Finance Associate job at Turaco

About the role

The Finance Associate will play a vital role in ensuring the smooth, compliant, and efficient running of all financial operations in Uganda. The ideal candidate will be detail-oriented, highly organized, and possess a solid grasp of accounting principles and local financial regulations.

Key Roles & Responsibilities:

Accounting

• Data Entry: Meticulously enter all approved cash transactions into the accounting software (QuickBooks) to maintain accurate and up-to-date financial records.
• Petty Cash Management: Prepare and disburse petty cash payments in accordance with company policies and procedures, ensuring proper documentation and accountability.
• Reconciliations: Perform regular reconciliations of petty cash and expense accounts to identify and resolve any discrepancies.
• Cash Flow Management: Monitor and manage cash balances to ensure sufficient funds are available to meet all payment obligations.
• Compliance: Ensure adherence to all applicable financial regulations and internal control procedures.
• Financial Reporting: Assist in the preparation of monthly financial reports, providing accurate and timely financial information to management.

Other Duties

• Asset Register: Maintain an accurate and up-to-date asset register, tracking company assets and recording any changes.
• Invoice Processing: Review and process invoices, verifying accuracy and coding them appropriately for payment.
• Vendor Management: Maintain positive relationships with vendors, ensuring timely delivery of goods and services.
• Document Management: File all finance and administrative documents in a well-organized and professional manner, ensuring easy retrieval and compliance with record-keeping requirements.

Key Qualifications

• Live Turaco’s values – Push boundaries, Work with excellence, and Profound respect for the individual.
• Bachelor’s degree in Finance, Accounting, or a related field with 2- 4 years of experience.
• Part or full qualification in CPA (Uganda) is required.
• Strong knowledge of Uganda’s financial compliance standards and statutory filing processes.
• Previous experience in the insurance industry is preferred and considered an added advantage.
• Strong knowledge of and experience with Microsoft Office Suite, accounting systems (e.g., QuickBooks), and data analysis tools.
• Sound interpersonal and communication skills.
• Ability to work autonomously and take initiative; demonstrate self-motivation and energy, work well under pressure, and meet tight deadlines.
• Willingness to work as a team member with people across geographies and cultures.

• Data Entry: Meticulously enter all approved cash transactions into the accounting software (QuickBooks) to maintain accurate and up-to-date financial records.
• Petty Cash Management: Prepare and disburse petty cash payments in accordance with company policies and procedures, ensuring proper documentation and accountability.
• Reconciliations: Perform regular reconciliations of petty cash and expense accounts to identify and resolve any discrepancies.
• Cash Flow Management: Monitor and manage cash balances to ensure sufficient funds are available to meet all payment obligations.
• Compliance: Ensure adherence to all applicable financial regulations and internal control procedures.
• Financial Reporting: Assist in the preparation of monthly financial reports, providing accurate and timely financial information to management.
• Asset Register: Maintain an accurate and up-to-date asset register, tracking company assets and recording any changes.
• Invoice Processing: Review and process invoices, verifying accuracy and coding them appropriately for payment.
• Vendor Management: Maintain positive relationships with vendors, ensuring timely delivery of goods and services.
• Document Management: File all finance and administrative documents in a well-organized and professional manner, ensuring easy retrieval and compliance with record-keeping requirements.

• Detail-oriented
• Highly organized
• Solid grasp of accounting principles and local financial regulations
• Strong knowledge of Uganda’s financial compliance standards and statutory filing processes
• Strong knowledge of and experience with Microsoft Office Suite, accounting systems (e.g., QuickBooks), and data analysis tools
• Sound interpersonal and communication skills
• Ability to work autonomously and take initiative
• Demonstrate self-motivation and energy
• Work well under pressure
• Meet tight deadlines
• Willingness to work as a team member with people across geographies and cultures

• Live Turaco’s values – Push boundaries, Work with excellence, and Profound respect for the individual
• Bachelor’s degree in Finance, Accounting, or a related field
• Part or full qualification in CPA (Uganda) is required
• Previous experience in the insurance industry is preferred and considered an added advantage