Officer, Accountant

1 month ago


Nairobi, Nairobi Area, Kenya I&M Bank Full time

ABOUT THE COMPANY

I&M Bank Limited, is a commercial bank in Kenya, the largest economy in the East African Community. It is licensed by the Central Bank of Kenya, the central bank and national banking regulator

JOB SUMMARY

Responsible for SBM Bank general ledger monitoring, Nostro and Vostro reconciliations and proposing corrective journals. Always proposing improvement measures to enhance internal controls.KEY RELATIONSHIPS:Direct Reports to this Position NoneCustomers to this Position Branches and other DepartmentsInternal and External auditorsKEY COMPETENCEIS AND QUALIFICATIONS:Knowledge: Skills and Experience required for this RoleBachelor's degree in a business-related course from a recognized University.Professional qualification in CPA/ ACCAMinimum 2 years banking experienceDemonstrated understanding of the bank's policies and proceduresAbility to prioritize and manage time efficiently.Competencies required for this RoleAbility to work independently and make sound decisions. Adhering to principles and valuesExcellent Analytical skillsDelivering Results and Meeting Customer Expectation Good communication skills

RESPONSIBILITIES

Internal Controls - 70%Monitor and reconcile general ledger balances to ascertain the balances are accurate, complete, and reliable to generate financial statements.Review of nostros balances both due from and due to for accuracy and completeness. Perform health checks on all general ledgers to ensure balances are in line with the purpose of the ledger.Review and coordinate all requests to open new general ledgers and updating Chart of accounts.Prepare journal entries for end of period closure to ensure accounting entries are posted to the period they belong.Analyze Stock levels and advise stakeholders promptly on stock index.Implement both external and internal audit recommendations.Continuous review of the current processes and procedures and identify gaps, recommend changes for implementation.Revenue - 20%Analyze all revenue channels of the bank to detect any income leakages and ensure 100% income recovery.Implement control routines for all revenue affecting activities including discounts, rate adjustments, waivers, and concessions.Customer Management - 10%Ensuring that both internal and external customer are attended to within reasonable time.Play an advisory role on matters pertaining to Internal controls and revenue assurance by engaging and influencing all stakeholders impacted by these processes.

REQUIRED SKILLS

Budgeting, financial planning, Reporting, Stakeholder communication, Internal control, Customer relations

REQUIRED EDUCATION

Bachelor's degree



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