Jobs at Sidian Bank

JOB PURPOSE

The Job holder will be responsible for preparation of timely and accurate reconciliations; accounting and administrative tasks and safe keeping of records at the intermediary.

KEY RESPONSIBILTIES

• Finance & Accounting
• Bancassurance operations
• Risk Management
• Customer experience

MAIN ACTIVITIES

Finance & Accounting

• Receipting of premiums received and allocating them to the relevant clients.
• Generating of payment schedules to underwriters.
• Updating of financial records and schedules on a daily basis, fact checks, and resolving discrepancies.
• Participate in preparation of financial reports and assisting with year-end audits and other reviews by providing relevant schedules and documents.
• Generate and share client statements.
• Provide recommendations for improving procedures and systems for initiating corrective actions.

Operations

• To maintain spreadsheets for monitoring and analyzing accounting data and preparing financial reports.
• To assist in enforcing credit control and debt collection.
• Maintain postdated cheque register and ensure banking of cheques held is done on the due date.
• Maintain the DDA register and ensure reports are accurate where the DDA clears and Doesn’t clear.
• Maintain a comprehensive filing system for all financial records and documents.
• Manage day to day operations of the accounts department.
• Correcting and modifying inaccurate files and records.

Risk and Compliance

• Ensure compliance with both external and internal regulatory requirements and the approved Standard Operating Procedures (SOPs).
• Assist in identifying risks facing the Agency and any remedial actions that can be undertaken to mitigate the risks.
• Provide recommendations for improving procedures and systems for initiating corrective actions.

Customer Service

• To communicate and liaise with clients, vendors and branches and assist in handling finance related communications
• Ensure high end customer service and all queries are attended to as per the stipulated TAT & SLA.

DECISION MAKING AUTHORITY

• The role is highly guided by Policies and Procedures;
• Decision on work scheduling.

ACADEMIC BACKGROUND

• University degree or above in a relevant business discipline e.g. business administration or finance.
• Master’s degree will be an added advantage.

WORK EXPERIENCE

• At least 2 years’ experience in banking.
• At least 1 year in insurance, preferably in Bancassurance

SKILLS & COMPETENCIES

• Effective communicator with excellent interpersonal and motivational skills;
• Excellent customer service, client relationship management, communication, negotiation, problem solving and interpersonal skills;
• Sense of judgement and common sense with both qualitative and quantitative tools to provide sound and comprehensive analysis/evaluation on complex credit applications;
• Excellent with numbers and MS Excel proficiency.

PROFESSIONAL CERTIFICATION

• Certified Public Accountant (CPA) – Minimum Section 2
• Other accounting certifications will be an added advantage

HOW TO APPLY

Fill in the application form below or;
Send your application to jobs@sidianbank.co.ke

go to method of application »

JOB PURPOSE

The Job holder will be responsible for preparation of timely and accurate reconciliations; ensuring supplier payments are processed on a timely basis and correctly posted.

KEY RESPONSIBILTIES

• Reconciliation
• Checking payments
• Timely payments
• Record keeping
• Reporting

MAIN ACTIVITIES

Reconciliation

• Prepare various Bank reconciliations ensuring they are accurate & timely as well as follow up resolution of reconciling items. Reconciliations include but not limited to Branch reconciliations, Nostro & CBK reconciliations, Correspondent accounts, Transit accounts, clearing accounts, Bankers cheques, etc.
• Review and process income reversal requests in line with policy.

Checking payments

• Receive, confirm and verify payments, ensuring all contractual and LPO based payments are processed promptly & accurately and that appropriate procedures and approvals have been complied with before processing any payment
• Ensure accruals of expenses are accurately processed before end of month.
• Prepare various schedules for analysis and booking, e.g. prepayment schedules, rent schedules, etc.
• All invoices are checked for validity before payment is made.  This may involve liaison with ordering staff to ensure that the goods or services invoiced have been received and are of an appropriate standard.
• Concerns are discussed with the Financial Director before payment.
• Communication is maintained with creditors to ensure that clarification, if required, is obtained in a timely fashion.
• Creditors are dealt with courteously.
• Correct processing of staff claims, exit final dues, salary advances, welfare claims as per the HR guidelines

Timely payments

• Ensuring all internal and external payments are processed accurately and in a timely manner, complying with all appropriate procedures and tax laws.
• All invoices for services received before the last day of the previous month are paid on or before the 20th of the following month. Where a delay is unavoidable, dialogue is maintained with creditors to ensure they are aware of the reasons for any delay.

Record keeping

• Ensure accurate and safe archiving of all relevant documents and vouchers in the department.
• Invoices are filed appropriately and stored for not less than 7 years and the invoices can be retrieved easily upon demand.
• Payments are appropriately annotated with creditor name, invoice number and if appropriate, further information required for responsible accounting.

Reporting

• Reporting of patterns of invoicing, invoiced totals and other relevant information is made to the Financial Director and/or the Company Accountant as required.
• Preparation and timely submission of the daily Foreign exchange report to CBK while ensuring accuracy of the same.
• Maintaining the Fixed assets register and ensuring that depreciation, acquisitions and disposals are posted correctly and on a timely basis as well as ensuring Work In progress capitalization is done as required.
• Ensure correct and accurate posting to the bank ledgers and branches for correct costing
• Ensure remittance of supplier’s information, all taxes and statutory contributions within stipulated deadlines as required by law.
• Manage external audits ensuring all required data is provided and audits completed on a timely basis.
• Provide relevant information for audit & CBK reviews as appropriate.
• Reporting of patterns of invoicing, invoiced totals and other relevant information is made to the CFO and any unusual payments or patterns of payments are brought to the attention of the CFO.

DECISION MAKING AUTHORITY

• The role is highly guided by Policies and Procedures;
• Decision on work scheduling.

ACADEMIC BACKGROUND

• University degree or above in a relevant business discipline e.g. business administration or finance.
• Master’s degree will be an added advantage.

WORK EXPERIENCE

• At least 2 years’ experience in banking.

SKILLS & COMPETENCIES

• Effective communicator with excellent interpersonal and motivational skills;
• Excellent customer service, client relationship management, communication, negotiation, problem solving and interpersonal skills;
• Sense of judgement and common sense with both qualitative and quantitative tools to provide sound and comprehensive analysis/evaluation on complex credit applications;
• Excellent with numbers and MS Excel proficiency.
• Ability to work under pressure.

PROFESSIONAL CERTIFICATION

• Certified Public Accountant (CPA) – Minimum Section 2
• Other accounting certifications will be an added advantage