Finance Manager (Insurance Company) - Uganda

Background Information

Career Options Africa Group is a HR Consultancy firm specializing in Recruitment, HR outsourcing and Immigration support in Africa with offices in Kenya, Uganda, Tanzania, Rwanda, Democratic Republic of Congo (DRC), Burundi, Nigeria, South Africa, and South Sudan. 

Our client, an impact and technology-driven company using mobile technology to make insurance and health services accessible to underserved consumers who value innovation, diversity, respect and accountability, and offer the opportunity to take meaningful responsibility in a growing international business, is seeking a Finance Manager in Uganda. The client is a newly established entity operating as an IRA-licensed insurance intermediary, distributing mobile-enabled microinsurance products underwritten by licensed Ugandan insurers and collected through mobile money channels. 

The Job

We are seeking a hands-on Finance Manager to manage the day-to-day finance operations of the client, a newly established insurance intermediary distributing mobile-enabled microinsurance products in partnership with licensed insurers and mobile network operators. The candidate is responsible for reliable accounting and reporting, tax and statutory compliance, cash flow management, revenue assurance and financial controls. The successful candidate will help establish a robust local finance function and work closely with the Group Financial Controller and Country Manager.

1. Accounting and financial reporting 

• Manage general ledger, accounts payable and receivable, fixed assets, accruals, prepayments and other accounting activities. 
• Independently lead month-end closing and prepare accurate monthly management accounts and Group reporting packs within agreed deadlines. 
• Prepare and review bank, mobile money, partner, intercompany and balance sheet reconciliations; resolve differences promptly. 
• Ensure accurate recognition of revenue and expenses under IFRS and Group policies, including UGX/USD reporting and FX revaluation. 
• Maintain complete accounting records in Microsoft Dynamics 365 Business Central (or equivalent) and support statutory financial statements and annual external audit. 

2. Financial planning and analysis 

• Support annual budgets, rolling forecasts and financial projections in line with Group guidelines. 
• Prepare budget-versus-actual analysis, explain key variances and present monthly financial results to management. 
• Monitor revenue, operating costs, profitability and financial KPIs; identify cost-efficiency opportunities. 

3. Tax, statutory and regulatory compliance 

• Coordinate accurate and timely Uganda Revenue Authority filings and payments, including applicable income tax, VAT, PAYE, withholding tax, Local Service Tax and EFRIS requirements. 
• Ensure statutory payroll obligations, including NSSF, are met and maintain supporting tax records. 
• Work with tax advisers, auditors and management on tax assessments, audits and statutory submissions. 
• Support finance-related reporting to the Insurance Regulatory Authority of Uganda (IRA), regulatory inspections and monitoring of applicable intermediary requirements. 

4. Revenue assurance and partner reconciliations 

• Reconcile premium collections across internal systems, mobile money operators, payment aggregators and underwriting partners. 
• Investigate collection and commission discrepancies and coordinate resolution with commercial, operations and technology teams. 
• Ensure accurate partner invoicing, commission receivables follow-up and timely settlement of insurer premiums under applicable agreements and regulations. 
• Ensure premium funds collected on behalf of insurers are safeguarded and not used to finance operating expenditure. 

5. Treasury and working capital 

• Monitor daily cash balances and prepare short-term cash flow forecasts and funding requirements. 
• Oversee supplier payments, payroll, reimbursements and statutory payments with appropriate supporting documentation and approvals. 
• Manage receivables collection, payables scheduling, banking relationships and intercompany settlements in coordination with Group Finance. 

6. Internal controls and finance function development 

• Help establish and improve local finance processes, accounting workflows, reporting procedures and internal controls. 
• Apply Group finance policies, delegated authorities, segregation of duties and approval controls. 
• Identify financial and compliance risks, escalate material issues promptly and support internal and external audit follow-up. 
• Guide junior finance staff, where applicable, and coordinate with external advisers and other stakeholders.

2 open days

1 Phone Call

1 Onsite Interview

4 Days after Interview