Manager Financial Reporting

Reports To: Head Finance & Administration

Supervises:

Direct:  Accountants

Interacts/Interfaces with:

Internal: 

 EXCO and Head of department

Board of Directors.

External:

External Auditors

Financial Institutions

Regulators

Job Purpose

Manage the preparation and submission of accurate and timely financial reports for internal and external stakeholders and ensure that all financial statements and regulatory filings comply with international accounting standards (IFRS) and local regulatory requirements.

Responsibilities

• Provide leadership to the finance reporting team to ensure timely delivery of financial statements.
• Ensure timely preparation and submission of accurate Bank of Uganda reports.
• Ensure timely and accurate reports are prepared and shared in accordance with IFRS and respond to any queries that may arise.
• Work closely with the management accounting team to ensure alignment on financial data and reporting
• Ensure timely preparation and review of General ledger reconciliations and other supporting systems.
• Verify and approve payment vouchers.
• Oversee and ensure proper administration of the Bank’s fixed assets.
• Act as the primary liaison with external and internal auditors, ensuring seamless audits and addressing any financial reporting issues raised.
• Drive continuous improvements in financial reporting systems and processes to enhance reporting accuracy and eciency.
• Liaise with internal and external auditors and regulators to ensure all audit action points relating to financial controls are fully implemented on time.
• Support the Head Finance and Administration in managing the information systems by ensuring all systems are subject to controls and satisfy the reporting requirements of the business.
• Participate and support in preparing budgets and forecasts for the Institution and ensure budgets and forecasts are reviewed regularly.
• Ensure that the bank’s financial reporting processes align with tax reporting obligations and provide timely accurate tax filings.
• Ensure that the Bank’s general ledgers are well maintained, and all accounts are fully reconciled and substantiated.
• Manage a good relationship with other departments to ensure service delivery as per Service Level Agreements (SLA).
• Ensure the financial reporting team is updated with the latest accounting standards and regulatory requirements through ongoing training and development.

Person Specification

Education & Training

• Bachelor’s degree in commerce, Business Administration, Finance, or a related field.
• Professional certification of ACCA or CPA.
• A master's degree in a related field is an added advantage.

Skills & Experience

• At least 5 years of experience in finance, accounting, or related field, with a minimum of 2 years in a supervisory role within the banking or financial services sector.
• In-depth understanding of the regulatory environment governing financial reporting in the banking sector, including BOU reporting requirements.
• In-depth understanding of financial management and accounting principles.
• Experience in preparing statutory financial statements in compliance with IFRS.
• Solid understanding of accounting software principles.
• Ability to manage and develop high-performing teams.

Behavioural Competencies

• Proficiency in drafting professional correspondence, reports, and proposals.
• Strong Business analysis and requirement-gathering skills.
• Relationship building and troubleshooting
• Excellent communication and presentation skills.
• Strategic and dynamic thinking.
• Leadership and Change Management skills
• Stakeholder and Relationship Management skills
• High ethical standards and integrity.
• Problem-solving abilities.

How to Apply:

All applications will be received and Reviewed through BrighterMonday Portal by Clicking on the 'Apply Here' section