive, strategic vision, inspirational leadership qualities, and proven capacity to manage multi-discipline and multi-national teams and to deliver success through change management.

How to apply:
 

Send your application including a cover letter indicating your desire to work with our client; a detailed CV highlighting relevant experience, details of current and expected salary, a daytime phone contact, email address, and the names of three professional referees by close of business Monday 1st October 2012 to:
 

Adept Systems

Management Consultants

P O Box 6416, Nairobi, 

GPO 00100

 

Email: recruit@adeptsystems.co.ke

 

Only short listed candidates will be contacted. 

 

Please note that we do not charge fees for receiving or processing job applications.