Finance Officer, Payables (Business Analyst 1) Finance Department
Central Bank of Kenya
- Minimum Qualification :
- Experience Level : Entry level
- Experience Length : 3 years
Job Description/Requirements
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 Finance, Accounting or any other relevant degree from a reputable university.Professional qualification(s) in accounting e.g. CPA, ACCA or equivalent.Membership of ICPAK or ACCA.Work ExperienceAt least three (3) years post qualification experience in a busy Accounting related area.
RESPONSIBILITIES
Review and process supplier invoices, staff claims, imprests and Board Director’s allowances.Capture data related to supplier invoices, staff claims, imprests and Board Director’s allowances.Perform Bank account reconciliations.Correctly compute withholding tax and prepare schedules for returns to KRA.File payment documents in an organized manner for ease of retrieval.Carry out payments account daily reconciliations.Prompt resolution of staff advances (Imprests).Prompt and articulate response to supplier queries.Reconcile payables related General Ledger Accounts.
REQUIRED SKILLS
Accounting, Purchase Ledger, Sales ledger, Budgeting, financial planning
REQUIRED EDUCATION
Bachelor's degree
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