Assistant Manager, Management Reporting at SBM Bank

Job Purpose

Responsible for budget planning & control, supports the executive management by providing comprehensive, in-depth and timely analytical financial reports that will allow them to make the informed decisions.

Key Responsibilities

• Financial/Performance Reporting and Consolidation (60%)
• Preparation of the daily, weekly and monthly management accounts in accordance with the generally accepted accounting standards (IFRS) and prudential guidelines
• Provide comprehensive, in-depth and timely analytical support to the organization through developing financial reports and presentations
• Ensure value added reporting to the board and executive to provide insightful analysis for management decision-making Assist in preparation of group and internal reports while ensuring adherence to timeliness and accuracy.
• Preparation of branch management accounts and branch analysis.
• Taking initiative to engage branches on their performance and analytical review
• Preparation of FTP and Cost allocation.
• Assist in the preparation of Board pack, ALCO pack, EXCO Pack and ad hoc presentations/reports depending on the management’s needs.
•  Daily and monthly preparation of key ratios (cost of funds, yield on assets and cost of income) and other financial ratios (gross loans to customer deposits, liquidity, non-funded to total income) and advising on the right mix
• Providing advice to branches on areas of improvement and low hanging fruits.
• Analyzing market trends and competitors through bank barometers.

Budgeting, Target Setting, Monitoring and Cost Management (20%)

• Prepare annual budget/ 3 year projections
• Ensure timely preparation of the budget calendar
• Develop budget by; Business Unit, Department and Branch
• Obtain board approval
• Set targets/objectives in accordance with the bank’s strategy
• Cascade the targets across the organization
• Reviewing, monitoring and managing budgets

External and Internal Audit Management(10%)

• Attending to auditors request to ensure a smooth audit exercise. (Internal and Statutory Audits).
• Preparation of the segment reports for inclusion in the audited financial statements.
• Preparation of Financial Risk Analysis reports
• Quality checks of the Audited financial statements to ensure that it is in line with the IFRS requirements.

Regulatory Reporting (10%)

• Assist on regulatory reporting.
• Continuous ratios monitoring and simulations
•  Always alert on new developments on CBK prudential guidelines, IFRS IAS and SEG guidelines.
• Assist to accurately and timely rendition of mid-month, monthly, quarterly, annual regulatory bank returns
• Liaising with regulators during on-site and off-site examination of the Bank

Knowledge; Skills and Experience required for this Role

• Good knowledge and application of International Financial Reporting Standards (IFRS)
• Knowledge of financial accounting, budgeting, control, and reporting principles, methods, techniques, and standards as applied within the company’s business environment.
• Good knowledge of CBK prudential guidelines, Kenyan tax laws and cross border tax laws.
• Proficiency in the use of personal computers and related applications such as MS Office, Advanced excel, PowerPoint, and information systems used in financial and/or accounting applications particularly those used to quantify and illustrate complex financial reports, comparisons, impacts, and/or projections.
• Ability to work in a highly demanding environment with time pressures and managing multiple tasks.
• Minimum of 5 years work experience in the Banking industry.
• Bachelor’s degree in either accounting, finance or economics from a recognized University
• Professional qualification in CPA or ACCA.

Competencies required for this Role

• Adhering to principles and values
• Well organized and keen to details.
• Good communication and presentation skills
• Good interpersonal skills, positive attitude and team player.
•  Delivering Results and Meeting Customer/stakeholder expectations
• Discretion when dealing with confidential information