Finance Officer at Choice Microfinance Bank

About the job

Choice Micro Finance Bank is a leading Micro Finance bank in Nairobi, Kenya. We are looking to hire a Finance officer. This position will be based in, Nairobi County.

 The primary duties and responsibilities of this position entails: -

•  Manage the Monthly/Quarterly/Annual financial reporting and submission as per Group’s timelines, ensuring proper controls on financial reporting in compliance with IFRS/IAS, Companies Act, and Taxation Act, IRA guidelines and the Company’s policies and procedures.
•  Manage, review, and approve all payments within the board-approved limit for the bank expenses
•  Manage the receivables process by ensuring adherence to Choice MFB credit policy daily/weekly tracking and reporting of receivables.
•  Assist in the audit process, review the submissions for external audits and closure of audit queries.
•  Manage the liquidity position of the unit ensuring accurate plan of cashflows and assists in investment of excess liquidity in line with the investment policy.
•  Manage the reconciliation of all ledger accounts of the unit for accuracy of the monthly GL reconciliations and Bank reconciliations.
•  Provide accurate and timely financial planning and budgeting input for the unit in compliance with the Choice MFB guidelines.
•  Review the expenditure plans, track expenditure as per budget and analyze and report any significant variance to management with recommended actions. Ensuring all taxes are filled/paid in time in compliance with the relevant regulations.

The Person
The ideal candidate will have the following qualifications

•  Bachelor’s Degree in Commerce (Finance or Accounting Option), Economics or a related field
•  Professional Qualifications in Accounting (CPAK/ACCA)
•  At least 2 years experience in a bank or any micro-finance institution

 Key Competences

• A person of integrity with excellent analytical and report-writing skills.
• Strong leadership and organizational skills.
• Results-oriented with strong analytical skills and strategic thinking.
• Ability to work independently and effectively on strict deadlines.
• Good communication, presentation, and interpersonal skills.
• Knowledge of computerized banking systems
• Have worked in a start-up and fast paced environment