Accountant

Job Overview

Baikal Financial Services is seeking a skilled Accountant to join its finance team in Kampala. This full-time role is ideal for a detail-oriented professional with experience in financial services or microfinance. The position offers stability and growth in a regulated financial environment.

The successful candidate will ensure accurate financial recording, support loan accounting, and maintain compliance with Ugandan tax and regulatory standards. You will work closely with internal teams to produce timely financial reports and support audit readiness.

This is an opportunity to contribute to the financial integrity of a growing institution while developing expertise in asset financing and lending operations. The role demands precision, integrity, and a strong grasp of core accounting principles.

Key Responsibilities

• Maintain accurate books of accounts by posting journal entries and ensuring proper classification of all financial transactions.
• Process borrower loan repayments with precision, allocating funds to correct principal, interest, and fee accounts daily.
• Manage accounts payable and receivable cycles, including vendor invoicing, payment processing, and customer follow-ups.
• Perform monthly bank, cash, and loan reconciliations to identify and resolve discrepancies promptly.
• Support accounting for loan disbursements and asset financing, ensuring proper documentation and ledger updates.
• Prepare and file statutory returns including VAT, PAYE, WHT, and NSSF in accordance with URA deadlines and regulations.
• Generate monthly management accounts and financial reports for internal review and board presentation.
• Assist in audit preparation by organizing schedules, reconciling balances, and providing documentation to external auditors.
• Ensure all accounting records comply with IFRS for SMEs, Ugandan Companies Act, and microfinance regulatory requirements.

Qualifications & Experience

Essential

• Bachelor’s degree in Accounting, Finance, or a related field from a recognized university.
• CPA (U) or ACCA qualification, either completed or actively pursuing with verifiable progress.
• Minimum 3 years of hands-on accounting experience in financial services, microfinance, or banking.
• Proficiency in accounting software such as QuickBooks, Sage, or core banking systems, plus advanced Excel skills.
• Strong working knowledge of Ugandan tax laws, including VAT, PAYE, and withholding tax obligations.
• Demonstrated ability to maintain accuracy under pressure while meeting strict monthly reporting deadlines.

Desirable

• Experience in Boda Boda lending, asset financing, or hire-purchase accounting is considered an advantage.
• Familiarity with core banking platforms like Temenos, Mambu, or Finacle used in Ugandan financial institutions.
• Prior exposure to internal or external audit processes, particularly in regulated financial environments.
• Knowledge of Credit Reference Bureau (CRB) reporting and loan provisioning under BOU guidelines.
• Ability to train junior staff or interns on accounting procedures and software usage.

What the Role Offers

• Competitive monthly salary aligned with industry standards for mid-level accountants in Kampala.
• Performance-based bonuses tied to individual and company financial performance indicators.
• Formal opportunities for career progression into senior accounting or finance management roles.
• Access to continuous professional development, including support for CPA/ACCA exam fees and study leave.
• Additional benefits such as lunch allowance, transport facilitation, and annual leave entitlements.

How to Apply

Interested candidates should submit an updated CV, copies of academic and professional certificates, and a brief cover letter outlining their suitability for the role. Please apply now by clicking the link below.

About the Company

Baikal Financial Services Ltd is a growing financial institution in Uganda, specializing in loan products for individuals and small businesses. The company is committed to financial inclusion, integrity, and sustainable growth through responsible lending practices.

With a focus on innovation and customer service, Baikal Financial Services continues to expand its portfolio in asset financing and microcredit. The institution values professionalism, teamwork, and ethical conduct in all its operations.

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