Summary
Date Posted: Tuesday, November 08, 2022 , Base Salary: Not Disclosed

JOB DETAILS:

The Finance Acctg Sr. Manager requires in-depth understanding IFRS, US GAAP, Prudential Guidelines issued by Central Bank of Kenya, Kenyan Tax Laws and any other governing regulation. Requires basic commercial awareness, developed communication and diplomacy skills in order to guide, influence and convince others, in particular colleagues in other areas and occasional external stakeholders. Has responsibility for volume, quality, timeliness and delivery of end results of Finance Function. May have responsibility for planning, budgeting and policy formulation within Finance and for the Franchise. Full management responsibility of a team, which may include management of people, budget and planning, to include duties such as performance evaluation, compensation, hiring, disciplinary and terminations and may include budget approval.

Responsibilities:
• Daily management of local regulatory reporting activities, financial control related activities,
• Responsibility for all financial accounting, management information systems, analysis and review of all strategic investment options, local and foreign taxes, local and US regulatory compliance as well as liaison with internal and external auditors and bank regulators.
• Actively participate in franchise or country related committees, such as CCC, RRGC, BRCC, ALCO and other committees as shall be designated
• Participate in developing the Country Strategic Plan and Objectives and embed an appropriate Performance Management framework to enable the business to succeed: Analytical review, approval and presentation of financial statements, competitor analysis, strategic initiatives, investment proposals and management profitability reports for internal and external use. Working closely with the Divisional Planning and Analysis Team to ensure that analysis on country financial information is timely, accurate and value added. Coordinate/manage the effort for budgeting and planning across businesses and franchise for the country.
• Enable a robust Finance Management Control Self-Assessment (MCA) process, including design and implementation of the control framework, the quality assurance of the control file processes, documentation of processes and controls, analysis of key risks identified, assessing the adequacy of corrective actions and following up of the implementation and appropriateness of corrective actions. Responsible for the controls over the balance sheets of the country and ensuring balance sheet control conforms with the Global best practice.
• Ensure that all Internal/external audits are proactively managed, (preparation, planning, fieldwork and actions)
• Liaise closely with Citigroup Global and EMEA Accounting Policy Groups. Maintain knowledge of business operations and keep abreast of changes in economic and business climate. Analyze implications of changes and inform management on key financial trends.
• Proactively manage the end-to-end Month End / Quarter End process, working closely with Finance and Risk Shared Services (FRSS) to ensure timely accurate close process. Review and continually improve processes and hand-offs.
• Local Regulatory reporting: Ensure compliance with local regulatory requirements to ensure all controls around the process are in place and functioning. Ensuring that accurate reports are submitted in a timely manner and reviewing all reports prior to submission. This also involves ensuring that the relevant reports are also circulated to relevant departments to ensure the organization continues operating within the relevant regulatory limits. Responding to any regulatory queries with regards to the Local Regulatory Reporting.
• Regulatory Reporting Governance: This includes collation and preparation of the Quarterly RRGC Deck. Circulation of the deck to the committee. Writing of the minutes of the RRGC, and circulation of the minutes post the meetings for committee comments and approval.
• Local Regulatory reporting: Ensure compliance with local regulatory requirements to ensure all controls around the process are in place and functioning. Ensuring that accurate reports are submitted in a timely manner and reviewing all reports prior to submission. This also involves ensuring that the relevant reports are also circulated to relevant departments to ensure the organization continues operating within the relevant regulatory limits. Responding to any regulatory queries with regards to the Local Regulatory Reporting.
• Annual Financial Statements: Preparation of the annual financial statements and relevant notes and disclosures as per prevailing IFRS’s and IAS’s. This includes compilation on non-Finance data and related disclosures.
• Take a leading role in (Internal Capital Adequacy Assessment Process) ICAAP
• Participate in Regional Finance initiatives and rollouts.
• Backup the CFO when required
• Other duties and responsibilities as may be assigned

Qualifications:
• 6-10 years of relevant experience
• In-depth knowledge Local and US GAAP; Familiarity with finance functions and systems
• Management experience of team of professionals as well as familiarity with banking products and reporting requirements as well as legal vehicle governance and control.
• CPA or Chartered Accountant

Education:
• Bachelor’s/University degree, Master’s degree preferred


Work Hours: 8

Experience in Months: 72

Level of Education: Bachelor Degree

Job application procedure

Interested and qualified? Go to Citi on jobs.citi.com to apply


All Jobs

QUICK ALERT SUBSCRIPTION