Job Purpose
Reporting to the Chief Finance Officer, the role is
responsible for managing the Group monthly financial reporting processes,
preparation of financial statements in line with the IFRS, regulatory reporting
in line with Prudential guidelines and other regulatory requirements (Companies
Act). Further, the role ensures that robust controls are maintained around the
internal models to provide assurance of the accuracy and completeness of the
Bank’s Financial Statements.
Key Duties and Responsibilities
- Compilation of yearly group financial statements and annual
reports in line with the International Financial Reporting Standards
(IFRS).
- Preparation of group quarterly financial statements and
forwarding the same to the Central Bank of Kenya for review and approval
for publication. Contacting the newspapers for the publication of the
same.
- Compilation of Central Bank of Kenya returns for approval and
electronic submission of the same to the Central Bank of Kenya. They
include monthly BS(M), monthly income statements, monthly capital adequacy
ratio statements, distribution of deposits, monthly liquidity statements,
etc.
- Liaising with external & internal auditors and Central
Bank of Kenya inspectors and assisting in the audit of group financial
year-end and interim financials.
- Compiling daily, monthly, quarterly, and yearly reports which
include liquidity statements and financial statements for the management
meetings.
- Postings and reconciliations of ledgers in the core banking
system.
- Maintaining of Government securities register and processing
any receipts and purchase transactions.
- Finance Models- IFRS 9, Bond Valuations amongst others.
- Balance sheet Substantiation, Oversight on reconciliation
processes, embedding strong controls around
Job Requirements and Experience
For appointment to this grade, a candidate must have:
- Bachelor’s degree in Accounting/Finance/Economics or a related
field.
- Masters or related qualification from a recognized university
is an added advantage.
- Qualified CPA (K) or ACCA.
- Minimum of three years working experience in a similar
position in the banking sector
- Knowledge of prudential guidelines for the compilation of
Central Bann of Kenya returns.
- Knowledge of IFRS for compilation of financial
statements./li>
- Knowledge of financial and money markets.
- Knowledge of laws and specifically company law, banking &
central bank laws.
- A commercial mind able to understand current affairs and
impact on the business.
Competencies and Skills
- High attention to detail and excellent analytical
skills/li>
- Sound independent judgment
- Good communication skills.
- Interpersonal and teamwork skills.
- Innovativeness and problem-solving skills.
- Knowledge of the Banking processes.
- Financial and accounting skills.
- Organizational skills
- Report writing skills.
- Information technology skills.
- Ability to manipulate large amounts of data and to compile
detailed reports
- Ability to perform control reviews on systems development,
operation, programming, control, and security procedures and standards.
- Ability to maintain the highest level of confidentiality and
accuracy in all the departments’ correspondence and procedure
How To Apply
Interested and suitably qualified individuals should
forward hard copies of their applications, enclosing copies of their academic
and professional certificates, detailed CV indicating work experience,
contacts, and addresses of 3 professionally relevant referees by close of
business on the 3rd of July 2024. Use the email recruitment@devbank.com.
Only shortlisted candidates will be contacted.
