Principal Officer, Financial Reporting

Job Purpose

Reporting to the Chief Finance Officer, the role is responsible for managing the Group monthly financial reporting processes, preparation of financial statements in line with the IFRS, regulatory reporting in line with Prudential guidelines and other regulatory requirements (Companies Act). Further, the role ensures that robust controls are maintained around the internal models to provide assurance of the accuracy and completeness of the Bank’s Financial Statements.

Key Duties and Responsibilities

  • Compilation of yearly group financial statements and annual reports in line with the International Financial Reporting Standards (IFRS).
  • Preparation of group quarterly financial statements and forwarding the same to the Central Bank of Kenya for review and approval for publication. Contacting the newspapers for the publication of the same.
  • Compilation of Central Bank of Kenya returns for approval and electronic submission of the same to the Central Bank of Kenya. They include monthly BS(M), monthly income statements, monthly capital adequacy ratio statements, distribution of deposits, monthly liquidity statements, etc.
  • Liaising with external & internal auditors and Central Bank of Kenya inspectors and assisting in the audit of group financial year-end and interim financials.
  • Compiling daily, monthly, quarterly, and yearly reports which include liquidity statements and financial statements for the management meetings.
  • Postings and reconciliations of ledgers in the core banking system.
  • Maintaining of Government securities register and processing any receipts and purchase transactions.
  • Finance Models- IFRS 9, Bond Valuations amongst others.
  • Balance sheet Substantiation, Oversight on reconciliation processes, embedding
    strong controls around

Job Requirements and Experience

For appointment to this grade, a candidate must have:

  • Bachelor’s degree in Accounting/Finance/Economics or a related field.
  • Masters or related qualification from a recognized university is an added advantage.
  • Qualified CPA (K) or ACCA.
  • Minimum of three years working experience in a similar position in the banking sector
  • Knowledge of prudential guidelines for the compilation of Central Bann of Kenya returns.
  • Knowledge of IFRS for compilation of financial statements./li>
  • Knowledge of financial and money markets.
  • Knowledge of laws and specifically company law, banking & central bank laws.
  • A commercial mind able to understand current affairs and impact on the business.

Competencies and Skills

  • High attention to detail and excellent analytical skills/li>
  • Sound independent judgment
  • Good communication skills.
  • Interpersonal and teamwork skills.
  • Innovativeness and problem-solving skills.
  • Knowledge of the Banking processes.
  • Financial and accounting skills.
  • Organizational skills
  • Report writing skills.
  • Information technology skills.
  • Ability to manipulate large amounts of data and to compile detailed reports
  • Ability to perform control reviews on systems development, operation, programming, control, and security procedures and standards.
  • Ability to maintain the highest level of confidentiality and accuracy in all the departments’ correspondence and procedure

To Apply

Interested and suitably qualified individuals should forward hard copies of their applications, enclosing copies of their academic and professional certificates, detailed CV indicating work experience, contacts, and addresses of 3 professionally relevant referees by close of business on the 3rd of July 2024. Use the email recruitment@devbank.com. Only shortlisted candidates will be contacted.