Job Purpose Statement

Support reconciliation and financial monitoring activities for the Bank. The role involves ensuring the accuracy of General Ledger balances through daily and monthly reconciliations and resolving outstanding items. The officer will also assist in monitoring foreign exchange transactions, investments, fixed assets, and income accounts to support accurate financial reporting and internal control.

Key Responsibilities
Financial

• Ensure an accurate and timely month-end close process by reviewing balance sheet reconciliations, including nostro accounts, troubleshooting issues, and following up on outstanding items in nostro accounts and the Bank General Ledger.
• Conduct General ledger review to confirm data accuracy.
• Assist in processing financial transactions, including payments, ensuring accuracy, compliance, and timely execution.
• Prepare daily, monthly, quarterly, and annual financial reports, ensuring accuracy and completeness.
• Assist in budgeting and forecasting processes to support financial planning and decision-making.

Customer

• Manage stakeholder relationships by ensuring timely escalation and resolution of issues related to risk, exposure, and process optimization to enhance partner satisfaction.
• Co-ordinate with various stakeholders to ensure adherence to processes.
• Enhance internal customer self-service and build internal customer relationships.

Internal Business Process

• Ensure adherence to financial policies, procedures, and regulatory requirements in all reconciliation and payment processes.
• Maintain accurate and up-to-date financial records to support audits and internal controls.
• Assist in monitoring General Ledger (GL) accounts and reconciliation processes to enhance accuracy, improve efficiency, and reduce operational risks.

Functional responsibilities

• Perform daily and monthly bank reconciliations, ensuring accuracy and timely resolution of outstanding items.
• Process financial transactions, including payments, ensuring proper documentation and compliance with financial policies.
• Maintain, review, and analyze General Ledger and trial balance accounts, including system integrity checks and approved corrections.
• Assist in month-end closing activities, including preparation and review of balance sheet reconciliations and resolution of discrepancies.
• Monitor and clear suspense accounts within approved timelines.
• Track and validate foreign exchange transactions to ensure applied rates align with approved internal and published rates.
• Review fixed asset records for correct classification, depreciation, and reconciliation to GL balances.
• Analyze income and expense accounts to identify unusual transactions and support accurate financial reporting.
• Prepare accounting schedules and reports as required.
• Support Environmental, Social, and Governance (ESG) requirements by ensuring accurate financial data, and compliance with internal policies and regulations.
• Perform any other duties as assigned by Management.

Job Specification

Academic

• Bachelor’s degree in a business-related field (Finance, Accounting, Commerce, or equivalent).

Professional Qualifications & Experience

• Professional qualification in Accounting & Finance (ACCA/CPA-K) from a recognized institution is an added advantage.
• Proficiency in Microsoft Office Suite

Desired Work Experience

• At least two years of relevant experience in finance.

How to Apply

To apply, please send your applications to – recruitment@cibke.com with the subject being – the title of the job.