Business Accountant

Job Grade: NA
Line Manager: Operations manager Supervises: GIT Department: Operations Duty Station: Kampala
Company Background: SIMSUN Financial Services was founded with a clear vision to bridge the financial gaps that hold back hardworking entrepreneurs, educational institutions, and society across Uganda. Born from the recognition that access to timely and flexible capital is often the missing link between ambition and achievement, Simsun emerged as a modern, agile financial partner dedicated to the unique needs of Uganda's dynamic economy. At Simsun, we believe Finance should empower you, not complicate your journey. We are proud to serve Ugandan entrepreneurs, educators, and society, helping turn challenges into opportunities for a brighter and more prosperous future. We operate under Uganda's Tier 4 microfinance regulatory framework, UMRA, and aim to deliver fast, transparent, and responsible financing using technology-enabled processes, strong field operations, and rigorous controls.
Job Purpose: To manage day-to-day financial accounting operations, ensure accurate recording of transactions, support financial planning and analysis, maintain strong internal controls, and deliver timely, reliable financial information to support business decisions, regulatory compliance, and portfolio growth while minimizing financial risks.

Key Duties: 1. Financial Accounting & Record Keeping

• Maintain accurate and up-to-date accounts using the company’s accounting system
• Record all transactions related to loan disbursements, repayments, interest income, fees, and provisions for the core products, e.g., Stock Financing, School Fees Financing, Invoice Discounting.
• Perform daily/weekly reconciliations of bank accounts, mobile money wallets, cash, and loan portfolio ledgers.
• Manage accounts of payable, receivable, payroll, and statutory deductions (NSSF, PAYE, VAT, withholding tax).
• Ensure timely payment of suppliers, service providers, and local authorities.
• Manage staff payroll and remittances

2. Financial Reporting & Analysis

• Prepare monthly, quarterly, and annual financial statements, management accounts, and product-specific performance reports, e.g., income by product line, portfolio yield, and cost of funds.
• Analyze financial data, including variance analysis between actual vs. budget, product profitability, and key trends in disbursements and collections
• Support the preparation of regulatory reports for UMRA, URA, and any other statutory bodies.
• Generate ad-hoc reports for management on cash flow, working capital, and financial health of the lending portfolio.
• Review of monthly stock records from credit offers and reconciling with respective ledgers

3. Budgeting, Forecasting & Planning

• Develop and monitor the annual budget and periodic forecasts tracking
• Track actual performance against budget and provide explanations for variances, with recommendations for corrective actions.
• Support product-level costing and pricing analysis, like interest margins, discount rates, and risk-adjusted returns for each financing product.

4. Compliance, Controls & Risk Management

• Ensure full compliance with Ugandan accounting standards, tax laws, financial institutions regulations, and internal policies.
• Maintain strong internal controls over financial transactions, especially around loan disbursements, collections, and collateral management.
• Support external and internal audits by preparing schedules, responding to queries, and implementing audit recommendations.
• Monitor and report on financial risks, including credit provisions, liquidity, and foreign exchange exposure.

5. Portfolio & Product Accounting Support

• Track and account for loan portfolio movements like disbursements, repayments, early settlements, restructurings, and write-offs across the core products.
• Calculate and account for interest accruals, impairment provisions using expected credit loss or similar models, and fees.
• Reconcile loan management system data with the general ledger on a regular basis.

6. Team Collaboration & Continuous Improvement

• Work closely with Credit Officers, Collections, Operations, and Business Development teams to resolve accounting queries and improve processes.
• Identify opportunities to automate accounting workflows and enhance reporting accuracy.
• Provide financial advisory and training to non-finance staff on budgeting, expense control, and product profitability.

Qualifications & Experience

• Bachelor's degree in accounting, Finance, Business Administration, or related field.
• Professional qualification: CPA (Uganda), ACCA, or equivalent (part-qualified candidates with strong experience may be considered).
• Minimum 3–5 years of relevant accounting experience, preferably in a microfinance institution, non-bank financial institution, or lending company in Uganda.
• Hands-on experience with loan portfolio accounting, interest income recognition, and provisioning.
• Proficiency in accounting software, advanced Microsoft Excel - pivot tables, financial modeling, VLOOKUP, and Google Workspace-Microsoft 365.
• Sound knowledge of Ugandan tax laws, UMRA regulations, and IFRS
• Strong analytical, attention-to-detail, and communication skills with high integrity and ability to work under pressure.

Key KPI’s reviewed quarterly and linked to performance incentives KPI Target Measurement method Weight
Monthly management accounts & reconciliations completed By 5th working day of subsequent month Finance system timestamps & management signoff 20%
Reconciliation variances and Audit findings Zero material variances, clean audit opinion >3 minor findings Internal and External audit reports 20%
Compliance score on Internal controls & statutory filings >99% compliance with tax returns, UMRA reports etc Checklist for regular core routines 15%
Loan ledger vs GL reconciliation accuracy 100% reconciliation with differences resolved within 48hrs Monthly reconciliation reports 15%
Variance analysis reports delivered with insights Monthly variance explanations with actionable recommendations Management review & feedback 10%
Accurate cashflow forecasting & monitoring Forecast variance 4% Cashflow reports & treasury monitoring 10%
Process improvement initiatives implemented At least 2-3 automations and efficiency projects YoY Project tracking 5%
Query resolution turnaround & stakeholder satisfaction 95% of finance queries resolved within 72hrs Internal feedback surveys 10%


How to Apply:All applications will be received and reviewed through the BrighterMonday Portal by clicking on the 'Apply Here' section