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Finance Lead job at Refactory Limited

About the Organization

Job Description

Refactory Limited is an initiative that seeks to address the shortage of skilled software
developers in Uganda and youth unemployment. Refactory Limited was established by
four partners; Clarke International University (CIU), Laboremus Uganda Ltd, and Fontes
Foundation and Youth With A Mission UK.
Role Description
The Finance Lead will be responsible for all financial management and control, Business
growth and Administration. The Finance Lead will report to the Executive Director.

Online Typing

Duties and Responsibilities

Financial Management & Accounting

  • Provide overall leadership in strategic financial planning and analysis including

    cash flow analysis and management to ensure strategic availability of funds, cost

    and revenue tracking and decision making.

  • Develop and manage policies and procedures to provide financial and

    operational efficiency with appropriate internal controls.

  • Provide substantive support to the development and implementation of

    accounting systems including ensuring proper record keeping, cash

    management and bank reconciliations.

  • Ensuring compliance with national regulations in respect of financial and other

    matters.

  • Ensure the accuracy and timely preparation and submission of quarterly and

    yearly financial reports and oversee preparation and communication of periodic

    financial statements.

  • Ensure that audit is done in accordance with proper audit and accounting

    procedures for successful audit results and recommendations.

  • Provide financial management support and guidance to Refactory staff and

    downstream partners on the accounting processes and systems.

  • Responsible for financial management of downstream partners including building

    financial management capacity, financial requisitioning on a quarterly and

    annual basis and financial reporting.

  • Keep stock and track of assets and maintain proper records of their utilization.

  • Provide annual reports on the status of the assets acquired.


Budget Management

  • Preparing quarterly and annual budgets, amendments and forecasts in

    collaboration with relevant stakeholders. Participate in compiling, managing,

    monitoring, and tracking of the budgets.

  • Ensure compliance with organizational and program financial regulations,

reporting requirements and proper understanding of budgetary implications by

the respective stakeholders.

  • Work with relevant stakeholders to forecast financial transaction needs and

    support in identifying and recruiting vendors based on project budgets,rules and

    regulations.

  • Suggest budgetary changes or improvements to increase accuracy, efficiency,

and cost reductions.


Procurement & Administration

  • Overseeing the adherence of the procurements to Refactory’s procurement

    guidelines

  • Publication or dissemination of calls for proposals/services to service providers or

    potential partners.

  • Preparation of procurement evaluation materials in consultation.

  • Setup of a procurement committee to evaluate submissions.

  • Close-out and contracting of the best evaluated applicants.

  • Manage contracts with vendors and service providers.

  • Maintain proper records for all procurements undertaken.

PRO CV

Qualification, Experiences and Competencies

  • Bachelor's degree in Finance, Accounting, Business Administration, or related field.

  • Master's degree preferred.

  • Professional certification such as CPA, ACCA, or CMA.

  • Minimum of seven (7) years of experience in financial management, with three (3)

  • years in a supervisory role.

  • Experience working in the nonprofit sector or with donor-funded projects is an

  • asset.

  • Experience with leveraging financial management for business development is

  • desirable.

  • Strong analytical and problem-solving skills.

  • Proficiency in accounting software and Microsoft Office Suite.

  • Excellent communication and interpersonal abilities.


Key Competencies:

  • Financial acumen: Ability to understand and interpret financial data to inform

  • decision-making.

  • Attention to detail: Strong focus on accuracy and precision in financial reporting

  • and record-keeping.

  • Leadership: Demonstrated ability to lead and motivate a team towards achieving

  • organizational goals.

  • Adaptability: Capacity to thrive in a dynamic and fast-paced environment,

  • managing multiple priorities effectively.

  • Integrity: Commitment to upholding ethical standards and promoting

  • transparency and accountability.

How to Apply

APPLICATION FOR THIS POSITION MUST BE DONE ONLINE:
Are you interested? Click the "APPLY" button below to submit your application.

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