Head, Accounts – NIC Holdings ltd

Job Title         :           Head, Accounts

Reports to      :           Chief Finance Officer

Purpose         :           Have oversight over Budgeting and Financial Reporting Functions of the company

Key Result Areas

1. Review and approve daily accounting transactions such as journal vouchers and payment voucher to ensure proper accounting treatment of all transactions.
2. 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.
3. Ensure timely preparation of monthly, quarterly and other ad-hoc management accounts and reports.
4. Prepare draft annual financial statements in compliance with relevant IFRS and coordinate interim and final audit exercise.
5. Ensure completeness and accuracy of supporting schedules to the draft financial statements.
6. Prepare management report on performance and financial position of the company for quarterly Board meeting.
7. 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.
8. Develop and propose changes to accounting and credit procedures and policies.
9. 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.
10. Monitor and report on budget against actual performance in term of revenue and expenditure projections.
11. Set collection target for the credit control unit, monitor and report on performance accordingly.
12. Ensure proper records of premium installment payment plans are kept and followed up for prompt collection of premium due.
13. Ensure preparation of Premium Debtor’s Age Analysis on a monthly basis in line with guiding policies and procedures.
14. Review annual provision for Bad Debts in line with company’s credit policy and make recommendation for write-offs.
15. Ensure periodic reconciliation of brokers’ accounts and ensure their accuracy.
16. Train, mentor and carryout staff performance appraisal of management accounts unit and credit control unit.
17. 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

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

Deadline: 21^th 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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