NIC Holdings ltd Head, Accounts Jobs in Uganda

NIC Holdings ltd Head, Accounts Jobs in Uganda


Purpose:

  • Have oversight over Budgeting and Financial Reporting Functions of the company

    Key Result Areas

  • Review and approve daily accounting transactions such as journal vouchers and payment voucher to ensure proper accounting treatment of all transactions.

  • Review and approve monthly reconciliation of bank accounts, premium receivables, branches premium receivables, rent receivables, staff receivables, etc and ensure all identified discrepancies are cleared promptly.

  • Ensure timely preparation of monthly, quarterly and other ad-hoc management accounts and reports.

  • Prepare draft annual financial statements in compliance with relevant IFRS and coordinate interim and final audit exercise.

  • Ensure completeness and accuracy of supporting schedules to the draft financial statements.

  • Prepare management report on performance and financial position of the company for quarterly Board meeting.

  • Ensure timely preparation of regulatory, tax and NSSF returns and review the same to ensure compliance with Insurance Act, Income Tax Act and NSSF Act.

  • Develop and propose changes to accounting and credit procedures and policies.

  • Ensure timely preparation of the company’s annual budget for management review and Board approval in liaison with Head of departments in line with budget cycle and financial guidelines.

  • Monitor and report on budget against actual performance in term of revenue and expenditure projections.

  • Set collection target for the credit control unit, monitor and report on performance accordingly.

  • Ensure proper records of premium installment payment plans are kept and followed up for prompt collection of premium due.

  • Ensure preparation of Premium Debtor’s Age Analysis on a monthly basis in line with guiding policies and procedures.

  • Review annual provision for Bad Debts in line with company’s credit policy and make recommendation for write-offs.

  • Ensure periodic reconciliation of brokers’ accounts
    and ensure their accuracy.

  • Train, mentor and carryout staff performance appraisal of management accounts unit and credit control unit.

  • Undertake other assigned tasks.

    Job Qualification and Experience:

  • Bachelors’ degree in accounts, commerce, economics or business management/administration.

  • Masters’ degree in accounts, finance or related discipline would be an added advantage.

  • Certified Public Accountant or ACCA with at least 5 years post professional qualification experience.

  • At least five years’ experience in Accounts and finance at a managerial level.

  • Strong hands-on experience in preparing IFRS financial statements.

  • Deep understanding of insurance laws and regulations as well as verifiable experience in preparing regulatory returns.

  • Exceptional knowledge of ALL Uganda Tax Legislations and practical experience in handling tax filings and returns.

    Job Skills and Abilities:

  • Cross-functional leadership Skills; with ability to motivate, inspire and delegate

  • Time management

  • Adaptability

  • Negotiation skills.

  • Inter-personal relationship skills

  • Good communication skills; both verbal and written

  • Computer skills in Ms. Word, Ms. Excel, Ms Powerpoint and Accounting software

    How to Apply

  • We are an equal opportunity organization; both male and female candidates are encouraged to apply.

  • Deadline: 21th November, 2021 and applicants send through their CVs electronically by email to

  • vacancy@nic.co.ug

  • Note: Vacancies are for NIC General Insurance Company Ltd.

  • Only shortlisted applicants will be contacted.


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