Finance Officer at Bank of Africa Kenya Limited

Job Purpose: The purpose of this role is to ensure the bank’s financial reports are prepared in accordance to the relevant standards and that regulatory reports and external reports are well prepared and submitted on time.

Responsibilities and Accountabilities; 

Regulatory reporting:

• Prepare, review, and submit all regulatory reports to the Central Bank and Deposit Insurance Corporation within prescribed timelines.
• Ensure compliance with all regulatory reporting requirements and guidelines.
• Monitor changes in regulatory reporting requirements and implement necessary updates.

Financial Reporting:

• Prepare quarterly and annual financial statements in compliance with applicable accounting standards and regulatory requirements.
• Coordinate and support the external audit process, including preparation of schedules and responses to audit queries.
• Prepare group consolidation reports and supporting schedules.
• Maintain and update IFRS 16 lease accounting models and ensure compliance with reporting requirements.
• Maintain and update government securities valuation and reporting models.
• Prepare staff performance evaluation models and related analytical reports.
• Perform reconciliations and analytical reviews to ensure accuracy and completeness of financial information.
• Support implementation of new accounting standards and reporting requirements.

Payments and Cost control:

• Support the supplier payment process and ensure timely settlement of approved invoices.
• Review invoices for accuracy, completeness, and budget compliance before payment processing.

DFI and other external reporting

• Prepare monthly, quarterly, and annual reports required by Development Finance Institutions (DFIs).
• Coordinate submission of reports to external stakeholders and funding partners.
• Ensure accuracy, completeness, and timely submission of all DFI reporting requirements.

Risk Management and Internal Controls

• Ensure compliance with internal control procedures and finance policies.
• Identify reporting and operational risks and recommend mitigation measures.
• Support internal and external audit engagements.
• Maintain proper documentation and audit trails for all reports and financial records.

Minimum Requirements; 

• Bachelor’s degree in accounting or finance.
• Professional qualifications like ACCA, CPA.
• 5 years’ experience with good knowledge of bank policies and CBK prudential guidelines.
• IFRS knowledge.