Assistant Manager, Management Reporting Job SBM Bank
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Assistant Manager, Management Reporting Job SBM Bank
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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