Finance Officer, Financial Reporting (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

Reconcile imported GL files in the reporting system against third party systems on each business day and resolve any variances noted.Initiate Journal entries in the systems in accordance with the laid down procedures.Undertake month end closure activities as outlined in the month end closure checklist and follow up on closure of other modules before the closure of the general ledger.Perform sanity checks of the trial balance.Perform monthly general ledger reconciliations within the set deadlines and ensure there are no outstanding items, provide comments on any outstanding items and escalate as may be necessary.Review of reconciliations from partner business areas such as Banking and Payments, Financial Markets and Currency Operations Departments.Support internal and external audit exercises, action on audit issues raised and ensure they are closed promptly.Process reimbursement letters and follow –up on payment in line with the laid down work policies and procedures/SLAs.Prepare and monitor the departmental budget, annual procurement plan and variance reporting.Assist in the preparation of the Audited Financial Statements by providing audit schedules and any other information.Represent Finance Department on project teams/working parties to ensure that new products, new functionality and process improvements are correctly implemented.Any other roles and responsibilities as may be assigned by the supervisor.

REQUIRED SKILLS

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

REQUIRED EDUCATION

Bachelor's degree