Job Title: Finance Manager
Hiring Organization: Equity
Bank
Location – Locality: Nairobi
Location – Region: Kenya
Industry: Banking
Job Type: Full
Time
Salary: KES
Date Posted: 04/17/2024
Equity Bank is one of the region’s leading banks whose purpose is
to transform the lives and livelihoods of the people of Africa socially and
economically by availing them modern and inclusive financial services that
maximize their opportunities. With a strong footprint in Kenya, Uganda,
Tanzania, Rwanda, South Sudan and DRC Congo, Equity Bank is now home to over 12
million customers – the largest customer base in Africa. Currently the Bank’s
subsidiary (Equity Bancassurance Intermediary Limited – EBIL) is seeking
additional talent to serve in the role outlined below:
Job Purpose Statement
Responsible management, administration and coordination of finance
department activities for the subsidiary. These will include continuous
development and monitoring of internal controls, protecting and growing company
assets, fostering operational efficiency, contribution to the implementation of
company strategic initiatives, and facilitation of accurate and timely
financial performance reporting to support management decisions.
Key
Accountabilities:
- Preparing quarterly
and annual board papers on financial report and presentation to board.
- Preparation of
financial report in line with IFRS.
- Advisor to the
entire organization on all financial matters.
- Cash flow
management.
- Daily
management, training and guiding of finance team.
- Ensuring that
all relevant taxes such as VAT, withholding taxes, instalment taxes are
submitted on time.
- Ensuring company
compliance with all the regulatory requirements such as KRA, IRA, NSSF,
NHIF etc.
- Overseeing
credit control function.
- Formulation and
implementing of policies and procedures for the finance department.
- Investments
decisions in liaison with Investment Committee.
- Periodic review
of general ledgers and bank accounts of the Intermediary.
- Approval of all
payments of the organization in line with the policies and procedures of
the organization.
- Overseeing daily
operations of the finance and administration department.
- Preparing
weekly, monthly, quarterly, and annual financial reports that comply with
all the relevant regulations and submitting the same to all the relevant
users.
- Liaison person
on all financial issues with the third parties such as insurance
companies, Equity Group.
- Coordinating
budgeting processes for the organization and monitoring of the same.
- Coordinating
compliance, Risk and both internal and external audit Reviews.
- Any ad hoc tasks
assigned by management
Qualifications
- Bachelor’s
degree in Finance, Accounting, or a related field.
- Professional
certifications such as Certified Public Accountant.
- Member of ICPAK
or a recognized Accounting body and in good standing.
- 4 – 6 years of
relevant experience in financial reporting, preferably in the financial
services or insurance industry.
- Knowledge or
experience in the Insurance industry will be an added advantage
Key
competencies and skills
- Strong knowledge
of accounting principles, financial reporting standards and regulatory
requirements.
- Proficiency in
excel and presentation skills.
- Excellent
communication and interpersonal skills to effectively collaborate with
stakeholders at all levels.
- Strong attention
to detail and accuracy in financial analysis and reporting.
- Ability to work
effectively in a fast-paced dynamic environment.
- Excellent
customer service, client relationship management, communication,
negotiation, problem solving and interpersonal skills.
- Sense of
judgement with both qualitative and quantitative tools to provide sound
and comprehensive analysis/evaluation of financial data.
