Family Bank Ltd – Assistant Manager -Financial Planning, Analysis and Reporting.

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Are you a go getter, positive minded individual who fits the role profile captured below? There is an opportunity for ambitious, self-driven individuals to fill the above position.

REPORTING TO: SENIOR MANAGER -FINANCE

Job Purpose: To support the CFO in delivery of strategic and timely business insights by ensuring that reports on financial performance are promptly and accurately prepared and delivered to both internal and external stakeholders

To oversee the provision of financial decision support services to business division leaders by ensuring that timely, accurate and tailored financial information is proactively generated and provided. To lead in the annual budgeting and planning exercise for the Group.

Key Responsibilities:

Planning and Analysis

  • Drive the annual budgeting and business planning process and provide guidance to Decision Support partners.
  • Prepare medium- and long-term Business Plans as well as monthly forecasts {Income Statement, Balance Sheet and Cash Flow forecasts}
  • Prepare investment cases for review by Senior Management – New products, New Markets
Reporting
  • Oversee the reporting of monthly financial results of the Bank including monthly consolidation
  • Reviews and reports on the financial performance of the various business segments and make appropriate recommendations
  • Review performance with Heads/Line Managers and identify drivers and improve performance within their divisions. Work with Business partners to ensure that agreed initiatives are implemented
  • Prepare monthly updates to the Board and Shareholders on both financial and non-financial metrics.
  • Coordinate the preparation of board committees’ packs
  • Reviews the organizations financial performance and prepares the company’s financial reports in line with statutory reporting process
  • Ensures that all new business is in line with KYC and AML/CTF laws and regulations and customer information is regularly updated.
Decision support
  • Design and implement cost centers and roll out cost allocation at Branch, Business Unit, Product and customer level
  • Design and implement an executive key drivers dash board to track KPI’s
Risk Management
  • Oversee compliance and implementation for group businesses, and lead the first line of defense team, policies and remediation of operational risks within finance
  • Ensure full closure of external and internal audit issues.
Key Performance Metrics
  • Budget Planning & Implementation
  • Turnaround time of budget preparation
  • Number and value of budget deviations
Business Partnering
  • Ability to proactively identify business financial needs
  • Timely resolution of financial issues
  • Relevance of recommendations to business
  • Effective allocation of Finance Decision Support Partners
  • Number of business losses made due to wrong or high-risk financial decisions taken
  • Feedback from Group Heads/Line managers
Financial Reporting
  • Timeliness, completeness and accuracy of monthly management reports
  • Timeliness and accuracy of segmental reports as well as project and product financial reports
  • Delays to decision-making caused by inaccurate financial statements or management reports
  • Any other official duty that may be allocated by management from time to time.
The Person:

The ideal candidate must possess the following:

Qualifications:
  • Minimum of Bachelor’s Degree in a quantitative field
  • MBA or Master’s Degree in a related discipline is desirable
  • Should possess an advanced professional certification such as CPA, ACCA, CIMA, CFA
  • Minimum of 7 years of relevant experience at least 3 of which should be at a managerial level. Experience with ERP systems would be highly desirable.
Key Competencies and Attributes:
  • Personality: A go-getter, good negotiator, enthusiastic, results oriented with excellent communication and social skills. A forward planner with clear focus, mature, reliable, hardworking and able to work without supervision.
  • Sound knowledge of the Bank’s policies and procedures
  • Management ability: Responsibility and ability to grow, support and develop talent.
  • Computer skills: adept in use of Ms Word, Excel, Access, powerpoint, Internet and email.
  • Honest and with high integrity
  • Keen to details.
  • Innovative and creative.
  • Ability to take personal initiative and work with minimal supervision

ALL applicants MUST apply online to the email; recruitment@familybank.co.ke; closing date is 18th December 2020. Canvassing will automatically disqualify the candidate. Only shortlisted candidates will be contacted.

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Family Bank Ltd

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