Finance Manager at KCB Bank Kenya

Finance Manager Job Key Responsibilities

• Prepare the monthly financial performance and the accompanying analysis for the Investment Banking Business.
• Prepare the quarterly financial reports for consolidation by the Group ensuring they comply with the relevant regulations and in accordance to the Group timelines.
• Prepare strategic financial plans, including the budgets and forecasts by collaborating with the Head of Brokerage. Monitor budgets against targets, and keep senior leadership team abreast of the organization’s financial status.
• Coordinate audits by internal auditors, external auditors, Capital Markets Authority inspectors, and KRA officials. To follow up all issues raised in audits and inspections reports and resolve them
• Ensure compliance with IFRS/IAS, Companies Act, Taxation Act and CMA guidelines.
• Ensure all regulatory returns and any other information requested by the regulator is correctly compiled and submitted on time.
• Ensure integrity of the general ledger through daily review and analysis and ensure that all Bank accounts and the relevant suspense are reconciled periodically.
• To validate and approve all payments related to the business in line with the laid down authorization limits and timings.
• Ensure Continuous monitoring and recovery of current brokerage debtors.
• Ensuring that there are adequate internal control procedures to minimize loss of income or misuse of company assets, and that all the set procedures are adhered to.
• Manage the completion of all regular daily, weekly, monthly reporting with all associated commentaries including; month end actuals and forecasts/plan, for multiple key stakeholders (incl. Exec Committee, Board, custodians, Fund managers, Regulators; CBK,CMA) Ensure there is integrity of the data and consistency of format prior to delivery to stakeholders.

Qualifications for the Finance Manager Job

• University Degree in a business related field from a recognized university. A Masters in any relevant field will be an added advantage.
• The person must be a qualified accountant (CPA, ACCA, ACA or equivalent).
• At least 3-4 years management experience in a busy Investment Banking/ Brokerage environment, 2 of which should be in Financial and Management reporting.
• Knowledge and hands on experience in Oracle Financials will be an added advantage.
• Sound knowledge of CMA guidelines and Kenyan Tax laws.
• Should have a thorough knowledge of Investment Banking industry practice, products and services.
• Understanding of IFRS/IAS and accounting principles.
• Excellent planning, problem solving and analytical skills
• Excellent report writing skills.
• Knowledge and hands on experience in office automation tools.