Finance Associate- Investment Banking

MAJOR RESPONSIBILITIES:

1. ACCOUNTING

• Coordinating and controlling accounting processes for the Kenyan entity in accordance with local standards of accounting and reporting and internal policies and procedures.
• Organizing and controlling all operations bookkeeping including business expenses reporting business trip expenses payroll control bills payable and receivable.
• Ensuring that taxes (VAT profit tax withholding tax) are calculated and all tax reporting is done correctly and on time.
• Participating in the annual audit process in accordance with local legislation requirements and reviewing auditors reports.
• Maintaining accurate and up-to-date general ledger accounts and preparing reconciliations of bank and intercompany balances.
• Supporting month-end and year-end closing processes and preparation of financial statements.
• Managing the fixed asset register ensuring proper capitalization tagging and depreciation of assets.
• Monitoring accounts payable and receivable to ensure timely settlements and accurate reporting.
• Assisting in the implementation and continuous improvement of accounting systems and processes.

1. COMPLIANCE

• Ensuring that all operations are correctly recorded in the Kenya entitys balances consistent with primary documents and controlling the economic feasibility of expenses for tax purposes.
• Ensuring that Capital Markets Authority (CMA) financial requirements for investment banks remain in compliance.
• Monitoring and enforcing adherence to internal financial policies and procedures.
• Implementing and maintaining internal control systems to ensure compliance with regulatory tax and audit requirements.
• Supporting compliance with anti-money laundering (AML) Know Your Customer (KYC) and other financial regulations.
• Liaising with regulatory authorities auditors and consultants to ensure consistent compliance.

1. REPORTING

• Preparing accounting reports for regulated entities and for submission to the Capital Markets Authority at the end of every quarter.
• Preparing daily management reports reflecting compliance of accounts with CMA regulatory requirements.
• Supporting preparation of management accounts variance analyses and cash flow statements.
• Providing ad hoc financial and analytical reports to assist senior management in decision-making.
• Coordinating with group and regional finance teams to ensure consistency and accuracy of consolidated reporting.
• Supporting the preparation of annual financial statements in line with International Accounting Standards.

1. PLANNING

• Forecasting and planning funding and regulatory capital requirements; reporting daily regulatory ratios.
• Supporting annual budgeting and reforecasting processes ensuring alignment with organizational goals.
• Monitoring budgetary performance and providing variance analysis with explanations and recommendations.
• Assisting in liquidity and treasury management including cash flow forecasting and banking relations.
• Providing data-driven insights to support financial planning and business development initiatives.

1. OPERATIONAL SUPPORT & PROCESS IMPROVEMENT

• Identifying opportunities to improve accounting systems reporting processes and operational efficiency.
• Supporting the implementation or enhancement of accounting and financial reporting software.
• Collaborating with HR Operations and Procurement to ensure data accuracy and consistency in financial records.
• Reviewing supplier invoices contracts and payments to ensure compliance with internal approval procedures.
• Assisting in developing financial policies procedures and documentation to strengthen internal controls.

Qualifications :

• 6 years experience in an accounting field
• Work exposure in a medium sized organisation in Stockbrokerage Investment Banks CMA and the NSE is must.

Additional Information :

TECHNICAL KNOWLEDGE / QUALIFICATIONS REQUIRED:

Essential:

• University degree preferably in business
• Knowledge of International Accounting Standards
• Professional qualification in CPA/ACCA
• Knowledge of East African accounting processes.
• Knowledge of taxation laws in East Africa
• Basic book keeping skills
• Experience with Capital Markets Authority reporting and compliance is a must.

Application & Selection Process

This role will follow a rigorous multi-stage process assessment process including stakeholder panel interviews.

The Salary for this position is Kshs 200000 gross.

How to Apply:

To express interest or refer a suitable candidate please apply via our website . 

We look forward to welcoming you to our team!

Only qualified candidates will be contacted.

Remote Work :

No

Employment Type :

Full-time