Rafiki Microfinance Bank – Finance Manager Internal Controls & Reconciliation

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The main responsibility of the job holder will be to apply established policies, processes, procedures and tools to achieve optimal efficiency, compliance and strong control environment.


  • Overall coordination and overseeing the audit of the Bank and providing correspondences to the internal and external auditors.
  • Reviewing the financial statements to ensure they are accurate and the necessary disclosures made to comply with International Financial Reporting Standards and other regulatory requirements.
  • Communicating with the various heads of department and management on issues arising from internal controls and audits.
  • Substantiation of Banks trial balance and ensuring reconciliations are done on all balances.
  • Preparing monthly risk factors and corrective action and tracking for all units.
  • Reporting on the execution of the enterprise strategy and financial plans.
  • Cash flow analysis, forecasting and management.
  • Champion the bank’s risk management process by ensuring adherence to Policies, procedures and Regulatory requirements.
  • Managing all reconciliation processes for all suspense and Bank Accounts
  • Managing daily production and reviewing of all returns supporting the banks operations.
  • Investigating and identifying any data anomalies, researching data and proactively addressing any reporting issues.
  • Maintaining accurate records and exercising quality control on all bank returns.
  • Overseeing and implementing Risk and Compliance programs.
  • Raising appropriate correction entries based on reconciliations outcome and liaising with branches and Operations department for necessary adjustments.
  • Reviewing Mid-month and End month reconciliations for all branches.
  • Compiling all bank end of month returns.
  • Representing Finance department in the Operations and Risk Committee on a monthly basis.


  • A business related degree from a reputable university
  • CPA (K)
  • 5 – 6 years’ experience 3 of which in a supervisory level.
  • High level of oral, written communication skills, and proven analytical abilities to analyze interpret resolve, change workflow, and improve productivity.
  • Understand the impact of service and assigned roles on customers
  • Knowledge of the RMFB procedures and processes
  • Innovative and provide sound solutions for improvement in terms of best practice.
  • Ability to perform under pressure and accept varied responsibilities
  • Excellent time management skills to perform efficient and productive work
  • Proven problem solving and investigative skills
  • Innovative and open minded
  • Proper escalation of any challenges faced so as to seek solutions for the same.

How to Apply

Interested candidates are requested to send their cover letter and CV to hr@rafiki.co.ke quoting the position applied for on the e-mail subject on or before 26th November 2023 at 5:00pm.