Job description

Equity Bank is one of the region’s leading banks whose purpose is to transform the lives and livelihoods of the people of Africa socially and economically by availing them modern and inclusive financial services that maximize their opportunities. With a strong footprint in Kenya, Uganda, Tanzania, Rwanda, South Sudan and DRC Congo, Equity Bank is now home to over 12 million customers – the largest customer base in Africa. Currently the Group is seeking additional talent to serve in the role of Financial Controls & Governance Manager.

Job Purpose

This role is responsible for ensuring the integrity and accuracy of general ledger (GL) balances, supporting financial controls and reconciliation policies across the bank, implementing standardized reconciliation processes, monitoring suspense accounts and managing aging items through follow-up and escalation. It involves performing trend analysis to maintain accurate balance-sheet substantiation. Through financial controls, policies and procedures, the role contributes to financial risk management, ensuring the integrity of financial data through analysis and the implementation of risk controls and policies.

Key Responsibilities

• Establish and maintain effective internal controls over the financial reporting process.
• Monitoring of all Balance sheet and Income Statement account movements and ensuring that they reflect the correct balances and all relevant account reconciliations are performed and corrective actions taken timeously
• Regular monitoring and review of all GLs for accuracy and appropriateness of business transactions recorded.
• Review of bank wide GL reconciliations and ensure outstanding items are investigated and cleared promptly.
• Establish and maintain key financial controls over the monitoring and reporting of trial balance accounts.
• Substantiation of all general ledger balances.
• Manage proper reconciliation of suspense accounts, driving strict adherence to reconciliation SLAs with respective departments.
• Engage with business owners and escalate items outstanding in the suspense accounts beyond the established business rules as per escalation matrix provided for in the reconciliation guidelines.
• Reporting on monthly reconciliation status of items not reconciled and items at risk
• Perform interventions to minimize operational losses through application of sound analytical judgment to identify trends, suggesting and implementing improvements to the existing controls, procedures and systems to bolster fraud prevention
• Monthly review of idle ledgers and general ledgers system for prompt action such as closure.
  
  

Qualifications

Academic, Professional Qualifications & Experience

• Bachelor’s degree majoring in accounting or its equivalent.
• Relevant Professional Qualifications e.g., CPA (K) or ACCA.
• MBA is an added advantage.
• Experience in data analysis
• At least 6 years’ experience in Auditing, Banking or Finance
• Big 4 experience will be an added advantage