Assistant Manager, Management Reporting Job SBM Bank

Accounting Jobs In Kenya

Job Purpose

Responsible for budget planning & control, supports the executive management by providing comprehensive, in-depth and timely analytical financial reports that will allow them to make the informed decisions.

Key Responsibilities

  • Financial/Performance Reporting and Consolidation (60%)
  • Preparation of the daily, weekly and monthly management accounts in accordance with the generally accepted accounting standards (IFRS) and prudential guidelines
  • Provide comprehensive, in-depth and timely analytical support to the organization through developing financial reports and presentations
  • Ensure value added reporting to the board and executive to provide insightful analysis for management decision-making Assist in preparation of group and internal reports while ensuring adherence to timeliness and accuracy.
  • Preparation of branch management accounts and branch analysis.
  • Taking initiative to engage branches on their performance and analytical review
  • Preparation of FTP and Cost allocation.
  • Assist in the preparation of Board pack, ALCO pack, EXCO Pack and ad hoc presentations/reports depending on the management’s needs.
  •  Daily and monthly preparation of key ratios (cost of funds, yield on assets and cost of income) and other financial ratios (gross loans to customer deposits, liquidity, non-funded to total income) and advising on the right mix
  • Providing advice to branches on areas of improvement and low hanging fruits.
  • Analyzing market trends and competitors through bank barometers.

Budgeting, Target Setting, Monitoring and Cost Management (20%)

  • Prepare annual budget/ 3 year projections
  • Ensure timely preparation of the budget calendar
  • Develop budget by; Business Unit, Department and Branch
  • Obtain board approval
  • Set targets/objectives in accordance with the bank’s strategy
  • Cascade the targets across the organization
  • Reviewing, monitoring and managing budgets

External and Internal Audit Management(10%)

  • Attending to auditors request to ensure a smooth audit exercise. (Internal and Statutory Audits).
  • Preparation of the segment reports for inclusion in the audited financial statements.
  • Preparation of Financial Risk Analysis reports
  • Quality checks of the Audited financial statements to ensure that it is in line with the IFRS requirements.

Regulatory Reporting (10%)

  • Assist on regulatory reporting.
  • Continuous ratios monitoring and simulations
  •  Always alert on new developments on CBK prudential guidelines, IFRS IAS and SEG guidelines.
  • Assist to accurately and timely rendition of mid-month, monthly, quarterly, annual regulatory bank returns
  • Liaising with regulators during on-site and off-site examination of the Bank

Knowledge; Skills and Experience required for this Role

  • Good knowledge and application of International Financial Reporting Standards (IFRS)
  • Knowledge of financial accounting, budgeting, control, and reporting principles, methods, techniques, and standards as applied within the company’s business environment.
  • Good knowledge of CBK prudential guidelines, Kenyan tax laws and cross border tax laws.
  • Proficiency in the use of personal computers and related applications such as MS Office, Advanced excel, PowerPoint, and information systems used in financial and/or accounting applications particularly those used to quantify and illustrate complex financial reports, comparisons, impacts, and/or projections.
  • Ability to work in a highly demanding environment with time pressures and managing multiple tasks.
  • Minimum of 5 years work experience in the Banking industry.
  • Bachelor’s degree in either accounting, finance or economics from a recognized University
  • Professional qualification in CPA or ACCA.

Competencies required for this Role

  • Adhering to principles and values
  • Well organized and keen to details.
  • Good communication and presentation skills
  • Good interpersonal skills, positive attitude and team player.
  •  Delivering Results and Meeting Customer/stakeholder expectations
  • Discretion when dealing with confidential information

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How To Apply

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