Senior Accountant- Faulu MFB At Old Mutual

Job Description

Senior Accountant- Faulu MFB At Old Mutual

Lets Write Africa’s Story Together!

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

Job DescriptionThe 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 MEASURABLE GOALS

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

Relationships

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

PERSON SPECIFICATION

Education

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

Experience

 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.

Physical demands

None

Skills

Education

Closing Date24 March 2024

The Old Mutual Story!

Senior Accountant- Faulu MFB At Old Mutual