Group Finance Associate

at Up Energy
Location Kampala, Uganda
Date Posted October 18, 2024
Category Accounting
Finance
Management
Job Type Full-time
Currency UGX

Description

JOB DETAILS:
About Us:
UpEnergy delivers high-impact, emission-reducing projects that accelerate decarbonization and create long-term benefits for local communities. We focus on making life-improving clean technologies available across Africa, impacting millions of lives and significantly reducing CO2 emissions. With a growing team spread across multiple countries, we seek motivated and entrepreneurial talent eager to help us deliver even more impact.

About the role
The Group Finance Associate you will play a crucial role in supporting the financial operations and strategic decision-making of the company. If you are a highly motivated and analytical individual with a passion for finance and a strong desire to contribute to a sustainable energy future, the Group Finance Associate position at UpEnergy Group is an excellent opportunity for you.

Key Responsibilities:
1. Governance and Internal Control
Enterprise Risk Management (ERM)
• Develop a comprehensive Enterprise Risk Management Framework for the group to identify, assess, and manage risks.
• Lead the internal audit function, ensuring that internal audit services are provided effectively across the group.

Standard Operating Procedures (SOPs)
• Develop and ensure adherence to SOPs, policies, and controls to standardize processes across the group.
• Recommend and implement improvements to systems, policies, processes, and controls.

2. Management of financial accounting processes at the group
Customer invoices management
• Ensure that all customer invoices are accurately generated and sent out promptly.
• Ensure that these invoices are recorded in the accounting system.

• Ensure payments are tracked and received as per the company’s policy.

Payment management
• Ensure that all invoices issued to group companies are paid on time and recorded correctly in the accounting system

Bank and credit card reconciliation
• Monthly Reconciliation: Ensure that bank and credit card statements are reconciled with the accounting system every month.

Fixed assets reconciliation
• Ensure the reconciliation of fixed assets is completed monthly.
• Ensure that depreciation entries are accurately recorded.

Loans reconciliation
• Ensure that loans are reconciled each month.
• Record the appropriate journal entries for these loans.

Monthly closure of financial reports
• General Ledger Reconciliation: Maintain a file for monthly general ledger reconciliations with all supporting documents.
• Ensure these reconciliations are reviewed by the group financial accountant and Group Financial Director.

• Ensure that after the review, the books are closed in the accounting system to maintain the integrity of financial transactions and reports.

Must have
• Relevant Bachelor’s degree and fully qualified accountancy certification like CPA, ACCA, CIMA, CIA, etc
• 4+ years of accounting / finance and/or controller experience

• Experience working within the accounting or operational finance department of a global entity
• Strong analytical and problem-solving skills
• Excellent working knowledge of ERPs and financial software (preferably QuickBooks) and Microsoft office tools especially advanced excel
• High work ethic, Strong leadership and team building abilities
• Strong organizational skills
• Willing to travel occasionally to our different markets

Nice to Have
• Experience in carbon project development is a huge plus.
• An understanding of customers and business culture in Sub-Saharan Africa.

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