Jobs Kenya

Job Field: Sector in Banking  , Finance / Accounting / Audit

  • Head of Finance / Chief Accountant

    Head of Finance / Chief Accountant

    Century Microfinance Bank Limited seeks to fill the position of  Head of Finance / Chief Accountant.
    Reporting to: The CEO
    Station: Head Office – Nairobi
    Job Purpose Statement: The Position holder will be responsible for providing strategic leadership in business and financial planning, monitoring, management and reporting, including development of policies, systems, processes that would safeguard the financial resources and lead to attainment of set goals and objectives.
    Key Responsibilities

    Ensure working in close cooperation with the CEO that an appropriate financial policy framework is in place to guide the financial decision making in terms of clarity on turnover, profit, costs and investment and forward planning.
    Contribute to the preparation of the strategic plan including Preparation of the annual budget and forecasts.
    Ensure formulation and implementation of departmental plans in line with the corporate objectives
    Maintain records to meet legal and tax requirements and to measure both the inputs and the outcomes of the operations including provision of accounting services for use by managers in planning and controlling the work of their departments, to cover financial accounting, management accounting, and forecasting, budgeting and control systems.
    Maintain contact with bankers, investment managers, pension advisers and auditors.
    Continually review the Finance manuals and policy documents to ensure compliance with the strategy and the present challenges
    Provide professional financial and corporate advice to Senior Management, the Board and its Committees.
    Manage organizational cash flow and forecasting.
    Prepare accurate and up to date financial and management accounting information to facilitate the preparation of reliable reports, budgets, business plans and management decisions.
    Create and maintain good and effective working relations with banks, financial institutions, statutory bodies and key/leading corporate clients.
    Maintain effective cash flow and treasury management.
    Co-ordinate and guide Senior Management and Heads of Departments in the preparation and evaluation of departmental annual budgets and consolidate the same into a budget.
    Build in systems and procedures for monitoring performance against budget.
    Co-ordinate the preparation of management and financial information.
    Establish and maintain effective control systems for the preparation of monthly, quarterly and year-end management and statutory accounts.
    Implement capital expenditure projects and asset acquisitions and maintain an up to date assets register.
    Ensure balanced processes and procedures are in place to maintain internal control and internal equity.
    Ensure appropriate financial reporting at departmental, divisional and levels as well as establish, monitor and report performance indicators to various levels of management and the Board.
    Establish and maintain effective internal control systems and procedures.
    Perform any other duties as may be assigned from time to time by the CEO

    Person Specification

    Degree in Business Related Studies, CPA (K) /ACCA, Master’s degree is added advantage
    At least 4 years’ Supervisory experience in the Finance Department.
    Accounting Experience
    Working knowledge of Orbit R is added advantage

    If you are confident that you fit the role and person profile, please forward your application enclosing detailed Curriculum Vitae to jobs@century.co.ke and cc jobs@careermanagementcentre.com indicating the job title by 21st August,2020

    Apply via :

    jobs@century.co.ke

  • Internal Auditor

    Internal Auditor

    Job description

    EXCITING CAREER OPPORTUNITY
    Are you a go getter, positive minded individual who fits the role profile captured below? There is an opportunity for ambitious, self-driven individuals to fill the above position.
    REPORTING TO: HEAD OF AUDIT
    Job Purpose: To execute internal audits as per the International Professional Standards Framework issued by the Institute of Internal Auditors with an objective of offering assurance to Management and the Board on the effectiveness of internal controls, risk management and governance.  
    Key Responsibilities:

    Assist in the preparation of the Risk based Annual Audit Plan.
    Undertake planning for specific engagements in line with the IIA Standards and Internal Audit Manual.
    Executing risk based internal audits as per the audit plan, identifying control gaps and weaknesses and providing recommendations for improvement.
    Assess the Bank’s risk management and governance processes and provide recommendations for improvement.
    Review and examine the effectiveness of internal control systems and offer assurance on compliance with laws and regulations, and the bank’s policies and procedures.
    Recommend Improvements to the process leading to efficiency/cost saving, and reduced revenue leakage.
    Identifying and reporting potential and actual Money Laundering Risk, including suspicious transactions in accordance with the laid down AML policies and procedures.
    Documenting audit work consistent with the provisions in the audit manual and IIA standards.
    Preparing audit reports for discussion with the management of the area under audit.
    Carry out special audits and investigations as assigned.
    Any other official duty that may be allocated by management from time to time.

    The Person:
    The ideal candidate must possess the following:
    Qualifications:

    Bachelor’s degree in Accounting, Finance, Economics or Business related field from a recognized University.
    Professional accounting qualifications such as CPA or ACCA,
     Other relevant qualifications such as CISA and CIA are an added advantage.
    Experience in an external audit firm will be an added advantage.
    Sound knowledge of the Bank’s policies and procedures
    Experience in use of computer audit software such as ACL, IDEA, Team mate will be an added advantage

    Competencies:

    Experience in use of analytical tools
    High levels of integrity
    High standards for quality and ability to organize, prioritize and manage tasks with minimal supervision.
    Have a high sense of diplomacy and confidentiality.
    Ability to probe for, analyze and synthesize information.
    Innovative and creative.
    Ability to take personal initiative and work with minimal supervision

  • Credit Analyst

    Credit Analyst

    Job description
    We are seeking for suitable candidates to fill in the role of a Credit Analyst in our Credit department. The Credit Analyst’s role will be to provide administrative support to Credit and Risk Management. They will review all credit requests assigned to them and ensure compliance with standard regulations before disbursement.
    Duties and Responsibilities

    Review and appraise all credit requests.
    Generate monthly statutory reports on credit reviews.
    Ensure compliance with all credit approval processes and procedures.
    Review deal memos and product programs with the view of optimizing credit facilities and products.
    Confirm risk ratings of all customers and advice business offices on appropriate steps to take
    Carry out all assigned tasks by the Chief Credit Officer.

    Key Performance Indicators

    Turnaround time: Ensuring that credit requests are processed within agreed TAT credit policies and processes.
    Adherence to the banks credit policies and processe:. Zero occurrence of policy and regulatory breaches.
    Loan Book quality: NPL Cumulatively equal to or Less than 5%.
    Risk Asset target and asset yield: Providing effective business support to meet set asset targets and also ensuring higher risk assets yield and efficient pricing in line with budget.
    Market/Customer Satisfaction: Providing effective business support to meet set asset targets and also ensuring higher risk assets yield and efficient pricing in line with budget.

    Key Competency Requirements

    Deep knowledge of credit analysis.
    In-depth industry and product knowledge.
    Computer literate with good understanding of Excel.
    Good knowledge of regulatory policies and guidelines.
    Knowledge of the Kenyan economy and market dynamics.

    Job Requirements

    Bachelors’ degree in any related field.
    3 – 5 years cognate experience in corporate banking with a leading industry player.
    Additional professional qualifications in CPA/ACCA.

  • Operational Risk Officer – Digital Channels Bancassurance Claims Team Leader

    Operational Risk Officer – Digital Channels Bancassurance Claims Team Leader

    Proactive

    Have a clear understanding of the overall virtual lending business and process automation strategy of the bank including mobile and digital landscapes, and be able to integrate that strategy into fraud mitigation plans and processes.
    Implement policies, procedures and strategic programs to mitigate risk and losses on the digital platforms.
    Analyze fraud prevention/detection processes and prepare recommendations to improve performance and mitigation strategies, in line with the digital channels.
    The Risk Officer will analyze and review digital, online and mobile transactions in order to identify patterns and trends.
    Monitor customer demographics to identify fraud high risk segments
    Perform quality reviews of cyber security and security essentials self assessments
    Network with others across the industry and collect industry data to set benchmarks and to measure success of various actions taken to prevent fraud, and to monitor changes in fraud trends.
    Collaborating with development teams, project managers, security teams, and other stakeholders to incorporate security requirements into digital channels interfacing with customers and external stakeholders.
    Identification, triage, and remediation of cyber security and fraud vulnerabilities working in close partnership with the First line, vendors, development and system administration team
    Work with other members of the wider Risk and Fraud departments, to include but not limited to; assisting in the continued development of members of the team engaged in supporting fraud mitigation, supporting the Forensics team in doing thematic investigations involving fraud, and supporting all other analytical requests from the business.
    Reviewing digital channel attack surfaces, both internal and external, and identify weaknesses and help reduce the risk exposure caused by said weaknesses
    Assist with incident response and handling alongside computer forensics investigation

    Predictive

    Working with the first line develop forward looking triggers through models and metrics used to mitigate likelihood of loss materialising to ensure they are fit for purpose.
    Explore and implement Network Analysis, Random Forest models and any other appropriate predictive model frameworks aimed at identifying and monitoring fraud activity (application and portfolio stage fraud attempts)

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  • Operations Audit

    Operations Audit

    Reporting to Audit Manager, the job holder will be required to  provide independent and objective assurance on the effectiveness of risk management, control and governance processes to add value and improve organization’s operations.
    Responsibilities

    Contribute in conducting risk assessment for assigned audit assignments
    Perform audit procedures to give assurance on effectiveness and efficiency of control environment, and compliance to KCB Group policies and Central Bank of Kenya (CBK) Prudential guidelines.
    Documents the results of audit work in accordance with internal audit guidelines and the Institute of Internal Auditors (IIA) standards.
    Review and evaluate the system of internal controls and assess their adequacy and effectiveness and propose value adding recommendations for improvements.
    Document findings and communications on the results of work performed, for review by the Audit manager.

    Qualifications

    Bachelor’s Degree in a Business Related field from a university recognized by Commission for University Education.
    Must Possess CPA/ACCA, qualification
    CIA/CISA/ACIB is an added advantage
    Master’s degree is an added advantage
    Proficiency in the use of audit management software e.g. TeamMate
    A minimum 4 years in external audit or internal audit in a bank.
    Appreciation of banking regulatory framework and international financial reporting standards
    Excellent Customer Service skills
    Demonstrated leadership ability
    Strong Business and Financial Analytical skills.
    Superior communication and inter-personal skills, including report writing.
    Effective planning, organizing and problem solving skills.
    Initiative and self-drive.

  • Financial Accountant, Stanbic Subsidiaries Head, Agile Portfolio Office & Innovation Asset and Liability Management (ALM) Officer

    Financial Accountant, Stanbic Subsidiaries Head, Agile Portfolio Office & Innovation Asset and Liability Management (ALM) Officer

    Job descriptionFinance: Budgeting and forecasting, creating interim and annual financial statements, facilitating internal mergers and acquisitions, as well as dealing with analysts and investors.
    Job Purpose
    Accounting functions for Stanbic subsidiaries e.g. reporting, reconciliation of control accounts and accounts relating to the maintenance of a complete and accurate general ledger. Prepares managerial reports.
    Key Responsibilities/Accountabilities

    Reconciliation of trial balance accounts
    Ensuring Integrity of the general ledger and financial hygiene
    Bank reconciliations
    Reconciliation of accounts payable
    Preparing various management reports and returns as per regulatory guidelines and submission as per deadlines
    Ensuring reports to the regulators are submitted within the stipulated timelines
    Preparing and circulating management reports
    Ensuring that financial reports to management are accurate and timely to aid in decision making
    Managing client debtors
    Ensuring the financial exposure as a result of client debtors are maintained at minimal levels
    Preparing the balance sheet substation pack
    Ensuring timely reporting and resolution of General Ledger variances and issues identified
    Reviewing controls around finance processes to ensure adequate controls are in place
    Ensuring proper mitigation of risks of errors, omissions or fraud
    Assisting in preparation of the annual budgets
    Effective cost monitoring throughout the year
    Facilitating internal and external audit
    Successful audit process
    Financial Reporting
    Monthly financial reports for use by management
    Assist with preparation of annual financial reports

    Preferred Qualification And Experience

    Bachelor of Business Degree in Finance and or Accounting
    CPA(K)
    Financial/Statutory Accounting Experience Required

    Knowledge/Technical Skills/Expertise

    Management Accounting
    Financial and Accounting Control
    Reconciling Financial Records
    Bookkeeping

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  • Senior Manager – Debt Recovery Bancassurance Business Development Officer Manager – Strategy & Transformation

    Senior Manager – Debt Recovery Bancassurance Business Development Officer Manager – Strategy & Transformation

    Job Description

    Ref: SMDR/8/2018
    Job Summary: The Job holder will be part of the banks senior management team, responsible for reviewing the Bank’s non-performing and distressed assets, and developing appropriate strategies to ensure timely remediation and recovery of amounts due hence minimizing losses to the bank.
    The individual will lead a sizeable team, engage with management and Board in delivering key results with minimal supervision.
    Key Responsibilities:
    The Incumbent will report to the General Manager – Credit and will be responsible for:

    Recruiting, developing and guiding Debt Recovery and Remedial unit in reviewing all non-performing facilities and developing appropriate strategies to ensure efficient and cost effective recoveries.
    Recommending and implementing debt restructures/renegotiations where appropriate to return bad debts to performing book.
    Working with Business units and Credit Managers to promptly remediate any weaknesses identified on the portfolio to reduce events of default.
    Providing appropriate inputs to Board and Management Committees to ensure identified gaps in the lending process are addressed.
    Working with legal team to drive appropriate legal recoveries options and ensuring the due procedures are adhered inorder to avoid potential litigation risk or adverse publicity.
    For cases in court, ensuring the relevant evidence in support of the Bank’s case is properly documented and representing the Bank as a witness as and when required.
    Planning and closely coordinating the Debt Recovery process with various stakeholders, including Lawyers, evaluators and auctioneers amongst others.
    Providing periodic reports to Management and Board Committee’s on the Recovery Status of non-performing portfolio, with clear recommendations on the way forward or closure.
    Liaising with the Head of Credit and Finance to ensure provisions held against bad & doubtful debts are adequate and in compliance with the Prudential Guidelines and IFRS9 requirements.
    Providing input in loan product development and portfolio quality through regular feedback on learning points to avoid underwriting bad credits.
    Periodic training of staff on matters relating to non-performing assets.
    Keeping abreast with and proactively acting on market developments that may adversely impact on the banks success to recover loans.

    Qualifications and Competencies:

    Bachelor’s degree in any business related field.
    Professional qualifications/certifications in CPA/AKIB/Loan Management etc will be an added advantage.
    Masters in a business related field such as Strategic Management, Economics, Finance, and Operations etc.
    At least 4 years’ experience at managerial level, with board reporting responsibilities.
    Thorough understanding and practice of CBK guidelines and IFRS9 requirements.
    Experience in handling complex corporate recovery cases including receiverships, arbitrations and re- negotiations.
    Legal background will be added advantage.

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  • Team Leader Specialized Recoveries And Recoveries

    Team Leader Specialized Recoveries And Recoveries

    Risk Management: understanding all risks – from the economic to the political – that could affect our global business, and offering guidance to all parts of the bank
    Job Purpose
    Manage and lead staff to ensure the minimisation of loss to the Standard Bank (Country name) by constantly improving the collections on NPLs, as well as managing the rehabilitation and retention policy, so as to have the accounts redefined as performing, ensuring staff competence, are sufficiently trained and that the appropriate collection tactics are implemented and ensure security items are timeously and efficiently repossessed and realised and that adequate provisions are kept and that impairment charges comply with policy guidelines; expedite recoveries on the Post Write Off portfolio to enhance profits and ultimately develop and maintain and sustain good working relationships with the other business units within the Standard Bank as well as external stakeholders.
    Key Responsibilities/Accountabilities
    Risk Management
    Ensure that all the necessary systems and controls are in place to properly manage the NPL book, and maximise the rehabilitation of accounts in arrears. To manage and control collection strategies and campaigns within the NPL environment with the aim of maximizing collection effectiveness and efficiency. Ensure effective and efficient repossession and disposal processes, secure storage facilities to be in place, as well as realising any attributable security. Operate within delegated authority levels, and ensure that staff reporting in have sufficient levels of mandate to perform day to day operations. Control and manage regularisation of accounts. Continuously investigate and re-evaluate collection process in terms of international best practice. Manage the control of the Post Write Off portfolio. Resolve all customer queries that arise on accounts in the NPL category. Responsible for the implementation and adoption (within Branch, Department or Section) of all Compliance, Anti-Money Laundering and Sanctions related requirements contained in policies, procedures and processes. This includes the consideration and approval of PEP on-boarding and continued business engagement in instances where no adverse information is available.
    Relationships Liaise with business partners on developments within Specialised Recoveries, and their needs. Co-operative relationships between the various participants in the credit recovery processes.
    People Management Establish an effective Specialised Recoveries structure and team, ensuring that all the required functions are adequately and timeously addressed. Ensure that people management and development frameworks and processes, including: recruitment and selection performance management talent management capacity building equity and diversity Develop team in the context of future capacity requirements Increase awareness amongst staff of statutory governance and legislation applicable to the Credit Control environment through appropriate training and accreditation interventions. Ongoing communication with staff regarding the need to ensure continual compliance.
    Regulatory
    Ensure compliance with statutory, regulatory and supervisory requirements, to protect the reputation of the Group and to avoid legal action / sanction in respect of regulatory compliance matters. Monitor adherence to internal controls and regulatory requirements and enhance procedures, in need. Report any breaches and exposures to the business unit head and / or the division’s Regulatory Compliance Officer. Maintain high ethical standards to prevent market abuse. Provide relevant MI information to Head of Collections. Control and manage all records in department on action taken.
    Operational Management Implement and manage collection strategies and campaigns. Maintain a high level of customer service. Control and monitor NPL accounts outsourced i.e. Court Orders for Repossession Manage and maintain workflow. Any delegated ad-hoc function. From Head of Collections.
    Key performance measures NPL not to exceed 4.4% of Total Book. Manage the impairment charges. To ensure that staff achieve 100% of agreed benchmark on calls. Systems and controls to properly manage the NPL book. Recovery rate of customer debt. Timely and accurate submission of all required returns / reports. Control Costs within budget. To provided Customer Service to internal and external customers to ensure that queries/issues are resolved expeditiously. Co-operative relationships between the various participants in the credit recovery processes, inclusive of attorneys, liquidators, auctioneers, trustees and debt collections agencies. Management of Credit Control team through performance management, career planning, on the job training, succession planning and other assistance.
    Key dimensions of the job Total Number of staff accountable for:  xx NPL not to exceed 4.4% of Total Book. Rehabilitation rate. Recoveries rate. Continuous staff development.
    Important relationships
    Internal Credit Risk Management: Credit Evaluation and Credit Support Units – for assistance on facility and security details Corporate and Investment Banking: Account Executives – for background information on new clients defaulting on payments Personal and Business Banking: Manager, New Business – for background information on new clients defaulting on payments Legal Department: legal advice on the most plausible method of recovery
    External Tracing agents: for assistance where internal tracing has been unsuccessful Attorneys, auctioneers, and debt collections agencies in terms of Service Level Agreements
    Preferred Qualification and Experience

    Bachelor’s degree in Law, Economics, Finance, Accounting or Business Administration
    Ability to manage a large area (volumes, value and staff complement)

    Knowledge/Technical Skills/Expertise

    A good knowledge of the collection process and related admin functions and laid down criteria relating to routine matters. 
    Knowledge of procedural and legal issues involved in the resolution of bad debts evolving from a clear understanding of the provisions of all relevant legislative requirements. 
    Knowledge of various legislative requirements, particularly as it pertains to the recovery of debt liquidation/insolvency/administration/receivership processes 
    Understanding of the bank’s systems, policies and procedures in order to optimally draw on the available information to manage and control the NPL book and to ensure timely submission of all monthly / quarterly returns and reports.
    Knowledge of performance management.
    Good knowledge of the Bank’s lending products; Secured and Un-secured
    Computer literacy