Chief Financial Officers' have been challenged to create tangible impact which ultimately impacts their teams and organizations.
In his keynote address at the 9 annual Chief Financial Officier Awards Patrick Ayota NSSF MD said, "No other office in an organization sits at the pinnacle of an organization than finance, hence there is going to be a need to be accountable in creating more impact.He stressed this is CFO's responsibility because they sit on top of all the criticial information and data."
"When you become a good CFO, it is beyond numbers, you should create impact because numbers are what you are paid for, but you need to answer questions like what do you want to be known for both professionally and in your personal life," Ayota added.
The Chief Guest, Assistant Auditor General James Bantu, commended ACCA Uganda and Deloitte Uganda for organizing the awards which not only seeks to empower CFOs but recognize excellence.
He said, "Over the past 8 editions, 45 CFOs have been honored and 65 awards across 9 categories have been presented which a testament to the growing recognition of financial leadership as a cornerstone of institutional success."
PostBank Uganda's Chief Financial Officer, Peter Ssenyange won big at the Awards which seek to celebrate exceptional leaders in the finance industry. The 9 edition CFO Award also is intended to inspire, connect, and elevate the standards of financial excellence in Uganda.
Launched by Deloitte Uganda and Association of Chartered Certified Accountants (ACCA) Uganda highlights the critical role played by finance professionals in driving financial stewardship, strategic decision-making, and sustainable growth within their organizations.
The ceremony conducted under the theme "CFO vision: Creating Impact and Legacy" the CFO Awards recognized exceptional talent and leadership in Uganda's finance industry.
Peter Ssenyange received two accolades including the CFO of the Year and the Sustainability Award.
Commenting upon this achievement, Ssenyange said, "The theme for this year's awards was an invitation to not only be leaders and create an impact and legacy, but also a reflection of the crucial role we each play in our organizations as finance is a key segment of any entity."
He added that, "This win is a culmination of a great team at the PostBank Uganda, support from management and the strategic plans laid forth to create sustainable impact to the staff,customers and shareholders."
Ssenyange's 5-year journey at PostBank which is rebranding to Pearl Bank has seen the Bank's performance soar with a positive trajectory of a 20% increase in income to Shs. 248 billion, deposits growing 25% to Shs. 990 billion, and a 19% rise in the loan book to Shs. 719 billion in 2024.
Ssenyange's win comes after the Bank recently attained Sustainability Certification in Germany, which is testament that the bank is making strategic strides in championing the sustainability agenda which is in line with its 5-year strategic plan.