Finance Officer, Financial Planning & Performance (Business Analyst 1)

ABOUT THE COMPANY

The Central Bank of Kenya was established in 1966 through an Act of Parliament - the Central Bank of Kenya Act of 1966. The establishment of the Bank was a direct result of the desire among the three East African states to have independent monetary and financial policies. This led to the collapse of the East Africa Currency Board (EACB) in mid 1960s.
Following the promulgation of the new constitution on August 27th, 2010, the Central Bank of Kenya (CBK) is now established under Article 231 of the Constitution, 2010. Under this Article the Central Bank has the responsibility of formulating monetary policy, promoting price stability, issuing currency and performing any other functions conferred on it by an Act of Parliament.
The Constitution guides that “the Central Bank shall not be under the direction or control of any person or authority in the exercise of its powers or performance of its functions”.

JOB SUMMARY

QualificationsA Bachelor’s Degree in Accounting, Management, Economics, Finance or business related discipline from a reputable university.Professional qualification(s) in Accounting e.g. CPA, ACCA or equivalent.Work ExperienceAt least three (3) years post qualification experience in a busy Accounting related area.

RESPONSIBILITIES

Conduct annual training/sensitization for budget liaison officers on the budget policies, guidelines and assumptions.Assist cost centers in the development of their CAPEX budgets, ensuring correct categorization and budgeting.Review and consolidate the cost centers’ budget proposals and the supporting annexures.Prepare documentation and participate in consultative meetings for discussing the budget proposals with cost centers.Implement the changes recommended by the management untill the Final Draft is posted.File and archive the budget process documents (Drafts and Notes) as required.Validate the approved budget uploaded in the ERP system.Ensure implementation of budget in conformity with the budget policy and guidelines.Offer technical support to users in monitoring and evaluating the budget implementation.Receive and maintain records of monthly variance and quarterly CAPEX reports and follow up to ensure compliance from the Departments.Pass adjustments to correct variances, and other adjustments as may be needed by the Cost Centers.Monitor capital expenditure projects and prepare the quarterly CAPEX report.Prepare and analyze financial performance metrics, including budget variances, revenue trends, forecasts, and cost drivers.Prepare the Draft-monthly Management Reports, and forward to the section’s management for review.Prepare the Draft monthly report to the Foreign Reserves Investments Committee (FRIC) for review.Monitor and report projects’ Financial status within the Project Portfolio Management (PPM) module.

REQUIRED SKILLS

Accounting, Budgeting, financial planning, Tax management, Year end reporting, Reporting

REQUIRED EDUCATION

Bachelor's degree