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Banking Jobs in Kenya - SMEP Microfinance Bank

SMEP Microfinance Bank Limited, a Christian based bank regulated by the Central Bank of Kenya, invites applications from interested and suitably qualified candidates to fill the position of:

Head of Finance

Ref: HOF/2/5/HRD/2015

The role of the position is to undertake the financial management functions of the bank. 

This includes providing leadership and strategic direction to the finance function of the bank, provide efficient, timely and accurate financial management information and expertise to enable timely management decision-making and safeguard the bank’s assets from loss arising from fraud or error and ensure compliance with organizational policies and regulatory requirements.

Duties and Responsibilities

Reporting to the CEO, the successful candidate will be expected to handle the following: -

  • Support the development and implementation of the company’s strategic and business plan through allocation of financial resources to ensure proper management of financial resources and assets of the company.
  • Manage the utilisation of company finances according to established policies, plans and procedures
  • Assist in carrying out financial planning using projection models and other financial tools and disseminate the information to the various stakeholders within and without the organization.
  • Monitor performance against financial plans and provide relevant and timely information to the Board, Senior Management, Departments, and other stakeholders.
  • Provide accurate and timely periodic financial reports and other reports to the various stakeholders as per policy or on need basis; prepare reports for management, directors, auditors, regulators, government agencies and departments including for tax compliance purposes.
  • Coordinate with the external auditors to ensure timely and expeditious facilitation external auditing requirement and statutory reporting of financial performance.
  • Manage the preparation of financial proposals and related supporting documentation for donor funding, external financiers, commercial financing, regulatory and government authorities, external auditors, and financial consultants as needed.
  • Implement policies and procedures to guide the management of the investment portfolios in the bank.
  • Provide, on need basis, financial information to internal customers for use in their various departments and act as liaison for the finance department.
  • Ensure reliability and integrity of financial and operating information systems
  • Assist in the supervision of budget preparation and consolidation of annual projections
  • Manage balance between risk and return by maintaining a positive spread between the interest rates on earning assets and the interest cost of funds
  • Manage all payments, and collection & banking of revenue
  • Manage all capital expenditure and procurement for the bank
  • Oversee funding requirements and liquidity management of the bank
  • Safeguard cash balances and oversee inter branch transfers
  • Ensure proper custody of security, deeds and other important documents
  • Ensure that the organisation does not suffer financial loss through fraud and error by ensuring that assets are safeguarded and by closely maintaining and monitoring efficient and adequate internal control systems
  • Supervise the running of the finance department to ensure adherence to bank’s policies, procedures and regulations.
  • Ensure that the organisation is continuing to meet the grant compliance requirements and act as the liaison person with donors for financial reporting of grants. 
  • Ensure compliance with laid down conditions and terms pertaining to loan agreements with external financiers.
  • Perform any other duties as may be assigned by the Chief Executive Officer and/or Management from time to time
Qualifications and Competencies
  • Masters degree in Business Administration (Accounting/Finance)
  • Bachelor’s degree in Commerce (Accounting option) or Finance / Business Administration / Economics or related field. 
  • Training in microfinance or banking field will be an added advantage
  • Must be a CPA (K) or ACCA or CFA finalist in related accounting, finance or audit field
  • Member of a professional body e.g. ICPAK
  • Have 5 years relevant work experience 3 of which in a similar position preferably in a financial environment. Hands on experience with T24  emerge is an added advantage
  • Be aged between 35-45 years
  • Applicants must be committed Christians
Other Key Skills
  • posses strong analytical and numeracy skills, 
  • ability to think & plan strategically, 
  • excellent report writing, 
  • communication & presentation skills, 
  • self motivated and a team player with demonstrable managerial & organization skills; 
  • leadership and interpersonal skills including ICT skills

Head of Credit
Ref: HOC/3/5/HRD/2015

The position is responsible for protecting the company’s finances by ensuring prudent credit policies and procedures are in place to efficiently and effectively mitigate risk by controlling credit and managing the debts owed by customers to ensure profitability. 

The job may involve lots of travel within the country and requires a flexible person.

Duties and Responsibilities

Reporting to the CEO the successful candidate will be expected to handle the following: -
  • Facilitate the formulation, implementation, review and ensure compliance to credit strategies,  policies and procedures
  • Manage the Microfinance credit function efficiently and effectively to ensure profitability and risk mitigation
  • Developing credit products through the evaluation of customer needs and activities in liaison with the Operations / business development department
  • Undertake risk management through monitoring and administration of credit performance through reports and returns from the branch network
  • Develop and maintain business relationships with key customers and stakeholders in order to maintain and create business opportunities and help in monitoring customers’ credit rating with banks and credit reference agencies
  • Providing support to the branches on credit matters
  • Responsible for ensuring a strong portfolio quality and control of the credit book
  • Responsible for credit administration by setting terms of credit and ensure timely repayment by customers
  • Manage a team of credit analysts or accounting technicians
  • Negotiate repayment plans and discontinue credit to late-paying business customers
  • Responsible for initiating legal action to recover debts if necessary and dealing with cases of insolvency – meeting other creditors, arranging for goods to be recovered, or arranging for a liquidator to sell off a defaulter’s assets.
  • Perform any other function/duty as may be assigned/directed by management from time to time
Qualifications and Competencies
  • Masters degree in Business Administration /Finance/Economics
  • Postgraduate qualification in credit management or a BTEC National Diploma or HND or credit
  • Member of AKIB and AICM
  • Have 5 years relevant work experience 3 of which in a similar position preferably in a financial environment. Hands on experience with T24  emerge is an added advantage
  • Be aged between 35 – 45 years
  • Applicants must be committed Christians
Other Key Skills
  • Posses strong analytical and numeracy skills, 
  • experience in credit control and a working knowledge of credit law, 
  • ability to assess risk, excellent written and communication skills, 
  • a team player with demonstrable managerial, organization and interpersonal skills including ICT skills.
How to Apply

Qualified and interested candidates who meet the above criteria should
 CLICK HERE to download the “SMEP Job Application Form” and send their filled applications to on or before 30th May, 2015. 

Only shortlisted candidates will be contacted.

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