JOB DETAILS:
Position Overview:
As an Assistant Pension Fund Accountant in Uganda, you will play a crucial role in ensuring accurate financial management and reporting for pension funds. You will be responsible for maintaining financial records, preparing financial statements, reconciling accounts, and ensuring compliance with relevant regulations and standards. Your role will contribute to the financial stability and security of pension fund members’ retirement savings.

Key Responsibilities:
Financial Record Keeping:
• Maintain accurate and up-to-date records of financial transactions related to the pension fund.
• Record contributions from employers and employees, investment income, and other financial activities.

Financial Reporting:
• Prepare regular financial statements, including income statements, balance sheets, and cash flow statements.
• Generate reports that provide insights into the financial health of the pension fund for management and regulatory purposes.

Reconciliation:
• Reconcile bank statements and investment transactions with pension fund records to ensure accuracy and identify discrepancies.
• Resolve any discrepancies through appropriate communication with relevant parties.

Compliance and Regulation:
• Stay updated with relevant pension laws, regulations, and accounting standards in Uganda.
• Ensure submission of quarterly accounts, half year accounts and audited annual financial statements to the Regulator.

• Ensure submission of tax returns to the tax authority

Internal Controls:
• Implement and maintain internal controls to safeguard the pension fund’s assets and prevent fraud or errors.
• Regularly review processes and procedures to identify areas for improvement in efficiency and accuracy.

Auditing:
• Collaborate with auditors during annual audits to provide necessary financial documentation and explanations.
• Address any audit findings or recommendations in a timely manner.

Investment Tracking:
• Monitor and record investment activities, including buying, selling, and valuation of pension fund assets.
• Calculate investment income and gains/losses.

Qualifications and Requirements:
• Bachelor’s degree in Accounting, Finance, or a related field.
• Professional accounting qualification (e.g., ACCA II, CPA II) is preferred.

• Knowledge of Uganda pension laws, regulations, and accounting standards.

• Experience in accounting, financial reporting, or auditing for a maximum period of 2-3 years.
• Proficiency in accounting software and Microsoft Excel.

• Strong attention to detail and analytical skills.
• Excellent communication and interpersonal skills.
• Ability to work independently and as part of a team.
• High ethical standards and integrity.

Note: This job description is intended to provide a general overview of the responsibilities and qualifications for an Assistant Pension Fund Accountant in Uganda. Actual job responsibilities may vary based on the specific requirements of the employer and any changes in relevant regulations or standards.

If you are a strategic thinker with a passion for helping clients achieve their retirement planning goals, we want to hear from you.

Join our team and make a difference in the financial services industry, send your C.V indicating the Reference Number 0001/fundaccountant/2024 and position applied for on the email subject line