The Manager, Finance Operations is responsible for ensuring effective management of finance operations and administration by overseeing accounts payable, fixed assets, project accounting, tax compliance, and intercompany reconciliations. The role safeguards the integrity of financial data, enforces internal controls, and drives a cost-conscious culture across the Bank, in line with DIB Bank Kenya’s governance framework, regulatory requirements, and Islamic banking principles.
Key Responsibilities
Accounts Payable and Cost Controls
Oversee the Accounts Payable function to ensure efficiency, accuracy, and compliance with procurement and supplier processes.
Enforce the Bank’s Expense Management Guidelines to strengthen cost discipline.
Drive adoption of the automated Procure-to-Pay (P2P) system for transparency and control.
Fixed Assets Register
Maintain an accurate and automated Fixed Assets Register covering acquisition, depreciation, movement, revaluation, and disposal.
Conduct periodic verification of assets and update the register accordingly.
Perform monthly reconciliations between the Fixed Assets Register and the General Ledger.
Trial Balance and GL Reconciliations
Conduct daily reviews of the Trial Balance (TB) at both GL and cost centre levels to monitor movements and ensure compliance.
Perform timely reconciliations and substantiations of GL accounts.
Review and correct accounts with “unnatural” balances and maintain reconciliation schedules and ageing analysis.
Accruals, Prepayments, and Provisions
Ensure accurate accounting for accruals, prepayments, and provisions in line with IFRS and internal policies.
Process write-offs and provisions with appropriate approvals under the Delegation of Authority framework.
Intercompany and Project Accounting
Manage reconciliations of intercompany recharges and balances due to/from DIB Group affiliates.
Monitor and account for project-related costs, including WIP, transfers to the Asset Register, and amortisation.
Ensure accurate cost centre allocations and integration into the annual budget process.
Tax Management
Oversee tax compliance, including preparation, processing, and remittance of statutory taxes.
Ensure adherence to local regulatory requirements from the Central Bank of Kenya and Kenya Revenue Authority.
Control Environment and Reporting
Uphold internal financial controls, policies, standards, and procedures.
Safeguard financial data integrity and enforce system security and logical access controls.
Provide backup support to the Manager, Financial Controls, in preparing statutory accounts and supporting external audits.
Requirements
Bachelor’s degree in Finance, Accounting, or Business Studies.
Fully qualified CPA (K), ACCA, or Chartered Accountant.
Minimum 5-7 years’ post-qualification experience in accounting or audit.
Strong experience in GL controls, reconciliations, and regulatory exposure.
Excellent analytical and stakeholder management skills.
MBA is an added advantage.
How to Apply
Interested and qualified candidates should send their CV and cover letter to careers@dibkenya.co.ke.
How to Apply
Interested and qualified candidates should send their CV and cover letter to careers@dibkenya.co.ke.
