Rafiki Microfinance Bank Finance Manager – Cost Management Jobs in Kenya

Rafiki Microfinance Bank Finance Manager – Cost Management Jobs in Kenya

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.

Job Description:

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.

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.

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.

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.

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

For more information and job application details, see; Rafiki Microfinance Bank Finance Manager – Cost Management Jobs in Kenya

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