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Finance Lead job at Refactory Limited
Posted by: ugashare-Volunteer
Posted date: 2024-Jul-16
Location: Kampala
Vacancy title:
Finance Lead [ Type: FULL TIME , Industry: Engineering Services , Category: Accounting & Finance ]
Jobs at: Refactory Limited
Deadline of this Job:
Tuesday, July 30 2024 Duty Station:
Within Uganda , Kampala, East Africa
Summary
Date Posted: Tuesday, July 16 2024, Base Salary: Not Disclosed Similar Jobs in Uganda
Learn more about Refactory Limited
Refactory Limited jobs in Uganda
JOB DETAILS:
Description
Refactory Limited is an initiative that seeks to address the shortage of skilled software developers in Uganda and youth unemployment. Refactory Limited was established by four partners; Clarke International University (CIU), Laboremus Uganda Ltd, and Fontes Foundation and Youth With A Mission UK.
Role Description
The Finance Lead will be responsible for all financial management and control, Business
growth and Administration. The Finance Lead will report to the Executive Director.
Specific Terms of Reference
Financial Management & Accounting
• Provide overall leadership in strategic financial planning and analysis including cash flow analysis and management to ensure strategic availability of funds, cost and revenue tracking and decision making.
• Develop and manage policies and procedures to provide financial and operational efficiency with appropriate internal controls.
• Provide substantive support to the development and implementation of accounting systems including ensuring proper record keeping, cash management and bank reconciliations.
• Ensuring compliance with national regulations in respect of financial and other matters.
• Ensure the accuracy and timely preparation and submission of quarterly and yearly financial reports and oversee preparation and communication of periodic financial statements.
• Ensure that audit is done in accordance with proper audit and accounting procedures for successful audit results and recommendations.
• Provide financial management support and guidance to Refactory staff and downstream partners on the accounting processes and systems.
• Responsible for financial management of downstream partners including building financial management capacity, financial requisitioning on a quarterly and annual basis and financial reporting.
• Keep stock and track of assets and maintain proper records of their utilization.
• Provide annual reports on the status of the assets acquired.
Budget Management
• Preparing quarterly and annual budgets, amendments and forecasts in collaboration with relevant stakeholders. Participate in compiling, managing, monitoring, and tracking of the budgets.
• Ensure compliance with organizational and program financial regulations, reporting requirements and proper understanding of budgetary implications by the respective stakeholders.
• Work with relevant stakeholders to forecast financial transaction needs and support in identifying and recruiting vendors based on project budgets, rules and regulations.
• Suggest budgetary changes or improvements to increase accuracy, efficiency, and cost reductions.
Procurement & Administration
• Overseeing the adherence of the procurements to Refactory’s procurement guidelines
• Publication or dissemination of calls for proposals/services to service providers or potential partners.
• Preparation of procurement evaluation materials in consultation.
• Setup of a procurement committee to evaluate submissions.
• Close-out and contracting of the best evaluated applicants.
• Manage contracts with vendors and service providers.
• Maintain proper records for all procurements undertaken.
Qualifications and Experience:
• Bachelor's degree in Finance, Accounting, Business Administration, or related field. Master's degree preferred.
• Professional certification such as CPA, ACCA, or CMA.
• Minimum of seven (7) years of experience in financial management, with three (3) years in a supervisory role.
• Experience working in the nonprofit sector or with donor-funded projects is an asset.
• Experience with leveraging financial management for business development is desirable.
• Strong analytical and problem-solving skills.
• Proficiency in accounting software and Microsoft Office Suite.
• Excellent communication and interpersonal abilities.
Key Competencies:
• Financial acumen: Ability to understand and interpret financial data to inform decision-making.
• Attention to detail: Strong focus on accuracy and precision in financial reporting and record-keeping.
• Leadership: Demonstrated ability to lead and motivate a team towards achieving organizational goals.
• Adaptability: Capacity to thrive in a dynamic and fast-paced environment, managing multiple priorities effectively.
• Integrity: Commitment to upholding ethical standards and promoting transparency and accountability.
Duration and Location:
This is a full-time position based in Kampala, Uganda. The initial contract duration will be
three years, with the possibility of an extension based on performance and availability
of funding.
Work Hours: 8
Experience in Months: 96
Level of Education: Bachelor Degree Job application procedure
Interested candidates should complete the application for this role as it appears on the Refactory Website www.refactory.academy. Shortlisted candidates will be contacted for an interview.
Evaluation and Selection:
Candidates will be evaluated based on their qualifications, experience, and demonstrated competencies relevant to the position. The selection process may include interviews, technical assessments, and reference checks.
Disclaimer: This Terms of Reference does not constitute a contract or guarantee of employment. The organization reserves the right to modify or cancel the recruitment process at any stage.
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