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 Head of Assets Management.

Job Purpose

This role is responsible for overseeing the Bank’s fixed asset function, ensuring precise tracking, valuation, and reporting of all physical assets. This includes managing the acquisition, depreciation, and disposal processes in line with regulatory standards, accounting principles, and internal policies.

The successful individual will safeguard the bank’s assets, ensuring accurate representation in financial statements and efficient utilization across departments. They will also develop strategies to optimize asset lifecycle management, reduce costs, and support the bank’s strategic objectives through effective capital allocation.

Key Responsibilities

• Manage the fixed asset lifecycle, including acquisition, inventory, depreciation, and disposal processes.
• Lead the development and implementation of asset management policies and procedures, ensuring compliance with regulatory standards, IFRS, and local accounting regulations.
• Maintain an accurate and up-to-date asset register.
• Coordinate periodic asset audits and valuations to ensure financial reporting accuracy.
• Work closely with internal stakeholders to ensure efficient asset use and management.
• Implement and monitor strategies to optimize asset utilization and reduce costs.
• Provide regular performance reports on CAPEX and depreciation schedules for senior management.
• Ensure secure maintenance and accessibility of all fixed asset documentation, including contracts and warranties.
  
  

Qualifications

Qualifications, Experience

• Bachelor’s degree majoring in accounting, finance or equivalent degree.
• Relevant Professional Qualifications e.g., CPA (K) or ACCA.
• MBA (added advantage)
• Experience in data analysis
• At least 8 years’ experience in Auditing, Banking or Finance, 3 of which must be at management level.
  
  

Key Competencies & Skills

Financial and Accounting Expertise

• Asset Management Knowledge
• Accounting Proficiency: Expertise in accounting standards (e.g., IFRS)
• Financial Reporting: Ability to prepare and interpret financial reports related to fixed assets
• Cost Control: Skill in managing capital expenditures and operating costs associated with assets, including optimizing asset lifecycle costs.
  
  

Leadership and People Management

• Team Leadership
• Collaboration Skills
• Stakeholder Management
  
  

Analytical and Strategic Thinking

• Data Analysis – exceptional analytical skills
• Problem solving skills
• Strategic planning: Ability to develop long-term strategies for managing and optimizing the bank’s fixed asset portfolio.
  
  

Risk Management and Compliance

• Regulatory Compliance: In-depth knowledge of regulatory requirements governing fixed assets, including accounting standards (IFRS) and tax regulations.
• Risk Assessment: Expertise in identifying and managing risks related to asset management, including fraud, mismanagement, and the financial impact of asset impairments.
  
  

Technical Proficiency

• Asset management systems: Familiarity with specialized software and tools used for managing fixed assets
• Advanced excel skills
  
  

Organizational And Project Management Skills

• Time Management: Exceptional organizational skills to prioritize tasks, manage multiple projects, and meet deadlines
• Project Management: Ability to manage asset-related projects, such as asset acquisitions, disposals, and audits
• Process Improvement: Competency in identifying opportunities to enhance fixed asset management processes, reduce costs, and improve asset utilization.
  
  

Communication And Negotiation Skills

• Reporting: Strong written and verbal communication skills to prepare clear, concise, and informative reports for senior management, auditors, and regulators.
• Negotiation Skills: Ability to negotiate favorable terms for asset acquisitions, disposals, and contracts related to maintenance or leasing of assets.