Senior Manager, Financial Planning and Reporting at NCBA Group

JOB PURPOSE STATEMENT

Supporting the Head of Finance and Administration, the main purpose of the role is to direct, coordinate and prepare the Loop DFS’s monthly management accounts, corporate plans (in conjunction with Loop & NCBA Group Strategies), budgets and performance tracking and review, provision of specialized analysis of business initiatives such as new investments, feasibility studies, capital management and competitor financial analysis.

Other tasks include:

• Driving the annual and long-term financial modelling and planning, providing strategic insights and commentaries on financial performance, financial forecasting, monitoring, analyzing & advising on performance against plans throughout the business cycle.
• Participate and support implementation and entrenchment of financial management culture, policies, tools, processes and procedures that ensure internal efficiencies, and effective preparation and dissemination of financial information in line with the accounting standards for management decision making and reporting purposes.
• The role will be responsible for management of financial data, control over relevant data marts, data base mining, preparation of executive dashboards and quarterly competitor analysis.
• Understanding the data needs of the organisations and providing data that enable different users make informed decisions about their businesses.

KEY ACCOUNTABILITIES (DUTIES AND RESPONSIBILITIES)

Financial (30%)

• Performing analysis on Loop Group’s performance and providing insightful commentary on emerging trends, whilst linking current performance with future projections, risks and opportunities;
• Monitor performance against budget and provide monthly variance analysis report.
• Lead the forecasting process & provide strategic insights and commentaries on the financial performance.
• Advise on key business parameters and their impact on the plans on a monthly basis.
• Providing Loop DFS financial performance and future outlook
• Interpretation of market intelligence and competitor analysis reports.
• Guide the development of Loop DFS financial plans & budgets, annual and long range plans
• Directing and consolidating business financial plans and budgets into corporate/group financial plans and budgets.

Internal Business Processes (40%)

• Control operating expense through strict approval procedure for all amounts within prescribed limits. Monitor departmental expenses vis-à-vis budget on a monthly basis and follow-up negative variances.
• Ensure accuracy and completeness of Loop DFS’s fixed assets register.
• Ensure proper management accounts are kept in accordance with the International Financial Reporting Standards (IFRS) and the applicable laws and regulations in markets the Group operates in.
• Ensure that Loop DFS’s operating business entities monthly financial reports are prepared accurately and circulated to all users within agreed time lines. These reports include; monthly management accounts, performance analysis reports, and Board reports.
• Develop and implement systems for collating and analyzing financial and operational data to provide relevant management information and reports to specified stakeholders.
• Champion the department’s Risk and Control Self-Assessment (RCSA) process.
• Develop/maintain the Department Policies & Procedures and service level agreements (SLAs) ensuring these are always up to date.
• Manage the Business Process Flows on SAP BPC.
• Develop and implement systems for collating and analyzing financial and operational data to provide relevant management information and reports to specified stakeholders.
• Quality of MIS, Dashboards and financial reports to internal stakeholders.
• Assess and cultivate long-term strategic goals for MIS development in conjunction with end users, managers, clients, and other key stakeholders.

Internal Customers (20%)

• Provide financial reports to all the stakeholders in a timely manner, through effective business partnering.
• Provide insights on the financial statements to aid in decision making
• Assess and cultivate long-term strategic goals for MIS development in conjunction with end users, managers, clients, and other stakeholders.
• Coordinate the preparation of the group’s operating business entities annual budgets.
• Constructively challenge, input and maximize value in key business areas and drive exceptional business performance through business collaborating.
• Seeking opportunities for savings for the group operating entities in operating expenses management.
• Collate and provide accurate information required by rating and lending agencies, financial partners such as BMG Foundation.

Learning & Growth (10%)

• Set performance objectives for each member in financial planning & reporting units in accordance with the Department’s overall objectives.
• Regularly review people performance to trigger feedback and prompt actions to ensure objectives for individuals and team.
• Ensure collaboration amongst the staff with other members of the Department, and with other relevant stakeholders for cultivating collective responsibility to achieve business goals.
• Ensure team training and develop clear growth plans

JOB SPECIFICATIONS

Academic:

• University degree in business related studies or equivalent.
• MBA in Finance, Strategy or Business Administration will be an added advantage.
• CPA, ACCA, CIMA or equivalent professional qualification.

Desired work experience:

• Eight years post-qualification (accounting) experience in a medium to large corporate organisation.
• Competence in the use of SAP, T24 and Boss Systems.
• Experience in the financial services industry or banking sector.