Finance Manager
2025-04-07T11:26:22+00:00
Agricultural Business Initiative
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https://www.abi.co.ug/
FULL_TIME
kampala
Kampala
00256
Uganda
Financial Services
Accounting & Finance
2025-04-14T17:00:00+00:00
Uganda
8
Role Summary:
We are seeking a skilled Finance Manager to play a critical role in ensuring the financial health and operational efficiency of aBi Development. Reporting to the Chief Finance & Operations Officer, this position involves overseeing day-to-day financial operations for the corporate structure, producing high-quality financial reports, and managing payroll and benefits administration. A key responsibility is to accurately allocate corporate overhead costs to project budgets. The Finance Manager will contribute significantly to aBi Development’s financial stability and success by ensuring efficient resource management and compliance with all relevant regulations and internal policies.
Scope of Responsibilities:
• Planning & Budgeting:
o Collaborate with budget holders across departments to gather necessary inputs and establish realistic budget allocations.
o Prepare comprehensive annual budgets, incorporating financial forecasts and considering external factors that may impact revenue and expenditure.
o Analyse budget variances and prepare variance reports for management review, proposing corrective actions as necessary.
o Ensure timely approval of all budgets in accordance with established internal approval processes.
o Prepare and present financial forecasts to predict financial performance and support long-term financial planning.
o Success will be measured by budgets for corporate functions being accurate, timely, and fully aligned with organizational objectives; financial forecasts accurately predicting corporate financial performance; and budget variances being identified and addressed proactively, resulting in improved financial control.
• Financial Analysis & Advisory:
o Prepare timely and accurate financial reports that meet or exceed the requirements of stakeholders (internal and external).
o Conduct variance analyses to understand trends and identify risks, providing recommendations for proactive action.
o Support management in making informed financial decisions through timely and concise financial reports and analysis.
o Use appropriate financial modelling techniques to support financial planning, forecasting, and decision-making.
o Provide expert advice to operational departments on financial aspects of policy and strategy development.
o Success will be measured by financial analysis and reports consistently supporting effective and informed corporate decision-making; corporate departments consistently rating the clarity and usefulness of financial information highly; and key financial risks being consistently identified and communicated to management proactively.
• Corporate Financial Transactions and Reporting:
o Process all financial transactions for the corporate structure accurately, efficiently, and in compliance with relevant legislation, regulations, and internal policies.
o Reconcile bank accounts regularly to ensure accuracy and identify any discrepancies promptly.
o Maintain accurate and up-to-date financial records for all corporate transactions, ensuring audit readiness.
o Prepare and submit timely financial reports to management, donors, and other stakeholders as required.
o Implement and maintain robust internal controls to mitigate financial risks and ensure the accuracy and reliability of financial data.
o Success will be measured by corporate financial transactions being processed accurately, efficiently, and in full compliance with regulations and internal policies; financial records for corporate transactions being consistently accurate, complete, and readily accessible for audits; and corporate financial reports being consistently submitted accurately, on time, and to the required standards.
• Project Cost Allocation and Reconciliation:
o Develop and implement clear and consistent procedures for allocating corporate expenses to projects, ensuring transparency and compliance.
o Collaborate with project finance teams to identify and allocate appropriate corporate overhead costs to projects.
o Regularly review project budgets, identifying and resolving discrepancies between allocated and actual costs.
o Prepare and submit regular reports on corporate cost allocation to management, ensuring accuracy and providing timely insights into project profitability.
o Implement robust reconciliation procedures to ensure that all allocated costs are accurately reflected in project financial statements.
o Success will be measured by corporate expenses being allocated to project budgets accurately and consistently, with clear and auditable records maintained; project budgets being regularly reviewed and reconciled, with discrepancies identified and resolved promptly; and regular reports on corporate cost allocation providing timely and accurate insights into project Value for Money (VfM).
• Payroll & Benefits Processing:
o Accurately process payroll for all corporate and project-based staff in compliance with all regulations and internal policies.
o Manage and maintain employee benefit records, ensuring timely and accurate payments.
o Resolve employee payroll and benefits inquiries effectively and efficiently.
o Implement and maintain robust internal controls to mitigate payroll-related risks.
o Develop and implement clear procedures for payroll processing, improving transparency and accountability.
o Success will be measured by payroll being processed accurately, timely, and in full compliance with all regulations and internal policies; employee benefit records being complete and accurate; and employee inquiries regarding payroll and benefits being resolved promptly and to the satisfaction of employees.
• Finance Systems Administration and Support:
o Maintain the finance management system, implementing upgrades and improvements as needed.
o Provide advice and support to users of the finance management system, resolving queries and providing training as necessary.
o Ensure that data within the system is accurate, reliable, and securely stored and protected.
o Conduct regular system backups and disaster recovery testing to mitigate the risk of data loss.
o Maintain comprehensive documentation on system processes and usage.
o Success will be measured by the finance management system consistently providing accurate and timely financial information; users of the finance management system consistently reporting high levels of satisfaction with the support provided; and the finance management system being consistently well-maintained, secure, and up-to-date.
• And other duties as requested by the Chief Finance & Operations Officer.
Requirements of the Role:
• Qualifications:
o Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
o Professional accounting qualification (e.g., ACCA, CPA).
- Experience:
o Minimum of 7 years’ progressive experience in financial and operational management, with at least 3 years in a senior finance role.
o Proven experience in developing and implementing financial controls and processes.
o Experience in financial reporting, budgeting, and forecasting.
o Experience working with grants management systems and procedures.
o Experience in managing payroll and employee benefits.
o Experience working within a project-based environment is highly desirable.
Competencies:
o Ownership & Initiative (Level 3 Team Leader).
o Situational Awareness & Thinking (Level 3 Team Leader).
o Execution & Drive for Results (Level 3 Team Leader).
o Understanding Others & Team Collaboration (Level 3 Team Leader).
o Communicating & Influencing (Level 3 Team Leader).
Technical Skills & Knowledge:
o Strong understanding of accounting principles and practices (e.g., IFRS).
o Proficiency in using financial software and systems (e.g., ERP systems).
o Strong analytical skills with proficiency in financial modelling and reporting.
o Working knowledge of relevant financial regulations and compliance standards.
o Expertise in managing accounts payable and receivable.
o Proven ability to develop and maintain accurate and organized financial records.
• Planning & Budgeting: o Collaborate with budget holders across departments to gather necessary inputs and establish realistic budget allocations. o Prepare comprehensive annual budgets, incorporating financial forecasts and considering external factors that may impact revenue and expenditure. o Analyse budget variances and prepare variance reports for management review, proposing corrective actions as necessary. o Ensure timely approval of all budgets in accordance with established internal approval processes. o Prepare and present financial forecasts to predict financial performance and support long-term financial planning. o Success will be measured by budgets for corporate functions being accurate, timely, and fully aligned with organizational objectives; financial forecasts accurately predicting corporate financial performance; and budget variances being identified and addressed proactively, resulting in improved financial control. • Financial Analysis & Advisory: o Prepare timely and accurate financial reports that meet or exceed the requirements of stakeholders (internal and external). o Conduct variance analyses to understand trends and identify risks, providing recommendations for proactive action. o Support management in making informed financial decisions through timely and concise financial reports and analysis. o Use appropriate financial modelling techniques to support financial planning, forecasting, and decision-making. o Provide expert advice to operational departments on financial aspects of policy and strategy development. o Success will be measured by financial analysis and reports consistently supporting effective and informed corporate decision-making; corporate departments consistently rating the clarity and usefulness of financial information highly; and key financial risks being consistently identified and communicated to management proactively. • Corporate Financial Transactions and Reporting: o Process all financial transactions for the corporate structure accurately, efficiently, and in compliance with relevant legislation, regulations, and internal policies. o Reconcile bank accounts regularly to ensure accuracy and identify any discrepancies promptly. o Maintain accurate and up-to-date financial records for all corporate transactions, ensuring audit readiness. o Prepare and submit timely financial reports to management, donors, and other stakeholders as required. o Implement and maintain robust internal controls to mitigate financial risks and ensure the accuracy and reliability of financial data. o Success will be measured by corporate financial transactions being processed accurately, efficiently, and in full compliance with regulations and internal policies; financial records for corporate transactions being consistently accurate, complete, and readily accessible for audits; and corporate financial reports being consistently submitted accurately, on time, and to the required standards. • Project Cost Allocation and Reconciliation: o Develop and implement clear and consistent procedures for allocating corporate expenses to projects, ensuring transparency and compliance. o Collaborate with project finance teams to identify and allocate appropriate corporate overhead costs to projects. o Regularly review project budgets, identifying and resolving discrepancies between allocated and actual costs. o Prepare and submit regular reports on corporate cost allocation to management, ensuring accuracy and providing timely insights into project profitability. o Implement robust reconciliation procedures to ensure that all allocated costs are accurately reflected in project financial statements. o Success will be measured by corporate expenses being allocated to project budgets accurately and consistently, with clear and auditable records maintained; project budgets being regularly reviewed and reconciled, with discrepancies identified and resolved promptly; and regular reports on corporate cost allocation providing timely and accurate insights into project Value for Money (VfM). • Payroll & Benefits Processing: o Accurately process payroll for all corporate and project-based staff in compliance with all regulations and internal policies. o Manage and maintain employee benefit records, ensuring timely and accurate payments. o Resolve employee payroll and benefits inquiries effectively and efficiently. o Implement and maintain robust internal controls to mitigate payroll-related risks. o Develop and implement clear procedures for payroll processing, improving transparency and accountability. o Success will be measured by payroll being processed accurately, timely, and in full compliance with all regulations and internal policies; employee benefit records being complete and accurate; and employee inquiries regarding payroll and benefits being resolved promptly and to the satisfaction of employees. • Finance Systems Administration and Support: o Maintain the finance management system, implementing upgrades and improvements as needed. o Provide advice and support to users of the finance management system, resolving queries and providing training as necessary. o Ensure that data within the system is accurate, reliable, and securely stored and protected. o Conduct regular system backups and disaster recovery testing to mitigate the risk of data loss. o Maintain comprehensive documentation on system processes and usage. o Success will be measured by the finance management system consistently providing accurate and timely financial information; users of the finance management system consistently reporting high levels of satisfaction with the support provided; and the finance management system being consistently well-maintained, secure, and up-to-date. • And other duties as requested by the Chief Finance & Operations Officer.
Strong understanding of accounting principles and practices (e.g., IFRS). o Proficiency in using financial software and systems (e.g., ERP systems). o Strong analytical skills with proficiency in financial modelling and reporting. o Working knowledge of relevant financial regulations and compliance standards. o Expertise in managing accounts payable and receivable. o Proven ability to develop and maintain accurate and organized financial records.
Bachelor’s degree in Finance, Accounting, Business Administration, or a related field. o Professional accounting qualification (e.g., ACCA, CPA).
JOB-67f3b65e882da
Vacancy title:
Finance Manager
[Type: FULL_TIME, Industry: Financial Services, Category: Accounting & Finance]
Jobs at:
Agricultural Business Initiative
Deadline of this Job:
Monday, April 14 2025
Duty Station:
kampala | Kampala | Uganda
Summary
Date Posted: Monday, April 7 2025, Base Salary: Not Disclosed
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JOB DETAILS:
Role Summary:
We are seeking a skilled Finance Manager to play a critical role in ensuring the financial health and operational efficiency of aBi Development. Reporting to the Chief Finance & Operations Officer, this position involves overseeing day-to-day financial operations for the corporate structure, producing high-quality financial reports, and managing payroll and benefits administration. A key responsibility is to accurately allocate corporate overhead costs to project budgets. The Finance Manager will contribute significantly to aBi Development’s financial stability and success by ensuring efficient resource management and compliance with all relevant regulations and internal policies.
Scope of Responsibilities:
• Planning & Budgeting:
o Collaborate with budget holders across departments to gather necessary inputs and establish realistic budget allocations.
o Prepare comprehensive annual budgets, incorporating financial forecasts and considering external factors that may impact revenue and expenditure.
o Analyse budget variances and prepare variance reports for management review, proposing corrective actions as necessary.
o Ensure timely approval of all budgets in accordance with established internal approval processes.
o Prepare and present financial forecasts to predict financial performance and support long-term financial planning.
o Success will be measured by budgets for corporate functions being accurate, timely, and fully aligned with organizational objectives; financial forecasts accurately predicting corporate financial performance; and budget variances being identified and addressed proactively, resulting in improved financial control.
• Financial Analysis & Advisory:
o Prepare timely and accurate financial reports that meet or exceed the requirements of stakeholders (internal and external).
o Conduct variance analyses to understand trends and identify risks, providing recommendations for proactive action.
o Support management in making informed financial decisions through timely and concise financial reports and analysis.
o Use appropriate financial modelling techniques to support financial planning, forecasting, and decision-making.
o Provide expert advice to operational departments on financial aspects of policy and strategy development.
o Success will be measured by financial analysis and reports consistently supporting effective and informed corporate decision-making; corporate departments consistently rating the clarity and usefulness of financial information highly; and key financial risks being consistently identified and communicated to management proactively.
• Corporate Financial Transactions and Reporting:
o Process all financial transactions for the corporate structure accurately, efficiently, and in compliance with relevant legislation, regulations, and internal policies.
o Reconcile bank accounts regularly to ensure accuracy and identify any discrepancies promptly.
o Maintain accurate and up-to-date financial records for all corporate transactions, ensuring audit readiness.
o Prepare and submit timely financial reports to management, donors, and other stakeholders as required.
o Implement and maintain robust internal controls to mitigate financial risks and ensure the accuracy and reliability of financial data.
o Success will be measured by corporate financial transactions being processed accurately, efficiently, and in full compliance with regulations and internal policies; financial records for corporate transactions being consistently accurate, complete, and readily accessible for audits; and corporate financial reports being consistently submitted accurately, on time, and to the required standards.
• Project Cost Allocation and Reconciliation:
o Develop and implement clear and consistent procedures for allocating corporate expenses to projects, ensuring transparency and compliance.
o Collaborate with project finance teams to identify and allocate appropriate corporate overhead costs to projects.
o Regularly review project budgets, identifying and resolving discrepancies between allocated and actual costs.
o Prepare and submit regular reports on corporate cost allocation to management, ensuring accuracy and providing timely insights into project profitability.
o Implement robust reconciliation procedures to ensure that all allocated costs are accurately reflected in project financial statements.
o Success will be measured by corporate expenses being allocated to project budgets accurately and consistently, with clear and auditable records maintained; project budgets being regularly reviewed and reconciled, with discrepancies identified and resolved promptly; and regular reports on corporate cost allocation providing timely and accurate insights into project Value for Money (VfM).
• Payroll & Benefits Processing:
o Accurately process payroll for all corporate and project-based staff in compliance with all regulations and internal policies.
o Manage and maintain employee benefit records, ensuring timely and accurate payments.
o Resolve employee payroll and benefits inquiries effectively and efficiently.
o Implement and maintain robust internal controls to mitigate payroll-related risks.
o Develop and implement clear procedures for payroll processing, improving transparency and accountability.
o Success will be measured by payroll being processed accurately, timely, and in full compliance with all regulations and internal policies; employee benefit records being complete and accurate; and employee inquiries regarding payroll and benefits being resolved promptly and to the satisfaction of employees.
• Finance Systems Administration and Support:
o Maintain the finance management system, implementing upgrades and improvements as needed.
o Provide advice and support to users of the finance management system, resolving queries and providing training as necessary.
o Ensure that data within the system is accurate, reliable, and securely stored and protected.
o Conduct regular system backups and disaster recovery testing to mitigate the risk of data loss.
o Maintain comprehensive documentation on system processes and usage.
o Success will be measured by the finance management system consistently providing accurate and timely financial information; users of the finance management system consistently reporting high levels of satisfaction with the support provided; and the finance management system being consistently well-maintained, secure, and up-to-date.
• And other duties as requested by the Chief Finance & Operations Officer.
Requirements of the Role:
• Qualifications:
o Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
o Professional accounting qualification (e.g., ACCA, CPA).
- Experience:
o Minimum of 7 years’ progressive experience in financial and operational management, with at least 3 years in a senior finance role.
o Proven experience in developing and implementing financial controls and processes.
o Experience in financial reporting, budgeting, and forecasting.
o Experience working with grants management systems and procedures.
o Experience in managing payroll and employee benefits.
o Experience working within a project-based environment is highly desirable.
Competencies:
o Ownership & Initiative (Level 3 Team Leader).
o Situational Awareness & Thinking (Level 3 Team Leader).
o Execution & Drive for Results (Level 3 Team Leader).
o Understanding Others & Team Collaboration (Level 3 Team Leader).
o Communicating & Influencing (Level 3 Team Leader).
Technical Skills & Knowledge:
o Strong understanding of accounting principles and practices (e.g., IFRS).
o Proficiency in using financial software and systems (e.g., ERP systems).
o Strong analytical skills with proficiency in financial modelling and reporting.
o Working knowledge of relevant financial regulations and compliance standards.
o Expertise in managing accounts payable and receivable.
o Proven ability to develop and maintain accurate and organized financial records.
Work Hours: 8
Experience in Months: 84
Level of Education: bachelor degree
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