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
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: -
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 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: -
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 recruitment@smep.co.ke on or before 30th May, 2015.
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 recruitment@smep.co.ke on or before 30th May, 2015.
Only shortlisted candidates will be
contacted.