Finance Manager at Standard Chartered Bank Kenya

Roles and Responsibilities

Leadership

• Manage technical financial & accounting matters.
• Oversee the monitoring and implementation of key financial controls.
• Develop team members through coaching and mentoring.

Planning and Budgeting

• Assist the CEO in the development and management of Solvezy annual business budgets.
• Monitoring of and reporting on Company budgetary discipline for efficiency.
• Participate in development of financial performance measures that support the Company's strategic direction.
• Conducting meaningful proactive financial analysis to inform and support key business decisions.
• Manage the Company's technical financial & accounting matters.
• Oversee the monitoring and implementation of key financial controls across Solvezy.
• Develop team members through coaching and mentoring.

Operational & Financial Controls

• Regularly review the accounting and financial systems to enhance efficiency.
• Establish and monitor internal control processes required to manage and grow the business.
• Proactively work with the internal audit team to identify and implement financial control improvements.
• Supervise the Company's transaction processing systems.
• Ensure that accounting record keeping meets the requirements of auditors, regulatory agencies and applicable standards.
• Ensuring that key Company account reconciliations are conducted regularly, and outstanding items promptly resolved.
• Collaborate with the procurement function in the relevant value chain management.
• Assist in providing operating departments with appropriate guidance on raising of accounting transactions.
• The financial management from Solvezy Technology product offering its clients & other stakeholders.
• The ambitious growth strategies to be employed by the business particularly after the Go-live of Solvezy platform and the real-time onboarding tools which are projected to see an exponential growth in client base.
• Reporting
• Ensure timely and accurate preparation and review of periodic and ad hoc management reports.
• Work with the operations team and report on key performance metrics driving financial results.
• Review and ensure timely filing of statutory and regulatory returns.
• Work with external auditors to ensure timely closure of statutory audits.
• Timely implementation of internal & external audit recommendations.

Tax & Regulatory Compliance

• Active monitoring of changes in tax legislation and ensure compliance.
• Timely remittance of all applicable taxes.
• Ensure all relevant returns including annual license application are filed accurately and in a timely manner.
• Ensure that the Company complies with the relevant legal and regulatory requirements.
• Display exemplary conduct and live by the Group's Values and Code of Conduct.
• Effectively and collaboratively identify, escalate, mitigate, and resolve risks on financial matters.
• Support relevant stakeholders to respond to regulatory questions.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, this includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.

Performance Reporting & Analysis

• Provide objective and analytical commentaries into Solvezy performance, highlighting areas of risks and opportunities for the Business. Agree on action plan closing gaps and track status of action plan through to implementation.
• Provide Solvezy CEO & Venture's senior management support in understanding and analysing key drivers of the various cost lines vis-à-vis budgets. Track implementations of agreed action plans and follow through to closure.
• Support the delivery of the venture's business scorecards
• Provide forecasts at monthly intervals to the teams on revenues, costs, debt charge & balance sheet. Highlight risks to CEO on an ongoing basis. Ensure alignment of segment performance / initiatives with overall Business objectives.
• Collect and analyse market data and competitive trends likely to affect the Business budget, making recommendations to enhance products profitability.
• Co-ordinate development of a suitable and simple MIS for accurate and timely collation and dissemination of information to facilitate effective management of Business performance along product and segment lines.
• Provide CEO & Venture's senior management support by actively participating in key strategic projects to build revenues, providing a financial perspective to systems and product design for new products and other initiatives/contracts.
• Be responsible for maintenance of accurate Profit Models for all Solvezy products and customer segments.

Financial Controls and Compliance

• Ensuring adherence and support compliance to IAS along with Group Accounting Policies and other regulatory accounting guidelines to ensure strong corporate governance.
• Ensure new and existing Product Programmes have clear accounting entries and RIWAC guidelines.
• FTP policy review and implementation.

Operational Risk Management and Assurance Framework (ORMAF) & FCP

• Assist in managing operational risk through:
• Controls: implementing appropriate controls within the unit such that both internal policy and regulatory requirements are adequately followed.
• Risk identification and assessment: identifying risk from KCSA exceptions, KRI indicators, audit points, operational losses, and near-misses, then assessing the risk and ensuring appropriate mitigating action is implemented and monitoring progress.
• Effective management of operational risk within the venture's business unit including ensuring the proper functioning of the embedded and periodic controls.
• Timely identification and escalation of risk issues.
• Review and approval of control checks as performed and submitted by relevant RP's
• Review and timely approval of cost entries

Core Technical Competencies Required

• Strong communication and presentation skills including proven ability and experience in developing proposals, concept papers as well as writing business reports.
• Attention to detail, analytical and critical thinking skills.
• Experience in implementation of new systems and building strong internal control environments.
• Hands-on orientation with a focus on timely execution of tasks to the highest quality without supervision.
• Understanding and working experience of Kenyan tax regulations.
• Understanding of local financial industry regulations.
• Great interpersonal skills with proven ability to lead a team, influence others to accomplish collective goals and relate well with both internal and external customers.
• Good technology skills and hands-on experience with computerized accounting applications.
• Experience in change management and the ability to positively lead change.
• Working experience in financial modelling, budgeting, and planning.

People and Talent

• Stimulate an environment where forward planning, prioritisation, deadline management and streamlined workflows and collaborative, inclusive yet effective and efficient work practices are the norm.
• Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.
• Ensure the provision of ongoing training and development in order that team members are competent, suitably skilled and qualified for their roles, ensuring that they have effective supervision in place to mitigate any risks.
• Review team structure/capacity plan to ensure an effective and efficient risk management framework
• Employ, engage and retain high quality people, with succession planning for critical roles
• Provide feedback at business, function, country, and individual level as appropriate, on Risk and Governance matters which should have a bearing on remuneration pools or individual bonuses (for senior staff).
• Ensure regular and documented management meetings with the senior management team on Cost and Financial Reviews.

Our Ideal Candidate

• Commerce/Accounting/Finance/Banking degree.
• CPA (K), ACCA or CIMA.
• Member of ICPAK or a recognized Accounting body.
• Accounting, Audit and (or) Actuarial background and experience.
• Minimum of 5 years' experience in Finance.
• Experience in working with computerised Accounting/Banking & Microsoft Systems.
• Ability to think creatively and develop innovative solutions.
• Broad knowledge of banking practices and management techniques.
• Good interpersonal and presentation skills.
• Teamwork, analytical, forecasting and risk assessment skills.
• Stakeholder management skills