Cost Accountant (Full-time Finance Job) – National Social Security Fund (NSSF)

Cost Accountant

Employment Type: Full-time
Deadline: 22nd November 2024
Job Grade: D2
Reports To: Senior Manager, Budgeting and Reporting
Department: Finance
Duty Station: Headquarters, Kampala, Uganda
Organization: National Social Security Fund (NSSF)

Job Overview:

The National Social Security Fund (NSSF) is looking for a Cost Accountant to lead the cost management function. This role focuses on analyzing financial data to identify cost-saving opportunities, overseeing budget preparation and monitoring, and maintaining an effective cost control framework.

Duties and Responsibilities:

Accounting Operations:

• Ensure compliance with accounting procedures and recommend improvements to finance processes.
• Design and maintain an effective Cost Accounting System.

Cost Control and Performance Analysis:

• Prepare monthly expenditure reports and conduct variance analysis with budget holders.
• Monitor and report on budget performance, identifying and addressing deviations from the cost baseline.
• Perform value-for-money reviews and analyses of key business processes.
• Review invoices to ensure budget availability and accurate cost allocation.
• Organize cost review meetings to enhance budget control.
• Establish coordination with project functions to meet cost control requirements.
• Anticipate potential budget overruns and implement corrective measures.
• Analyze cost trends and recommend control actions.
• Maintain an Analytical Database to monitor expenses.
• Analyze the profitability of various initiatives and segments.

Budget Preparation:

• Lead the Fund’s annual budget preparation and consolidation for Exco and board approval.
• Support departments in preparing budgets and reviewing their submissions.
• Prepare budget documentation for Exco, the board, and ministerial approval.
• Provide guidance on budgeting trends and pricing.
• Conduct budgeting and cost control training for Fund staff.

Stakeholder Engagement and Collaboration:

• Engage with internal and external stakeholders to achieve departmental and organizational goals.
• Advise managers on cost structures to balance monitoring needs with system constraints.
• Assist Procurement with annual market surveys for pricing major consumables.
• Contribute to the annual integrated report and ESG/Sustainability report.

Education Requirements:

• Bachelor’s degree in Finance, Commerce, Accounting, Business Administration, or Statistics.
• Professional qualifications such as CIMA, CPA, or ACCA.

Work Experience:

• Minimum of 4 years of experience in Cost Accounting and Analytics.
• Certification in Cost Control and Business Intelligence/Analytics is an advantage.

Key Competencies:

• Strong background in costing systems.
• Planning and organizational skills.
• Experience with data analytics and visualization tools (e.g., Power BI).
• Excellent report-writing and presentation abilities.
• Strong communication and interpersonal skills.
• Collaboration and stakeholder management skills.
• Critical thinking and problem-solving abilities.
• Experience with cost standards development and analysis.
• Advanced IT skills in Excel, PowerPoint, and Word.

Application Instructions:

Interested candidates should CLICK HERE TO APPLY and submit an application letter, CV, and academic qualifications in one PDF addressed to the Chief People and Culture Officer at recruitment@nssfug.org by Friday, 22nd November 2024.

Women are encouraged to apply.

About NSSF
Industry: Government
Location: Kampala, Uganda

The National Social Security Fund is a quasi-government agency responsible for managing retirement funds for Uganda’s private sector employees who are not covered by the Government Retirement Scheme.