Accountant – Financial Operations at DIB Bank Kenya Limited (DIBBKE)

Job Purpose 

The incumbent will be charged with accounts payables & requisition management, project accounting, fixed assets and the management of the fixed assets register, cost control and driving cost management culture, tax payments, cross border recharges. Additionally, he/she will be cross checking the internal financial controls and policies, standards & procedures, while ensuring General Ledger standards and controls, financial data processing are as er the requirements.

Key Responsibilities 

• Oversee that Accounts Payable function for procurement and suppliers is carried out efficiently and in a controlled manner. Enforce the Expense Management Guidelines for proper cost control.
• Reconciliations and or substantiation for GL accounts are reviewed on a period basis, timelines and in the manner set out in the control guidelines. To include reconciliation schedules, backup evidence, quality and ageing analysis.
• Reviewing, monitoring and correcting accounts with ‘unnatural’ balances (asset accounts in credit and liability accounts in debit) at TB and Departmental levels.
• Review GLs for outstanding items and on a regular basis make adequate accruals and provisions as per accounting standards.
• Escalate any reconciliation issues in line with the Escalation procedures and promptly clear all reconciliation issues with utmost diligence and seriousness.
• Ensure adequate provisions / write-offs must be created / made as required. In such cases, the appropriate approval procedures must be followed in line with the Delegation of Authority.
• Reconciliation and substantiation of amounts due to and due From DIB Group affiliates including cross boarder recharges.
• WIP monitoring, analysing, accounting, and reporting on project spend and explanations for any variances.
• Ensure that costs are recorded against the correct cost centre and account line and that prepayments and accruals are properly recorded, monitored, and cleared.
• Ensure that all assets are capitalized in accordance with approval limits and that capitalizations are done on a timely basis.
• Ensure that costs are recorded against the correct cost centre and account line and that prepayments and accruals are properly recorded, monitored, and cleared.
• Monitor and review the branch expenses through petty cash process and ensure that the branches get approvals for any variations.
• Any other responsibility that will be assigned from time to time by line manager.

Job Specification 

• Minimum bachelor’s degree preferably in accounting, finance, or business administration from a recognized institution.
• Fully qualified Certified Public or Chartered Accountant or similar qualification.
• Accounting & financial reporting skills.
• Financial statements analysis skills.
• Knowledge of Bank’s operations.
• Good knowledge of sharia compliant banking operational processes will be an added advantage