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

Chief Accountant

Job description
Job Details
Finance: Budgeting and forecasting, creating interim and annual financial statements, facilitating internal mergers and acquisitions, as well as dealing with analysts and investors.
Job Purpose

To ensure the overall integrity and accuracy of SIAL’s General Ledger as a basis for the preparation of Financial and Management Reporting.
Custodian of the General Ledger, Chart of Accounts, and the central repository for all Financial and Management information for SIAL.
Preparation of statutory financial reports and ensuring compliance with regulatory requirements.
Develop relationships with business and provide value added data and input from Finance to better promote the role of finance and to minimise potential audit issues.

Key Responsibilities/Accountabilities

Decision support

Provide reliable information and reports to SIAL MANCO, CIB MANCO, PBB EXCO, Wealth EXCO and Principal Officer to enable them to meaningfully direct the business.
To participate in setting the SIAL finance strategy and objectives.
Attend SIAL’s MANCO meetings and clearly articulate financial issues.

Accounting hygiene

Being the custodian of the General Ledger, Chart of Accounts, and the central repository for all Financial and Management information for SIAL.
Liaison and financial advisory services to business.
Ensuring that all SIAL’s internal and external reporting requirements are timeously met, including preparation of monthly and quarterly accounts, Group Accounts and Statutory Annual Financial Statements.
Monthly detailed review of the SIAL’s balance sheet and income statement to ensure resilience of reported results.
Preparation of monthly commentaries on SIAL results, including investigation into inconsistent and/or major variances.
Reconciliations of all relevant accounts and where necessary ensure corrective actions are taken timeously.
Manage the processing, payment and reconciliation of all suppliers.
Manage all aspects of fixed asset accounting, ensuring that amounts ultimately recorded in the general ledger are correct.

Business partnership

Understand the business information needs and align this with management information needs.
Co-ordinate Technical Advice and Accounting support to SIAL.

Budgeting and forecasting

Participate in the development of the annual budgeting process.
Translating the annual budget into targets that are easily understood by the business teams.
Monitoring actual performance versus budget and communicating reasons for the variance.

Governance and control

Maintaining financial policies and procedures.
Management of agreements for services outsourced to other Group entities and ensure SLA’s are in place for delivery of the support.
Understanding the insurance regulatory framework and ensuring compliance with regulatory requirements.
Facilitate internal/external regulatory audits by coordinating provision of information required.
Ensure maintenance of and adherence to Group/Bank accounting policies and procedures.
Monitoring tax compliance and highlighting areas of risk.

People

Playing a leading role in coaching and developing other finance team members.
Succession planning so as to ensure business continuity.

Preferred Qualification And Experience

Undergraduate degree with bias in Finance, Insurance, Banking or a Business related field.
CPA (K), ACCA, or any other relevant qualifications.
Minimum of 5 years post qualification experience.

Knowledge/Technical Skills/Expertise

Good knowledge of Accounting principles & Budget planning and reviews.
A good background in an internal controls function within the financial sector.
Computer literacy and knowledge of personal computers and software. packages such as MS Word, MS Excel, MS PowerPoint, MS Access.
Strong communication and presentation skills at a senior level.
Strategic planning and management experience.
Experience in change management and has the ability to positively lead change.

October 23, 2024
Manager – Middle Office

Job description
Requirements

Bachelor’s Degree in Finance, Accounting or other business related field preferred.
Professional Qualification – ACI accreditation or Risk Management certification, CPA, ACCA,CISA, CFA qualification is desirable.
Overall exposure in the financial services sector and preferably 7 years’ experience in the Banking Sector with a minimum of 4 years’ experience in Treasury Middle Office.
Excellent understanding of Treasury Operations, Risk Management Knowledge, analytical with a general knowledge of the Banks’ Treasury Products, pricing& experienced in Treasury Finance.
Excellent analytical and numerical skills twinned with an active and avid interest in finance & trading.
Good understanding of the CBK and Banking acts/prudential guidelines and their implications on the organization as well as Knowledge of the banks KYC, AML, Risk Management and Compliance policies.
Good Communication skills both written and oral with the ability to maintain detailed and accurate record of transactions and handle complex information with accuracy and attention to detail.
Strong leadership, organizational, Strong problem solving skills and an ability to demonstrate sound judgment to execute solutions.
Manager – Middle Office
Are you a highly motivated professional with genuine interest in finance and treasury functions and looking for an opportunity to build a career in a fast-paced environment? This position at Co-operative Bank presents you with the opportunity to grow and develop an exciting career that will allow you to utilize your knowledge of the treasury functions, the financial sector, banking services and capital markets to make valuable contributions within Finance.
The successful candidate will be an experienced Middle Office professional with strong expertise in controls, procedures and reporting, as well as a full knowledge of Treasury/FX products.
Reporting to Director Finance, the role holder is the overall Manager of the Middle Office Function and is required to oversee and ensure integrity of Treasuries’ business risk controls, P&L monitoring, reconciliation and reporting, positions keeping, KPI/ KRI reporting, whilst ensuring compliance with accounting standards, prudential requirements and the bank’s policies.

The Role
Specifically, the successful jobholder will be required to:

Ensure Compliance with International Accounting Standards and International Financial Reporting Standards as well as define key risk indicators and alert senior management of any potential operational risk issues or unusual events in Middle Office activities.
Oversee the Foreign Exchange, Fixed Income and ALM P/L Flash, P/L commentary explaining Key drivers and response to ad-hoc/New Product reporting requests.
Supervise Open Positions reconciliation across all asset classes, ensuring that The Front Office managed Positions reconcile to those settled in the ledger. Ensure adequate Review of Trades with Significant P/L and ensure adequate commentary and Documentation is in Place.
Oversee the adequate Reconciliation of the Treasury Transaction Processing system to the General Ledger for P/L and M-T-M Accounts, as well as substantiation of M-T-M Balance Sheet back to deal level detail.
Oversee the exception Based Monitoring of Cancel and Amends and Off Market Rate deals as well as Trades with Negative spread across all asset classes and correct valuation of Treasury Balance Sheet across all asset classes and Supervise Regulatory returns to the Central Bank as Required.
Work with The Back office and Market Risk to ensure accuracy of End of Day Rates used to revalue Open Positions. Maintain, monitor and report individual Dealer, counterparty and open market limits utilization and violations. Highlighting and escalating of off-market transactions or cancelled and amended deals.
Supervise in liaison with the Front Office to obtain dealer estimates for all product lines and to resolve exceptions between estimate and Flash P/L satisfactorily before distribution.
Effectively support and supervise the risk profile of Dealers’ positions, in line with internal and external risk management and regulatory imperatives as well as Mitigate settlement risks by checking and verifying deal tickets details and highlighting any discrepancies.
Supervising accurate and timely preparation of the daily product, dealer and transaction Profit and Loss Reports including analytical review, commentary and reporting the same on daily basis.

Skills, Competencies and Experience

Bachelor’s Degree in Finance, Accounting or other business related field preferred.
Professional Qualification – ACI accreditation or Risk Management certification, CPA, ACCA,CISA, CFA qualification is desirable.
Overall exposure in the financial services sector and preferably 7 years’ experience in the Banking Sector with a minimum of 4 years’ experience in Treasury Middle Office.
Excellent understanding of Treasury Operations, Risk Management Knowledge, analytical with a general knowledge of the Banks’ Treasury Products, pricing& experienced in Treasury Finance.
Excellent analytical and numerical skills twinned with an active and avid interest in finance & trading.
Good understanding of the CBK and Banking acts/prudential guidelines and their implications on the organization as well as Knowledge of the banks KYC, AML, Risk Management and Compliance policies.
Good Communication skills both written and oral with the ability to maintain detailed and accurate record of transactions and handle complex information with accuracy and attention to detail.
Strong leadership, organizational, Strong problem solving skills and an ability to demonstrate sound judgment to execute solutions.

Competencies

Leads from the front
Delivers and owns results
Values and respects others
Drives innovation
Fosters Communication
Inspires trust and integrity
Customer Centric

October 23, 2024
Relationship Officer – Agribusiness Risk & Compliance Officer SME & Institution Banking Officers

Job Description
Responsible for marketing Banks’ Agribusiness products and services to the target market and recruitment of new customers, processing and disbursement of loans and ensure timely collection of the same to ensure healthy portfolio and happy satisfied customers.
KEY DUTIES AND RESPONSIBILITIES

Implementation of the Banks’ Agribusiness strategy
Championing market and product development in Agribusiness
Coordinate research in agribusiness interventions
Managing relations with agribusiness agencies, donors, and other stakeholders
Development of agribusiness training programs for staff, farmers and other stakeholders
Deep understanding of Agribusiness Value Chain Financing concept
Professional maturity and ability to operate in a fast paced, competitive work environment
Loan disbursements and deposit mobilization that meet defined growth and quality targets
Agribusiness reporting
Responsible for cumulating and maintaining agribusiness information
Maintain good public relation between SMEP and stakeholders e.g. Public administration, farming communities, business community etc

Qualifications and experience:

A minimum grade of C+ (plus) in KCSE
Bachelors degree in a Agri-business related field
Have knowledge in group/individual agri-business lending
Demonstrable skills in strong leadership, marketing and reporting
Advanced Computer literacy
Excellent oral and written communication skills
Persuasive with strong recognition skills,
Self-driven and possess the ability to work with minimum supervision
Have good knowledge of the micro-finance industry and practices and
A self-starter who possesses excellent presentation skills
Aged between 30 and 40 years
Applicants must be committed to Christian values with a passion to serve
A team player with the drive to improve performance.
Self-driven and possess the ability to work with minimum supervision
Applicants must be committed to Christian values with a passion to serve

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October 23, 2024