Fresher Financial Officer Job Opportunities – DFCU Bank

Job Title:      Financial
Organization: DFCU
Duty Station: Kampala,
Reports to: Financial
About US:
DFCU bank is a fast
growing commercial bank offering a variety of innovative products and services.
DFCU Limited was started by the Commonwealth Development Corporation (CDC) of
the United Kingdom and the Government of Uganda through the Uganda Development
Corporation (UDC) under the name of Development Finance Company of Uganda
Limited. Later restructuring brought in DEG (of Germany) and International
Finance Corporation (IFC) as equal partners with CDC and UDC, each having a 25%
stake in the company. Its objective was to support long-term development
projects whose financing needs and risk did not appeal to the then existing
financial commercial lending institutions.

Job Summary:  The Financial
Officer will;
  • Process payment transactions, both to external suppliers and
    internal staff accurately in a timely manner, ensuring that costs are
    within budget, are duly approved in line with dfcu’s Procurement policy,
    VAT and withholding tax are correctly accounted for, and that the
    transactions are correctly recorded.
  • Manage risk through a fully reconciled, supported balance sheet
  • Ensure tax, regulatory and statutory compliance
  • Support the Manager – Financial Reporting in managing funds by
    maintaining fully reconciled funding schedules, prepare compliance reports
    and process funding payments.
  • Provide timely, accurate and reliable management information while
    maintaining tight budgetary control for DFCU Bank.
Key Duties and Responsibilities: 
processing, budgetary control and compliance
  • Prepare payment vouchers for all invoices and staff claims in a
    timely manner and ensure they are duly approved.
  • Confirm that VAT and WHT tax are correctly accounted for on all
    payments in accordance with the Income Tax Act and issue WHT certificates
    in a timely manner.
  • Prepare expenditure analysis on opex and capex (actual vs budget)
    and tracking of exceptional approvals.
  • Support the Manager – Management Reporting with in depth management
    reporting ensuring that the report is updated in line with management and
    board requirements. Provide detailed analysis and interpretation of
    revenue and cost patterns in dfcu Bank.
  • Support the Manager – Management Reporting in carrying out the
    revenue assurance role
Fixed assets
  • Annual fixed assets verification
  • Maintain the fixed assets register and updates
  • Co-ordinate with procurement on disposal of assets
  • Monthly reconciliation of the register with finacle and hardcat
Financial reporting
and risk management
  • Preparation of timely and accurate BoU returns (daily, weekly,
    monthly and quarterly reports)
  • Collate audit schedules for statutory audits
  • Accurate preparation and timely filing of statutory returns and
    payments including VAT, WHT, excise duty and stamp duty.
  • Implement recommendations from tax and audit reviews
  • Prepare monthly balance sheet dashboard to readily identify areas of
  • Proactive follow up of issues arising from balance sheet review
  • Maintain reconciliation schedules for borrowers and long term funds
  • Maintain tracker on funding mix and interest expense
  • Assist in collation of funders requirements e.g. conditions

Qualifications, Skills and Experience:
  • The applicant for the DFCU Bank Financial Officer job placement must
    hold a Bachelor’s Degree in Accounting or Finance
  • Part qualified in accounting profession with a recognized institute
  • A minimum of two years’ experience in accounting preferably in the
    financial services sector
  • Industry knowledge of the banking sector, knowledge of IFRS and
    Ugandan tax legislation, and Financial Institutions Act (FIA) 2004 and
  • Fluency in spoken/written English
  • Good computer literacy with excellent use MS Office
  • Strong analytical and numeracy skills
  • Good communication, negotiation and interpersonal skills
  • Proactive self-starter able to work under own initiative

How to Apply:
All candidates who
so wish to join the banking sector in the aforementioned capacity are
encouraged to send their applications with detailed CVs including present
position and copies of relevant professional/academic certificates (University
Transcript, O & A level) to:
Deadline: 22nd November 2018
NB: dfcu
Bank does not solicit/accept payment in cash/kind from prospective candidates
in exchange for shortlisting or job placement. Any candidate who engages in
this kind of transaction is aiding and abetting fraud and will be automatically
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