Job Purpose

The position is responsible for ensuring the accurate reporting of financial information for Management decision making through the review and analysis of financial data. The role is also responsible for the day-to-day management of the unit, through supervision and guidance to team members.

Key Responsibilities/Tasks

Financial Management/Operations:

• Prepare and review company performance through Management Report monthly and propose necessary recommendations to Head of Finance and CEO on various parameters of the budget (Branch performance, profitability, costs)
• Participate in the preparation and co-ordination of the Bank’s Budget and financial forecasts reporting to management and Board
• Prepare and review Yield Management and tracking cost of fund with suggestions for improvements of margins
• Preparation of CEO’s summary on a quarterly basis, to be discussed to the Board.
• Close monitoring of key ratios, eg Liquidity ratio, core capital & total capital ratio, Gross NPA, cost to income ratio etc
• Ensuring the preparation, accuracy, and timely submission of Balance score card, ALCO Pack, Board Pack as well as its Committees.
• Implement framework to track product profitability, distribution channel and branch profitability.
• Guide financial decisions by establishing, monitoring, and enforcing policies and procedures.
• Analyse bank expenses and communicate to Head of Finance and Chief Executive Officer for one-off expenses.
• Review and approve SOC management reports for circulation, NOSTRO reconciliation on a day-to-day basis.
• Monthly review and approval of finance related reconciliation of suspense accounts
• Assist in coordinating all audit activity, due-diligence by external DFIs etc.

Risk Management:

• Update and maintain risk procedures and systems with respect to risk identification, risk assessment, risk monitoring, risk mitigation strategies and risk reporting
• Ensure effective adoption and utilization of risk management tools
• Drive remediation of risk management exceptions identified during audit or risk reviews
• Promote risk management culture

Compliance:

• Participate in different management committees such as Asset and Liability Committee (ALCO) and ensure compliance to bank liquidity and risk management.
• Ensure the implementation of proposed financial recommendations from various consultants such as tax consultants

Audit Compliance:

• Respond to queries from internal and external audits in relation to the Finance Department.

Reporting:

• Review management, financial required by laws, regulations, framework or boards of directors.
• Quarterly preparation of financial covenant ratios to Direct Foreign Investors (DFIs).

Regulatory Compliance:

• Taking charge of Regulatory reporting when Manager - Financial Reporting, Regulatory Reporting and Compliance is on leave.

Administration:

• Review and approve SOC management reports for circulation, NOSTRO reconciliation on a day-to-day basis.
• Initiate, prepare and compile annual budgets.
• Oversee preparation of board pack on a quarterly basis
• Perform any other duties as may be assigned by the immediate supervisor from time to time

Skills, Knowledge and Abilities

• Knowledge on International Financial Reporting Standards (IFRS)
• Knowledge on Microsoft applications
• Knowledge in financial analytics
• Report writing skills
• Interpersonal skills
• Leadership skills
• Research skills

Academic / Professional Qualifications

• Bachelor Degree in Accounting, Finance, Business Administration
• Must be a holder of CPA (T), ACCA or equivalent

Working Experience Required

• A minimum of 5 years of working experience at management level