Senior Accountant Job in Kenya

Job Title: Senior Accountant
Hiring Organization: Faulu MFB
Location – Locality: Nairobi
Location – Region: Kenya
Industry: Microfinance
Job Type: Full Time
Salary: KES Competitive
Date Posted: 03/11/2024

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

The Senior Accountant – Reports to the Financial Manager and is responsible for preparation of management reports, statutory reporting, taxation, system related reviews (T24 / other interfaced systems) and Faulu Insurance Agency management reports reviews.

Key responsibilities

  • Preparation of timely and accurate financial reporting
  • Facilitate in preparation and submissions of statutory reports
  • Responsible for IFRS 9 impairment ECL calculation
  • Responsible for Company Taxation
  • Fixed Assets Management
  • Responsible for Faulu Insurance Agency Management reports review
  • System related reviews and process improvements

Key responsibilities

Financial & Regulatory Reporting

  • Review of management reports for submission to various parties – EXCO, Board, Group etc.
  • Review of financial reports for submission to regulators and other stakeholder’s e.g. CBK, KRA, IRA etc.
  • Review of branch and Segment reports inline to Faulu bank reporting framework
  • Liaison with internal and External Auditors in carrying out periodical and Year end Audits respectively.
  • Review of Financial & Management reports for Faulu Insurance Agency

IFRS 9 Impairments

  • Calculation of the Bank’s loan loss provisions and non-banking impairments in line with IFRS 9 requirements
  • Assist in ensuring smooth running of the IFRS9 Operating Model and Governance process.
  • Assist in ensuring the IFRS9 Operating Model is reviewed and improved on a continuous manner.

System related reviews and process improvements

  • Main liaison with any T24 project implementation as the finance team representative
  • T24 data reviews against interfaced systems
  • Daily monitoring of the T24 GL imbalances and processing of correction


  • Review of Revenue assurance Reports
  • Review and posting T24 Transactions raised by Accountants.
  • Review and approvals of task assigned to Accountants.


  • Manager Financial Reporting, Manager Finance Operations, Finance Manager -reviews and approvals
  • Manager-Business Information & Innovation –Strategy related and automations.


  • Degree in Business related Studies
  • CPA (K) /ACCA
  • Other Professional Certifications.
  • Knowledge and Skills
  • Analytical skills
  • Management and Leadership skills
  • Financial Management
  • Excellent Computer packages knowledge
  • Working knowledge of Emerge T24, D365 and R


  • At least 4 years’ experience in
  • Financial Accounting and Reporting in a banking environment.
  • Personal Attributes
  • Demonstrate management abilities.
  • Analytical
  • Confident
  • Integrity
  • Diligent
  • Attention to detail.

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