Financial Controller
Job Purpose
• To provide leadership for the finance team, supporting coaching & development and communication across the team.
• To lead the Financial Control and Reporting team, working with the senior management team and BARO financial control to ensure that financial records and controls are in line with all applicable accounting policies/Group policies.
• Responsible for the integrity of the entire financial control process in addition to the reporting of external financial statements, tax and regulatory reports, Group reports and management/board performance reports
• To be a trusted technical expert with respect to Central Bank regulations, IFRS/IAS and other Group Policies within Finance, ensuring that accounting is in compliance with IFRS and regulatory accounting guidelines
• To ensure that appropriate statutory audits and examinations are conducted in a professional and timely manner
• Lead the cost control management across the bank, supporting the Business Partners with review and challenge of both BAU and Project costs
• Provide finance support and input into business and operational improvement projects across the bank,
• Deliver improved Risk Management Control and Compliance.
• Key Role in championing and managing change introduced as a result of the New Projects and other initiatives/programmes impacting on the bank.
• Manage the balance sheets and the profit and loss accounts of the subsidiary companies and provide avenues of improvement.
• Responsible for maintaining the banks creditors’ ledger.
Main Accountabilities and approximate time split
Accountability:
General Ledger
Oversight and Control
Time split: 30%
Overall responsibility for general ledger controls within the bank
Ensure ongoing improvements to the GL controls and reconciliation process across the bank
Review reconciliations performed by the Financial Control team
Chairing the Balance Sheet Review Committee meeting and ensuring the effectiveness of the committee
Chairing the Cost Committee of the bank
Implementing cost controls in branches and Head Office
Responsibility for maintaining proper accounting records
Responsible for ensuring accurate period end close and ensuring all month –end reconciliations are done
Responsible for Balance Sheet Review and ensuring all exceptional items are investigated and escalation process established and followed.
Approve all new Flex accounts, ensuring mapping in TM1 and SAP are correct
Responsible for preparation for audits
Responsible for managing the closure of all audit findings, ensure action plans are in place and report to BARO as necessary
Accountability:
Statutory & Regulatory Reporting
Time split:
30%
Responsible for regulatory reporting to the Central Bank of Kenya – Review and approve the completed schedules before they are submitted.
Responsible for the quarterly, half year & full year statutory reporting, including newspaper publications.
Ensure compliance with IFRS/Group Accounting policies, regulatory guidelines and procedures in Group, Statutory and Regulatory reporting.
Maintain close relations with the central bank to understand the direction they are.
Responsible for ensuring all board papers (including subsidiary board committee papers) are prepared, reviewed and submitted on time.
Set timetable and coordinate auditors requests in respect of both internal and external audits
Responsible for the Bank’s Income Tax, VAT and WHT matters and ensuring accurate and timely submission of returns and payments.
• Ensure the timely and effective preparation and maintenance of the Fixed assets register to enable accurate calculation, movement and monitoring of depreciation
Accountability:
Stakeholder Engagement
Time Split:
10%
Manage the relationship with external auditors and BIA
Maintain close relations with the Central bank, Tax Authorities and other applicable Regulatory Bodies
Engage BAGL Head of Financial Control and ensure alignment with Barclays Africa Financial Control Objectives
Manage Relationship with Functional heads
Accountability:
Risk Management control and Compliance
15%
Understand the appropriate Group and RoA Policies & Standards applicable to role.
Understand and manage risks and risk events (incidents) which are faced in the role thereby contributing to the adherence to the Group Risk and Control
Framework.
Ensure that practices and controls required by Policies are communicated to all relevant colleagues
Ensure that independent oversight, on a proactive basis takes place of the risk performance (including related control effectiveness) Principal Risks.
Maintaining procedures to monitor compliance with Policies and any controls required by them
Ensuring compliance with the Group process for applications for waivers and dispensations and the notification of breaches of Policies as appropriate
Team Leadership/Management
Time Split:
15%
Provide leadership, line management & coaching to both the Financial Control team and more broadly across finance
Manage the provision of training and support to other areas of the bank to ensure they have sufficient financial understanding to support the Financial Control function
Proactive member of the bank’s senior leadership team committed to achieving success and providing support for Colleagues.
Pursue your own personal development to increase job effectiveness
Technical skills / Competencies
Excellent analytical skills-Skills to analyse statistical financial information
Excellent communication skills at all levels.
Excellent comprehension skills to understand and interpret financial data and economic trends.
Strong formal presentation skills to gain acceptance to solutions, both internally and externally.
Team leadership skills
Interpersonal skills
Planning and organisation skills
Ability to think creatively and identify innovative solutions
Up to date knowledge of accounting technical issues (International Accounting Standards/IFRS, etc)
Strong ability to view issues from a risk & control perspective
Highly numeric/strong analytical and problem-solving skills
Drive to continually improve processes and seek new challenges
Ability to work well under pressure, working accurately with attention to detail, and meeting deadlines
Demonstrated ability to maintain and enhance relationships with contractors and staff
in order to achieve work goals.
Skills in forecasting, budgeting and analysis of variances.
Strong customer focus (internal and external).
Strong communication skills and interpersonal skills to effectively translate ideas,
concepts and information
Knowledge, Expertise and Experience
A detailed understanding of the objectives of Barclays Africa and how they are translated to financial objectives.
Thorough knowledge of the banking products/services offered, as this will determine the accounting treatment in the books of the bank.
Knowledge in Bank’s strategic objectives and systems
Relevant first degree and Accounting professional qualification
Significant practical experience in a Senior Finance role
Experience in management reporting in a financial institution
Demonstrated ability to manage, motivate and develop a team and effectively work
with other staff
Technical and practical skills in financial controlling.
Knowledge of the Bank’ procedures and processes
Up to date knowledge of VAT, WHT and Income Tax.
Title: Head of Financial Control
Location: Kenya
Requisition ID: *00187470
The post Barclays Bank Job Vacancy in Kenya : Head of Financial Control appeared first on Jobs in Kenya.
