Finance Manager Reporting at Commercial International Bank (CIB) Kenya

Job Purpose Statement

Assist the Chief Finance Officer and ensure that all regulatory, tax and internal reporting functions are executed efficiently and in a timely manner

Key Responsibilities

Financial

• Management accounts: Preparation of daily, monthly, quarterly and annual financial reports to senior management and directors.
• Budget formulation: Prepare annual budgets, cash flow forecasts and financial plans.
• Prepare the Bank’s year-end statutory accounts and returns including tax affairs.
• Verify and authorize supplier and other payments made by the Bank in consultation with the CFO.
• Support cost management activities for centralized operating expenses.
• Assist in compiling annual budgets and forecasts for departments and branches, and consolidate them.
• Analyze revenue and expenditure trends, recommend budget levels, and ensure expenditure control.

Customer

• Train Bank & Finance staff on financial and accounting matters; support team development through leadership, mentoring and coaching.
• Manage and coordinate all fiscal reporting activities including operating income/expense reports and balance sheet reports to the board and regulator.
• Protect the bottom line by supporting transparency and dynamic performance management.
• Maintain records to meet external legal and tax requirements.

Internal Business Process

• Prepare and submit the Bank’s statutory returns (mainly CBK and KRA).
• Support systems for formulating and evaluating business strategies and performance (planning, forecasting, budgeting, advanced financial analysis, product profitability).
• Prepare and publish quarterly and yearly financial statements.
• Enforce internal control systems and procedures.
• Participate in internal and external audits and implement recommendations.
• Verify and approve payment vouchers; ensure accuracy and proper authorization.

Monitor and control imprest.

Functional Responsibilities

• Provide full accounting services including departmental financial analysis and resolution of potential financial problems.
• Support expense monitoring and prepare variance reports.
• Prepare daily, weekly, monthly, and quarterly returns to CBK (e.g., BSM, Liquidity, PR6, PR7, PR8 & PR10, DPF, Weekly forms 3 & 4, public entity returns).
• Prepare daily management reports on foreign currency exposure and other reports required by the regulator.
• Maintain internal GL accounts with approvals.
• Analyze items in the GL and prepare accounting schedules.
• Collate regulatory returns from departments and submit to CBK on time.
• Review the General Ledger & system integrity (corrections as needed).
• Fixed assets record keeping, reporting & analysis

Job Specification

Academic

• Business graduate from accredited university, majoring in Finance or Accounting.

Professional Qualifications & Experience

• ACCA, CPA, or CFA certification.
• Proficiency in Microsoft Office Suite.

Desired Work Experience

• Minimum five years in a similar role in a reputable bank.
• Proven analytical, problem-solving, decision-making, team-building and leadership skills.
• Thorough understanding of bank policies, procedures and relevant laws/regulations.
• Ability to solve complex issues logically and independently.
• Capable of working with little supervision.