Summary
Date Posted: Saturday, March 19, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
Job Purpose
To assist the Director, Finance in managing and providing leadership in financial planning (budgets), financial accounting and reporting as well as the accounting for Branch functions at the Bank in order to achieve the planning and reporting strategic objectives and mandates of the Finance Department in the Bank.

Key Responsibilities
A. Strategic Responsibilities
• Provide leadership and guidance to the Financial Planning and Reporting section including planning, budgeting and monitoring.
• Oversee the preparation of timely and accurate management reports to facilitate performance monitoring of business trend and profitability.
• Offer strategic leadership to the Finance teams in operationalizing the mandate of Finance department in the Bank.
• Knowledge of prevailing accounting standards, existing legislation and regulations.
Technical and Operational Responsibilities
• Provide leadership on the preparation of budgets, coordination of the budgets process, monthly tracking of performance, continuous tracking of budget versus actuals as well as reforecasting in accordance with the Bank’s strategic plan, policies, guidelines and laws.
• Lead in preparation and coordination of the statutory audit of the annual financial statements and proactively implement resolutions for all audit findings.
• Oversee and monitor the implementation of financial accounting standards and policies.
• Ensuring Management and Board reports are promptly prepared and submitted in time as well as delivering related presentations.
• Ensure a robust controls environment is in place and deliver timely, accurate and full reconciliations of aged and open items in the General Ledgers.
• Optimise the capabilities of the ERP and other systems in use in order to improve financial reporting, service delivery and ensure effective use of data, trend analysis and reports to inform planning, reporting and decision making.
• Ensure Management Accounts are produced in time, reviewed and approved/cleared by senior management.
• Proactively identify and document business risks and put in place mitigating measures to minimise the impact on crystallizations of risks.
• Oversight the development of prudent and sustainable resource allocation methodologies.
• Ensuring service delivery by the financial planning and reporting division under the Service Level Agreements (SLAs) and Service Charter.
• Monitoring, planning, budgeting and reporting of the division’s team’s performance and activities.
• Lead, manage and effectively coach the team to deliver on the Division’s and Department’s SLA requirements.
• Provide support to the Director, Finance in operationalising the mandate of the Finance Department and provide technical support in budgeting and financial reporting matters.
• Providing technical and innovative support to the Head of Department in matters budgets and financial reporting and provide ad hoc performance reporting and analytics for various requirements.

Minimum requirements
Academic qualifications
• Bachelor’s degree in Finance, Accounting or related discipline from a reputable institution.
• A Master’s degree in Finance/Strategy from a reputable institution will be an added advantage.
• A professional accounting qualification e.g. CPA, ACCA or equivalent. d. Membership in a relevant professional accounting body.

Experience requirement
• Ten (10) years post qualification experience in financial management with a minimum of five (5) years in Senior Management in a high performing in a high performing, fast paced and progressive organisation with similar scale and/or complexity.
• Experience in reporting at various levels i.e. Board and Senior Management level.
Friday, 1 April 2022

Work Hours: 8

Experience in Months: 120

Level of Education: Bachelor Degree

Job application procedure
If your experience matches these exciting opportunities, please submit your application to hrservices@kpmg.co.ke on or before. Only applications submitted through the email address provided will be considered.
*Only shortlisted candidates will be contacted*

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