Accounting jobs, Finance jobs, Business Administration jobs,
Accountant – GL Control & Group reporting
Job Purpose
As an Accountant in the GL Control & Group Reporting department, you will play a crucial role in ensuring the accuracy and compliance of financial data for our bank. You will be responsible for maintaining the General Ledger, monitoring financial transactions, and assisting in the preparation of reports for group reporting in liaison with the Senior Manager – Financial Control. The ideal candidate is organized, analytical, and capable of handling financial data with precision.
Key Responsibilities
- Maintain and reconcile the General Ledger accounts on a regular basis.
- Ensure the integrity and accuracy of financial data.
- Review and post journal entries to accurately reflect financial transactions.
- Assist in the preparation of financial reports for group reporting purposes whilst ensuring compliance with group reporting standards and regulations.
- Collaborate with other departments to gather financial data and information.
- Perform variance analysis to identify and investigate discrepancies in financial data.
- Assist in financial forecasting and budgeting processes.
- Ensure all financial transactions and records adhere to relevant accounting standards and regulations.
- Maintain organized and complete financial records and documentation.
- Provide support during internal and external audits by providing necessary documentation and explanations.
- Work with the Accountant – Financial Operation to ensure improved efficiency on accounts payables.
- Any other duties as may be assigned by the line manager from time to time.
Job Specification
- Minimum bachelor’s degree preferably in accounting, finance or business administration from a recognized institution.
- Fully qualified Certified Public or Chartered Accountant or similar qualification.
- Minimum of 5 years of experience in General Ledger accounting in a financial institution. Extensive knowledge of accounting methods, tax laws, and audits.
- Excellent analytical and problem-solving skills.
- Proficiency with relevant accounting software.
- Good knowledge of sharia compliant banking operational processes will be an added advantage.
Financial Accountant – Tax Reporting
Job Purpose
The incumbent will be responsible for managing and executing the bank’s tax reporting processes. Your role will involve ensuring accurate and timely tax reporting, compliance with tax laws, and minimizing tax-related risks. The ideal candidate is detail-oriented, well-versed in tax regulations, and capable of managing complex financial data.
Key Responsibilities
- Review all tax schedules and tax returns for submission to Tax Authorities.
- Maintain the required tax regulations, coordinate preparation and review of all tax returns within the Bank’s guidelines.
- Preparation of monthly, semi-annual, and annual corporate and deferred tax computations for the Bank.
- Tax health checks for outstations and subsidiaries to ensure tax compliance with the Tax authorities, regulatory bodies in the banking industry.
- Supporting with matters relating to tax administration and compliance including daily monitoring of transactions, review for accuracy and completeness of tax deducted and timely remittance of tax.
- Reconciliation of Tax accounts and analysis of tax risks for necessary provisions to be made.
- Identify, lodge, and follow up tax refund claims with tax authorities and fast track the refunds to improve the Company cash flows.
- Identify and lobby for tax law amendments and exemptions with the various Jurisdictions to reduce the cost for the Bank.
- Monitor markets and pre-empt risks for both the Bank and the client with timely identification of potential problem accounts and formulating appropriate risk mitigating strategies.
- Ensure the Bank’s iTax ledger is clean through proactive follow up with the regulator on any legacy transactions outstanding.
- Ensure iTax ledger is updated with all transactions.
- Confirm the accuracy of records and documents related to tax reporting and preparation.
- Conduct research on tax compliance issues at the local and national levels and advise management.
- Any other duties as may be assigned by the line manager from time to time.
Job Specification
- Minimum bachelor’s degree preferably in accounting, finance, or business administration from a recognized institution.
- Fully qualified Certified Public or Chartered Accountant or similar qualification.
- Minimum of 4 years of experience with proven track record as a tax specialist or analyst.
- Extensive knowledge of accounting methods, tax laws, and audits.
- Excellent analytical and problem-solving skills.
- Proficiency with relevant accounting software.
- Good knowledge of sharia compliant banking operational processes will be an added advantage.
Accountant – Financial Operations
Job Purpose
The incumbent will be charged with accounts payables & requisition management, project accounting, fixed assets and the management of the fixed assets register, cost control and driving cost management culture, tax payments, cross border recharges. Additionally, he/she will be cross checking the internal financial controls and policies, standards & procedures, while ensuring General Ledger standards and controls, financial data processing are as er the requirements.
Key Responsibilities
- Oversee that Accounts Payable function for procurement and suppliers is carried out efficiently and in a controlled manner. Enforce the Expense Management Guidelines for proper cost control.
- Reconciliations and or substantiation for GL accounts are reviewed on a period basis, timelines and in the manner set out in the control guidelines. To include reconciliation schedules, backup evidence, quality and ageing analysis.
- Reviewing, monitoring and correcting accounts with ‘unnatural’ balances (asset accounts in credit and liability accounts in debit) at TB and Departmental levels.
- Review GLs for outstanding items and on a regular basis make adequate accruals and provisions as per accounting standards.
- Escalate any reconciliation issues in line with the Escalation procedures and promptly clear all reconciliation issues with utmost diligence and seriousness.
- Ensure adequate provisions / write-offs must be created / made as required. In such cases, the appropriate approval procedures must be followed in line with the Delegation of Authority.
- Reconciliation and substantiation of amounts due to and due From DIB Group affiliates including cross boarder recharges.
- WIP monitoring, analysing, accounting, and reporting on project spend and explanations for any variances.
- Ensure that costs are recorded against the correct cost centre and account line and that prepayments and accruals are properly recorded, monitored, and cleared.
- Ensure that all assets are capitalized in accordance with approval limits and that capitalizations are done on a timely basis.
- Ensure that costs are recorded against the correct cost centre and account line and that prepayments and accruals are properly recorded, monitored, and cleared.
- Monitor and review the branch expenses through petty cash process and ensure that the branches get approvals for any variations.
- Any other responsibility that will be assigned from time to time by line manager.
Job Specification
- Minimum bachelor’s degree preferably in accounting, finance, or business administration from a recognized institution.
- Fully qualified Certified Public or Chartered Accountant or similar qualification.
- Accounting & financial reporting skills.
- Financial statements analysis skills.
- Knowledge of Bank’s operations.
- Good knowledge of sharia compliant banking operational processes will be an added advantage
Method of Application
Please send your CV and cover letter to careers@dibkenya.co.ke by COB, 30th October 2023, Quoting The role title as the Subject of the email application. Canvassing will lead to automatic disqualification. Interviews will happen on a rolling basis.