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Uganda Account Reconciliation Officers

  • Location
    (UGANDA) and various
  • Job Reference
    11760
  • Functional Area/Experience
    Business, Accounting & Finance / Fresh Graduate

Job Description & Qualifications

UAP Old Mutual Life Assurance Uganda Limited a subsidiary of the UAP Old Mutual group seeks to fill a number of key positions to strengthen its dynamic team. It therefore seeks to recruit for the following strategic position.

To maintain an effective payment function to enable the organization meet its customers’ expectations at optimal cost.

Reporting to the Treasury Accountant

Key outputs

The following key outputs are required from this role.

  • To prepare company reconciliations and provide accountability.
  • To monitor company Cash and bank by producing statements on cash flows.
  • To coordinate Rent/Premium collections and payments in a timely fashion.

Deliverables

The following detailed outputs are required from this role.

  • To prepare company reconciliations by providing accountability on;
    • Monthly bank reconciliations
    • Daily control account reconciliations
    • Daily petty cash accountability and reconciliation
    • Review of end of day cash collection journals and tying the collections to the receipt summary
    • Reconciling the tenant accounts to match the invoicing schedules
  • To monitor company Cash and bank through;
    • Provision of daily bank statements and cash flows to the finance team
    • Preparation of journal entries to transfer of funds between account as and when the need arises
    • Negotiation of foreign exchange rates with the banks to enable the processing of transactions in foreign currency
    • Liaise with the respective banks to ensure a good relationship is maintained; meeting all the compliance requirements by the banks and forming a good relationship with the bankers’ relationship teams.
    • Preparation of journal entries to transfer funds for investment.
  • To coordinate Rent/Premium collections and payments by;
    • Invoicing tenants before the invoicing period falls due
    • Maintenance of tenants’ rental agreements are on file
    • Advising the cashiers on the daily rental collections
    • Advising the cashiers on the daily premium collections
    • Ensuring that the tenants receive their receipts
  • Any other duties assigned from time to time including;
    • Assisting the payables team with online transactional issues as they arise.
    • Providing support to the cashiers by making sure they receipt the right amount and minimize any errors that could arise
    • Maintaining a good relationship between UAP-OM and Banks
    • Support the treasury accountant when the need arises and offer suitable solutions in the event an issue arises.
    • Support the finance team during audits and compliance checks

Requirements

  • A University degree in Business Administration or an equivalent with qualifications in ACCA/CPA. 


Job Skills/Competencies Required

The following key behavioural competencies are required to be successful in this role.

  • Good time management skills
  • Assertiveness and self-drive
  • Honesty, reliability and dependability
  • Independence
  • Good interpersonal skills
  • Sound analytical skills. 
  • Good communication skills
  • Speed and accuracy
  • Good administrative and supervisory skills
  • Ability to work under pressure and manage time efficiently
  • Ability to solve problems and make decisions effective
  • Team player
  • Ability to uphold professional confidentiality
  • Professional skepticism i.e. never to assume detail.
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