Manager, Statutory Reporting at SBM Bank

Job Purpose:
The overall responsibility of this role is to ensure that the bank complies with the Banking Act and the CBK Prudential Guidelines by generating, analyzing, compiling and submitting accurate and timely statutory reports and preparing the Quarterly and Annual Published Financials.

Key Responsibilities

Regulatory Reporting (70%)

• Accurate and timely submission of CBK reports.
• Accurate and timely submission of monthly KDIC reports.
• Preparation of Quarterly and Annual Publication and ensure that the Bank’s financials are published within the CBK timelines.
• Assist in the preparation of the annual financial statements and relevant notes.
• Co-ordinate external Interim and year-end audit procedures.
• Respond to queries/questionnaires raised by CBK, KBA and Audit firms.
• Continuous updating of templates to capture new/updated reporting lines and new returns.
• Assist in Budget and forecasting by performing regular analysis, projections, and simulations of scenarios to ensure that decisions are made in good time.
• Regular monitoring of set ratios and statutory limits and advise management on preventive actions to take. Support strategic initiatives of the Bank.
• Accurate and timely submission of Group Capital Adequacy schedules.
• Support ALCO by preparation and timely submission of schedules.
• Support the preparation of ICAAP and stress testing reports.
• Respond to queries raised by Head office team/performance management team.
• Assist in the preparation of Management and Group accounts.

Controls (20%)

• Identify areas of improvements and recommend corrective actions to IT or Project team
• Continually review and improve procedures assuring high level of control and accounting is maintained as well as improving efficiency.
• Ensuring that the integrity of the operating environment meets audit and regulatory standards.
• Appropriately assess risks when business decisions are made.
• Ensure procedural documentation is kept up to date.
• Balance sheet substantiation of allocated GLs.
• Continuous alignment of system numbers to reports.
• Closure of all audit issues raised by CBK, internal and external auditors.
• Ensuring Zero penalties on CBK reporting by ensuring full compliance.
• Train others on CBK prudential guidelines, IFRS/IAS standards, controls etc.

Revenue (10%)

• Monitor income reporting lines monthly to ensure there are no income leakages.
• Monitor expense reporting lines monthly to ensure expenses have been correctly captured and any mis-posts have been corrected.
• Continuously explore other areas of generating revenue in line with best practice.

Direct Reports to this Position

None

Key Relationships

Customers of this Position

• Central Bank of Kenya
• Kenya Deposit Insurance Corporation (KDIC)
• External Auditors
• Internal Auditors
• All bank departments
• SBM Group

Knowledge, Skills and Experience Required for this Role

Job Knowledge

• Extensive knowledge in financial reporting, financial analysis, IFRSs, IASs, Chart of Accounts and the CBK Prudential Guidelines.

Job Experience

• Minimum of 8 years of experience working in the Finance Department; or
• 5 years working in an audit firm (Big 4).

Education

• Bachelor’s degree in Finance, Accounting or Business-related field.
• Certified Public Accountant – CPA(K) / ACCA accredited.
• Master’s degree will be an added advantage.

Competencies Required for this Role

• Expert in use of Microsoft Office applications (Excel, PowerPoint, Word).
• Experienced problem solver with an ability to rapidly assimilate complex information across a variety of financial disciplines.
• Strong interpersonal skills to liaise and meet stakeholders’ demands.
• Demonstrated ability to work effectively across business units taking ownership and delivering results.
• Ability to handle multiple initiatives simultaneously with attention to detail in a fast-paced environment.
• Strong communication skills, oral and written, with ability to converse with a wide variety of people across functions.

Budgetary Responsibilities

None.