Sumac Microfinance Bank

Banking + 2 more

Accountant

Job details

Contract Type

Description

Qualifications and Technical Competencies

  • University degree in either Finance/Accounting/Economics or Business Admin.

    CPA (K) or ACCA Finalist. A master’s Degree will be an added advantage

  • 3 years working experience in a similar position in the banking industry preferably a regulated Microfinance Bank.
  • Ability to work under pressure and manage time efficiently
  • Ability to solve complex problems and make decisions effectively
  • Good time management
  • Respect for peers
  • Confidentiality
  • A team player
  • Assertiveness and self-drive
  • Honesty, reliability and dependability
  • Good interpersonal skills
  • Good communication skills
  • Analytical skills
  • Speed and accuracy


Responsibilities
  • Ownership of all the General Ledger accounts ensuring that they are reconciled at all times.
  • Preparation of bi-monthly bank reconciliations through the core banking system
  • Maintaining fixed assets register modules through the core banking system
  • Proposing and implementing of revised finance and procurement policies
  • Implementation of other system upgrade areas affecting accounts operations and reporting
  • Accurate and timely posting of entries while ensuring data integrity into the core banking system
  • Correct matching of all accounting entries to their budgeted cost and revenue centers
  • Timely accrual of all costs and revenues
  • Timely payments of suppliers and customer payment requests while verifying documentation
  • Timely settlement of statutory obligations such as taxes and loan obligations
  • Filing of statutory reports to regulators by the set statutory deadlines
  • Manage cashflows at bank level and ensure adequacy at all times
  • Accurate and timely preparation of monthly and annual accounts namely balance sheet, profit and loss statement and other reports in adherence to relevant IFRS
  • Provide oversight on overall adherence to budget
  • Proactive cost management on OPEX
  • Responsible for payroll reconciliation after postings
  • Provide guidance to onboard, train, set targets and manage the performance of staff reporting to you to ensure the achievement of their set targets.
  • Act as an agent of the bank
  • Timely treasury replenishment across all branches upon request
  • Reconcile financial discrepancies by collecting and analyzing account information.
  • Any other duties delegated by the supervisor from time to time


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