Summary
Date Posted: Monday, September 23, 2019 , Base Salary: Not Disclosed

JOB DETAILS:
Exciting Career Opportunity Are you ambitious and seeking for a career rewarding challenge to propel you to the next level? Unguka Bank is looking for a qualified and competent Head of Finance and Administration services. Purpose of the Job The Head of Finance and Administration Services is responsible for the all of the Bank’s fiscal operating results utilizing generally accepted accounting principles, such as cost accounting, budgets, and regulatory agency and government reports ensuring the safeguard of Bank assets. Counsels senior management on fiscal control and profitability; prepares, presents and interprets financial reports to senior management; adheres to tax laws and regulatory compliance to properly reflect the financial position of the Bank. Directs accounting activities; provides leadership, training and supervision within the department; provides a high level of customer relations and service; and ensures compliance with Bank policies and procedures. The position of Head of Finance assists in attaining established Bank and department financial goals. Performs supervisory duties of department staff, coordinates staff for coverage in all related areas of the department. .

Job Related Experience and Knowledge
• Demonstrated experience in leadership and management of finance and administration team for at least three years of experience in managerial positions in financial institution, auditing firms or related institutions;
• Extensive knowledge of international financial reporting standards and other accounting best practice;
• Comprehensive knowledge and experience in budgeting and forecasting for business operations;
• Provide accurate and timely financial information and reports to facilitate the decision-making process to ensure the achievement of the bank’s goals and objectivity;
• Responsible for provision of financial analysis on cash-flow, operating costs and variance to determine the financial performance of the business;
• Responsible for preparation of the annual budget and provide periodical reviews on the progress of its implementation;
• Provide oversight in the preparation and maintenance of general ledger, journal entries, and reconciliations;
• Participate in the establishment of appropriate financial controls to ensure compliance to internal and external regulations and ensure the adequacy of the controls to detect irregularities as they appear;
• Oversee timely preparation of financial and management information reports as per the set regulations and guidelines to inform decision making;
• Ensure timely and proper processing of suppliers invoices for payment; and
• Oversee the preparation and submission of statutory returns.
Education Qualifications
The candidate must hold a Master’s in business administration (or relevant area)
with one professional certificates like ACCA, CPA or CFA or similar certification
Performance indicators
a. Availability of internal accounting policies and procedures
b. Correct postings of accounting entries to relevant journals
c. Correct expense and payables approvals
d. Complete expenses settlements
e. Timely submission of accounting data
f. Compliance to International Financial Reporting Standards.
g. Cost efficiency
Core competencies
a. Financial Accounting
b. Management Accounting
c. Reporting
d. Reconciliation
e. Budget and Planning
f. Stakeholder relationship management
g. Computer Literacy
h. Knowledge of International Financial Reporting Standards (IFRS)

Job Skills: Not Specified

Job Education Requirements: Not Specified

Job Experience Requirements: Not Specified

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Job application procedure
If you believe your career objectives match this position, send your application and CV to recruitment@ungukabank.com , with the position you are applying for in subject line not later than October 4, 2019 at 4:00 pm. Shortlisted candidates will be contacted for interviews.

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