Job Openings at DIB Bank Kenya Limited (DIBBKE)

Job Purpose:

To ensure effective management of finance operations and administration by overseeing accounts payable, fixed assets, project accounting, tax compliance, and intercompany reconciliations. The role safeguards the integrity of financial data, enforces internal controls, and drives a cost-conscious culture across the Bank, in line with DIB Bank Kenya’s governance framework, regulatory requirements, and Islamic banking principles.

Finance Operations and Administration:

• Accounts Payables & requisition management
• Project accounting and reporting
• Fixed Assets management and maintenance of the Fixed Assets Register
• Cost control and embedding a cost-conscious culture across the Bank
• Tax payments and compliance with statutory obligations
• Cross-border recharges and intercompany reconciliations

Control Environment:

• Internal financial controls, policies, standards, and procedures
• General Ledger standards and reconciliations
• Financial data processing – integrity, accuracy, and sufficiency
• Systems security and logical access controls
• Department Operating Instructions and process flows
• Key Control Standards, Self-Assessments, and Key Risk Indicators

Key Responsibilities:

Accounts Payable and Cost Controls

• Oversee the Accounts Payable function to ensure efficiency, accuracy, and compliance with procurement and supplier processes.
• Enforce the Bank’s Expense Management Guidelines to strengthen cost discipline.
• Drive adoption of the automated Procure-to-Pay (P2P) system for transparency and control.

Fixed Assets Register

• Maintain an accurate and automated Fixed Assets Register covering acquisition, depreciation, movement, revaluation, and disposal.
• Conduct periodic verification of assets and update the register accordingly.
• Perform monthly reconciliations between the Fixed Assets Register and the General Ledger.

Trial Balance Review and Monitoring

• Conduct daily reviews of the Trial Balance (TB) at both GL and cost centre levels to monitor movements and ensure compliance with financial control requirements.
• Document findings and escalate anomalies promptly.

General Ledger Reconciliations and Controls

• Perform timely reconciliations and substantiations of GL accounts in line with control guidelines.
• Review and correct accounts with “unnatural” balances (e.g., asset accounts in credit, liability accounts in debit).
• Maintain reconciliation schedules, supporting evidence, and ageing analysis.

Accruals, Prepayments, Provisions / Write-offs

• Ensure accurate accounting for accruals, prepayments, and provisions in line with IFRS and internal policies.
• Escalate reconciliation issues per the Bank’s Escalation Procedures and resolve diligently.
• Process write-offs and provisions with appropriate approvals under the Delegation of Authority framework.

Intercompany Reconciliation

• Manage reconciliations of intercompany recharges and balances due to/from DIB Group affiliates, including cross-border transactions.
• Ensure timely clearance of outstanding items and monthly reconciliations with group-level counterparties.

Project Accounting and Reporting

• Monitor and account for project-related costs, including WIP, transfers to the Asset Register, and amortisation.
• Ensure accurate cost centre allocations, timely capitalisation of assets, and closure of project cost centres within three months of completion.
• Maintain monthly cost forecasts and integrate projects into the annual budget process.

Tax Management

• Oversee tax compliance, including preparation, processing, and remittance of statutory taxes and deductions.
• Ensure adherence to local regulatory requirements from the Central Bank of Kenya, Kenya Revenue Authority, and other relevant bodies.

Control Environment

• Uphold internal financial controls, policies, and procedures.
• Safeguard financial data integrity, accuracy, and sufficiency.
• Enforce system security, logical access controls, and compliance with Key Control Standards (KCS), Key Risk Indicators (KRIs), and Self-Assessments.

Financial and Management Reporting

• Provide backup support to the Manager, Financial Controls, in preparing monthly, quarterly, and year-end statutory accounts.
• Support external audits and ensure compliance with reporting standards.

Skills / Experience:

Education:

• Bachelor’s degree in finance, Accounting, or Business Studies. MBA an added advantage.
• Fully qualified CPA (K), ACCA, or Chartered Accountant.

Experience & Skills:

• Minimum 5-7 years’ post-qualification experience in accounting or audit.
• Strong GL controls, reconciliations, regulatory exposure; excellent analytical and stakeholder skills.

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Job Purpose

The Job holder will be responsible for Additionally, the incumbent will be responsible for Group reporting in liaison with the Senior Manager Financial Controls.

Key Responsibilities

Procurement duties

Group Reporting

• Responsible for the preparation of Group reports as per SLA.
• Responsible for collation of information from other units for completion of Group Reports.
• Provide support to the Senior Manager Financial Controls with respect to Group reporting enquiries.
• Liaise with MIS unit in automation of Group reports to improve on efficiencies.
• Assist with External audit process by reviewing required audit schedules and support documents.
• Preparation of ALCO pack.
• Any other duties assigned from time to time.

Reliever Role for Accountant-Regulatory Reporting and Accountant -Financial Control

• Provide backup for Accountant -Regulatory reporting and Accountant- Financial Control including IFRS and Central Bank Reporting.
• Input for and validation of IFRS 9 provisioning model.
• Support financial reporting team in respect of preparation of key financial reporting schedules for credit risk and liquidity risk, in line with department standards.

Financial & non-financial (impact on end results “department budget, cost of operation, sales margin, operating income, staff headcount”)

Financial: None

Non-Financial: To improve existing workflow and process based on business and product understanding.

Key Relationship (Internal & External)

Internal:

• Head of Finance (CF0)
• Group Finance
• Branches
• Risk
• IT
• Internal Audit
• Business teams (If required)

External:

• Central Bank and other regulatory authorities e.g., KDIC
• Tax Authority
• Ministry of Finance
• External Auditors
• Tax advisors

Work Experience & Other Requirements

• CPA Part 2 or similar qualification.
• University Degree in Finance, Accounting or Business Studies.
• Minimum 3 years post qualification experience in a similar position and/or in accounting or audit environment
• Knowledge of International Accounting and Reporting Best Practices
• Good knowledge of the Financial and Banking sector
• In depth knowledge on accounting concepts, principal, and knowledge of banking products.
• Knowledge of reconciliation procedures
• Knowledge of CBK electronic software reporting module
• Knowledge of CBK reporting requirements and repercussions for failure to comply.
• Good interpersonal skills and good verbal and written communication skills.
• Good numerical skills
• Good computer skills, especially MS Excel
• Dynamic, analytical, and self-driven individual with the ability to work under pressure.

Key Competencies

• Complex and varied work assignments requiring frequent careful choice in prioritizing, timing and sequence of procedures and steps.
• High impact in terms of risk and delivery responsibilities.
• More demanding internal and external customers due to financial sector sophistication and maturity requiring more sophisticated reports.
• Strong decision-making ability is required on the application of local regulations and bank policies.
• Interpretation and application of IFRS and IAS