Group Financial Reporting Manager at Equity Bank Kenya

Role Purpose

The role holder will be responsible for preparation, consolidation and review of regulatory and statutory financial reports in a timely manner in accordance with the regulatory requirements and International Financial Reporting Standards for all Equity Group Holding Entities.

Job Responsibilities/ Accountabilities

• Preparation and submission of periodic financial reports in accordance with IFRS, statutory and regulatory requirements (CBK & KDIC)
• Consolidation of Group Financial statements Monthly, Quarterly and Annually
• Coordinate preparation and submission to management of daily performance reports and insights into material movement in key parameters.
• Establish and maintain effective internal controls over financial reporting process
• Regular monitoring and review of all GLs for accuracy and appropriateness of business transactions recorded across the group
• Review of group wide GL reconciliations and ensure outstanding items are investigated and cleared promptly
• Monitor compliance with local regulatory limits and draw finance management attention for action to avoid breaches within all jurisdictions that EGH operates
• Provide technical accounting support to different user groups across the Group.
• Conduct impact assessment of new Standards and regulatory requirements on financial reporting. Liaise with the external auditor, internal auditors and market regulators in matters pertaining to audit, reporting and Banes inspection.
• Effectively and collaboratively identify, escalate, mitigate, and resolve risk, conduct and compliance matters.
•  Any ad hoc tasks assigned by management.

Key deliverables:

• Timely submission of daily, weekly, monthly, quarterly, and annual CBK and management reports
• Preparation of audited financial statements
• Handling external and internal auditors' requests
• Intercompany reconciliations
• Internal controls reports

Non-Financial Impact (e.g., Compliance, Risk Mitigation, Governance, other)

• Compliance- The role ensures accuracy and quality of regulatory and statutory reports thus enhancing compliance.
• Risk Mitigation —The role de-risks overdependence on one resource while bridging the skills gap in the team thus promoting business continuity.
• Governance — Management reports are shared with those charged with governance to make timely decisions regarding the performance of the business.

Qualifications

• Bachelor of Commerce (Bcom) majoring in Accounting or equivalent degree
• Relevant Professional Qualifications eg CPA (K) or ACCA
• MBA (added advantage)
• Experience in data analysis;
• In-depth knowledge of IFRSs.
• At least 8 years in Finance and Financial Reporting
• In depth knowledge in Central Bank regulations

Closing: 17 Feb, 2023