Chief Finance Officer (CFO)
Kampala, Uganda * Full-time
True North Consult Ltd
Category: Finance
Total Positions:
Location: Kampala, Uganda
Full-time
Salary: not mentioned
Posted 1 year ago
KEY DUTIES AND RESPONSIBILITIES
• Financial Strategy and Planning (Sharia-Compliant)
• Develop and implement the company’s overall financial strategy, aligning with its business objectives, Sharia principles, and the guidance of the Sharia Supervisory Board.
• Lead the annual budgeting and forecasting processes, ensuring accuracy and
• alignment with strategic goals and Sharia compliance.
• Develop long-term financial plans and models to support strategic initiatives and capital allocation decisions, adhering to Islamic finance principles.
• Provide strategic financial insights and recommendations to the CEO and the executive leadership team, ensuring Sharia compliance in all financial matters.
• Financial Reporting and Accounting (Sharia-Compliant)
• Ensure compliance with statutory provisions in respect of financial reporting, taxation and other statutory payments.
• Ensure expenses are fully paid and properly accounted for in accordance with company procedures/guidelines and ensure that approved signed mandates are complied with.
• Supervise the preparation of year-end financial reports and statements in compliance with financial reporting and Sharia standards.
• Maintain financial records and reports in accordance with the various statutory and compliance obligations.
• Ensure reconciliations are properly and promptly done.
• Oversee the preparation and analysis of accurate and timely financial statements in accordance with relevant accounting standards and Sharia-compliant accounting practices.
• Maintain financial records and reports in accordance with the various statutory and company obligations.
• Provide insightful financial analysis and reporting to management, the board of directors, and regulatory authorities, highlighting Sharia compliance.
• Ensure the integrity and accuracy of all financial data and reporting systems, adhering to Sharia guidelines on transparency and disclosure.
• Risk Management and Compliance (Sharia-Compliant)
• Identify, assess, and mitigate financial risks in accordance with Sharia principles, including managing the Takaful fund and participant contributions ethically.
• Ensure compliance with all relevant insurance regulations, accounting standards, tax laws in Uganda, and the rulings of the Sharia Supervisory Board.
• Develop and maintain strong internal controls that are consistent with Sharia principles and safeguard company assets and participant contributions.
• Manage relationships with external auditors and regulatory bodies, including those overseeing Islamic finance.
• Investment Management (Sharia-Compliant)
• Oversee the company’s investment portfolio, ensuring all investments are Sharia-compliant and aligned with investment policies approved by the Sharia Supervisory Board.
• Develop and implement Sharia-compliant investment strategies to optimize returns while adhering to ethical investment guidelines.
• Monitor investment performance and provide regular reports to the board and management, highlighting Sharia compliance.
• Takaful Fund Management
• Oversee the management of the Takaful fund in accordance with the chosen Takaful model (e.g., Wakala, Mudharaba) and the guidelines of the Sharia Supervisory Board.
• Ensure the appropriate allocation of surplus and deficit within the Takaful fund as per Sharia principles.
• Maintain transparency and accountability in the management of participant contributions.
• Capital Management (Sharia-Compliant)
• Manage the company’s capital structure and ensure adequate capital levels to support business growth and regulatory requirements, adhering to Sharia principles on permissible capital structures.
• Develop and execute capital planning strategies that are consistent with Islamic finance guidelines.
• Relationship with Sharia Supervisory Board
• Serve as the primary point of contact for the Sharia Supervisory Board on all financial matters.
• Ensure that all financial policies, procedures, and transactions are reviewed and approved by the Sharia Supervisory Board.
• Facilitate the provision of necessary financial information and reports to the Sharia Supervisory Board.
• Leadership and Team Management
• Lead and mentor the finance department, fostering a high-performing and collaborative team environment that understands and respects Sharia principles.
• Set clear objectives, provide regular feedback, and support the professional development of team members, including training on Islamic finance.
• Promote a culture of financial accountability, transparency, and Sharia compliance throughout the organization.
• Stakeholder Management
• Build and maintain strong relationships with external stakeholders, including banks, regulatory authorities.
• Represent the company in financial discussions and negotiations, ensuring adherence to Sharia guidelines
Recommended for you
QUALIFICATIONS / SKILLS
• A recognized relevant University degree
• Must be a member of the Institute of Certified Public Accountants
• At least four (4) years’ working experience as an accountant
• In-depth knowledge of the Ugandan insurance market, regulatory environment, and industry best practices.
• Strong understanding of Islamic finance principles, particularly Takaful models and Sharia compliance requirements.
• Characteristics
• Strategic thinker with excellent interpersonal & communication skills
• Strong financial acumen and analytical skills.
• Ability to build relationships with stakeholders at all levels.
• Demonstrated ability to lead and inspire a diverse team.
• Sound decision-making and problem-solving abilities
HOW TO APPLY
Please share your CV and Academic Documents to exechire@truenorthafrica.com with subject line Chief Finance Officer (CFO)
All applications shall be acknowledged as received but only shortlisted candidates will be contacted.
All applicants should share their CV’s and Cover Letters in PDF or MS Word STRICTLY.
For any inquiries on this career opportunity and the application process please e-mail. s.ashaba@truenorthafrica.com
Deadline: 18th May 2025
Deadline: Expired
Related Jobs
Stone Pillar Finance
Deadline: Open until filled
UNIFI
Deadline: Open until filled
UNIFI
Deadline: Open until filled
Boresha Credit Services Limited
Deadline: Open until filled
Bless The Children Ministries
Deadline: Open until filled
FH Association
Deadline: Open until filled
War Child Alliance
Deadline: Open until filled
Mind Nest Uganda
Deadline: Open until filled
UGAFODE Microfinance
Deadline: Closing soon
C-Care Uganda
Deadline: 17 Jul 2026
Cordaid
Deadline: 15 Jul 2026
EXIM Bank
Deadline: Closing soon
Penal Reform International
Deadline: 13 Jul 2026
MIC Global Finance
Deadline: 15 Jul 2026
CEMES Uganda
Deadline: Open until filled
CCare Uganda
Deadline: Open until filled
WESDOM VALVES AND FITTINGS (U) CO. LTD
Deadline: Open until filled
Africa Management Solutions
Deadline: Open until filled
Twahirah Islamic Charity
Deadline: Open until filled
Waako Credit Limited
Deadline: Open until filled
Baikal Financial Services
Deadline: Open until filled
Platinum Credit Uganda
Deadline: Open until filled
Hugamara
Deadline: Open until filled
Water For Good
Deadline: Open until filled
EzyAgric
Deadline: Open until filled
Totya Platform
Deadline: Open until filled
Straight Talk Foundation
Deadline: Open until filled
Give Directly Uganda
Deadline: Open until filled