Financial Controller
Location | Kampala, Uganda |
Date Posted | June 6, 2024 |
Category |
Accounting
Audit Finance Management |
Job Type |
Full-time
|
Currency | UGX |
Description
Client Brief:
Our client in the manufacturing sector is seeking to recruit a suitable candidate to fill the position of Financial Controller.
Job Summary:
The Financial Controller is responsible, for providing financial information, analysis, and insights to support management decision-making while overseeing general accounting procedures and practices within the organization to ensure that accurate data is maintained in the ERP System
Duties and Responsibilities:
- Financial Reporting and Analysis - To ensure that the financial data is collected, tracked, and analyzed to provide reports on a monthly, quarterly and yearly basis to aid management make strategic decisions about a company's operational activities, growth, and future profitability based on its overall financial health and stability major accountabilities.
- Management Reporting - Create reports and dashboards to communicate financial information to different levels of management; and summarize complex financial data into easily understandable formats for non-finance audiences to enable them understand the financial performance of the company.
- Budgeting and Forecasting - To oversee the development and implementation of the NHOP master budget, ensuring that resources are well managed including bu not limited to; Develop budgets and financial forecasts for the organization; monitor actual financial performance against budgeted figures and identify variances; and provide commentary and make recommendations for improvement.
- Cost Management - Calculate and analyze the cost of products; identify cost-saving opportunities and efficiency improvements; and develop and implement cost allocation methods to assign expenses appropriately.
- Pricing - Analyze costs and market conditions to guide pricing discussions.
- Performance Measurement - Develop and implement performance measurement systems to track key metrics and evaluate the success of various initiatives; and provide insights into the factors driving performance and recommend corrective actions.
- Decision Support - Offer financial analysis and modeling to support strategic decisions, such as investment evaluations and capital budgeting; and conduct sensitivity analysis and scenario planning to assess the potential impact of different decisions.
- Risk Management - Assess and manage financial risks, including market risk, credit risk, and operational risk; and develop risk mitigation strategies and recommendations for management.
- Managing Staff - To lead the Production Analysts and the Cost Analyst in a manner that empowers them to efficiently manage the finances of NHOP and deliver excellent customer service.
Other Tasks:
- Fixed asset management and IFRS 16 accounting.
- Production accounting.
- Liaise with inventory manager to ensure safe custody of stock.
- Manage the chart of accounts.
- Support the external audit process.
- Training and developing subordinates
Education, Skills, and Experience:
- University degree in Finance, Accounting, Statistics, or other courses of a numerate background but must have relevant professional qualification – CPA or ACCA.
- Five years’ experience in a professional audit firm or a manufacturing organization.
- 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 the organization’s strengths and weaknesses; and adopts strategies 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.
- 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 mobilizes others to fulfill the corporate vision.
- Analytical - ability to synthesize complex and/or diverse information, and designs workflows and procedures.
- 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.
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