Jobs at Central Bank of Kenya

Job Purpose

• The Job holder will provide assistance in the implementation of Accounting standards, laws, and preparation of Audited Financial Statements. He/She will uphold the integrity of financial data through general ledger reconciliations and other internal controls and measures

Key Duties and Responsibilities
Strategic Responsibilities

• Ensure integrity of Accounting Systems and Financial Data.
• Provide technical assistance on Accounting matters.
• Assist in the preparation of Audited Financial Statements.

Technical and Operational Responsibilities

• Reconcile imported GL files in the reporting system against third party systems on each business day and resolve any variances noted.
• Initiate Journal entries in the systems in accordance with the laid down procedures.
• Undertake month end closure activities as outlined in the month end closure checklist and follow up on closure of other modules before the closure of the general ledger.
• Perform sanity checks of the trial balance.
• Perform monthly general ledger reconciliations within the set deadlines and ensure there are no outstanding items, provide comments on any outstanding items and escalate as may be necessary.
• Review of reconciliations from partner business areas such as Banking and Payments, Financial Markets and Currency Operations Departments.
• Support internal and external audit exercises, action on audit issues raised and ensure they are closed promptly.
• Process reimbursement letters and follow –up on payment in line with the laid down work policies and procedures/SLAs.
• Prepare and monitor the departmental budget, annual procurement plan and variance reporting.
• Assist in the preparation of the Audited Financial Statements by providing audit schedules and any other information.
• Represent Finance Department on project teams/working parties to ensure that new products, new functionality and process improvements are correctly implemented.
• Any other roles and responsibilities as may be assigned by the supervisor.

Other Responsibilities

• Assist the Deputy Manager, Financial Reporting and Manager, Financial Reporting to achieve sectional objectives.
• Keep abreast of changes in financial regulations and legislation i.e. policies and International Financial Reporting Standards and update the section leadership.
• Assist in interdepartmental activities such as tender opening and evaluation.

Qualifications

• A Bachelor’s Degree in Accounting, Management, Economics, Finance or business related discipline from a reputable university.
• Professional qualification(s) in accounting e.g. CPA, ACCA or equivalent.

Work Experience

• At least three (3) years post qualification experience in a busy Accounting related area.

Competencies
Technical Competencies

• Good understanding of International Financial Reporting standards.
• Good understanding of Financial Reporting requirements.
• Strong communication and presentation skills.
• Proficiency in Microsoft applications i.e., advanced Excel, word and powerpoint.
• Good knowledge and experience with accounting systems
• Strong analytical and problem-solving skills

Behavioral / General Competencies

• High level interpersonal skills, including ability to build alliances and collaborate across multiple cultures.
• Strategic thinking and problem-solving skills.
• Strong negotiation skills.
• Attention to details.
• Customer Focus- Ability to demonstrate concern for the expectations of customers and prioritize them as well as convey realistic expectations.
• Emotional Intelligence.
• Team player.
• Be of high ethical standard and integrity.

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Job Purpose

• The Financial Planning and Performance (FPP) Officer supports Financial Planning and Performance function, ensuring alignment with the Bank’s strategic goals and compliance with regulatory standards and accounting standards. The FPP is responsible for annual budget development, training budget liaisons, and implementing management-directed changes in the budget. The Officer also generates and analyses Financial Planning and Performance reports for review, financial performance metrics to come up with Management Reports and monitors budget performance

Key Duties and Responsibilities
Strategic, Technical and Operational Responsibilities

• Conduct annual training/sensitization for budget liaison officers on the budget policies, guidelines and assumptions.
• Assist cost centers in the development of their CAPEX budgets, ensuring correct categorization and budgeting.
• Review and consolidate the cost centers’ budget proposals and the supporting annexures.
• Prepare documentation and participate in consultative meetings for discussing the budget proposals with cost centers.
• Implement the changes recommended by the management untill the Final Draft is posted.
• File and archive the budget process documents (Drafts and Notes) as required.
• Validate the approved budget uploaded in the ERP system.
• Ensure implementation of budget in conformity with the budget policy and guidelines.
• Offer technical support to users in monitoring and evaluating the budget implementation.
• Receive and maintain records of monthly variance and quarterly CAPEX reports and follow up to ensure compliance from the Departments.
• Pass adjustments to correct variances, and other adjustments as may be needed by the Cost Centers.
• Monitor capital expenditure projects and prepare the quarterly CAPEX report.
• Prepare and analyze financial performance metrics, including budget variances, revenue trends, forecasts, and cost drivers.
• Prepare the Draft-monthly Management Reports, and forward to the section’s management for review.
• Prepare the Draft monthly report to the Foreign Reserves Investments Committee (FRIC) for review.
• Monitor and report projects’ Financial status within the Project Portfolio Management (PPM) module.

Stakeholder Relationship Management

• Build and maintain effective relationships with internal and external stakeholders, including internal and external auditors and respond to stakeholder inquiries and requests for financial information in a timely and professional manner.

Systems improvement

• Participate in the implementation of cross-functional projects related to improvement of financial planning and performance systems.

Qualifications

• A Bachelor’s Degree in Accounting, Management, Economics, Finance or business related discipline from a reputable university.
• Professional qualification(s) in Accounting e.g. CPA, ACCA or equivalent.

Work Experience

• At least three (3) years post qualification experience in a busy Accounting related area.

Competencies
Technical Competencies

• Good understanding of International Financial Reporting Standards.
• Good understanding of Financial reporting requirements.
• Strong communication and presentation skills.
• Proficiency in Microsoft applications i.e., advanced Excel, Word and Powerpoint.
• Good knowledge and experience with Accounting Systems.
• Strong analytical and problem-solving skills.

Behavioral / General Competencies

• High level interpersonal skills, including ability to build alliances and collaborate across multiple cultures.
• Strategic thinking and problem-solving skills.
• Strong negotiation skills.
• Attention to details.
• Customer service skills.
• Emotional Intelligence.
• Team player.
• Be of high ethical standard and integrity.

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Job Purpose

• Reporting to the Deputy Manager, Payables Section, the role holder is responsible for managing the day-to-day payables related activities in order to ensure compliance with the laws, regulations, standards and best practices, policies, procedures and internal controls that guide the operations of the Department

Key Duties and Responsibilities
Strategic Responsibilities

• Enhancing payables internal controls and ensuring compliance with Finance Policy and Payables Standard Operating Procedures.

Technical and Operational Responsibilities

• Review and process supplier invoices, staff claims, imprests and Board Director’s allowances.
• Capture data related to supplier invoices, staff claims, imprests and Board Director’s allowances.
• Perform Bank account reconciliations.
• Correctly compute withholding tax and prepare schedules for returns to KRA.
• File payment documents in an organized manner for ease of retrieval.
• Carry out payments account daily reconciliations.
• Prompt resolution of staff advances (Imprests).
• Prompt and articulate response to supplier queries.
• Reconcile payables related General Ledger Accounts.

Other Responsibilities

• Any other roles and responsibilities as may be assigned by the supervisor.

Qualifications

• A Bachelor’s Degree in Finance, Accounting or any other relevant degree from a reputable university.
• Professional qualification(s) in accounting e.g. CPA, ACCA or equivalent.
• Membership of ICPAK or ACCA.

Work Experience

• At least three (3) years post qualification experience in a busy Accounting related area.

Competencies
Technical Competencies

• Good understanding of payables management and processes.
• Good understanding of International Financial Reporting Standards (IFRS).
• Good knowledge of Public Finance Management Act and regulations.
• Understanding of Payables modules and systems.
• Good understanding of Public Procurement and Assets Disposal Act.
• Appreciation of Bank policies and practices on payments.
• Good knowledge of Accounts Analysis and Reconciliation.
• Good grasp Taxation & relevant legislation.
• Analytical acumen.

Behavioural/ General Competencies

• Ability to make independent decisions - always staying objective.
• Ability to work collaboratively in a team.
• Self-motivated with the ability to work independently and balance workload to complete multiple assignments within deadlines.
• Analytical thinking and ability to execute tasks in a structured manner, with accuracy and attention to detail.
• Professionalism in interaction and execution of responsibilities.
• Strong verbal and written communication skills.
• Relationship management skills - ability to build rapport and create good relationships.
• High level of integrity and ethical practices – always maintaining the reputation and public perception of the Bank.
• Resilience and ability to maintain momentum when faced with operational challenges, while adapting to a changing environment.

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Job Purpose

• The job holder is responsible for timely and accurate inputting of supplier invoices, withholding taxes, filing withholding tax returns, reconciling payment accounts, reviewing staff expense reports, following up on staff imprests, filing and custody of payment records and responding supplier queries.

Key Duties and Responsibilities
Strategic Responsibilities

• Enhancing efficiency in Supplier Payments Processing.
• Enhancing internal controls
• Making proposals in payment policy development and payments operation manual.

Technical and Operational Responsibilities

• Efficient processing of suppliers’ invoices, staff claims and imprests.
• Perform Bank Account reconciliations.
• Ensure withholding of applicable taxes is done correctly.
• Prepare tax returns schedule to facilitate timely payment of relevant taxes.
• Coordinate regular filing of payment documents and ensure ease of retrieval.
• Approve payments promptly.
• Review payments against supporting documents on a daily basis.
• Review staff expense reports/claims for correctness.
• Effectively respond to supplier queries

Other Responsibilities

• Any other assignment that may be allocated from time to time.

Qualifications

• A Bachelor’s Degree in Finance or related discipline from a reputable university.
• Professional qualification(s) in Accounting e.g. CPA, ACCA or equivalent.

Work Experience

• At least three (3) years’ experience in a fully-fledged Accounting Department

Competencies
Technical Competencies

• Good understanding of Financial Reporting requirements and Standards.
• Working knowledge of computer applications (MS excel, Ms Word and Accounting applications)
• Good understanding of Kenya Tax Laws.
• Good understanding of Public Finance Management Act.
• Basic understanding of Public Procurement Law.

Behavioural/ General Competencies

• High level interpersonal skills, including ability to build alliances and collaborate across multiple Departments.
• Strategic thinking and problem-solving skills.
• Strong negotiation skills.
• Emotional intelligence.
• High level of integrity.