The East African Development Bank (EADB) is a development finance institution whose mandate is to promote sustainable development in its Member States. The Bank’s shareholders are Kenya, Uganda, Tanzania and Rwanda. Other shareholders include the African Development Bank (AfDB), the Netherlands Development Finance Company (FMO), German Investment and Development Company (DEG) and other international financial institutions.
The Bank seeks to recruit competent, professional, experienced individuals committed to the development of East Africa to fill the following position:
Job Title: Finance Manager (1 Position- Tenure: Up to 3 years)
Reporting to: Finance Director
Reporting to: Finance Director
Scope
The Finance Manager will take charge of the accounting and financial management function of the Bank and will take responsibility for developing and managing accounting systems for the institution. He/she will be accountable for managing bilateral and special funds, the timely preparation of financial statements and special reports to support management decisions, the Board and other external stakeholders.
The principal responsibility of this role is to ensure accuracy, relevance, timeliness and transparency in the reporting of the financial consequences of all activities of the Bank.
In particular the Finance Manager will:
- Ensure that appropriate financial management procedures and accounting systems are in place and are fully understood and complied with at all times;
- Ensure that complete and accurate accounts of the Bank’s operations, treasury, equity investments, subscriptions, assets, liabilities, revenues and expenditure are maintained;
- Maintain separate and detailed accounts of all special and trust funds including donor funds, and prepare separate financial statements for each entity;
- Responsible for comprehensive insurance of all the assets of the Bank;
- Ensure all tax obligations (if any ) in all jurisdictions are filed in accordance with the prevailing legislation;
- Support the auditing exercises by providing information to internal and external clients.
- Ensure external clients are provided with all information pertaining to their accounts in a timely manner;
- In consultation with the Loans & Client Services Accountant, prepare monthly, quarterly, and annual projections of loan and interest income repayments and share these with the Treasury Manager to support cash forecasting.
- Support the development of the Financial Plans for the bank.
- Support the preparation of the annual budget and quarterly forecasts.
- Continuously identify cost saving opportunities, propose solutions and follow up implementation;
- Work closely with the ICT department to ensure that the IT systems that are required to for managing the Bank’s financial reporting and accounting are in place and functioning optimally.
- Design procedures and guidelines for billing, collection and recommend improvements where appropriate and ensure that borrowers are fully appraised of billing and repayment regulations;
- Ensure that all loan transactions, including cancellations, disbursements and repayments are recorded accurately and in a timely manner
- Maintain communication with the operations and portfolio management departments, including country offices and ensure that they are promptly advised of missed payments;
- Ensure that client loan accounts are established promptly and that accurate and complete records relating to loans, including authorized signatories, list of goods and services, declaration dates of loan effectiveness, et cetera, are maintained;
- Liaise actively with operations, country offices and borrowers on repayment related problems to ensure their timely resolution and support on time response and client support;
- Ensure that expenses incurred are in accordance with Bank polices and the approved budget;
- Process due payments to staff, consultants, suppliers and vendors from the Banks or donor funds in a timely manner and in line with Bank policy;
- Promptly process requests for transfer of funds to country offices and monitor monthly financial results, including expenses;
- Take responsibility for SWIFT payments, the handling, opening and closing of bank accounts, handling correspondent Bank relationships; are these not treasury roles?
- Ensure that all obligations are paid in a timely manner and that all excess funds are invested in line with policy. Also ensure that all payments are posted to the general ledger and reconciled to payment projections;
- Ensure ongoing learning and development of staff.
Minimum Qualifications and Experience
- Bachelor of Commerce, Finance or Accounting degree from a leading University;
- Relevant postgraduate degree;
- Professional accounting qualification such as CPA or ACCA;
- Minimum of eight (8) years management experience in a busy organization in position of Financial Controller, Chief Financial Officer or other relevant senior role;
- Must possess advanced technical knowledge, practical hands-on experience, highly developed technical skills to pre-empt, and to solve and manage complex issues effectively;
- Must possess a proven track record of having developed innovative processes and the ability to work in a highly dynamic environment;
- Experience of financial reporting to major donor agencies and implementation/project management of IT will be definite advantages;
- Diligence and an ability to work with minimum supervision in multinational and multicultural environment;
- Good report writing and communication skills.
- Age 35- 45 years.
Requirements for all positions
- Have a clear understanding and commitment to the Bank’s mandate;
- Flexibility and willingness to travel, work and to relocate within East Africa;
- Diligent and able to work with minimum supervision in multinational and multicultural environment;
- Ability and willingness to work long hours and deliver on assignments within short deadlines and to perform other duties that may be assigned to him/her;
- Applicants must be nationals of one of the Member States of the Bank.
If your career aspirations match these challenging and exciting roles, please email your application quoting the relevant job title by 27th August 2010 to Executive Selection Division, KPMG Uganda at the following email address: esd@kpmg.co.ug.
Please attach your CV containing an e-mail address, daytime telephone contact, qualifications, experience, present position, names and addresses of three referees. All applications should be sent via email.
Applicants should be nationals of the EADB member states. Only short listed applicants will be contacted. The Bank reserves the right to make an alternative offer or no offer at all.
