Position:
Finance Manager – Cost Management
Number of openings:
1 (one)
Location:
Nairobi
Purpose of the Job:
The position will be responsible for cost management, fixed assets management efficiently and effectively to achieve the bank’s strategic goals.
Reports to:
Chief Finance Officer
Job Description:
COST MANAGEMENT
- Formulating and implementing cost management initiatives in line with the bank’s strategy.
- Reviewing and presenting costs analysis reports to the CFO
- Perform periodic checks on the accuracy and completeness of the bank’s expenses
- Preparation of annual expense budgets.
- Budgetary control.
PAYMENTS
- Review for proper documentation and approval of payments as per the finance policy and approval matrix.
- Service provider relationship management.
- Ensuring that supplier reconciliations are done, and any outstanding issues resolved on time.
- Ensuring that payments are processed as per the set SLAs.
- Ensuring all statutory deductions and taxes are remitted on time.
- Reviewing and approving payments for subsidiary.
FIXED ASSETS MANAGEMENT
- Ensuring that all the new assets are verified and capitalized.
- Periodic fixed asset verification and tagging.
- Ensuring that the bank’s assets are insured against potential risks.
- Preparation of the fixed asset movement schedule monthly.
RECONCILIATIONS
- Reviewing monthly supplier reconciliations.
- Reviewing monthly GL reconciliations for fixed assets and accounts payable.
- Ensuring that the monthly stock take has been carried out and discussing the reports with the C.F.O.
- Supporting the audit process both internally and externally by providing all the required information within set timelines.
STAFF MANAGEMENT
- Managing direct reports and staff matters e.g. training.
- Prepare performance contract and BSC for staff
- Manage staff leave as per agreed leave plan
Knowledge: Skills and Experience required for this Role
- University degree in any business-related field or equivalent
- CPA (K) or equivalent
- 5 – 6 years’ experience, 3 of which should be in a supervisory role
- Quantitative and qualitative analytical skills
- Excellent communication and presentation skills
- A working knowledge of bank’s operating systems controls and general banking.
- Leadership skills to motivate and empower the team to reach organizational goals.
- Knowledge and effective application of all relevant banking policies, processes, procedures and guidelines to consistently achieve required compliance standards.
- Performance Management skills to optimize employee productivity.
- Interpersonal skills to effectively communicate with and manage customer expectations (internal), and other stakeholders who impact performance.
- Planning & organizing skills to ensure proper management of objectives, tasks and responsibilities of the unit.
How to Apply
Interested candidates are requested to send their cover letter and CV to [email protected] quoting the position applied for on the e-mail subject on or before 25th August 2024 at 5:00 pm.
Note: “Only shortlisted candidates shall be contacted”
