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Standard Bank Group is the largest African banking group by assets offering a full range of banking and related financial services.
"Africa is our home, we drive her growth”
Our vision is to be the leading financial services organisation in, for and across Africa, delivering exceptional client experiences and superior value. This sets the prima...
Job Details
Group Finance: Budgeting and forecasting, creating interim and annual financial statements, facilitating internal mergers and acquisitions, as well as dealing with analysts and investors.
Job Purpose
- To ensure the overall integrity and accuracy of the General Ledger as a basis for the preparation of financial and management reports.
- Custodian of the General Ledger and Chart of Accounts.
- Preparation of financial reports.
Key Responsibilities/Accountabilities
Reconciliation of trial balance accounts and preparation of the balance sheet substantiation pack
- Reconciliation of all trial balance accounts on a monthly basis and investigation of anomalies.
- Accruals reconciliation. Providing a monthly listing of accruals.
- Listing bad debt and other provisions to explain cause of movements.
- Preparation of balance sheet account listings for purposes for the monthly balance sheet substantiation.
- Monitoring expenses against budget and ensuring correct cost center mapping.
- Providing listings and reconciliations for other ledger accounts as requested from time to time.
Regulatory reporting
- Preparation of various management reports/returns as per regulatory guidelines.
- Submission of the reports as per the agreed deadlines.
- Filing of the submissions for record keeping and audit purposes.
Management reporting
- Monthly preparation and circulation of management report.
- Quarterly preparation of industry analysis for board reporting.
- Monthly preparation and commission report by distribution channel.
- Budget preparation.
Month-end reporting
- Assist in coming up with the trial balance by ensuring all necessary entries have been processed.
- Upload of end month Clear Vision trial balance movements into SAP.
Debt management
- Weekly reconciliation of custodial client accounts against brokerage commission payment schedules received and investigation of any variances.
- Communication to custodial clients on brokerage commission outstanding and follow up of the same.
Monitoring and reconciling the related parties account
- Posting of intercompany transactions.
- Liaising with Stanbic bank and other group companies to establish nature and accuracy of transactions.
- Reconciling the intercompany account.
Employee debtors reconciliation
- Preparing a schedule of outstanding employee debt to establish amounts receivable from various staff.
- Communication of outstanding amounts to the respective staff and follow up for submission of imprest returns.
- Ensuring that imprest returns are reconciled and posted to clear outstanding amounts.
Filing tax returns- VAT, Withholding tax, Withholding VAT and Stamp duty
- Reconciliation of the tax ledgers on a monthly basis and follow up to resolve any anomalies.
- Filing the tax returns on iTax and E-tax platforms and payment of the same by the monthly deadline dates.
- Filling in the details of tax returned filed for the month on Encompass, for submission to group.
Preferred Qualification And Experience
- A first degree in Business preferably a major in Accounting.
- At least 3 years’ experience within an accounting role.
Professional Qualifications
Knowledge/Technical Skills/Expertise
- Demonstrate an excellent understanding of bank and other reconciliations.
- Have a good understanding of reporting.
- Knowledge of the Capital Markets Authority and Nairobi Stock Exchange (NSE).
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