Summary
Date Posted: Wednesday, March 23, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
Job Purpose Statement
The main purpose of the role is to work with the group head of financial reporting in the management, coordination and preparation of the regional subsidiaries financials. The role serves as a focal point of accounting and interpretation of financial data for the subsidiaries. This will therefore require day to day partnership with the regional subsidiaries so as to monitor their performance effectively.
The role will direct the implementation of financial management culture, policies, tools, processes and procedures that ensures internal efficiencies, and effective preparation and dissemination of financial information in line with the accounting standards for management
decision making and reporting purposes.
The role prepares all the regional business financial report that advise the Group director regional business on the weekly and monthly performance of the regional businesses
The role provides the daily dashboard to the executive team on the performance of the key balance sheet drives sharing insights on key drives of any significant movements

Key Accountabilities (Duties and Responsibilities)
Output Financial 40%
• Performing analysis on regional subsidiaries performance and providing insightful commentary on emerging trends, whilst linking current performance with future projections, risks and opportunities;
• Monitor regional performance against budget and provide monthly variance analysis report.
• Lead the forecasting process & provide strategic insights and commentaries on the financial performance.
• Providing the regional subsidiaries financial performance and future outlook.
• Coordinate the development of regional financial plans & budgets.
• Provide the Business with timely and accurate reports for decision making.
• Support timely and accurate provision of data to internal and external stakeholders.
• Implement process improvements to enhance efficiency and accuracy.
• Monitor monthly expenses for the subsidiaries against budget and follow-up on unfavourable variances.
• Facilitate compliance through accurate and timely submission of returns and reports.
• Daily preparation and circulation of bank liquidity
• Regional weekly liquidity summary
• Monthly ALCO Preparation to guide management decisions
• Back up for the Kenyan subsidiaries & Kenya bank
• Monthly Preparation of transactional reports & NFI Checkers
• Oversee maintenance of fixed asset registers for regional subsidiaries including additions, update of asset details, disposals and write-offs of assets.
• Preparation of Annual Financials Statements
• Seeking opportunities for savings for the regional subsidiaries operating expenses management
• Compliance with IFRS guidelines
• Annual audit co-ordination
Internal business processes 30%
• Ensure proper regional management accounts are kept in accordance with the International Financial Reporting Standards and the applicable laws and regulations in markets the bank operates in.
• Ensure that the said subsidiaries monthly financial reports are prepared accurately and circulated to all users within agreed time lines. These reports include; monthly management accounts and performance analysis reports.
• Ensuring intercompany balances are properly accounted for and reconciled.
• Continuous review of all processes and procedures to drive process improvement and adherence- to procedures
• Development and implementation of systems for collating and analysing financial and operational data to provide relevant management information and reports to specified stakeholders.
• Develop long-term strategic goals for MIS development in conjunction with end users, managers, clients, and other stakeholders.
• Participate in the implementation of projects and use of new MIS software tools and systems.
• Shadow the Business Finance manager Kenya subsidiaries by providing the Kenya subsidiaries performance and filing of regulator returns
• Shadow the group planning and reporting role by preparing group’s consolidated operating business entities monthly financial reports accurately and circulated to all users within agreed time lines. These reports include; monthly management account and performance analysis reports
Customer (Internal) 20%
• Provide financial reports to all the stakeholders in a timely manner
• Provide insights on the regional financial statements to aid in decision making
• Assess and cultivate long-term strategic goals for MIS development in conjunction with end users, managers, clients, and other stakeholders.
• Guide the preparation of the regional subsidiaries annual budgets
• Continuous partnership with regional businesses for effective performance monitoring.
• Provision of accurate information required by rating and lending agencies.
Learning and growth 10%
• Work with other members of the unit so as to learn their roles for individual development and assist whenever called to.
• Collaborate with other members of the Department, and with other relevant stakeholders for the purpose of cultivating collective responsibility to achieve business goals.
• Training through E-learning, Internal & External training activities.
• Training and development of clear growth plans

Ideal Job Specifications
Academic:
• University degree in business related studies or equivalent.
• MBA is an added advantage.
Professional:
• CPA, ACCA, CIMA or equivalent professional qualification

Desired work experience:
• Five years’ post-qualification (accounting) experience in a medium to large corporate organisation.
• Three years’ work experience in middle management role.
• Practical experience in use of relevant MS Office applications.
• Competence in the use of SAP, SAP BODs, SAP BPC and T24
Closing on: Mar 27, 2022

Work Hours: 8

Experience in Months: 60

Level of Education: Bachelor Degree

Job application procedure
Use the link below to apply.
https://ke.ncbagroup.com/jobs/management-accountant-regional-businesses

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