Job Description
Reporting and Financial Accounting, preparation of monthly, quarterly, and annual financial & regulatory reports and Revenue assurance reviews.
Key measurable goals
Regulatory reporting accuracy and reporting. Computation of Loan loss provision under IFRS-9 standard. Financial reporting accuracy and reporting System related reviews and integrations General ledger maintenance including reconciliations-systems data Tax reconciliation, assessment, and Payments.
Revenue assurance
Daily completion of revenue Assurance Process as per the Bank policy and Revenue assurance Checklist.
Daily T24 General Ledger integration to D365 financial reporting system.
Insights into Bank Revenue and improvements
Raising Internal control Issues in bank revenue management
Continuous Monitoring of Bank Revenue
Revenue data analysis for error and fraud detection
Revenue leakage root cause Analysis
Application of data analytics in bank revenue assurance
Key responsibilities
Regulatory Reporting- CBK
Preparation and submission of all regulatory reports
Liquidity Returns
Monthly & quarterly returns (BSM, Liquidity, Provisioning).
Annual audited returns.
Any other ad hoc CBK reports
Financial Reporting.
Preparation of periodic business performance reports
Monthly financial statements (Income Statement, Balance Sheet, etc).
monthly branch & regional reports. Group (Old Mutual) reports.
Business segments performance.
Preparation of Board, EXCO/monthly business performance presentations.
Support in facilitation of internal & External Audit as per the agreed timelines.
Assist in the computation of IFRS-16 Lease entries
IFRS-9 Model.
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
Taxation
Assist in computations of monthly tax obligations (Withholding tax, Excise duty & corporate tax etc.)
Filing of tax returns.
Perform quarterly tax health check.
Revenue Assurance
Revenue assurance self-assessments/audits.
General ledger reviews and mapping of T24 to D365
Daily checks of incomes and Expenses accruals
T24 integrations.
New products set up in Business systems.
Revenue optimization initiatives implementation
Daily & Monthly checks of interest rates, fees and charges to ensure they are captured correctly.
Ensuring compliance to revenue assurance control measures.
Review of any possible revenue leakage/Exposure and advise the management
Revenue Data Analysis for Error and Fraud Detection
Revenue Leakage Root Cause Analysis
Application of Data analytics in Bank Revenue Assurance
Recovering Revenue Leakages
Review of Digi cash Transaction
Review of Digi Loan Listing and recovery of Charges
Follow up and closure of revenue Gaps/Leakages
Checking Revenue against product Facts with an update on MEMOS shared on change of product.
Finance Controls
Completion Balance sheet substantiation
Adherence to DCT controls
Financial Analytic Reviews
Proper reconciliation of assigned GL accounts.
Others
Support in both external and internal Audits and Regulatory inspections
Assist of preparation of Ad-hoc or special purpose management reports
Management of UAP Loan interest and Repayments
Daily Liquidity Report
T24 data reviews against interfaced systems
Daily monitoring of the T24 GL imbalances and processing of corrections
Branch Support on manual computations from client’s queries
Processing of Loan waivers
Review of EDC payments.
Supervision and Relationships
Staff Reporting Directly to the Job Holder
None
Relationships
Senior Accountant/Accountants – Finance Operations & Treasury.
Manager Business Information & Innovation.
Education
Degree in Business related Studies and/or
CPA (K) /ACC
CFA/CPAK
Knowledge and Skills
Financial Management
Reporting writing skills
Proficiency in Information and computer applications and packages
Leadership Skills
Experience
At least 2 years working experience in banking/ financial institution or 1 year as an Assistant Accountant in Financial Reporting.
Budget and financial planning.
Personal Attributes
Demonstrate management abilities.
Analytical
Confident
Integrity
Diligent
Attention to detail.
Accuracy
Reliability and Speed
Physical demands
None
Skills
Analytical Thinking, Banking, External Audit, Financial Accounting, Financial Analysis and Reporting, Financial Management, Financial Management Reporting, Financial Statements, General Ledger (GL), Income Statements, International Financial Reporting Standards (IFRS), Management Reporting, Reconciliations, Regulatory Reporting
Education
Bachelor Of Business: Accounting Finance (Required)
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oldmutual.wd3.myworkdayjobs.com
