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

Responsibilities

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.