Financial Reporting Officers at Standard Bank

The Job Purpose Is Summarised As Below

• Daily Financial Reporting
• To report daily on the financial position of the Bank and the various business units.
• Through daily reporting ensure the overall integrity and accuracy of the General Ledger as a basis for the preparation of financial and management reports.
• Management accounting, planning and budgeting
• Monthly cost reporting
• Quality commentary and MI
• Budget preparation and planning.

Key Responsibilities/Accountabilities

• Preparation of the Total Bank and Business unit Balance Sheet and Income Statement on a daily and monthly basis.
• Assisting with end of month reporting by posting of journal entries allocated and validating various expense lines ensuring these are accurate and timely.
• Monitoring business unit balance sheet movements and ensuring that they reflect the correct balances and all the relevant account reconciliations are performed and corrective actions taken.
• Take part in the budgeting process and planning, monitoring and forecasting for the Bank and its related entities.
• Prepare cost reports monthly in a bid to create cost effective controls and cost management.
• Assist in review of LPOs from Procurement to ensure correct information is captured and relevant approvals are included.
• Continuously improve on financial reporting processes, reports and insights offered to business
• Perform revenue assurance for the Bank and individual Business level.

Preferred Qualification And Experience

• Bachelor Degree in Business/ Accounting
• ACCA / CPA(K)
• Minimum 6 months’ experience in finance department of a financial institution

Knowledge/Technical Skills/Expertise

• General understanding of International Financial Reporting Standards.
• Computer literacy and knowledge of personal computers and software packages such as MS Word, MS Excel, MS PowerPoint, MS Access.
• Good communication and presentation skills.