Job Description
Job Purpose:
To support the Finance and Strategy manager in financial reconciliation to ensure financial effectiveness of the bank operations.
Key Responsibilities and Accountabilities:
• Filing and submission of CBK financial reports as required
• Remittances of tax and other statutory deductions such as withholding tax, stamp duty, and Excise duty
• Raising and verification of journal vouchers
• Validate financial entries by auditing accrued expenses, supplier payment vouchers, fixed asset register entries and branches accounting entries
• Responsible for fixed asset depreciation and disposal
• To receive reconciliations from departments and branches for allocated ledger accounts and follow up for closure of the issues therein.
• Prepare status report on reconciling issues for review and update
• Support daily monitoring of bank balances and review bank reconciliation as per the bank’s policies and procedures
• Reconcile financial discrepancies by collecting and analyzing account information.
• Prepare branch and departments reconciliation statements
• Secure financial information by maintaining data base backups
• Bank loan management through validation, settlement of interest and principal repayment
• Prepares asset, liability, and capital account entries by compiling and analyzing account information.
• Recommends financial actions by analyzing accounting options.
• Any other duties assigned in relation to bank’s goals and objectives.
Minimum Qualifications and Experience:
• University degree in accounting, commerce, economics, or a Business-related field (Must)
• Certified Chartered Accountant/ Certified Public Accountant (Must)
• Current member of Institute of Certified Public Accountants of Kenya (ICPAK) with a valid membership Certificate (Must)
• 3 years working experience in busy accounting/finance function in a financial institution (Must)
• Advanced Excel spreadsheet and data analytical skills
• High level of integrity and dependability
• Has a strong sense of urgency and results orientation