Head of Financial Reporting & Controls, Job Nairobi

Job Description

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 is seeking additional talent to serve in the role outlined below.

JOB PURPOSE

Purpose:

Responsible for preparation and review of regulatory and statutory financial reports in a a timely manner in accordance with the regulatory requirements and International Financial Reporting Standards. 

Scope:

    Management & Regulatory reporting, general accounting audit support and financial analysis.

DUTIES

1.        Preparation and submission of per-iodic financial reports in accordance with IFRS,

statutory and regulatory requirements (CBK&KDIC).

2.        Coordinate preparation and submission to management of daily performance reports and insights into material movement in key parameters.

3.        Establish and maintain effective internal controls over financial reporting process.

4.        Regular monitoring and review of all GLs for accuracy and appropriateness of business transactions recorded.

5.        Review of bank wide GL reconciliations and ensure outstanding items are investigated and cleared promptly.

6.        Monitor compliance with local regulatory limits and draw finance management attention for action to avoid breaches.

7.        Conduct impact assessment of new Standards and regulatory requirements on financial reporting.

8.        Liaise with the external auditor, internal auditors and market regulators in matters pertaining to audit, reporting and bank supervision.

9.        Effectively and collaboratively identify, escalate, mitigate, and resolve risk, conduct and compliance matters.

10.    Team management by offering guidance, coaching, and training to team members as well as conducting performance evaluations.

11.    Develop, implement and maintain internal control policies and procedures to safeguard the bank’s assets and ensure the accuracy and reliability of financial reporting.

    12.     Any ad hoc tasks assigned by management.

Qualifications

REQU IRED COMPETENCE AND EXPERIENCE

Required competence.

•         Bachelor of Commerce (BCom) majoring in accounting or equivalent degree.

•         Relevant Professional Qualifications e.g., CPA (K) or ACCA.

•         MBA (added advantage)

•         Experience in data analysis.

•         In-depth knowledge of IFRSs.

•         In depth knowledge in Central Bank regulations

Experience

At least 8 years in Finance and Financial Reporting, preferably in a bank or in the financial services industry.

Organization

: Finance

Employment Type

: Regular

Job Level

: Manager

Job Shift

: Day Job

Job Posting

: Jan 12, 2024, 4:54:07 PM