Job Purpose
To support the Chief Financial Officer (CFO) in formulating the Finance and Value Management strategy and its implementation across the Bank
• To support the CFO on all matters relating to the operation of the Finance and Value Management department that includes, financial
accounting & reporting, tax & regulatory reporting, internal financial control and overall financial discipline
• To ensure the overall integrity and accuracy of the General Ledger as a basis for the preparation of financial reporting
• Custodian of the General Ledger, Chart of Accounts, and the central repository for all financial and regulatory reporting information for the Bank
• Management of external audit of the bank’s annual financial statements
Key Responsibilities/Accountabilities
- To participate in setting the country strategy and objectives.
- Ensuring that all internal and external reporting requirements are timorously met, including preparation of monthly and quarterly accounts, Group Accounts and Statutory Annual Financial Statements,
- Being the custodian of the General Ledger, Chart of Accounts, and the central repository for all financial information for the Bank.
- Monitoring all Balance sheet and Income Statement account movements and ensuring that they reflect the correct balances and all relevant account reconciliations are performed and corrective actions taken timorously.
- 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.
- Perform detailed review and analysis of the country numbers to confirm the integrity and resilience of reported results.
- Preparation of monthly commentaries on SBBL results, including investigation into inconsistent and/or major variances.
- Facilitate the design and implementation of reporting systems to provide and communicate quality information.
- Understand the business information needs of Head Office information receivers and align this with country management information needs.
- Monitor and control the global markets balances for reporting purposes.
- Provide reliable information and reports to EXCO and Regional Managing Director to enable them to meaningfully direct the country.
- Prepare Board reports
- Ensure the accounts payable team processes are tax compliant, VAT, WHT, company tax.
- Prepare the KRI’s for Finance and the risk reporting pack requirements.
- Managing the Bank’s Financial risk register
- Ensuring hygienic maintenance of all intercompany mismatches
- Ensure recovery and management of the SIS, Liberty and Stanlib costs
- Prepare Financials for subsidiaries, Nominees and SIS
- Ensure completeness of the audits for subsidiaries and annual reports.
- Updating of the Finance manual annually for any changes.
- Maintain and effective Internal Financial Control environment
- Assist in the cost management strategies and cost reporting including commentaries.
Minimum Qualification and Experience
Qualification
• Chartered Accountant or Equivalent Accounting Postgraduate Certifications
• BA Accounting, ACCA or CIMA
Knowledge
• International Financial Reporting Standards (IFRSs)
• Tax & Regulatory Laws & Regulations
• SAP, Finacle and related systems
• Microsoft office
• Computer Skills
Experience
• +5 years of Finance Managerial Level
• +5 years of working at similar managerial level