Microfinance Bank Finance and Strategy Manager

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Our client, a renowned church based microfinance bank seeks to hire a talented individual in the position of Finance and Strategy Manager whose job profile is described below.

Vacant Position: Finance & Strategy Manager

Reporting: CEO

Liaison: Heads of Departments


Job Summary: The incumbent will be responsible for Management of the Bank’s financial functions of budgeting, cost management, financial reporting, compliance monitoring, liaison with strategy development and execution monitoring as well as staff performance supervision,

Key Duties and Responsibilities

  • Prepare timely financial statements and reports as required by all pertinent laws and regulations and deemed necessary and demanded from time to time by the Board of Directors.
  • Regulate, supervise and implement a timely, full and accurate set of accounting books of the Bank reflecting all its activities in a manner commensurate with the relevant legislation, regulation and internal guidelines.
  • Coordinate effective treasury management to ensure effective cash flow and cash flow analysis.
  • Prepare, control and monitor the organization’s revenue, capital and expenditure budget in line with the strategic and operation plans of the organization.
  • Create and maintain strong financial discipline by planning, controlling and reporting on the organization’s financial performance to the Board and Senior Management on a monthly, quarterly, half yearly and yearly basis.
  • Liaise with external auditors and regulatory bodies to ensure that all financial transactions are compliant with existing regulatory instruments and accounting standards.
  • Monitor fixed assets register, provision accounts and investment portfolio.
  • Liaise with ICT department in the acquisition of the necessary software for the finance function.
  • Maintain a good working relationship with the financial institutions with the aim of securing funds necessary for the operations of the organization.
  • Alert the Board of Directors regarding any irregularity, lack of compliance, lack of adherence and problems concerning the financial systems, financial plans and financial operations which could have a negative financial implication. 
  • Oversee daily operations of the Accounts and Finance Department.
  • Direct and coordinate company’s financial planning
  • Establish and implement short and long term departmental goals, objectives, policies and operating procedures
  • Supervise and train accounts and finance staff
  • Advise the CEO and the Board of Directors on all financial and accounting matters of the Bank.
  • Monitor and analyse monthly operating results against budget.
  • Manage the Bank’s cash flow position.
  • Ensure compliance with Government requirements in relation to budgetary preparation and approvals.
  • Prepare Corporate Tax returns and ensures that the Bank adheres to all tax laws and other financial statutory requirements.
  • Work with the senior management team and Directors to develop strategic plans and annual business plans for the bank
  • Participate in mobilization of lending resources and sits in various committees of the institution including ALCO, Tender Committee, Senior Management, ICT Steering committee and others that may be established from time to time.
  • Carry out any other duties as assigned from time to time by the CEO

Qualification, Competencies Required

  • University degree in Accounting, Commerce, Economics or Business Management/Administration or related business degree
  • Masters degree  in strategic management will be an added advantage
  • Certified Chartered Accountant/ Certified Public Accountant.
  • Current member of Institute of Certified Public Accountants of Kenya (ICPAK) with a valid membership Certificate
  • 5-8 years working experience in busy accounting/finance function preferably in a financial institution. At least 3 years  must be in a management position
Interested and qualified candidates are invited to submit their cover letter and detailed CV to email protected, clearly stating the job you are applying for in the Email subject and current & expected Gross salary.

Closing date for application is 4th January 2018

You can also visit our website on www.postureconsulting.com

Only shortlisted candidates will be contacted

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