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Family Bank (formely Family Finance Building Society) was registered as a Building Society in October 1984 in Kenya, under the Building Societies Act and commenced operations in the early 1985. Family Bank converted into a fully fledged bank in May 2007 and the main driver for our conversion was the need to offer a wider range of products and services to our...
About the job
Are you a go getter, positive minded individual who fits the role profile captured below? There is an opportunity for ambitious, self-driven individuals to fill the above position.
REPORTING TO: CHIEF FINANCE OFFICER
Job Purpose: Responsible for assisting the Bank in its strategy development and transformation process as well as monitoring and supporting strategy implementation including but not limited to efficient coordination of initiatives across the bank and performance management of implementation.
Key Responsibilities:
- Liaising with various stakeholders and work streams and ensuring execution of deliverables in line with agreed roadmap for the 5 years’ strategic implementation activities
- Understanding critical dependencies across initiatives and mobilizing relevant process owners
- Translating initiatives, work streams and milestones into project plans which ensures successful project completion
- Assisting in setting target metrics / KPIs for work streams and tracking targets set
- Monitoring and tracking of initiatives and reporting deviations and suggesting remedial actions
- Assisting in review of Business plans for initiatives prior to senior management sign off
- Coordinating with external consultants engaged in the strategy formulation / implementation
- Bank-wide communication of weekly/monthly developments on 5-year strategic plan
- Communicating project information to stakeholders and other interested parties
- Preparation of periodic reports for various governance forums on progress of transformation
- In liaison with the Line Manager, developing, maintaining, monitoring and updating a tracker showing progress on execution of deliverables in line with the 5-year strategic implementation activities and escalating notable deviations.
- Monitoring and tracking of initiatives, facilitating initiative approvals at various stages, reporting deviations and suggesting remedial actions.
- Identifying, analyzing and preparing mitigation tactics for risk (Signaling blocking points and flagging these timely to CFO)
- Identifying and managing anticipated resistance including keeping track of any changes
- to cadence and correcting if need be to keep discipline
- Supporting the periodic reviews of the 3 – 5-year strategic plan and continuous reporting of the progress to the various identified governance forums
- Ensuring that all new business is in line with KYC and AML/CTF laws and regulations and customer information is regularly updated.
- Any other official duty that may be allocated by management from time to time.
Qualifications and Competencies:
- Bachelor’s degree in Business Administration or its equivalent from a recognized institution. Master’s degree in Business Administration or its equivalent from a recognized institution will be an added advantage
- Project Management (Desirable)
- A minimum of 7 years overall banking experience 3 of which should have been at managerial level.
- Ability to project manage complex and multifaceted strategic projects
- Ability to understand and translate strategy into action
- Effective communicator
- Excellent negotiation and influencing skills
- Good relationship management skills
- Good interpretation and decision making ability
- Good people management skill
- Strong analytical and numerical skills
- Ability to work independently/self-driven
- Good knowledge of Microsoft Excel and other project management applications is desirable
- Strong planning, coordination and time management skills.
Key Competencies and Attributes:
- Ability to understand and translate strategy into action
- Ability to project and manage complex multifaceted strategic projects
- Advance proficiency and experience in use of excel including modelling
- Knowledge and experience in project management
- Effective communicator & good relationship management skills
- Excellent negotiation and influencing skills
- Good interpretation and decision making ability
- Good people management skills
- Strong analytical and numerical skills
- Ability to work independently/self-driven
- Good knowledge of Microsoft Excel and other project management applications
go to method of application »
About the job
Are you a go getter, positive minded individual who fits the role profile captured below? There is an opportunity for ambitious, self-driven individuals to fill the above position.
REPORTING TO: SENIOR MANAGER -FINANCE
Job Purpose: To support the CFO in delivery of strategic and timely business insights by ensuring that reports on financial performance are promptly and accurately prepared and delivered to both internal and external stakeholders
To oversee the provision of financial decision support services to business division leaders by ensuring that timely, accurate and tailored financial information is proactively generated and provided. To lead in the annual budgeting and planning exercise for the Group.
Key Responsibilities:
Planning and Analysis
- Drive the annual budgeting and business planning process and provide guidance to Decision Support partners.
- Prepare medium- and long-term Business Plans as well as monthly forecasts {Income Statement, Balance Sheet and Cash Flow forecasts}
- Prepare investment cases for review by Senior Management – New products, New Markets
Reporting
- Oversee the reporting of monthly financial results of the Bank including monthly consolidation
- Reviews and reports on the financial performance of the various business segments and make appropriate recommendations
- Review performance with Heads/Line Managers and identify drivers and improve performance within their divisions. Work with Business partners to ensure that agreed initiatives are implemented
- Prepare monthly updates to the Board and Shareholders on both financial and non-financial metrics.
- Coordinate the preparation of board committees’ packs
- Reviews the organizations financial performance and prepares the company’s financial reports in line with statutory reporting process
· Ensures that all new business is in line with KYC and AML/CTF laws and regulations and customer information is regularly updated.
Decision support
- Design and implement cost centers and roll out cost allocation at Branch, Business Unit, Product and customer level
- Design and implement an executive key drivers dash board to track KPI’s
Risk Management
- Oversee compliance and implementation for group businesses, and lead the first line of defense team, policies and remediation of operational risks within finance
- Ensure full closure of external and internal audit issues.
Key Performance Metrics
- Budget Planning & Implementation
- Turnaround time of budget preparation
- Number and value of budget deviations
Business Partnering
- Ability to proactively identify business financial needs
- Timely resolution of financial issues
- Relevance of recommendations to business
- Effective allocation of Finance Decision Support Partners
- Number of business losses made due to wrong or high-risk financial decisions taken
- Feedback from Group Heads/Line managers
Financial Reporting
- Timeliness, completeness and accuracy of monthly management reports
- Timeliness and accuracy of segmental reports as well as project and product financial reports
- Delays to decision-making caused by inaccurate financial statements or management reports
- Any other official duty that may be allocated by management from time to time.
The Person:
The ideal candidate must possess the following:
Qualifications:
- Minimum of Bachelor’s Degree in a quantitative field
- MBA or Master’s Degree in a related discipline is desirable
- Should possess an advanced professional certification such as CPA, ACCA, CIMA, CFA
- Minimum of 7 years of relevant experience at least 3 of which should be at a managerial level. Experience with ERP systems would be highly desirable.
Key Competencies and Attributes:
- Personality: A go-getter, good negotiator, enthusiastic, results oriented with excellent communication and social skills. A forward planner with clear focus, mature, reliable, hardworking and able to work without supervision.
- Sound knowledge of the Bank’s policies and procedures
- Management ability: Responsibility and ability to grow, support and develop talent.
- Computer skills: adept in use of Ms Word, Excel, Access, powerpoint, Internet and email.
- Honest and with high integrity
- Keen to details.
- Innovative and creative.
- Ability to take personal initiative and work with minimal supervision
ALL applicants MUST apply online to the email; recruitment@familybank.co.ke; closing date is 18th December 2020. Canvassing will automatically disqualify the candidate. Only shortlisted candidates will be contacted.
“We are an equal opportunity employer”
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