Financial Reporting Manager Job in Kenya

Financial
Reporting Manager

The
main responsibility of the job holder will be to ensure and achieve quality,
accurate, timely and be efficient & effective in reporting to management,
regulatory bodies and the Bank’s financial partners. Provide guidance to business
by interpreting financial reports, preparing budgets and forecasts and business
performance and analytics in a manner to drive business growth.

Job
Description

Financial
Reporting & Business Performance

·        
Manage the preparation and sharing
of financial statements and management reports while maintaining the highest
quality, reliability and accuracy in the reports and adhering to set deadlines
by statutory bodies like CBK.

·        
Preparing and reviewing financial
reports to management and bank stakeholders in a timely manner while observing
strict deadlines that have been set, providing analysis on financial
performance of the bank i.e. trend analysis, variance analysis.

·        
Maintaining branch financial
accounts to monitor financial performance of the branch or profit centre.

·        
Preparing financial forecasts and
budgets by developing financial models to simulate various scenarios.

·        
Manage periodic closing process
i.e. monthly, quarterly and yearly, including reconciliations and analysis of
related accounts.

·        
Develop and maintain the integrity
of the financial reporting process and financial controls.

·        
Research and resolve accounting
issues including evaluation and implementation of new accounting standards.

·        
Tracking and analyzing business
performance to improve on revenue for the Bank while reducing or maintaining
costs by studying financial reports and business processes.

·        
Analyzing market trends and
benchmarking against the industry.

·        
Aiding management in financial
decision making.

·        
Authorization of financial
transactions posted in the system.

Payments

·        
Review for proper documentation and
approval of payments as per the finance policy and approval matrix.

·        
Ensuring that payments are
processed as per the set SLAs.

·        
Ensuring all statutory deduction
and taxes are remitted on time.

·        
Reviewing and approving payments
for subsidiary.

Fixed
Assets Management

·        
Ensuring that all the new assets
are verified and capitalized.

·        
Periodic fixed asset verification
and tagging.

·        
Ensuring that the bank’s assets are
insured against potential risks.

·        
Preparation of the fixed asset
movement schedule on a monthly basis.

Reconciliations

·        
Review of Fixed assets schedule and
ensuring that all the new assets are capitalized as per policy.

·        
Reviewing monthly reconciliations
on bank investments e.g. placements with other banks, balances due to other
banks, external borrowings, investment in treasury bills and bonds and accrual
of interest.

·        
Supporting the audit process both
internally and externally by providing all the required information within set
timelines.

Staff
Management

·        
Managing direct reports and staff
matters e.g. training.

·        
Prepare performance contract and
BSC for staff

·        
Manage staff leave as per agreed
leave plan

Knowledge,
Skills and Experience

·        
University degree in any business
related field or equivalent

·        
CPA Finalist or equivalent

·        
Minimum seven years’ experience
preferably in banking or financial institution

·        
Minimum three years’ experience in
a supervisory role

·        
Quantitative and qualitative
analytical skills

·        
Excellent communication and
presentation skills

·        
A working knowledge of bank’s
operating systems controls and general banking.

Competencies
Required For The Role 

·        
Leadership skills to motivate and
empower the team to reach organizational goals.

·        
Knowledge and effective application
of all relevant banking policies, processes, procedures and guidelines to
consistently achieve required compliance standards.

·        
Performance Management skills to
optimize employee productivity.

·        
Interpersonal skills to effectively
communicate with and manage customer expectations (internal), and other
stakeholders who impact performance.

·        
Self-empowerment to enable
development of open communication, teamwork and trust that are needed to
support performance and customer-service oriented culture.

·        
Planning & organizing skills to
ensure proper management of objectives, tasks and responsibilities of the unit.

·        
Communication skills to ensure
sound written and oral communication to both internal and external customers.

·        
Problem solving will generally
follow precedent, but the incumbent is required to recommend changes and to
challenge the status quo

How
To Apply 

Interested
candidates are requested to send their cover letter and CV to hr@rafiki.co.ke quoting the position applied for on the e-mail subject
on or before 16^th July 2023 by 5:00pm.

Note: “Only shortlisted candidates shall be contacted”