|
Chief Finance Officer job at True North Consult Ltd
Posted by: ugashare-Volunteer
Posted date: 2024-Sep-17
Location: kampala
Vacancy title:
Chief Finance Officer [ Type: FULL TIME , Industry: Consulting , Category: Accounting & Finance ]
Jobs at: True North Consult Ltd
Deadline of this Job:
Thursday, September 19 2024 Duty Station:
Within Uganda , Kampala, East Africa
Summary
Date Posted: Monday, September 16 2024, Base Salary: Not Disclosed Similar Jobs in Uganda
Learn more about True North Consult Ltd
True North Consult Ltd jobs in Uganda
JOB DETAILS:
Reports To: Managing Director / Chief Executive Officer
Supervises:
Direct :
• Manager Financial Reporting
• Manager Financial Operations
• Manager Statutory Compliance
Indirect:
• Finance Consultants
• External Financial Services
Vendors
Interacts/Interfaces
Internal:
• EXCO members
• Board of Directors
• Internal Audit
• Head of Functions/Departments
External:
• Statutory Auditors
• Govt of Uganda Regulatory
Bodies (BOU, URA etc).
• Office of the Auditor General
• Industry Associations (UBA,
ICPAU, etc)
• Key Customers
Job Purpose
1. The Chief Financial Officer (CFO) will be responsible for leading the Bank’s Finance
team and driving financial strategy and operations. You will work closely with the
executive team to ensure that financial practices align with the bank’s business
objectives and support its long-term growth and competitiveness. The CFO will establish and implement financial strategy, monitor cashflow, and assess areas of financial risk and opportunity for the Bank.
2. The CFO is charged with the responsibility to forecast, strategize for the bank’s financial future, promote growth, and provide advisory support to all stakeholders.
In addition, he/she will be responsible for identifying financial risks and implementing mitigation measures to ensure the following:
a) Financial Health: Ensuring the Bank’s financial stability and growth.
b) Strategic Planning: Aligning the Bank’s financial strategies with business goals.
c) Risk Management: Identifying and mitigating financial risks.
d) Capital Allocation: Allocating resources to maximize returns and value.
e) Cost Management: Optimizing operational costs and expenses.
Responsibilities
• He/she will provide advisory services to Management and Board of Directors on financial matters, developing long-term financial strategies, and identifying opportunities for revenue growth and cost optimization
• He/she will lead the Finance department team, set the tone for the team's culture
• and ensure everyone works together effectively.
• He/she will collaborate with other departments to drive financial awareness across
• the entire bank.
• He/she will oversee financial planning, budgeting, and forecasting
• He/she will manage financial reporting and compliance with regulatory requirements and accounting standards
• He/she will undertake timely and routine financial data analysis to support strategic financial decisions
• He/she will take charge of financial risk management and cash flow optimization
• He/she will develop and implement financial strategies that align with the Bank’s business objectives and support long-term growth in collaboration with other Bank Executives.
• He/she will oversee financial operations, including accounting, budgeting, forecasting, and financial reporting
• He/she will develop and maintain financial policies, procedures, internal control mechanisms and systems to ensure efficiency & effectiveness and compliance with regulatory requirements
• He/she will manage relationships with external stakeholders, including investors, auditors, and financial institutions
• He/she will ensure that financial practices in the bank align with industry standards
• and best practices
• He/she will ensure full transparency over the financial performance of the Bank and
• all matters pertaining to financial management.
• He/she must leverage technology to improve financial operations. This includes implementing new financial software, driving automation initiatives, or exploring cutting-edge fintech solutions to give the bank a competitive edge.
• Any other related duties
• Accountable for financial reporting in line with IFRS, Companies Act, FIA 2004 and for ensuring integrity, accuracy and completeness of financial data.
• Accountable for filing of statutory returns to regulatory authorities in a timely manner.
• Responsible for delivering effective people management processes including performance management, talent management, staff career development and succession planning.
Financial Responsibility
• Overall accountability for managing the HFB business budget.
• Accountable for effective implementation of the Bank’s Financial Risk & Control Frameworks.
Education & Training
• Must be certified Accountant with at least 10 years’ relevant experience, five of which in a senior finance management position in a commercial reputable organization.
• A first degree in Finance, Commerce, Economics or Statistics or a related field would be preferred.
• A master’ degree in Business Management or Finance/Accounting or a related field would be an added advantage
Skills & Experience
• Demonstrated ability to provide financial insights and recommendations to support business growth
• Track record of successfully managing financial risks and implementing effective
• control measures
• Experience in presenting financial information to stakeholders, including the
• Board of Directors and shareholders
• Knowledge of financial software and management tools for efficient financial operations
• Proven leadership skills in building and developing a high-performing finance team
• Ability to collaborate with senior managers across the organization to align
• financial goals with business objectives
• Understanding of regulatory compliance and reporting requirements
• Expertise in financial analysis, forecasting, and budgeting
• Strong track record in financial reporting and analysis, including the preparation and interpretation of financial statements
• Ability to develop and implement financial strategies to support the overall
• business strategy
• Knowledge of management software and systems for effective financial
• management
• Expertise in financial management, including cash flow, financial planning, and financial decision-making
• Knowledge of capital structure and the ability to optimize financial resources
• Excellent communication skills for effective collaboration with C-suite executives, and other key stakeholders
• Strategic thinking and the ability to provide insights and recommendations to improve financial health
• Proficient in analyzing financial information and using metrics to evaluate performance
• Ability to lead and manage the finance department and collaborate with senior managers and the Board of Directors
• Proficiency in financial software and management tools
• Leadership skills to guide and mentor the finance team and foster a high performing finance department
• Excellent interpersonal and communication skills for effective stakeholder management and presenting financial information
• Ability to develop and implement a business plan to drive financial growth
• Strong analytical skills to assess financial risks and opportunities
• Knowledge of financial control and compliance to ensure the accuracy and integrity of financial data
• Proven experience of implementing financial controls and/or financial risk management
• Experience of having worked in either a large financial institution or background in
• large commercial setting or mainstream accounting/audit firms in a Senior Management position is a must.
• Competencies in IFRS’s strategic & financial planning, budgeting and monitoring.
Business Behaviors
• The ability to communicate clearly both verbally and in writing
• Ability to build professional business relationships
• Takes clear accountability for delivery of corporate goals.
• Strong skills in decision making
• Ability to demonstrate positive image and role model HFB values and behaviors
• Must be a person of impeccable integrity.
• Ability to build professional relationship across all levels of the organisation.
Work Hours: 8
Experience in Months: 120
Level of Education: Bachelor Degree Job application procedure
Interested in applying for this job? truenorthafrica.com&form[valid-to]=Thursday, September 19 2024">Click here to submit your application now.
All Jobs QUICK ALERT SUBSCRIPTION
|