Vacancies at Family Bank Ltd

Duties and Responsibilities 
Strategy and business support 

• Coordinate development of Strategic plan 
• Develop annual business operating plan 
• Monitor strategy execution 

Planning and Analysis 

• Drive the annual budgeting, Financial 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 business cases 
• Coordinate Investors’ engagements and reporting 

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. 
• Reviews the organization’s financial performance and prepares the company’s financial reports in line  with statutory reporting process 
• Cost monitoring against the budget

Decision support 

• Capital management (debt and Equity) 
• Design and implement cost centers and cost allocation at Branch, Business segments. 
• Design and implement an executive key driver dashboard 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. 

Education and Experience 

Academic Qualification(s): 

• Minimum of bachelor’s degree in finance, Statistics, Economics or other related fields 
• MBA or Master’s Degree in a related discipline is desirable 

Professional Qualification(s): 

• Should possess an advanced professional certification such as CPA, ACCA, CIMA, CFA 

Experience (Number of relevant years): 

• Minimum of 5 years of relevant experience. Experience with ERP systems would be highly desirable.

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Key Responsibilities/Accountabilities 

• Reconciliation of all tax accounts and tax data validation.
• Preparation and submission of monthly, quarterly and annual tax computations and returns, including  installment tax in accordance with the various taxation statutes.
• Preparation and submissions of various reports requested monthly, quarterly, and annually or on  adhoc basis.
• Responsible for tax accounting which includes preparing deferred tax calculations, effective tax rates  and provisioning movements commentaries.
• Preparing tax related disclosures in the financial statements.
• Making all tax payments when due. (VAT, WHT, Excise duty, Stamp duty, Corporate Tax)
• Monitoring business unit compliance with the VAT, Excise duty Act and Income Tax Act.
• Provide the first line of taxation support to the business units.
• Custodian of the company’s permanent tax files.
• Ensuring that all tax records and correspondence are appropriately maintained and filed.
• Bank product evaluation to determine taxation impact.
• Optimization of the Bank’s taxation expense, by identifying areas of tax savings
• Managing intercompany income billing.
• Tax Budgeting and impact analysis.
• Review advise and reply to assessments and reassessments
• Support internal and external tax audits

Education Level 

• Bachelor's degree in a relevant field Upper Second-Class Honors and above

 Professional Qualifications 

• ACCA/CPA (K)

 BUSINESS ACUMEN (FINANCIAL MANAGEMENT) 

• Ability to interpret financial information and knowledge of financial systems
• Good working knowledge and understanding of financial systems and how they impact tax
• Ability to understand and work within a corporate context- Knowledge of organizational financial systems, legislation, ability to work with financial auditors and tax advisors, respond to findings and  implement recommendations
• A passion for customer service

EXPERIENCE 

• Minimum 3 years’ experience in an audit and/or controls role.
•  2 years’ experience in a financial institution (areas of working experience would be financial reporting,  payments, reconciliations and controls, risk, internal audit and tax. understanding of applicable taxation law, rules, regulations and commissioner's guidelines and  public notices.
• Understanding of Regulator Prudential Guidelines in Banking and Insurance.
• Good computer skills.
• Working knowledge of ERP accounting software. (Knowledge of Flexcube & SQL will be an  advantage.)

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Duties and Responsibilities. 
Strategy 

• Coordinate development of Strategic plan 
• Develop annual business operating plan 
• Prepare/ oversee preparation of budgets 
• Monitor strategy execution and ensure engagement of business teams and investors on regular basis. 
• Support different division leaders on strategy execution 

Capital management 

• Identifying and engaging potential investors, shareholders and debt providers 
• Ensure bank capital needs are always met 
• Ensure optimal capital structure 

Reporting 

• Oversee the reporting of monthly financial results of the group 
• Prepare/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 finance partners to support business 
• Prepare monthly updates to the Board and Shareholders 
• Coordinate the preparation of the board committee’s reports 
• Reviews the organization’s financial performance and prepares the company’s financial reports in line  with the statutory reporting process. 
• Cost monitoring against the budget. 

Leadership 

• Lead Strategy, planning and budgeting teams and ensure optimization of their potential 

Decision support 

• Capital management (debt and Equity) 
• Design and implement cost centers and roll out cost allocation 
• Design and implement an executive key performance driver dashboard.

Risk Management 

• Oversee compliance and implementation for group businesses policies and procedures 
• Ensure full closure of external and internal audit issues.

Education and Experience 

Academic Qualification(s): 

• Minimum of bachelor’s degree in finance, Economics, Business, Statistics or other related fields 
• MBA or master’s degree 
• CPA (K) 

Experience (Number of relevant years): 

• Minimum of 10 years of relevant experience, at least 4 years in leading a team. 
• Experience with ERP systems would be highly desirable.