The role of the Financial Planning and Performance (FPP) Officer is to support the Financial Planning and Performance function within the Finance Department, ensuring alignment with the Central Bank of Kenya's strategic goals and compliance with regulatory and accounting standards. The FPP Officer is primarily responsible for the annual budget development cycle, training of budget liaisons, implementing management-directed changes in the budget, generating and analyzing Financial Planning and Performance reports, calculating financial performance metrics for Management Reports, and monitoring overall budget performance.
Key Duties and Responsibilities
Strategic, Technical and Operational Responsibilities
- Conduct annual training/sensitization for budget liaison officers on the budget policies, guidelines and assumptions.
- Assist cost centers in the development of their CAPEX budgets, ensuring correct categorization and budgeting.
- Review and consolidate the cost centers’ budget proposals and the supporting annexures.
- Prepare documentation and participate in consultative meetings for discussing the budget proposals with cost centers.
- Implement the changes recommended by the management until the Final Draft is posted.
- File and archive the budget process documents (Drafts and Notes) as required.
- Validate the approved budget uploaded in the ERP system.
- Ensure implementation of budget in conformity with the budget policy and guidelines.
- Offer technical support to users in monitoring and evaluating the budget implementation.
- Receive and maintain records of monthly variance and quarterly CAPEX reports and follow up to ensure compliance from the Departments.
- Pass adjustments to correct variances, and other adjustments as may be needed by the Cost Centers.
- Monitor capital expenditure projects and prepare the quarterly CAPEX report.
- Prepare and analyze financial performance metrics, including budget variances, revenue trends, forecasts, and cost drivers.
- Prepare the Draft-monthly Management Reports, and forward to the section’s management for review.
- Prepare the Draft monthly report to the Foreign Reserves Investments Committee (FRIC) for review.
- Monitor and report projects’ Financial status within the Project Portfolio Management (PPM) module.
Stakeholder Relationship Management
- Build and maintain effective relationships with internal and external stakeholders, including internal and external auditors.
- Respond to stakeholder inquiries and requests for financial information in a timely and professional manner.
Systems Improvement
- Participate in the implementation of cross-functional projects related to improvement of financial planning and performance systems.
Qualifications and Experience
Qualifications
- A Bachelor’s Degree in Accounting, Management, Economics, Finance or business related discipline from a reputable university.
- Professional qualification(s) in Accounting, such as CPA, ACCA or equivalent.
Work Experience
- At least three (3) years post qualification experience in a busy Accounting related area.
Competencies
Technical Competencies
- Good understanding of International Financial Reporting Standards (IFRS).
- Good understanding of Financial reporting requirements.
- Strong communication and presentation skills.
- Proficiency in Microsoft applications (i.e., advanced Excel, Word and PowerPoint).
- Good knowledge and experience with Accounting Systems.
- Strong analytical and problem-solving skills.
Behavioral / General Competencies
- High level interpersonal skills, including ability to build alliances and collaborate across multiple cultures.
- Strategic thinking and problem-solving skills.
- Strong negotiation skills.
- Attention to details.
- Customer service skills.
- Emotional Intelligence.
- Team player.
- Be of high ethical standard and integrity.
