Summary

Responsibilities

Financial Reporting and Analysis

• Lead the preparation of monthly management accounts and performance tracking reports.
• Provide insightful commentary on emerging trends, linking current performance with future projections, risks, and opportunities.
• Monitor performance against budget and prepare monthly variance analysis reports.
• Lead the financial forecasting process, providing strategic insights and commentaries on financial performance.
• Advise senior management (ALCO) on key business parameters and their impact on financial plans.
• Interpret market intelligence and conduct competitor financial analysis to inform business strategy.
• Oversee the development of the bank’s annual and long-term financial plans and budgets.
• Enforce expense management guidelines for proper cost control and optimization.
• Provide support for regulatory reporting in line with Prudential guidelines and other regulatory requirements.

Business Performance and Support

• Partner with business units to set financial targets and monitor performance against plans.
• Conduct periodic performance reviews with business teams and provide strategic recommendations.
• Drive cost and revenue optimization initiatives across business segments, products, branches, and distribution channels.
• Support the preparation of annual budgets for the bank's business entities.
• Ensure all projects and expenditures are properly documented and approved by relevant stakeholders.
• Conduct post-implementation reviews (PIR) for projects to ensure projected benefits are included in future budgets.
• Provide insights on financial statements to aid in decision-making and ensure business targets are met.

Management Information Systems (MIS) and Reporting

• Oversee the maintenance and development of management information systems (MIS) and financial databases.
• Ensure accurate and timely provision of financial reports to internal stakeholders (e.g., business divisions, senior management).
• Provide business intelligence through performance analysis by business segment, products, branches, distribution channels, and customer segments.
• Ensure that all stages of the fixed asset life cycle, including acquisition, depreciation, revaluation, and disposal, are correctly recorded.
• Ensure accurate mapping of General Ledger (GL) accounts for effective financial reporting.
• Maintain the Fixed Assets Register and ensure proper documentation of asset movements.

Audit and Compliance

• Provide support for internal and external audits, ensuring accurate and timely information is provided.
• Ensure financial reports comply with International Financial Reporting Standards (IFRS) and other regulatory requirements.
• Substantiate balance sheet balances and provide confidence in the bank's reported financial numbers.
• Collaborate with audit teams to ensure that financial data and processes are aligned with best practices.

Team Leadership and Development

• Lead and motivate a high-performance team, setting clear performance objectives and providing regular feedback.
• Foster collaboration and collective responsibility within the finance department and across the organization.
• Invest in the professional development of direct reports through training and growth plans.
• Serve as a role model for the team, demonstrating a commitment to excellence and service quality.
• Work with HR to implement staff engagement activities to enhance the organizational culture around service excellence.

Process Improvement and Policy Development

• Develop and implement financial policies, tools, processes, and procedures to ensure internal efficiencies.
• Ensure the continuous improvement of financial processes, reporting mechanisms, and business partnering practices.
• Support the development and maintenance of department policies and service level agreements (SLAs).
• Manage and improve business process flows to align with strategic goals.

Stakeholder Management

• Provide accurate financial information to key internal stakeholders (e.g., ExCom, business teams) in a timely manner.
• Coordinate with external stakeholders such as external auditors, regulators, and rating agencies to ensure compliance and transparency.
• Support the provision of information required by rating agencies, lenders, and other external stakeholders.

Education and Qualifications

• A Bachelor's degree in business related studies or equivalent. An MBA in Finance, Strategy or Business-Related Course will be an added advantage

Requirements

• A minimum of 5 years of post-qualification experience in a finance department or audit environment, with at least 3 years in a senior management role.

Characteristics

Leadership

• Ability to inspire and motivate a high-performance team.
• Acts as a role model, fostering teamwork and trust to support performance and customer-service-oriented culture.
• Utilizes performance management tools to optimize productivity and drive collective responsibility to achieve business goals.

Commercial Awareness

• Demonstrates a clear understanding of how key business issues impact the profitability of the bank.
• Recognizes the commercial implications of different courses of action and demonstrates an understanding of the market in which the bank operates.

Strategic Thinking

• Considers long-term implications of current activities, aligning short-term objectives with long-term strategic goals.
• Formulates clear, practical steps to meet business objectives while considering the bank’s strategic direction.

Problem Solving

• Identifies root causes of problems and explores a range of solutions to address them.
• Makes timely, informed decisions based on reliable sources of information, and seeks input from others when appropriate.

Interpersonal Sensitivity

• Shares recognition for accomplishments and fosters a positive team environment.
• Actively encourages and supports contributions from team members, demonstrating respect for diverse perspectives and opinions.

Resilience

• Maintains focus on tasks under pressure, demonstrating determination and drive to overcome obstacles and complete projects.
• Responds to challenges in a controlled, professional manner, and remains focused on achieving objectives.

Communication

• Presents ideas in a clear and concise manner, adapting communication style to different audiences.
• Responds effectively to objections and ensures that messages are understood by stakeholders at all levels.

Planning and Organizing

• Effectively manages available resources to achieve desired results, keeping track of progress on tasks and projects.
• Develops contingency plans and risk management strategies to address unexpected events.

Action-Oriented

• Takes proactive steps to improve progress and drive initiatives without waiting for others to take action.
• Demonstrates a sense of urgency and commitment to achieving objectives.