Head of Finance Job in Kenya - SMEP Microfinance Bank

SMEP Microfinance Bank Limited, a Christian based bank regulated by

the Central Bank of Kenya, invites applications from interested and

suitably qualified candidates to fill the position of:

Head of Finance

Ref: HOF/2/5/HRD/2015

The role of the position is to undertake the financial management functions of the bank. 

This includes providing leadership and strategic direction to the finance function of the bank, provide efficient, timely and accurate financial management information and expertise to enable timely management decision-making and safeguard the bank’s assets from loss arising from fraud or error and ensure compliance with organizational policies and regulatory requirements.

Duties and Responsibilities

Reporting to the CEO, the successful candidate will be expected to handle the following: -

• Support the development and implementation of the company’s strategic and business plan through allocation of financial resources to ensure proper management of financial resources and assets of the company.


• Manage the utilisation of company finances according to established policies, plans and procedures


• Assist in carrying out financial planning using projection models and other financial tools and disseminate the information to the various stakeholders within and without the organization.


• Monitor performance against financial plans and provide relevant and timely information to the Board, Senior Management, Departments, and other stakeholders.


• Provide accurate and timely periodic financial reports and other reports to the various stakeholders as per policy or on need basis; prepare reports for management, directors, auditors, regulators, government agencies and departments including for tax compliance purposes.


• Coordinate with the external auditors to ensure timely and expeditious facilitation external auditing requirement and statutory reporting of financial performance.


• Manage the preparation of financial proposals and related supporting documentation for donor funding, external financiers, commercial financing, regulatory and government authorities, external auditors, and financial consultants as needed.


• Implement policies and procedures to guide the management of the investment portfolios in the bank.


• Provide, on need basis, financial information to internal customers for use in their various departments and act as liaison for the finance department.


• Ensure reliability and integrity of financial and operating information systems


• Assist in the supervision of budget preparation and consolidation of annual projections


• Manage balance between risk and return by maintaining a positive spread between the interest rates on earning assets and the interest cost of funds


• Manage all payments, and collection & banking of revenue


• Manage all capital expenditure and procurement for the bank


• Oversee funding requirements and liquidity management of the bank


• Safeguard cash balances and oversee inter branch transfers


• Ensure proper custody of security, deeds and other important documents


• Ensure that the organisation does not suffer financial loss through fraud and error by ensuring that assets are safeguarded and by closely maintaining and monitoring efficient and adequate internal control systems


• Supervise the running of the finance department to ensure adherence to bank’s policies, procedures and regulations.


• Ensure that the organisation is continuing to meet the grant compliance requirements and act as the liaison person with donors for financial reporting of grants. 


• Ensure compliance with laid down conditions and terms pertaining to loan agreements with external financiers.


• Perform any other duties as may be assigned by the Chief Executive Officer and/or Management from time to time

Qualifications and Competencies

• Masters degree in Business Administration (Accounting/Finance)


• Bachelor’s degree in Commerce (Accounting option) or Finance / Business Administration / Economics or related field. 


• Training in microfinance or banking field will be an added advantage


• Must be a CPA (K) or ACCA or CFA finalist in related accounting, finance or audit field


• Member of a professional body e.g. ICPAK


• Have 5 years relevant work experience 3 of which in a similar position preferably in a financial environment. Hands on experience with T24  emerge is an added advantage


• Be aged between 35-45 years


• Applicants must be committed Christians

Other Key Skills

• posses strong analytical and numeracy skills, 


• ability to think & plan strategically, 


• excellent report writing, 


• communication & presentation skills, 


• self motivated and a team player with demonstrable managerial & organization skills; 


• leadership and interpersonal skills including ICT skills

How to Apply

Qualified and interested candidates who meet the above criteria should CLICK HERE to download the “SMEP Job Application Form” and send their filled applications to recruitment@smep.co.ke on or before 30th May, 2015. 

Only shortlisted candidates will be contacted.