Head of Financial & Regulatory Reporting

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Company Details
Name:HF Group
Industry: Banking
Description: Housing Finance Company of Kenya was incorporated as the premier mortgage Finance Institution in Kenya licensed under the Banking Act with the CDC and the GoK owning 60% and 40% respectively. ,, ,Housing Finance started operations with the main objective of implementing the government’s policy of promoting thrift and home ownership by lending funds advanced from First Permanent East Africa Limited (FPEA). Operations were restricted to the zoned residential areas within Nairobi and Mombasa. ,, ,Deposits of FPEA in Kenya were transferred to HFCK while the Tanzanian and Ugandan deposits were transferred to The Permanent Housing Finance Company of Tanzania and the Housing Finance Company of Uganda respectively. ,,
Job Description

Principle Accountabilities

  • Coordinate the preparation of periodic management reports and annual statements for the Bank, non-bank subsidiaries and Group.
  • Coordinate the preparation of packs for senior management and boards.
  • Align the reporting timelines with the executives and board committees sitting calendars
  • Ensure that regulatory reports are compliant to CBK Prudential Guidelines and ensure consistent and efficient process improvements to guarantee regulatory capital and liquidity is efficiently reported
  • Ensure an efficient and effective cost accruals processes, procedures and tools are in place
  • Ensure consistent systems improvements to improve reporting requirements like CBK’s time to time additional requirements
  • Coordinate the preparation and submission to management the daily performance report for the business, with a review and analysis of any adverse movement in the key parameters.
  • Overseeing the production of financial reports for all Group entities and the submission to all relevant regulatory bodies
  • Provide guidance on accounting requirement (IFRS) and regulatory reporting requirements (CPK PGs)
  • Conduct impact assessment of new standards and regulatory requirements on financial reporting
  • Ensure compliance to all regulatory and financial reporting requirements
  • Liaising with different departments to perform multifaceted analysis and prepare reports to summarize financial data
  • Facilitate cross-functional learning programs on new accounting, reporting requirements
  • Manage the financial reporting requirements, processes and procedures for capturing, maintaining, and reporting accurate data
  • Improve accuracy of financial reporting systems and accounting procedures by reducing cycle times for key reporting requirements, streamlining underlying data sources and standardizing reporting formats
  • Performing monthly comparative statistical analyses of financial performance, calculating financial ratios, following up on unusual variances with respective business heads, and preparing written explanation of the major variance to the Finance leadership.
  • Coordinate and facilitate both internal and external audits in the most efficient and timely manner
  • Liaise with and close all matters raised by external and internal auditors
  • Help in managing relationship with auditors and regulators

Key Competencies and Skills

Technical and General Competencies:

Technical competencies:

  • Strong financial, accounting and managerial skills
  • Proficient and thorough knowledge of accounting standards (IFRS & IAS) and Interpretation Guidelines (SIC & IFRIC)
  • Expert level proficiency in CBK Prudential Guidelines
  • Good understanding of Basel Accords
  • Good understanding of different financial instruments including derivatives and trade contingent items
  • Advanced Ms Excel proficiency
  • Proficient and thorough tax knowledge
  • Knowledge of ERP systems, MS Office and core banking system

General competencies:

  • Innovative, excellent analytical skill and ability to meet stringent deadlines
  • Good leadership, managerial and supervisory skills

Minimum Qualifications, Knowledge and Experience

Education:

  • First Degree in Finance, Accounting, or a business-related field
  • CPA (K) - mandatory
  • Master’s degree in a business-related field - added advantage

Experience: 12 years’ experience in finance (6 must be in banking sector) and 5 in management level

Education: Degree, Diploma
Employment Type: Full Time

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