JOB DETAILS:
Description
Human Capital Business Solutions Ltd is a Boutique HR Advisory Firm that specializes in strategic HR Consulting, Talent Acquisition & Development, Risk Management and Business Process Outsourced Services with our Headquarters based in Uganda and Country Office in Tanzania.
Our client is a Steel Manufacturing Company based in Jinja, Uganda with a large focus on Steel manufacturing, production and distribution. On behalf of our client we are looking for a competent and experienced Senior Accountant to be based in Jinja, Uganda.

Job Summary: The Senior Accountant will play a key role in overseeing and managing all financial and accounting operations of the company. H/She will also be responsible for full-cycle accounting, taxation, banking, and internal controls.

Main Duties and Responsibilities
Financial Accounting & Reporting:
• Oversee end-to-end accounting operations, including accounts payable, accounts receivable, general ledger, inventory accounting, and bank reconciliations.
• Ensure accurate and timely closing of books of accounts in compliance with IFRS and local accounting standards.

• Prepare monthly, quarterly, and annual financial statements (P&L, Balance Sheet, Cash Flow Statements) for management and external stakeholders.
• Conduct cost accounting and variance analysis to optimize production costs and improve profitability.

Taxation & Statutory Compliance:
• Ensure accurate and timely filing of VAT, Withholding Tax (WHT), Pay As You Earn (PAYE), NSSF, and Corporate Income Tax in compliance with Ugandan tax laws.
• Prepare and submit URA (Uganda Revenue Authority) tax returns, ensuring compliance with all statutory requirements.

• Handle tax audits, reconciliations, and dispute resolutions with tax authorities.
• Provide guidance on tax planning and optimization strategies to minimize tax liabilities legally.

Banking, Treasury & Fund Management:
• Monitor cash flow, fund management, and working capital requirements.
• Manage banking relationships, including loan processing, bank guarantees, LC (Letter of Credit) management, and negotiations for better financing terms.

• Ensure daily bank reconciliations and timely resolution of discrepancies.
• Knowledge of 0versee foreign exchange transactions.

Internal Controls & Compliance:
• Establish and enforce strong internal controls to prevent financial fraud, misappropriation, and errors.
• Conduct periodic internal audits and ensure corrective actions are implemented.

• Develop and maintain SOPs (Standard Operating Procedures) for accounting, taxation, and financial operations.
• Ensure compliance with company policies, industry regulations, and financial best practices.

MIS & Financial Analysis:
• Prepare and analyze Management Information System (MIS) reports, including budget forecasts, variance analysis, and cost control measures.
• Provide profitability analysis for different product lines, assessing financial performance and identifying improvement areas.

• Support strategic decision-making through data-driven financial insights.

Audit & Risk Management:
• Coordinate with external auditors for statutory audits, tax audits, and compliance reviews.
• Ensure timely submission of audit schedules and compliance with audit recommendations.
• Identify and mitigate financial risks through robust risk assessment frameworks.

Team Leadership & Development:
• Supervise and mentor the accounts team, ensuring high levels of accuracy, efficiency, and professionalism.
• Conduct training sessions to improve accounting skills and knowledge of financial software.
• Assign tasks, set KPIs, and ensure accountability within the department.

Qualifications, Experience, and Skills
• Bachelor’s degree in Accounting, Finance, Commerce, or related field.
• Certified Public Accountant (CPA), ACCA, CMA or equivalent professional qualification.
• At least 8-10 years of experience in accounting, finance, and taxation, preferably in the steel manufacturing or industrial sector.
• Strong knowledge of Tally ERP/SAP for financial transactions, reconciliations, and reporting.
• Excellent computer skills (MS Excel (Pivot Tables, VLOOKUP, Macros), Word, and PowerPoint) for financial presentations.
• Sound knowledge of Ugandan tax laws, IFRS, and statutory regulations.
• Ability to do treasury management, banking operations, and cash flow forecasting.
• Strong analytical, problem-solving, and decision-making abilities.
• Ability to work under pressure and meet tight deadlines with high attention to detail.

• Excellent communication and interpersonal skills for liaising with senior management, auditors, and regulatory bodies.
• Prior experience in steel manufacturing, heavy industries, or related manufacturing sectors.
• Exposure to ERP implementation and process automation.
• Knowledge of handling internal and external audits.
• Knowledge of import regulations and inventory management.

Barriers to Success in Role
• Limited or lack of Ugandan tax laws, IFRS, and statutory regulations.
• Failure to have a Certified Public Accountant (CPA), ACCA, CMA or equivalent professional qualification.
• Inability to use Tally ERP/SAP systems.