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| True North Consult Ltd |
Accountant job Post
Location: Jobs in Uganda 2024 - 2025
Work Hours: Full-time, 08 hours per day
Salary:
UGX
No. of vacancies: 01
Deadline: 14 August 2024
Hiring Organization: True North Consult Ltd
Job Details:
About the Client
About BRAC International
Stitching BRAC International (BRAC International) is a leading nonprofit organisation with a mission to empower people and communities in situations of poverty, illiteracy, disease, and social injustice, and currently operates in 10 countries across Africa and Asia. BRAC International’s proven, practical solutions spark enterprise and lasting change. We equip people with the tools, opportunity, and skills to lift themselves out of poverty and reach their potential.
Our Approach
We function as a solution ecosystem using an integrated model of social and economic development, social enterprise, and humanitarian response, in partnership with communities and other local stakeholders. In Uganda, BRAC International implements these solutions through three separate but complementary entities: 1) social enterprise activities through BRAC Social Enterprises Uganda Ltd., 2) social development programs through our NGO, BRAC Uganda, and 3) microfinance and inclusive financial services through BRAC Uganda Bank Ltd.
BRAC Social Enterprise Uganda limited (BSBE)
BRAC Social Enterprises (BSBE) Uganda Limited was established in 2010 as a not-for-profit venture to produce and distribute quality seeds, planting and stock material to vulnerable communities. In 2014, it transitioned to a fully-fledged commercial enterprise and expanded its services to field crop seeds research and certified seed processing, packaging, sales, marketing and distribution. In support of its social objective to improve employment opportunities, promote good agronomic behaviours and increase income among vulnerable communities, BSBE works with smallholder farmers as contract growers (about 45% are women and youth) to produce and multiply quality seeds.
Seeds purchased from contract growers are then processed and packaged at BSBE’s seed processing plant, before distribution through a hybrid network of agro-dealers and other partners. BSBE operates under BRAC International Enterprises B.V., a fully owned subsidiary of Stichting BRAC International. BIEBV is a socially responsible for-profit organisation dedicated to scaling impactful and sustainable social enterprises that contribute to BRAC International’s social mission while generating profits that further support scale and impact. While BSBE is a separately registered for-profit company in Uganda, it originally grew out of BRAC International’s NGO in Uganda and BSBE continues to work closely with the NGO.
Job Summary
As the Accountant for BSBE, you will play a crucial role in managing financial activities within the designated area. Working closely with the enterprise General Manager, you will ensure compliance with accounting principles, procedures, and regulations. Your responsibilities will include providing financial support, managing budgets, and analyzing financial data to contribute to the financial stability and growth of the enterprise.
Responsibilities Specifically, the Accountant shall be responsible for but not limited to the following:
Financial Management
• Oversee day-to-day financial operations for BSE (Seed Farm, TCL, and BLC and Seed Shop Outlet), ensuring adherence to accounting principles and organizational policies.
• Prepare accurate financial statements, reports, and forecasts.
• Ensure monthly bank reconciliation, sign and proper filing of reconciliations are completed with bank ledgers
Budget Management
• Collaborate with the General Manager and relevant teams to develop, monitor, and manage budgets for projects and activities within the area.
Financial Analysis
• Analyze financial data to provide insights into cost management, revenue generation, and financial sustainability within the area.
• Provide financial recommendations to enhance efficiency and profitability.
Compliance and Reporting
• Ensure compliance with local financial regulations and international accounting standards.
• Prepare and submit accurate and timely financial reports to the General Management.
Cash Management
• Ensure cash inflow is correctly recorded in cash registers, and cash outflow is done only after verifying the authenticity of the transaction and approval from the respective supervisor, and proper filing of all cash documents is completed at the area office and branch offices.
• Daily supervision of all cash transactions by collating the daily cash management report
• Payroll Management
• Prepare the payroll for BSBE in a timely and accurate manner to ensure that employees receive their salaries and benefits on schedule and without errors.
• Auditing and Internal Controls
• Collaborate with auditors during internal and external audits.
• Establish and maintain internal controls to safeguard financial assets.
Taxation
• Ensure accurate and timely tax filing and compliance with tax laws and regulations.
• Stay updated on any changes to tax laws and advise the organisation accordingly.
• Procurement:
• Ensure fair and transparent bidding processes, promote effective competition and obtain the best price and value, per BRAC Procurement Guidelines and Policy.
• Facilitate the preparation and execution of annual procurement plans.
• Verify and submit invoices, along with supporting documents, for suppliers and vendors in a timely manner.
• Establish recording and reporting systems of all procurement activities, including inventory reports, monthly procurement status reports, and purchase and pricing records.
• Maintain and update the vendor/supplier database with relevant information.
• Receive and inspect all supplies from vendors based on specifications provided in the purchase order.
• Involve technical personnel in advising on delivered products before accepting them.
• Fixed Asset Management
• Update asset registers and properly identify assets in the area office, and all branch offices through conducting physical counts.
• Inventory Management
• Update stock registers and related documents, conduct stock counts in all branches.
• Additional responsibilities
• Any other duties that may be assigned by the General Manager
Person Specification
Education, Training, Skills & Experience Knowledge, Skills & Competencies
• Strong knowledge of generally accepted accounting principles (GAAP) and their application in financial reporting.
• Strong knowledge of Ugandan financial regulations and taxation (including laws, codes, and compliance)
• Understanding of financial analysis techniques and the ability to evaluate financial data and trends.
• Proficiency in budgeting processes, forecasting, variance analysis, monitoring, and control.
• Knowledge of internal control procedures to safeguard financial assets and prevent fraud.
• Awareness of internal and external audit processes and requirements.
• Knowledge of ethical standards in financial management and a commitment to ethical practices.
• Basic understanding of the agricultural industry and its financial peculiarities.
• Proficient in preparing accurate financial statements, reports, and financial documents.
• Effective verbal and written communication skills for collaborating with team members and stakeholders.
• Ability to identify financial challenges and propose solutions.
• Collaboration skills to work effectively with colleagues.
• Keen eye for detail to ensure accuracy in financial transactions and reports.
• Efficient time management, with the ability to manage multiple financial tasks and priorities to meet deadlines.
• Competency in using financial management software and tools, and Microsoft Office applications.
• A commitment to providing financial support that contributes to the enterprise's growth and stability.
• Ability to identify financial risks and implement strategies to mitigate them.
• A vision for contributing to the long-term financial health and growth of the enterprise
• Specific Educational Qualification
• Degree: Bachelor’s Degree from a reputable university.
• Concentration / Major: Accounting, Finance, or a related field.
• Professional Degree / Certification
• Full Professional qualification (ACCA or CPA) is a necessity.
Application procedure
Interested in applying for this job? Click here to apply
Date Posted: 2024-08-07
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