Associate, Finance (Financial Accounting-Investments and Cash)

The role is supposed to help the Bank to achieve its mission “stimulating  a consistent expansion of and diversification of African trade to rapidly increase Africa’s share of global trade while operating as a first-class, profit-oriented, socially responsible financial institution and a center of excellence in African trade matters” by providing the required support to the day to day accounting functions and all processes leading to the preparation of required statutory financial statements

The role of the position holder will be to process accounting transactions and perform General Ledger account balance reconciliation within the accounting function and as required for the preparation of statutory financial statements for review and finalization of the Finance Manager and the Chief Finance Officer.

Duties and Responsibilities

  • Reconcile all accounts payable activities to ensure that payments to suppliers and creditors are done on time and in line with laid down procedures.
  • Prepare bank and petty cash reconciliations and clear all outstanding transactions on time
  • Assist in reconciling Treasury (TRMA) and Banking Operations (BAOP) related transactions to General Ledger
  • Review all branch-related accounting returns for accuracy and internal control purposes and producing the required reports. 
  • Reconcile all fixed assets sub-ledgers to the General Ledger balances ensuring correct accounting classification in line with IFRS.
  • Responsible for performing the reconciliations of sub-ledgers to the General ledger for payroll, operating expenses,other receivables and other liabilities transactions and related provisions ageing reports where applicable.
  • Responsible for the recording of daily transactions relating to operating expenses and fixed assets and any other accounting entries that may arise.
  • Assist in managing master file information (for vendors) in the accounting system by capturing, maintaining, and accurately updating master data in accordance with the bank’s applicable policies and procedure;
  • Assist in following up to ensure proper allocation of expenses to cost centers; and
  • Responsible for ensuring that only valid and correct payments requests are processed daily.
  • Attend to both internal and external audit requests.

Additional duties may be assigned from time to time

  • Initiate and support the implementation of any enhancements to the SAP and/or Finacle systems from a financial cycle perspective, to improve the efficiency of processes, the effectiveness of systems and controls, and the usefulness of financial information for making informed decisions.
  • Ensure a continuous improvement to financial processes through appropriate scoping, identifying required upgrades,and ensuring properly managed enhancement as may be required by the needs of specific projects throughout the Bank e.g. reporting systems to fit particular Bank products;
  • Working alongside the Core Banking ERP systems Consultants to ensure that accounting controls within the system are working well, that all users are trained, putting in place procedures to overcome routine problems, and to ensure the ongoing integrity and unbroken flow of required data within the system;
  • Preparation of interim financial statements.
  • Any other duties may be assigned by senior management.

 

Skills, Knowledge and Attitude

  • Bachelor’s degree and a post-graduate degree in Banking and Finance, or related subject from a recognized University.
  • A professional qualification like CPA or CMA or other relevant qualification is an added advantage, and if backed up by appropriate Banking experience may be considered in lieu of a post-graduate degree.
  • Completion of Articles with a Big Four firm is an added advantage.
  • Sound relevant experience of at least 3 years within one of the Big Four Accounting firms or in a similar role elsewhere and demonstrable knowledge of IFRS and related accounting rules is a must.
  • Exposure to the Banking or financial services industry whilst with the accounting firm is an added advantage.
  • Ability to communicate and function in a culturally diverse and change-oriented setting.
  • Excellent verbal and written communication skills in English or French. Knowledge of the Bank's other working languages is an added advantage.
  • Proven experience in ERP systems, especially SAP and/or Finnacle.
  • Willingness to travel extensively and to work long hours where required in order to achieve the Bank's objectives.
  • Demonstrated leadership capabilities, including the ability to organize and manage human resources to attain goals.

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