Entry Level Financial Accountant Job Careers – Stanbic Holdings Limited  

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Organisation: Stanbic
Bank
Duty Station: Kampala,
Uganda
Stanbic Bank Uganda
Limited is a subsidiary of Stanbic Africa Holdings Limited which is in turn
owned by Standard Bank Group Limited (“the Group”), Africa’s leading banking
and financial services group. The Standard Bank Group is the leading banking
group focused on emerging markets. It is the largest African banking group
ranked by assets and earnings. Stanbic Bank Uganda Limited is the largest bank
in Uganda by assets and market capitalization. It offers a full range of
banking services through two business units; Personal and Business Banking
(PBB), and Corporate and Investment Banking (CIB).
Job Summary:
The Financial Accountant – Stanbic Holdings Limited will ensure the overall
integrity and accuracy of the General Ledger as a basis for the preparation of
financial and management reports. The incumbent will also be recording entries
in the general ledger and preparation of financial reports. The jobholder will undertake
all functions associated with recording, reconciliation and payment of both
internal and external Vendors. He / She will be tasked with the preparation and
submission of monthly, quarterly and annual taxation returns in accordance with
the VAT and Income Tax Act. In charge of 
payment of resultant taxation to Uganda revenue Authority.
Preparation and
timely submission of Income and Expenses commentary to management.
Handle all aspects
of procurement for the holding company and ensure a robust procurement process
is in place.
Key Duties and Responsibilities:
·       
Process
all payments for goods and services supplied to Stanbic Holdings limited,
ensuring vendors are paid timeously, correct amounts are paid, and accounts are
accurately allocated, and proper authority obtained.
·       
Process
all staff claims ensuring the claims are paid timeously, correct amounts are
paid, and accounts are accurately allocated, and proper authority obtained.
·       
Ensure
that all payments are recorded, authorised and properly paid in accordance with
the Company’s policies and guidelines.
·       
Provide
proof of payment to the clients.
·       
Manage
and monitor the Vendor master record to ensure all vendors are maintained in
SAP and avoid any duplication of vendor accounts.
·       
Monitor
the General ledger master data reviewing movements and ensuring that they
reflect the correct balances and all relevant account reconciliations are
performed including the intercompany accounts and corrective actions taken
timeously.
·       
Preparation
of Financial statements for the company
·       
Performs
variance analysis and commentary to management.
·       
Periodic
agreement of inter-company balances with other group companies
·       
Maintenance
of the fixed asset register and reconciliation of the fixed asset registers to
the general ledger.
·       
Preparation
of journals for upload onto the system.
·       
Investigate
variances to budget, provide explanations and recommend corrective action.
·       
Follow
up with departments to send in their accruals, compile, reconcile updating and
posting accruals.
·       
Ensure
accuracy of financial statements in accordance with IFRS and compliance to
internal policies
·       
Preparation
and submission of monthly, quarterly and annual taxation returns in accordance
with the VAT and Income Tax Act.
·       
Making
all tax payments when due. (VAT, WHT,PAYE, Corporate Tax)
·       
Monitoring
business operations compliance with the VAT and Income Tax Act.
·       
Custodian
of the company’s permanent tax file.
·       
Implementing
and monitoring compliance with the Group’s Uniform Tax procedures.
·       
Ensuring
tax compliance within Stanbic Holdings limited.
·       
Prepare
and submit NSSF returns monthly and effect NSSF payments.
·       
Plan,
review, co-ordinate and follow up and activities that have been approved.
·       
Execute
the sourcing of goods and services through a supply chain management process
that maximizes value, provides excellent customer service and exceeds total
cost of ownership targets.
·       
Relationship
management and contract administration.
·       
Liaison
with group company stakeholders in ensuring that regulatory, group policy
standards and minimum operating procedures are observed to minimise the holding
company exposure to risk
·       
Conduct
risk assessments on the organisation’s business units/department, which will
involve identifying, describing and profiling the risks affecting the
organisation as well as evaluating the identified risks against the
organisation’s risk appetite.
·       
Implement
the strategic risk management vision for SHUL and ensure that risk and
compliance management policies and strategies comply with applicable
regulations and the strategic imperatives of SHUL.
·       
Continue
to develop and improve risk management tools, practices, and policies enabling
the analysis and reporting of risk according to the risk and compliance
management framework.
·       
Develop
and foster a coherent risk culture and risk management philosophy that becomes
effectively embedded throughout the organisation. Guide the integration of
enterprise risk management with other organisational planning and management
activities.
·       
Ensure
that SHUL’s risk identification, aggregation, mitigation and monitoring
capabilities are commensurate with the size, complexity and risk profile of the
organisation.
·       
Liaise
with departmental/unit heads in ensuring completion and monitoring of quality
risk registers.
·       
Oversee
and monitor all operational risk management activities of SHUL, reporting major
and critical risks issues to the xxxxx.
·       
Provide support,
education and training to staff to build risk awareness within the
organisation. Develop and deliver SHUL-wide training on risk and compliance for
all staff to complete annually.
·       
Assist
in the development of processes and manage the established processes to
identify and evaluate business areas’ risks and risk and control
self-assessments.
·       
Build a
culture of risk-awareness in the SHUL by providing ongoing education and
appropriate briefing and training.
·       
Manage
the process for elevating/escalating control risks to more senior levels when
appropriate.
·       
Effective
management of the corporate risk and control assessment reporting process as
well as management and maintenance of the infrastructure elements.
·       
Ensure
risk evaluation, which involves comparing estimated risks with criteria
established by the organisation such as costs, legal requirements and
environmental factors, and evaluating the organisation’s previous handling of
risks.
·       
Ensure
effective implementation of the disaster recovery, business continuity, risk
management and access controls frameworks in SHUL.
·       
Provide
recommendations to enhance the Company’s Risk and Compliance Management’s
road-map, policy, framework, methodology and system.
·       
Prepare
risk reporting in an appropriate way for different audiences, for example the
Board Audit, Finance and Risk Committee.
·       
Monitor
and report on compliance with regulatory requirements including: SHUL
Regulations, Procurement Procedures Manual, Human Resources Manual, Finance
Manual, supplier contracts and other organisation guidelines and polices.
·       
Proactively
identify emerging risks and report to relevant stakeholders.
·       
Ensure
that management and employees comply with the rules and regulations of the
organisation, that set policies and procedures are being followed.
·       
Conduct
compliance checks on compliance with policies, rules and regulations, including
liaison with internal and external auditors.
Qualifications, Skills and Experience:
·       
The ideal
candidate for the Stanbic Bank Financial Accountant – Stanbic Holdings Limited job
must hold a B.Com (Accounting/Finance) or equivalent Accounting Degree
·       
Professional
Qualification Required. ACCA or CPA will be an added advantage
·       
2-4
years banking experience and accounting.
·       
Understanding
of IFRS and Local tax laws
·       
Knowledge
of Uganda Banking regulations.
·       
Understanding
of South African Banking regulations will be an added advantage.
·       
Good
computer skills (Excel, PowerPoint, Outlook and Word).
·       
Working
knowledge of accounting software. (Knowledge of SAP will be an advantage.)
All candidates are
strongly encouraged to apply online at the link below.

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