Head, Group Financial Controls & Reporting

Reporting to the Group Finance Director, this role is responsible for managing the Group financial reporting processes, preparation of financial statements in accordance with IFRS, regulatory reporting in line with prudential guidelines and other regulatory requirements. Ensure robust controls are maintained around the internal models to provide assurance on the accuracy and completeness of the Group’s financial statements.

Key Responsibilities

• Preparation of Group Financial statements in accordance with the International Financial Reporting standards (IFRS), Central Bank Prudential guidelines, Capital Markets Authority and other regulatory requirements.
• Co-ordination of the Group’s external audit process working with group external auditors, country, and entity Heads of Finance to ensure timely completion of Audited Financial Statements.
• Oversee implementation of the group financial reporting standards, chart of accounts, new IFRS while ensuring consistency in reporting and compliance regulatory requirements across various jurisdictions.
• Working with various heads of finance, and unit heads, ensure timely completion and review of annual financial integrated reporting for approval and publication.
• Coordinate Central Bank of Kenya (CBK) group consolidated reporting supervision and addressing any queries thereof.
• Review of the group’s financial performance against targets providing insights into risks and opportunities per entity, financial and presentations of quality performance packs to group senior management.
• Oversight the implementation and review of the group financial models including but not limited to IFRS 9, IFRS 16, EIR, and Staff Loans Valuation models in compliance with IFRS.
• In coordination with country heads of finance, scanning the various regulatory environment for regulatory changes that may impact the group, preparing an impact analysis and recommendations to Group Finance Director.
• Oversight the Group Revenue Assurance function by ensuring process improvement on revenue collection, recording and reporting, highlighting and follow on collection on identified revenue leakages.
• Oversight environmental, sustainability and governance alignment and reporting across the KCB Group.

The Person

For the above position, the successful applicant should have the following:

• Hold a Bachelor's degree in any business related field from a recognized institution. A Master's degree will be an added advantage
• Is a Certified Public Accountant
• Has at least 10 years work experience in the finance field, including specific management experience in the following areas:

• Financial Consolidation
• Financial Analysis & performance management
• People Management
• Stakeholder management
• Driving annual external audits
• Experience in project management will be an added advantage.

The above position is a demanding role for which the Bank will provide a competitive remuneration package to the successful candidate. If you believe you can clearly demonstrate your abilities to meet the criteria given above, please log in to our Recruitment portal and submit your application with a detailed CV.

To be considered your application must be received by Friday 10^th May 2024

Qualified candidates with disability are encouraged to apply.

Only short-listed candidates will be contacted.